If you have already received this newsletter by mail, I apologize. However, this e-mailed edition contains updated stats for March, which you may be interested in.
As the snow begins to melt in Pagosa, I contemplate the uncertain future. Just like most Americans, I worry about the economy. Most of the time, I worry about things that never come to pass. Whenever possible, I try to catch myself as I'm thinking this way, and I try to change my mindset by thinking of something positive. One of my problems is I watch too much TV. Except for Sunday morning on CBS, almost all the news is negative. One of the biggest problems we have with our current economy is a lack of consumer confidence.
The reason I am writing this letter is to make myself available as a consultant to discuss any of your real estate questions. Here are a few of the questions I might be able to help you with:
1- Is now a good time to refinance?
Personally, I am hoping for rates to go below 5% again, as I am locked and loaded to refinance my home and save about $600 a month on my mortgage. Professionally, I may be able to help you decide when and whether to pull or not to pull the trigger on a refi.
2- What is my current real estate worth in today's market?
Not that this is the best time to sell, but you should know the value of your property. I can provide information that may help with financial and estate planning, protesting your taxes, or it may just satisfy your curiosity.
3- What if I am considering upgrading or remodeling my home?
Some upgrades will directly increase the value of your home, while others will have little influence. I can help you decide which improvements will be financially rewarding.
4- What if I am considering buying or selling property in other parts of the country, and I need to find a top-notch Realtor in that area?
I have access to a pool of great Realtors called Certified Residential Specialists, the top 4% of all Realtors in the country. I can connect you with the Specialist best suited to serve your needs.
5- What if I am stressed-out and real estate poor? I'm worried about losing my property, and I need some direction?
During these trying times, I come into contact with a lot of folks who are about to give up. They are panicked about potentially losing their home or property, and they don't know where to turn for help. If this is you, I want to encourage you to call, write, or e-mail me. You may have more options than you realize, and there may be resources out there to help you. I would be happy to discuss this with you; all information will remain confidential.
Other people may be in a better situation and have some cash available, but they don't want to play the stock market, and don't like the low rates the banks are currently offering. If this is you, I have some good news for you. There are some tremendous real estate buys out there right now. Check out my website, ISellPagosa.com, where all the bank repos in town are presented with just a click. Beyond repos, there are many properties out there priced way below the general market. Some sellers bought several years ago, and now they are ready to make a good deal.
Well, so long for now. I hope this letter finds you well. Remember to think positive. Hopefully the Obama Stimulus Package will turn things around, but I believe in making my own luck by thinking smart. Please call, write, or e-mail me if I can assist you in any way.
As always, the latest statistics are available on my website, ISellPagosa.com