Your home and other real estate investments often represent one of your largest assets. Similar to an annual wellness physical, as a property owner, you can benefit from an annual review of your real estate investments.
What exactly should a real estate check up cover?
Typically, it involves meeting together to review an update on the current market value of your home and other properties, and information on the local real estate market. We will review questions such as:
- If you were to sell your home today, what would the value be and how much equity is there?
- What homes are on the market that might interest you?
- If you’re considering any renovations, how much would that impact your home value?
- What are the trends in the real estate industry? Are values in the local housing market increasing, decreasing, or remaining stable?
- What are your short term and long term goals?
- Are you anticipating any life changes, such as a change in marital status, a new child, older children leaving the home, or perhaps a parent moving in?
- If you don’t already own rental property, have you considered expanding your real estate portfolio?
Let’s Get Started!
During an annual real estate review, we’ll talk about market value in general, and specifically for your neighborhood and home. Property values in neighborhoods and communities appreciate at different rates. A current market analysis for your home and rental properties will help you decide if now is a good time to sell, or if it’s better for you to wait.
We will discuss goals and specific ideas for your short and long term plans.
It’s possible that a refinance of your current mortgage may be a consideration to help you accomplish your goals. Depending on the equity in your home, we can discuss the benefits of consulting with a lender about improving your current mortgage interest rate, eliminating mortgage insurance, obtaining cash to payoff other debt or fund other financial goals, such as a rental property acquisition.
In Colorado, you will receive your county property tax assessment later this year. We can review the county assessed value and determine if it’s in your best interest to challenge the value. This may have favorable impact on your real estate taxes. If so, you’ll be provided with appropriate data to submit to the county for further review.
Part of our team‘s on-going to commitment to you is to share information that will assist you with your real estate goals.