Signs of Market Cooling and What to Do About It

Posted on September 9, 2021 (September 9, 2021) by Barb Schlinker

This real estate market is still RED Hot with a lower-than-normal number of homes for sale. What signs of market cooling off should our listeners be looking for in the coming months?

Looking at Latest #s:

The Market is Still Very Strong
Inventory down by 61.3%
Only 815 Homes on the Market in 3 counties
Should be Over 2500 Homes on the Market

Number of Home Sales UP by 36.2%

Average Sales Price UP by $55,627 Since January

Could a Housing Market Correction be Here?
NO, But the RATE OF APPRECIATION WILL SLOW DOWN…HOW?

INTEREST RATES RISING
Fed already announced – Result:
¼ % bump in rates

ZILLOW FORECAST:

Home Sales up by 4.8% Nationwide (25% here)
- Forecast down from previous due to:
- Lower Pending Sale Figures
- Lower Mortgage Application

ZILLOW FORECAST:

Next Year
Rate of Appreciation down from 23% to 12%

If You Are Thinking of Selling, NOW is the Time to Command Top Dollar.

We are talking about some indications the market could be softening, what are some other things potential home sellers should know?

Peaked early May – 300% in Average
Lumber Prices down 30%
Increase in Lumber Prices Added:
$36,000 to the sales price of a new home!

Real estate is all about supply and demand. The justification that Real Estate Pricing Surges Will Continue? Housing Costs more Expensive.

BIGGEST INDICATOR ON DEMAND: INTEREST RATES!

Define Bubble:

WE ARE NOT IN A BUBBLE
Indications of a Decline in Demand for Homes
New Home Building is Surging Record Levels
Eviction and Foreclosure Mortarium’s Rolling Off at End of June
All Happening at ONCE

We Are STILL IN a STRONG SELLERS MARKET

Can you Sell AS IS?
Yes, but you Get Top Dollar Making your Home MOVE IN READY! ~

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Barb went above and beyond to help sell our house. Great communication, very professional & knowledgeable, she has a great team working for her. Incredible service, we give her a 10 out of 10, score. We definitely would recommend her! We have dealt with a lot of realtors and Barb and her team are at the top of the list. Thank you, Barb!!!

1875 Brookdale Dr, CS, CO 80919 - Craig & Nicky M

We heard about Barb Schlinker from her Radio Show and having been in the sales business we were very impressed. Barb and her team did a great job managing all the many showings and ultimately a great sale. The result could not have been better. We became friends with the buyer and the whole process exceeded our expectations. Barb's team was able to quickly respond to showing feedback to help get us the over full priced sale. From the recommendation to her trusted vendors that went well to the consistent and frequent communication from Barb and her team - it was a pleasure to do business with her. Steve & Crystal

K MAC

We heard about Barb on the radio and asked her to help us sell mine and my Mom’s home next door. She helped us prepare our homes for sale so they showed really well. Barb had at least 80 people in at the Open House and both homes sold for way over asking price in just a few days. Her team helped with the entire process and we were able to make our next move as scheduled.

8224 & 8232 Timothy Ct

This was certainly my most pleasant real estate experience. Honestly Barb and her team are exceptional. Any question or concern was taken care of and she sold for 12% over asking price. I wish Barb worked where I’m moving so that I could hire her again. This is coming from someone who has purchased several homes. By far she is the best that I have worked with.

C K

After hearing Barbs radio ads and looking at her website, it was obvious Barb and her team has the best system for selling our home. Not only did she sell it for full asking price in just 6 days, but she made sure our home has a warranty for the buyer for 1 year after closing. It was so helpful that her team took care of a final move-out clean. It helped us easily plan our move and ensured the family enjoyed a stress-free move. We highly recommend Barb and her team to sell your home. Dale & Krystal

Krystal Wager

We called Barb a few months before we planned to sell to make sure the sale was timed to happen with our military transfer out of state. Barb made sure all the staging and photos were done to perfection, on time! Our home sold at over asking price in just 5 days! We highly recommend Barb!

4047 Charleston Drive – Diego & Diane Balderas

Barb and her team are exceptional to work with!

Tammy Becker

Barb has such great reviews online, I knew she was the right choice for me. She was so helpful and patient helping us get ready on our pace, helping plan our move and best of all she quickly sold the home for $50,000 over asking price in just a few days. Her team took care of all the final details for me, including re-purposing things I did not need so I could easily move to my next home.

Deborah Christian

I would definitely recommend Barb Schlinker if you are buying or selling your home. As they say, "If you think hiring a professional is expensive, wait till you hire an amateur", would you let some amateur handle your biggest asset? Hire a professional like Barb Schlinker and get quality on all aspects. Great work Barb!

RDave Sanchez

Barb was quick to set up a meeting with us to discuss a plan for selling our home. She was very well prepared with data to help help us determine a strategic selling price. The entire process moved along quickly and after listing our home and conducting a 1 hour open house, we had 5 offers. We sold for $25,000 over list price! Her team was very helpful and kept us informed throughout the process. Thanks so much!!!

Mark Lewis

It was time for us to downsize and we needed someone who could help us get the most amount of money for our townhome. Barb helped us decide what to do and what not to do get our townhome ready for sale. Our townhome sold for full price, setting a new high sales price in the community.

6133 Pine Hill Dr – Mike & Glenda Lux

We hired Barb to sell our home in Security. We accepted 1 cash offer within 30 hours of listing and it sold for $11,000 over our asking price. Her staff was wonderful and we were thankful for the use of her convenient moving truck. We highly recommend using Barb Schlinker to sell your home.

Dennis & Joan Musick

We talked to several agents but it was clear Barb has the best marketing to get us the most money. Best of all....she sold our home for at $30,000 over what the other agents said it was worth. We moved out and left the home in her hands. Barb and her team were amazing and we did not have to worry about anything. While we were enjoying family in another state, Barb's team sold our home and it closed in just 3 weeks! We highly recommend Barb and her team!

Dennis and Angie Snyder

Bard did a great job selling our house for over asking price! She was great at providing us with sound advice on pricing our home. She also told we we needed to worry about and what to not stress over.

James Heffron

Barb and her team were very easy to work with. They did an awesome job! We were under the gun for getting our house sold quickly, and Barb did just that. We got an offer after just one open house! Thanks again, Barb, for all your hard work and assistance. You and your team are amazing!

J. D. R. Hawkins

It was great to work with Barb and her team at Your Home Sold Guaranteed Realty. We received multiple offers, and our home sold swiftly for well over asking price! From the amazing photography and very successful open house, through the smoothly orchestrated closing process, we appreciated Barb's communication, expertise, professionalism and personalized attention to detail. We look forward to working with Barb and her team in the future, and highly recommend Your Home Sold Guaranteed Realty! Diane S

Diane Shaneyfelt

Although we weren't a current client, Barb was super-helpful in assisting us in preparing an Appeal of our current property tax assessment. She advertised that she would help anyone do this; you didn't have to be a current client selling or buying a home. She responded immediately to our phone call, and we communicated several times until we filed the appeal. Barb was most personable and welcoming and genuinely interested in helping us. We were able to file within a short time. We were so IMPRESSED that Barb was able to give us some of her precious time to do this, given her very full schedule and many clients.

Lance Beckett

We needed to sell our 3rd story condo so we could buy our ranch style home. The former agent we hired could not sell it and only suggested to lower the price to get it sold. We hired Barb and we are so glad we did. She helped us do some updates that would command the highest sales price and her team sold it quickly at the full asking price.

2949 Mesa Rd #C, - Keith & Lisa Sheldon

The whole experience working with Barb Schlinker and her team was extraordinary. From advice to prepare for sale, beautiful staging, support with moving and great communication, Barb is by far the best choice to sell a home in the Colorado Springs area.

Dave & Martha Pitts

It was refreshing to work with Barb and her team at Your Home Sold Guaranteed. She sold our home for $17000 over asking price in a short time and everything went smoothly. We loved how she took the time to measure the home to make sure it was marketed at the right size and the photos were amazing. Barb was able to get a huge crowd at the open house which got us several great offers to choose from. Then she handled the sales process every step of the way for us and make it simple and easy. We highly recommend Barb and her team.

Alan and Diane

We have bought and sold approximately 20 properties. No agent has even come close to the quality Barb offers. Her marketing was superb - generating 4 offers; and we had an accepted contract within a week, closing within a month. The icing on the cake though, is Barb herself. She's open, friendly, knowledgeable and most important, accessible ! Barb is worth ever dollar of the commission she will earn!

JoAnn Hodge

As an active duty Air Force member, it was great to have Barb throughout the years watching out for the property while I was away from Colorado Springs and abroad. When it came time to sell, I was very glad I had Barb to help. She not only attenitvely guided me the right way to get it ready for sale but with her great marketing she was able to help me sell it for $35,000 over asking price and all while I was mostly out of state. I very strongly recommend using Barb Schlinker and her team to sell your home.

Mark Dickinson

Barb sold our home in just 1 weekend for $40,000 over asking price, setting a new high sales price for similar sized Summerfield at Briargate homes. The entire experience from start to finish was great! We highly recommend using Barb Schlinker and her team to sell your home” Harry and Nancy

Harry Prantl

It was time for us to downsize and sell our Fountain home and move closer to our grandkids. We heard about Barb Schlinker on Richard Randall’s show. We hired Barb to sell our home in Fountain and buy another home. She sold our home sold for $5000 over asking price in the 1st weekend. Timing the move so we did not have to move twice was a challenge, especially because we had to complete an insurance claim from last summer’s hail damage. Barb’s team handled everything and was able to close on time and move straight into our new home. We highly recommend Barb Schlinker.

8354 Silver Glen - Sam & Tina San Miguel

I have been a regular listener to Barbs radio show for years. Before I met her, she made it easy to prepare me for the sale because of her radio show on KVOR. Barb then recommended a higher price than I expected on the home and went on to sell it for a whopping $100,000 over price. Her and her team handled all the details and make the closing go very smoothly." In addition, the house that I am purchasing, had a safety issue. Barb volunteered to step up and help out with it. I greatly appreciate her help.

James Collier

My experience listing my home for sale with Barb Schlinker has been exceptional from start to finish. Barb and her team are very professional and detail oriented. They did an excellent job staging my home, helping me with packing and removing furniture items I was unable to take to my new Florida home. Barb made sure that all aspects of the selling process went smoothly which gave me peace of mind. I would highly recommend Barb Schlinker to anyone looking to buy or sell their home.

Lori Anderson

Our townhome was getting too crowded for our family. Barb’s team helped us stage it, suggested some repairs to get the most money from selling. In just 1 week our townhome sold for the highest amount of any townhome in that neighborhood.

4047 Charleston Dr – Victor & Mrs Parades

Barb sold our townhome in 3 days at $6000 over asking price setting a new high price for the townhome complex. Her team made the process so smooth and easy. We highly recommend Barb’s team to sell your home.

5214 Dovetail Ln, Colorado Springs, CO 80916 – Kate & Greg Fall

Barb was great to work with; she returned calls and responded to texts and emails promptly, took care of a broken door lock, and kept on eye on our property after we had moved out of state. She also provided an inflatable mattress when she found out my husband was sleeping on the floor. We would recommend Barb to anyone wanting to sell their property.

Laura Rathke

Barb and her team were very easy to work with. They did an awesome job! We were under the gun for getting our house sold quickly, and Barb did just that. We got an offer after just one open house! Thanks again, Barb, for all your hard work and assistance. You and your team are amazing!

Lance Hartman

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