September 2024 Grand Valley Real Estate Today

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ADVERTISER INDEX

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10 ACRE COLORADO VINEYARD | 3107 A 1/2 Rd, Grand Junction

10 ACRE COLORADO VINEYARD |

ACRE COLORADO VINEYARD

10 ACRE COLORADO VINEYARD |

3107 A 1/2 Rd, Grand Junction

3107 A 1/2 Rd, Grand Junction

| 3107 A 1/2 Rd, Grand Junction

10 ACRE COLORADO VINEYARD | 3107 A 1/2 Rd, Grand Junction

10 ACRE COLORADO VINEYARD |

3107 A 1/2 Rd, Grand Junction

Opportunity to own an established production Colorado vineyard with the potential for RSF4+ development. Adjacent to sewer and other utilities. Outstanding building sites. Senior water rights on the Colorado river. Includes 8.5 acres of Cabernet Sauvignon, Chambourcin, Riesling, Rkatsiteli, and Merlot grapevines.

Opportunity to own an established production Colorado vineyard with the potential for RSF4+ development. Adjacent to sewer and other utilities. Outstanding building sites. Senior water rights on the Colorado river.

Includes 8.5 acres of Cabernet Sauvignon, Chambourcin, Riesling, Rkatsiteli, and Merlot grapevines.

Opportunity to own an established production Colorado vineyard with the potential for RSF4+ development. Adjacent to sewer and other utilities. Outstanding building sites. Senior water rights on the Colorado river. Includes 8.5 acres of Cabernet Sauvignon, Chambourcin, Riesling, Rkatsiteli, and Merlot grapevines.

Opportunity to own an established production Colorado vineyard with the potential for RSF4+ development. Adjacent to sewer and other utilities. Outstanding building sites. Senior water rights on the Colorado river. Includes 8.5 acres of Cabernet Sauvignon, Chambourcin, Riesling, Rkatsiteli, and Merlot grapevines.

Opportunity to own an established production Colorado vineyard with the potential for RSF4+ development. Adjacent to sewer and other utilities. Outstanding building sites. Senior water rights on the Colorado river. Includes 8.5 acres of Cabernet Sauvignon, Chambourcin, Riesling, Rkatsiteli, and Merlot grapevines.

Opportunity to own an established production Colorado vineyard with the potential for RSF4+ development. Adjacent to sewer and other utilities. Outstanding building sites. Senior water rights on the Colorado river. Includes 8.5 acres of Cabernet Sauvignon, Chambourcin, Riesling, Rkatsiteli, and Merlot grapevines.

• 3-6 bedroom

• 3 car garage minimum

• RV parking and storage on site

• Stucco exteriors with optional stone accents

• Architectural 30-year shingles

• Nature’s Composite fencing

• Pressurized irrigation

• Parks & walking paths

• Homes starting at 1800 square foot

• 3-6 bedroom

• 3 car garage minimum

• RV parking and storage on site

• Stucco exteriors with optional stone accents

• Architectural 30-year shingles

• Nature’s Composite fencing

• Pressurized irrigation

• Parks & walking paths

• LOTS FOR SALE

Emerald Ridge Estates Offers —

• Zoning is R-2(R) (now a retired zoning) with lot sizes ranging from .24 to .52 acre in Filing One. This will give you more space and room to include an exterior RV parking space and/or a tall RV garage attached to your home.

• All kitchen appliances included: refrigerator, range, dishwasher, and micro/hood.

• 30 or 50-amp RV electrical plug inside or outside.

• Stucco exteriors with the option to add stone and brick accents.

• Covered porch and/or patio areas.

• 3+-car garage.

• Pressurized irrigation to each lot.

• Luxury vinyl planking (LVP) living areas, ceramic tile in primary bath, and carpet in bedrooms.

• Front yard landscaping with xeriscaping encouraged.

• Upgrades and custimazation available on any of the standard plans and your site-specific design.

The Key To Great Service

1670 W Highway 6&50 – Fruita | $249,000

Prime commercial lot located between Family Dollar and O’Reilly’s Auto Parts near downtown Fruita. This property is zoned C-1 which allows for a wide range of business opportunities or even apartment buildings. Sewer is stubbed in, entrance is already paved, and all utilities are nearby. Irrigation water may be available. Don’t miss out on this unique opportunity! MLS #20241983

Call Chris Young 970-640-1642

Morgan Young-Gilmore 970-589-5708

This beautifully remodeled home is located just north of Fruita. The 4-bedroom, 3 bath home features 2 master bedrooms, a beautiful country kitchen, and an office or formal dining room space. Outside, enjoy the views from the gorgeous yard which features a concrete patio with a hook-up for your hot tub. The home is surrounded by irrigated pastures which have their own head gate. If you have animals, bring them all. It is 4-H ready! The outbuildings contain lamb/pig pens and a cool barn/shop for the cattle or horses. All of which have automatic waterers installed and ready-to-go. Within the Fruita Urban Development Boundary MLS #20241152

Call Chris Young 970-640-1642

Morgan Young-Gilmore 970-589-5708

1452 19 Road –

both a living room and family room and a cozy gas fireplace. The enclosed back porch adds extra space for visiting or enjoying a cup of morning coffee. Buy with confidence – home inspection report available upon request.

Grand Valley Homes

2361 GOLDEN APPLE DRIVE | $629,900

4 Bedrooms | 3 Baths | 2-car Garage | 2123 sq. ft.

Hard to find 4 bedroom home! Get inside this lovely home and see all the charming details for yourself! Open and spacious living area with low maintenance wood laminate flooring. Incredible kitchen with tons of cabinetry, quartz countertops, stainless steel appliances, large center island and HUGE walk-in pantry. The primary suite features a gorgeous walk-in tiled shower and very spacious walk-in closet. The large 13x19.9 bonus room/4th bedroom has its own private bath. Enjoy your beautifully landscaped backyard from the large covered patio, or around the gas firepit! Walking distance to Appleton Elementary school and close to many other amenities!

395 COOP COURT #B | $374,900

3 Bedrooms | 2 Baths | 2-car Garage |1345 sq. ft.

Just the home you have been looking for! Come check out this darling home that features low maintenance interior and exterior. You will love the open and bright living space. Huge windows allow for natural light to shine! Low maintenance wood laminate flooring. Open kitchen with center island and stainless steel appliances. Split bedroom design. Private primary suite with spacious walk-in closet. Xeriscape front yard. Small grass area in the backyard. Enjoy the upcoming summer evenings on your private back patio!

435 32 ROAD #833 | $119,900

3 Bedrooms | 2 Baths | 1-car Carport | 1216 sq. ft.

Seller will pay first 2 months of lot rent for new owners!! This darling home is perfect and ready for you! Newer carpet in living room and bedrooms, new furnace in 2024, new tankless hot water heater in 2021. Enjoy the hot summer days with the cool central air. All appliances stay, new skylight in primary bath makes this room so light and bright! All appliances stay, including the washer and dryer. Private front porch to enjoy the cool evenings! Mature trees provide tons of shade. Spacious storage shed stays. Split bedroom design. Spacious kitchen with ample cabinets and storage. The primary suite has soaker tub and spacious walk-in closet. Convenient locations close to schools and shopping.

New Homes STARTING IN THE $380s

New Construction on Orchard Mesa

• Affordable Living – Enjoy quality homes at a reasonable price in this new subdivision.

• Spacious Lots – Large 8000+ square foot lots provide ample space for your needs.

• Variety of Floor Plans – Homes starting at 1280 sq. ft., suitable for various lifestyles.

• Durable Exteriors – Low maintenance stucco and stone finishes ensure long-lasting beauty.

• RV Parking – Select lots come with generous RV parking spaces.

Scenic Views: Experience incredible views from your home.

Convenient Location: Close to numerous amenities for your convenience. Recreational Proximity: Just minutes away from the scenic Chipeta Golf Course.

Let me help make your Real Estate Dreams become a reality!

Realtor Commission Changes Are Here — What They Mean for Homebuyers and Sellers

The National Association of Realtors (NAR) agreed to new rules around real estate commissions as part of a lawsuit settlement in March. As of August 17, they’re actually rolling out — and consumers face a deluge of confusion and conflicting predictions.

One narrative predicts a coming utopia for homebuyers: A price war will erupt, and commissions will plunge amid a new wave of competition among buyers’ agents. A competing narrative goes in the opposite direction: Under the new commission structure, buyers will realize they’re on the hook for thousands and decide not to use agents at all. NAR, meanwhile, has portrayed the changes as minor tweaks rather than a major shift.

The opposing narratives underscore just how complex Realtor compensation has always been — and how much more complex it just got. Here’s a look at the new commission structure and what it could mean for both homebuyers and sellers.

How Real Estate Commissions Used to Work

Traditionally, when a home seller hired a real estate agent to represent their listing, the seller agreed to pay a commission. The national average has been about 5 percent of the home’s sale price, typically split down the middle with 2.5 percent going to the listing agent and the other 2.5 percent to the buyer’s agent. (On a $400,000 home, 5 percent comes to $20,000, or $10,000 for each agent.)

Who Pays?

Even this has been a bit murky. Agent fees came out of the seller’s proceeds at closing, but it’s reasonable to assume that the seller adjusted their price accordingly — the fees were baked into the home’s sale price. And so the buyer ultimately paid, just not directly to the agents: That extra 5 percent was rolled into the home’s sale price.

What’s Changing?

The biggest change is that listing agents (the agents who represent home sellers) may no longer make offers of compensation to buy-side agents on any NAR-affiliated multiple listing service (MLS). In addition, a buyer’s agent must now have a written contract with a home shopper, clearly specifying their fee, before they may show that client a house. Until now, NAR encouraged but didn’t require written agreements between buy-side agents and buyers.

A federal judge gave preliminary approval to the settlement in April 2024, and the final holdout among the brokerages named in the suit — HomeServices of America, part of Warren Buffett’s Berkshire Hathaway — also settled in April. While final court approval is not expected until November, the rules took effect August 17.

Compared to the old model, the new version offers a greater level of transparency for consumers — homebuyers now will be fully aware of how much they’re paying for an agent’s services. “It’s always good when people understand what they are and are not paying for,” says David Druey, Florida regional president at Centennial Bank.

An important aspect of the new model for agents: While the new rules prevent listing agents from posting buy-side commissions on the MLS, as they used to, sellers and listing agents still can agree on the amount off the MLS. That means it’s OK to offer compensation amounts verbally, in emails or texts, and even on their brokerage’s own website, as long as it’s not done on the MLS.

“Although sellers can elect not to pay any buyer agent compensation, that doesn’t mean they will avoid the economics,” says Budge Huskey, president and chief executive of Premier

Sotheby’s International Realty in Naples, Florida. “Buyers may easily write into any offer a contingency requiring that the seller cover the cost, or may request other concessions, such as closing cost assistance in the dollar amount they are paying their representative.”

Does This Mean Real Estate Commissions are Now Negotiable?

Technically, real estate commissions always have been negotiable — a theme NAR long has stressed. Practically, though, the picture gets complicated. In many cases, Realtors are more skilled at negotiating than their clients, so the consumer comes into the negotiation at a disadvantage. What’s more, the buyer’s agent commission was previously determined by the seller, not by the buyer. The new rules shift that responsibility to buyers, who now will discuss compensation directly with the agents representing them.

Is This Good or Bad for Consumers?

Until we see how things shake out over time, the answer really depends on who you ask. Some foresee a near-nirvana for consumers: Vishal Garg, CEO of mortgage company Better, predicts the settlement will unleash a “buy-side price war” — buyer agents will begin competing fiercely for clients.

Others fear a darker turn. Ken H. Johnson, a real estate economist at Florida Atlantic University and a former real estate broker, says the new rules just add another layer of complexity to an alreadyconfusing process.

“No longer advertising buyer agent commissions will only create a more confused and drawn-out transaction process as buyers, sellers and agents will have to negotiate the fee, who will pay for it and how much will be paid by each party,” Johnson says. “Due to this added level of complexity, buyers will almost certainly have to negotiate with more sellers before they find the deal they are satisfied with. Thus, the house-hunting period will extend for the average buyer.”

Concerns for First-time Buyers

Many in the real estate industry worry that first-time homebuyers — those who need expert guidance the most, and who are already severely hampered by high prices and high mortgage rates — will be priced out of professional representation. If commissions no longer come out of the seller’s proceeds, the thinking goes, buyers won’t have an additional $7,500 or $10,000 to pay an agent.

“Most of those buyers are scraping the barrel to the bottom to come up with a down payment,” says Dave Liniger, chairman and co-founder of RE/MAX. (The firm was one of the large brokerages named as defendants in the suit along with NAR; RE/MAX settled last year for $55 million.)

For now, buyers can’t roll commission costs into their mortgages under the new rules. But industry players widely expect the Federal Housing Finance Agency, overseer of mortgage giants Fannie Mae and Freddie Mac, to change those rules.

“I think there’s going to be pressure on them to allow that,” Liniger says. “The industry needs first-time buyers.”

Indeed, NAR already has been attempting to nudge the mortgage industry in that direction: “We are talking with Freddie and Fannie to see what can be done,” says Lawrence Yun, NAR’s chief economist.

Bankrate guides savers and spenders through the next steps of their financial journey. Whether you’re buying a home, paying off a loan or saving up for college, they offer free tools and resources to help you reach your goals. Learn more at bankrate.com.

Sandstone Realty, LLC

(970) 201-4050 bewalker74@gmail.com

1150 Marigold Avenue •

$552,500

Located in the Village at Country Creek, this detached rancher is a split bedroom design with three bedrooms or 2 bedrooms w/office, formal dining room, nook off kitchen, 1 3/4 baths, black stainless appliances in kitchen, separate laundry room with washer, dryer and utility sink, and two car garage. South facing enclosed patio off living room overlooks backyard partially fenced and backs up to an open field which deer frequent. Call for more details on #OE24-95-02.

1153

Primrose Lane

• $448,500

Rancher in 55+ community, built in 2004, this home offers three bedrooms, 2 baths and two car garage.  Country porch with swing and private patio off dining room with gate to driveway. Living, dining, nook and hall to bedrooms with prefinished hardwood, tile in the kitchen and both baths.  Corner gas log fireplace in living room.  Kitchen with all appliances (gas range), oak cabinets and formica countertops, separate pantry and access to two car garage.  Primary bedroom 15x12, primary bath with double vanities, walk-in shower with seat, walk-in closet and separate closet for linens.  Two other bedrooms and guest bath with tub/ shower combo and pedestal sink. This home has solar.  Sold “AS IS, WHERE IS “. For more information call on MLS #20233788.

Snowdrop Court Subdivision

• Only 12 Lots

• One Home Sold, Four Other Homes in various stages of construction

• All homes are 3 bedrooms, 2 baths and two car garage

• Homes can be customized on the interior to suit your needs

• HOA fee is TBD and will include all landscaping, maintaining shrubs, trees, lawns, irrigation system and snow removal

• Lots 4, 8, 9 under construction

• Lot 7 is sold

• Lot 6 is under contract

• Lot 5 model home

• Lot 10 reserved

• Lot 11 reserved

• Lot 12 reserved

Directions: I-70 to Fruita, North off exit to Ottley, Right on Ottley, Left on Pine, Right on Sunrose, Left on Periwinkle Lane, then left on Snowdrop Court. Call for details.

* This subdivision is not associated with Village at Country Creek

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