At The Group, we believe the home buying process should be easy. As real estate professionals, having control over as much of the process as possible helps us anticipate and resolve issues immediately. The many variables when obtaining a mortgage can be a challenge, sometimes causing unexpected problems on the way to the closing table.
Two years ago, The Group, Inc. formed a joint venture with Countrywide with the goal being to create a “perfect transaction” for our buyers and sellers. The Group Guaranteed Mortgage has loan officers in each of our six offices to answer questions, counsel customers, provide pre-qualifications, take loan applications, and give the best service available. Countrywide’s processing center uses state-of-the-art technology to provide loan commitments quickly. TGGM feels so confident about its service, that it is guaranteed.
Interest rates are low. If you are buying a home or thinking of refinancing, call one of The Group’s offices and talk with a loan officer. We think you will be pleasantly surprised at how easy the process of getting a home loan can be.
The Group, Inc. Real Estate held its annual real estate forecast on Monday, February 4, at the Budweiser Events Center. About 1,500 people attended to hear Chairman, Chuck McNeal, present our predictions for 2008. Here is an overview:
Forecast for 2008
Continued low interest rates, projected growth in employment, and quality of life throughout this part of the state will continue to be the drivers of real estate sales. These economic indicators, along with rising residential rents and falling vacancy historically indicate an improving market. Inventory will continue to balance throughout Northern Colorado as builders limit their supply, and foreclosures are absorbed.
While all of our challenges are not behind us, signs point to improvement. Builders, developers, buyers, sellers and investors who do their homework will find opportunity in this market. On the horizon we see pent-up demand and even inventory shortages in some price ranges and neighborhoods as the economy recovers nationally.
To view the video presentation by employers and community leaders from throughout Northern Colorado as well as all information presented at the event, visit the ‘2008 Real Estate Forecast’ section of our website.
A columnist in today’s Coloradoan newspaper used The Group’s Insider newsletter as an example of “a great job of keeping in touch by sending out useful information.”
Margaret McDonald (Miss Communications) focused her column on newsletters as a marketing tool. This is what she had to say about The Insider….
“The Group, Inc.’s ‘Real Estate Insider’ is full of trends, statistics and other information that helps local residents understand the real estate market and plan accordingly.
Sure, the ‘Insider’ is consistently buillish on the idea of ownership, and yeah, it sometimes puts a little spit-and-polish on the bad news, and of course, it includes contact information for a ready-to-help-you Realtor on the back page. But the news within its pages is market-and-investment-focused, and it never devolves into that ‘let us tell you about us” stuff that so many companies think everybody wants to read.”
The Insider newsletter is published 10 times each year and is intentionally written to inform our customers about the Northern Colorado real estate market. Our 200+ Partners plus our managers and staff constantly keep our ears to the ground for the latest news and trends, both local and national. It is our goal to be ’The Source For Real Estate Information in Northern Colorado.’
If you would like to receive The Real Estate Insider, call one of our Realtors. They will be happy to make certain you receive your copy to stay up on the real estate news in Northern Colorado.
Every market has its submarkets, and real estate has plenty: new and resale single-family attached and detached; for sale and for lease office, industrial and retail space; residential rentals: residential and commercial land, etc. And all of these have multiple other categories within them. Usually when one submarket is struggling, others are offering investment opportunities too good to pass up.
The residential rental market is hot in Northern Colorado right now. Colorado Apartment Insights LLC’s 3Q statistics show a vacancy rate of 5.15% for all of Northern Colorado, with the rate going as low as 3.69% in Loveland. The following factors also make it a prime time to invest in residential rental property:
· Changes in lending practices making it more difficult for some people to buy homes;· Apartment construction is down;· Job growth is up;· Echo boomers are coming of age to form their own households;· The supply of homes for sale is shrinking;· Vacancy rates are decreasing and rents are increasing