RE/MAX Alliance Greenly 1275 58th Avenue, Suite A Greeley, CO 80634 (970) 669-1234 December 2022 Real Estate Market Report GOVERNOR’S RANCH Published by REAL Marketing (RM) | www.REALMarketing4You.com 858.952.4280 | ©2022 PRESORTED STANDARD US POSTAGE PAID REAL MARKETING Each Office Independently Owned and Operated. WE HAVE HELPED A TOTAL OF 33 BUYERS AND SELLERS IN GOVERNOR’S RANCH! www.OwnThisHomeTeam.com www.OwnThisHomeTeam.com Billie Jo Downing REALTOR® ABR, CDPE, CNE, CNHS, CRS, ePRO, GRI, RCC, SFR, SRES 2007 Realtor of the Year 970.481.4150 BillieJo@OwnThisHomeTeam.com Kathy Scribner REALTOR® ABR, CDPE, CNE, CNHS, ePRO, GRI, RCC, SFR 970.669.4175 Kathy@OwnThisHomeTeam.com PREPARED ESPECIALLY FOR Your Governor’s Ranch Real Estate Specialists Presented by BILLIE JO DOWNING & KATHY SCRIBNER Save the Date Leonardo and Angelica Washington
No
970.481.4150
BillieJo@OwnThisHomeTeam.com
Kathy Scribner
970.669.4175
Kathy@OwnThisHomeTeam.com
SELLER PAID TEMPORARY BUYDOWNS HELPS BOTH SELLERS AND BUYERS
The market is shifting. But it’s still a good market to sell or buy. While interest rates have been rising, most experts believe the rates will come down in 2023. We have tools to help both Sellers and Buyers!
A Seller Paid Temporary Buydown can position your listing above the competition by lowering your buyer’s interest rate over a set amount of time. This can be offered upfront in marketing your property or can be used in lieu of a price reduction. Here’s how it works:
Leonardo and Angelica,
This market report was created especially for you. If you are thinking of making a move to your next dream home, contact us at 970.481.4150 or 970.669.4175 for a free market analysis of your home.
Homes Sold Recently in Governor’s Ranch
The Seller offers $10,660.00 as a Seller concession to the Buyer. The Buyer still has to qualify for the higher interest rate but realizes savings in years 1 and 2. The “Subsidy” resides in the Buyer’s Escrow account and subsidizes the monthly payments. If the Buyer refinances into a lower rate prior to year 3, whatever is left in the Subsidy balance is refunded back to the Buyer.
This can be an attractive option for both Buyer and Seller compared to a permanent buy down or reduction in sale price.
CONTACT US TODAY TO DISCUSS THIS FURTHER.
HAPPY Holidays! May the Holidays Bring You Peace and Happiness Throughout the New Year! - Own This Home Team As your Governor’s Ranch real estate experts, we take pride in representing the community and protecting its home values. We look forward to another year as your trusted local resource for any of your real estate needs! Status Address Beds Baths Est. Square Feet Year Built List Price Sold Price Sold Date Sold 155 Ridge Road 5 3 3,212 2001 $519,000 $510,000 11/04/22 Sold 134 Ridge Road 4 3 3,260 2002 $549,900 $549,900 10/07/22 Sold 301 Surrey Ridge 5 3 3,675 2017 $595,000 $595,000 09/30/22 Sold 26 S Mountain View Drive 4 4 3,910 2016 $610,000 $610,000 09/30/22 Sold 1356 Plains Court 5 4 3,783 2005 $575,000 $575,000 09/07/22 Sold 1345 Settlers Drive 6 3 3,391 2013 $550,000 $565,000 09/01/22 Sold 1566 Plains Drive 5 3 3,964 2015 $630,000 $700,000 05/20/22 Sold 262 Settlers Drive 5 3 3,424 2001 $535,000 $545,000 04/18/22 Sold 1570 Colorado Parkway 6 4 4,008 2017 $625,000 $620,000 12/30/21 Sold 242 Settlers Drive 3 2 3,294 2001 $449,000 $450,000 11/19/21 Sold 1633 Carriage Drive 4 4 4,126 2015 $600,000 $600,000 10/12/21
25 Years!
Living, Loving, and Promoting Our Community's Value for Over
One in the World Sells
Real Estate than RE/MAX! Billie Jo Downing, Kathy Scribner, and RE/MAX Alliance are not in any way affiliated with Governor’s Ranch Owners Association, nor is this in any way an official advertisement or publication of Governor’s Ranch. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the IRES MLS between October 12th, 2021 and November 10th, 2022. Listings and sales may not be those of RE/MAX Alliance. The IRES MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.
Currently Under Contract or Pending in Governor’s Ranch Status Street Name Beds Baths Est. Square Feet Year Built List Price List Date Pending Plains Court 3 3 3,686 2003 $609,900 09/20/22 GOVERNOR’S RANCH
REPORT
Currently Listed in Governor’s Ranch Status Street Name Beds Baths Est. Square Feet Year Built List Price List Date Active Ridge Road 4 3 3,339 2002 $558,000 10/21/22 www.OwnThisHomeTeam.com Billie Jo Downing REALTOR ® ABR, CDPE, CNE, CNHS, CRS, ePRO, GRI, RCC, SFR, SRES 2007 Realtor of the Year
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Loan Amount: $460,000 Rate: 6.875% Term (years): 30 years Monthly Payment: $3,021.87 2/1 temporary buydown: This one lowers your interest rate by 2% for the first year and 1% in the second year. You’ll reach your full monthly payment in your third year. Years Effective Rate Monthly Payment Monthly Subsidy No. Pmts Yearly Subsidy 1 4.875% $2,434.36 $587.51 12 $7,050.12 2 5.875% $2,721.07 $300.80 12 $3,609.60 3-30 6.875% $3,021.87 Total Subsidy $10,659.72
