How Coronavirus is affecting the Economy and Bozeman Real Estate

We are right now in a unique situation not seen before. I thought it prudent to research how Coronavirus is affecting the economy and Bozeman real estate market

Our lives have changed drastically in the past week; kids are home from school, trips have been cancelled, gathering places closed. We also have anxiety about what is going on out there; not only do we have anxiety about being ill, or perhaps carrying the virus to someone who may be at risk for serious complications from the virus, but we also have anxiety about the fact that our financial world has been turned upside down.  This perhaps brings back bad memories of the 2008 crash and the recession that followed.

 

So let’s try and address some of these anxieties caused by the Coronavirus outbreak:

First of all, you are doing everything right if you are following the steps recommended by the CDC.  https://www.cdc.gov/coronavirus/2019-ncov/index.html  These steps are in your control and should keep you and your household healthy.  Do them and feel good about it!

At Windermere, we are fortunate enough to be backed up by a strong company with many resources.  Some of our financial and economic experts have reached out to us to explain how they see the economic impact of this and the effect on local housing market.

 

Following is a summary of likely effects of the Coronavirus to the US economy as a whole.

These were communicated by Matthew Gardner, Chief Economist for Windermere.

  • The Economy will contract. With the disruption to life, travel etc., we are all spending less money.
  • The Stock market has lost value as a result of the uncertainty of the situation and how long it will continue.
  • Home inventory on market will probably decrease in the next few months as people will not want others in their homes.
  • Buyers will want to take advantage of low interest rates but buying will probably decrease as well as people are uncertain about economy and some may need to wait for stock market to come back up.
  • Economists believe that towards Q3 and Q4, economy and stock market will pick back up.
  • Mortgage interest rates will stay low however.
  • Housing as a sector is well positioned to come out of this positively.
  • Banking rules that were put into place after 2008 have protected housing and made sure that the upside down equity positions held by people then do not exist anymore.
  • Inventory will be tight as households are being created but not enough housing being built overall in US.

 

An analytical look at Coronavirus and Bozeman real estate:

  • Our area is positioned well to weather this kind of storm. We will see some impacts as noted above but we will also rise out quicker than other areas of the country.
  • Why? Our fundamentals are strong.
  • Bozeman area is noted as #1 in economic strength for micropolitan areas in US. https://www.prnewswire.com/news-releases/policoms-2018-economic-strength-rankings-for-933-communities-announced-300585848.html
  • We have had increased demand and not enough supply of homes for many years. This has meant that our median price of a single family home has gone from $329,000 in March of 2015 to $520,000 in February of 2020 and our months of supply has gone from 4.3 months in March of 2015 to 2.2 in February of 2020.
  • Our unemployment rate is very strong most recently being at 2.4% down even from a year ago when it was 3.%. The highest is has been since 2015 is 3.4%.  The interesting thing here is that US Federal Reserve puts natural unemployment at 2.5-3.5% as people move around, change jobs etc.
  • Bozeman is a unique place to live as we all know and why it attracts so many new residents each year. Our quality of life, access to the outdoor activity, ability to earn a living make it truly distinctive.  This will not change.

 

In the immediate future, what will happen?

  • We will have at least two weeks of social distancing to help prevent the spread of this virus.
  • Diagnosed cases will rise because of increased testing.
  • The strategies that the CDC and government have recommended to prevent spread will work.
  • There will be positive news about a vaccine for the future.
  • Discomfort and anxiety will continue in our lives and in the financial markets until things become certain and we have started to see decreasing cases.
  • There is a massive fiscal stimulus coming that is pointed at people and industries most affected by this.
  • Recovery will happen relatively quick as our US economy fundamentals are strong.

 

I will continue to update my blog MoveMeToMontana.com with more information and analysis as I get it.

A disclaimer – I am not an economist but am culling information from economist’s opinions and presenting factual statistics about Montana.  However, one should read this article about how Coronavirus is affecting the economy and Bozeman real estate market as my opinion.   I have curated the information and summarized it in this piece.

Stay healthy and please do what you can to help local businesses!  Shop online with them, order take out, buy gift cards.  They really need our help right now.

 

 

 


Posted on March 19, 2020 at 12:21 am
Liz Nitz | Posted in Living in Montana, Real Estate in Montana | Tagged , , , , ,

Bozeman Real Estate Statistics

Bozeman Real Estate Statistics

 

Presenting Bozeman Real Estate Statistics for the first two months of 2020!  And if anyone thought that we were going to have a slow winter in real estate, they would be incorrect.

 

Let’s start off with Median Sales Prices.

As seen below, we can see that all property type prices are off to fast start  with a roughly 8% increase over last year. To put things in greater perspective, the February numbers of 2018 and 2019 for median sales prices were : 418,000 (2018) 456,375 (2019) for Single Family Home, 253,000 (2018) 289,900(2019) for Condos, 305,000 (2018) 334,950 ((2019) for Townhomes.

 

Days on Market

To fill in our view of the real estate market in Bozeman, let’s take a look at how quickly inventory is moving off of the market or being sold.  We typically measure this by the absorption rate which we call Days on Market.

 

Here we see that Single Family DOM is down 16.7% or has gone from 24 days last year to 20 days that year, reflecting healthy demand that builders are not quite keeping pace with.  There is better news with Condos and Townhomes as those Days on Market have actually increased a bit.

 

How much supply is there?

To finish rounding out our view of Bozeman Real Estate Statistics, let’s look at how many months of supply we have at the moment.  Again here we see a modestly declining inventory of Single Family Homes with increasing inventory of Townhomes and Condos.

 

Coronavirus

One note on the coronavirus.  Currently the coronavirus has not impacted the Bozeman real estate market except to drop home interest rates precipitously so that they are at lowest levels in 50 years!  This certainly will rachet up demand as potential buyers look to take advantage of lower interest rates to afford more house or have a lower mortgage payment.  Keep an eye on my blog as the picture becomes more clear and the medium and longer terms effect come into focus.  For more on interest rates, try this website.  http://www.mortgagenewsdaily.com/

These numbers in this report reflect sold pricing. Remember that Montana is a nondisclosure state so only licensed real estate professionals can access accurate data.  If you would like to dive deeper into market trends or specific price categories, please reach out and let’s have a conversation!

 

I hope you found this helpful – please pass it on and check out my other blog posts at MoveMeToMontana.com.

 

 


Posted on March 10, 2020 at 9:07 pm
Liz Nitz | Posted in Real Estate in Montana | Tagged , , ,

Creating Wealth as a First Time Home Buyer

Over the weekend, I taught a first time home buyer seminar.  I love helping first time homebuyers get into their first home because it means so much not only emotionally but also financially. It is the start of a secure financial future that can help you all the way through your retirement.  Now is a particularly good time to purchase a home as interest rates are at multi year lows, inventory is better than it has been in a while, prices are still increasing but at a less rapid rate and there are plenty of low downpayment programs and down payment assistance options.

I want to focus today’s blog though on exactly how and why you are creating wealth as a first time home buyer and is an important building block of your portfolio and financial future.

The example that I used in the seminar is pictured on this white board photo and I will bullet point it out so it makes sense.

Case #1 – Rent

First assumption is that a person rents an apartment for $1000 a month.

The $1000 goes to the landlord.

The benefit received by the renter is a place to live.  The renter is not paying off a larger debt to eventually own the home outright. ( Unless this a very rare lease to own situation)

There are no tax benefits associated with paying rent.

Case #2 – Purchase home with financing , usually from a financial institution.

This person has purchased a home with lender financing and pays $1000 a month to the lender.

What happens to that money is the interesting part

Part of it (I am using $500 a month in my example below) goes to the bank as interest to pay the bank for using their money.  But the other part of the $1000 payment goes to pay principal on your loan.  Principal is the part of the purchase price that you borrowed to purchase that house. Every principal payment increases your ownership in the house as you owe the bank less with each payment you make.
In my example, $500 a month goes to principal which turns into $6000 a year.  In the space of one year, you have will have reduced your debt by $6000 and that continues for as long as you have that loan.

So that’s a bit of wealth creation right there as you own more and more of a valuable asset.  The money that you pay off is considered your equity in your home.

But that’s not all…you will also be able to take advantage of an appreciating real estate market.

I know we all like to complain about rising home prices but did you think that the flip side is that if you actually own a home with the help of a lender, the rising home prices increase the value of your home too!  And guess what, the bank doesn’t get any of that, its all yours!

You may not touch that equity and wealth for many years but you may want to consider what it can do for you.

Some examples :

  • The equity that you earn simply by paying your mortgage and letting your home appreciate may provide a large down payment for your next home, say if you needed another for a growing family.
  • It can help pay for a second home or an investment property
  • The equity from the first home may help pay for kids schooling
  • It can serve as nice retirement nest egg

 

To recap the benefits that one gains from paying a mortgage over rent:

  • The interest portion of your payment is tax deductible
  • The principal portion of your payment pays off debt (good for the credit score), increases your ownership in that house and creates wealth as your equity builds
  • The value appreciation which increases your equity in that home belongs only to you, not the bank.
  • You have a solid financial wealth tool that can be used later for when you need it.

That first home with very little down can be a springboard to financial security down the road.  Purchasing a home is really one of the best leveraged investments you can make.  Now is a great time to take advantage of this just because of the all of the positive market conditions and available money at low rates.

Please reach out and let’s talk more about more about creating wealth as a first time home buyer!

 

Check out my website and blog https://movemetomontana.com

For more on mortgage rates, check here  http://www.mortgagenewsdaily.com/reports/newsletter

 

 


Posted on February 10, 2020 at 2:38 pm
Liz Nitz | Posted in First time home buyer real estate, Real Estate in Montana | Tagged , , , , ,

First Time Homebuyers – 2020 is YOUR year to purchase your HOME!

First Time Homebuyers – 2020 is YOUR year to purchase your HOME!

Let’s just say that the stars are aligning for first time homebuyers. Market forces are good as we are entering a more balanced market that we have not seen in years.  In addition, there is an abundance of programs to help the first time homebuyer get into that first home in 2020.

Let me explain why:

Low Downpayment Programs

There are VERY generous programs out there to help with qualifying the first time homebuyer for a purchase with a low downpayment.

    1. FHA loan program: A loan insured by the Federal Housing Administration. Good for those with low credit scores and little money saved for a down payment.  https://www.hud.gov/buying/loans
    2. USDA loan program: A loan program 100 percent guaranteed by the U.S. Department of Agriculture for lower-income borrowers in eligible rural areas.  https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program
    3. VA loan program: A loan backed by the U.S. Department of Veteran Affairs that allows no down payment for military personnel, veterans and their families.  https://benefits.va.gov/homeloans/
    4. Good Neighbor Next Door buyer aid program: A HUD program that provides housing aid for law enforcement officers, firefighters, emergency medical technicians and teachers.  https://www.hud.gov/program_offices/housing/sfh/reo/goodn/particip
    5. Fannie Mae or Freddie Mac loan program: Conventional loans backed by Fannie Mae or Freddie Mac require 3 percent down. Good for those with strong credit.
    6. HomePath ReadyBuyer Program: A program that provides 3 percent in closing cost assistance to first-time buyers. Must complete an educational course and buy a foreclosed Fannie Mae property.
    7. Energy-efficient mortgage program: Backed by FHA or VA loan programs and allows borrowers to combine the cost of energy-efficient upgrades onto a primary loan upfront.
    8. FHA Section 203(k) loan program: Borrow the funds needed to pay for home improvement projects and roll the costs into one FHA loan with your primary mortgage.

Downpayment Assistance Programs

On top of the low downpayment programs, there are actually programs that will grant the first time homebuyer part of the downpayment!

    1. Montana Neighborhood Lift – Down payment assistance up to $12,500 for service members. https://www.montanalift.org/
    2. Montana Board of Housing deferred or Bond Advantage Program can provide up to $10,000 https://housing.mt.gov/Homeownership/Lenders/Down-Payment-Assistance
    3. HRDC Road to Home offers up to $30,000 .  https://thehrdc.org/how-we-help/housing/down-payment-assistance/
    4. Dream Makers Grants for Veterans – Offers up to $5000 . https://www.penfed.org/learn/mortgage-programs-for-veterans
    5. There are also local and state programs that can help get you into a new home!

Other Positive Factors for First Time Homebuyers

  1. Prices in the SW Montana area are leveling off and slowing their rate of increase. See my blogs for up to date information on real estate trends!  https://movemetomontana.com/montana-blog-real-estate-trends
  2. Inventory is good and days it takes to sell a home has risen.  We are approaching a balanced market where everything is not weighted towards the seller.
  3. Mortgage rates themselves are quite reasonable and are actually down from a year ago.

Free Seminar for First Time Homebuyers

This is a lot of information to digest.  To help, a mortgage broker, Kari Francisco (NMLS #1123666) from First Security Bank and I will be presenting a Seminar with just about everything you need to know to  purchase your home in 2020.  The seminar will take place on February 8 from 10 am – 12 Noon at the Windermere office in Downtown Bozeman – 135 East Main street.  PLEASE RSVP to liz@windermere .com or on my contact form at https://movemetomontana.com/as space is limited.

Pictured home is in Belgrade – check it out on this link. https://www.windermere.com/listing/MT/Belgrade/1308-Fozzie-Lane-C-58714/100542204


Posted on January 15, 2020 at 12:10 am
Liz Nitz | Posted in First time home buyer real estate, Real Estate in Montana | Tagged , , , , , , , ,

Belgrade 2019 Real Estate Trends

Belgrade 2019 Real Estate Trends

Belgrade December numbers are in!  Let’s take a look at the Belgrade real estate pricing trends of 2019, compare it to trends of previous years of 2017 and 2018 and  check the crystal ball for 2020.  The following numbers represent all sales in each category for each year and numbers are coming from the Big Sky MLS.

Median Sales Prices

First up are median sales prices.  I have divided these sales into Single family, Townhomes and Condos.  We see a not unexpected increase in median sold prices in all three of these categories BUT we also see a slowing rate of increase which is great news for buyers. This statistic bolsters the thought that the real estate market is becoming more balanced.

 

Median Price Per Square Foot

Second number I checked to confirm the median sales price slow down, was the median price per square foot. And I reached the same conclusion, that prices are indeed slowing their rate of increase.

 

Days On Market

To help round out the picture of the market conditions, I then took a look at days on market.  If days on market is a large number and homes are languishing on the market, then we would have certainly turned the corner to a buyer’s market.  But alas, this is not what I found and in fact, homes in all categories are still moving along at a good pace with a decrease in DOM actually found in the townhome category.

 

Looking Ahead to 2020

So what does this mean for Belgrade real estate pricing in 2020?  All indications currently point to a very similar year in 2020 as in 2019.  Mortgage rates are now very low (under 3.7% for conventional 30 year fixed!) which will make it attractive for people to consider a home purchase.  As seen below, Belgrade remains an attractive alternative to Bozeman and builders are building new homes, especially single family, as fast as they can.

Even with that though, there is still less than 3 months of inventory on the market.

I have attached a great listing that is representative of single family homes in Belgrade.  Thanks to Dina Emmert.  https://www.windermere.com/listing/MT/Belgrade/1547-Powers-59714/103416383

These numbers reflect sold pricing.  Remember that Montana is a non-disclosure state so only licensed realtors can access accurate data.  If you would like to dive deeper into market trends, please reach out and let’s have a conversation! Keep an eye on the blog at https://movemetomontana.com/  for more ongoing analysis. I hope you found this helpful – please pass it on!!

 


Posted on January 10, 2020 at 6:56 pm
Liz Nitz | Posted in Real Estate in Montana | Tagged , , ,

Bozeman 2019 Real Estate Pricing Trends

Bozeman 2019 Real Estate Pricing Trends

Bozeman December numbers are in!  Let’s take a look at the Bozeman real estate pricing trends of 2019, compare it to trends of previous years of 2017 and 2018 and  check the crystal ball for 2020.  The following numbers represent all sales in each category for each year and numbers are coming from the Big Sky MLS.

Median Sales Prices

First up are median sales prices – I have divided these sales into Single family, Townhomes and Condos.  We see a not unexpected increase in median sold prices in all three of these categories BUT we also see a slowing rate of increase which is great news for buyers and bolsters the thought that the real estate market is becoming more balanced.

Median Price Per Square Foot

Second number I checked to confirm the median sales price slow down, was the median price per square foot. And I reached the same conclusion, that prices are indeed slowing their rate of increase.

Days On Market

To help round out the picture of the market conditions, I then took a look at days on market.  If days on market is a large number and homes are languishing on the market, then we would have certainly turned the corner to a buyer’s market.  But alas, this is not what I found and in fact, homes in all categories are still moving along at a good pace with a decrease in DOM actually found in the single family home category.

Looking Ahead to 2020

So what does this mean for Bozeman real estate pricing in 2020?  All indications currently point to a very similar year in 2020 as in 2019.  Mortgage rates are now very low (under 3.7% for conventional 30 year fixed!) which will make it attractive for people to consider a home purchase.  Movement to the Bozeman area is expected to continue at similar rates (about 1500 people a year) as in previous years.

 

These numbers reflect sold pricing.  Remember that Montana is a non-disclosure state so only licensed realtors can access accurate data.  If you would like to dive deeper into market trends, please reach out and let’s have a conversation! Keep an eye on the blog at https://movemetomontana.com/  for more ongoing analysis. I hope you found this helpful – please pass it on!!

 

 

 


Posted on January 7, 2020 at 11:00 pm
Liz Nitz | Posted in Real Estate in Montana | Tagged , , , , ,

Is it a good idea to own a vacation rental?

 

I suppose the answer to this is complicated and really depends on one’s goals with the vacation rental, how much work one wants to put into the rental process and the cost / benefit analysis of purchase price and rental income.

 

I will use my vacation rental as an example.  We own a vacation rental on the Big Island of Hawaii at the upscale Mauna Lani resort.  We purchased it in 2014 when prices were still somewhat depressed from the great recession.  We put down 30% and have a second home mortgage with rate less than 4% for the rest.  We have large HOA (about 1400 per month)due to the fact that in Hawaii the HOA takes care of all exterior elements including landscaping, exterior paint, roofing, common areas such as fitness center, pool, beach club etc.  But considering we are not on island for 10 months of the year, we are happy to pay someone to manage all of that for us.

We advertise our home on Vrbo and Airbnb.  Those websites have changed a lot over the years and charge the renter more than they used to but people are still using them.  I have seen a huge shift in the past few years away from Vrbo and much more to Airbnb.  A general rule of thumb is that foreigners will use Airbnb as will younger (millennials and younger) Americans but baby boomers and some genX will use Vrbo.    It has been fascinating to watch this evolution.  We also do have quite a few return renters that will just contact me directly after their first year.

 

The big question that one has to answer which will directly affect if you lose money on the vacation rental itself or break even (assuming you have a mortgage), is how involved do you want to be with the management of your rental?  First thing you need to look at is the IRS code – https://www.irs.gov/taxtopics/tc415 and then discuss with your accountant.  You must take the rules of this very seriously.  There are a few more issues to discuss with your accountant as enumerated here: https://www.marketwatch.com/story/own-a-vacation-home-heres-how-the-new-tax-law-affects-you-2018-12-03  How much you can write off on your taxes and the passive activity loss is directly affected by your activity.

 

So what that means is that for the best tax benefit, you need to actively manage your vacation rental – that means taking the bookings, communicating with guests, keeping maintenance log, and doing as much of the work yourself at least to get up to the 750 hours per year.  If you have a booking agency deal with your guests, you are not actively managing your property and while you may have some tax advantage, it is no where near where it would be if you did it yourself.

 

Another large factor is just income vs expenses.   Before purchasing a vacation rental, I would check occupancy rates pretty carefully.  Can the home be rented all year long?   Are there seasonal adjustments in rates and what are the rates?  Does the number of nights rented per year times rate cover your expected expenses? What about the weather?  We picked our location on the Big Island partly because of its very strong rental history and the consistent weather.  It is always in demand as there is no rainy season, no mud season etc.  We are also rarely affected by flight delays as there is no snow coming this way.  As a result, we enjoy high rates of occupancy.

 

But to be in demand as a vacation rental, one has to maintain your home carefully.  Things cannot be broken, everything should be sparkling clean, it should be well equipped.  We regularly upgrade and repair elements in our home so it is pristine.  As someone who manages her own rental, I watch the reviews carefully and strive for perfect reviews every time.  The only way to achieve that is pay attention and make sure you visit your place.  In my opinion, anyone who is self managing needs to visit once a quarter at least.

 

Let’s take money out of the equation though.  What do you get for a vacation rental?  For us, we are happy to meet up with our family members who live apart from us in a place that has years of happy memories.  Even though we enjoy travelling to new places too, there is something special about everyone knowing we are going to favorite place that is stress free – knowing what to expect has a lot to do with the lack of stress.

 

In the end, everyone needs to take a look at the cost benefit analysis and weigh the work against financial impact versus your happiness that you get from enjoying your second home.

Check out this website https://buyvacationrentals.net/ for more vacation rental purchase information!

 


Posted on December 12, 2019 at 2:56 pm
Liz Nitz | Posted in Real Estate in Montana | Tagged , , ,

Is the Big Sky real estate market too hot?

Today I am looking at pricing and real estate market trends in Big Sky Montana.  This should serve to round out one’s perspective on real estate in southwest Montana – check my blogs on November 15 and 25th for more information on Belgrade and Bozeman. The four graphs below represent single family homes, condos and townhomes in 4 different price categories.  In the first graph, we see sold prices of homes below $295K.  You might think this looks like good news for buyers but if you factor in actually how many homes have actually sold and are on the market, you see that there are 2 single family homes listed and 9 condos.

In the next category seen below, we have homes from 295K to 512K.  In this category, pricing looks pretty flat in 2019.  But factor in that there are no single family homes and only 20 condos on the market currently.

In the next category seen below, we have home from 512K – 1.1M.  Things get a little interesting here as we see median prices for single family at 947K and condos at 752K.  Townhomes and Single family homes especially reflect pretty large increases this year which is, of course, a function of little supply and big demand.  As we sit today, there are 3 single family homes on the market right now and no townhomes but there are 24 condos in this price category available.

In the last category, we see everything over 1.1M.  And we see increasing prices this year in the single family and condo categories.  There are currently 56 single family homes on the market and 58 condos.  Clearly, this is where the developers and builders are concentrating and where they perceive the demand to be.

The Big Sky market is different than our other SW Montana housing markets as it is primarily made up of second homes.  The second homes are owned by mostly outsiders or non Montanans.  Their money has come from the booming economy and record stock market that we have seen in the past few years.  I think that as long as that continues, all will be good in Big Sky as it is a beautiful place with many amenities.  However, all economics are cyclical and at some point, we will have some kind of slow down in the US and world economy.  At that point we will see this Big Sky market slow as well and like most second home markets, it will probably take a bigger hit than primary home markets and take longer to recover.   All home buyers need to weigh the risk against their financial situation to evaluate whether a second home purchase in a place like Big Sky is a good decision.

These numbers reflect sold pricing.  Remember that Montana is a non disclosure state so only licensed real estate professionals can access accurate data.  If you would like to dive deeper into market trends, please reach out and let’s have a conversation!  I hope you found this helpful – please pass it on!!

 


Posted on December 2, 2019 at 7:29 pm
Liz Nitz | Posted in Real Estate in Montana | Tagged , , ,

Pricing Trends in Belgrade – Good news here!

As promised, I have put together a follow up to my post about Price trends in Bozeman and have applied a similar analysis to just single family, condos and townhomes in Belgrade. Compare these notes to my Blog about Bozeman Pricing trends published on 11/15.  I had to change the price parameters a bit because the majority of homes sold have lower prices than those of Bozeman homes.

In the first graph below which represents homes sold for 300K or less, we see townhomes and single family home prices leveling out a bit in the second half of 2019 while townhomes have actually taken a little jump in the past few months.  In the second graph which represents home pricing from 300 – 400 K, we see single family homes pricing fairly flat this year with even a slight decline.  Condos took a big jump at the beginning of the year and then leveled out.  In the last two graphs, there are no sold townhomes or condos over 400K and we see mostly flat or decreasing prices in single family homes over 400K.

An interesting note and juxtaposition to pricing as it relates to supply and demand, is how many homes are on the market in each category.  In the less than 299K category, condos and single family home listings for sale have decreased by 20 and 40% respectively this year but townhomes have increased by 25%.  In the 300-400K category, single family home inventory was at 39 homes which indicated a rise of 39.3% and perhaps leading to the softening of the market pricing in that category.  Inventory in the 400-550K category also increased by 66% however that means from 7 home to 15 homes available.  In the over 550K category, single family home inventory has increased by 10% but that’s only about 3 homes.  My advice to a buyer would be to utilize the VERY low mortgage rates right and go look at  single family homes.  There is enough inventory for sale that I think you would do well in a negotiation.

These numbers reflect sold pricing.  Remember that Montana is a non disclosure state so only licensed real estate professionals can access accurate data.  If you would like to dive deeper into market trends, please reach out and let’s have a conversation!  I hope you found this helpful – please pass it on!!

 

 

 


Posted on November 25, 2019 at 4:19 pm
Liz Nitz | Posted in Real Estate in Montana, Uncategorized | Tagged

Why Windermere?

 

There are quite a few options out there when choosing a real estate agent to help you sell or purchase your home.  Why should you choose Windermere?

 

I write this blog having been a Windermere agent for 10 years in Seattle and having just joined the Windermere office in Downtown Bozeman.  Here are my reasons why I think Windermere has more to offer than other firms.

 

  1. Windermere is committed to providing their agents with the most up-to-date technology and tools to do their jobs. That means that you, as the client, have access to the most recent data and marketing techniques to accomplish your goals.  Did you know that the Windermere company has a Chief Economist on staff who interprets past data but also does economic projections so we are ahead of the trend curve?  And in these turbulent times, who doesn’t need a little help making sense of it all?
  2. Windermere offices and their agents are committed to their communities. Every agent donates money to the Windermere Foundation which then distributes money and help to local charities.  Each Windermere office aligns itself with a charitable cause every year and sponsors Community Service Day to work for that cause.
  3. Windermere agents and their offices are woven into the fabric of the community they serve. Look around next time you are at a neighborhood meeting or chamber of commerce and I bet you will encounter a Windermere agent.
  4. Windermere is a family. While that may not seem important to a client, it is.  We receive all kinds of support from our office owner and the corporate entity that helps us be better agents.  We have educational opportunities not only on topics such as technology and trends but things like time management, work/life balance, social media training etc.  Our agents spend time together discussing and sharing obstacles, opportunities and successes.  You can be sure that a member of the family will always be supported by the rest of our office and our company.  We are all there for you.

 

I hope that you can see that I love Windermere and believe in its values as a company.  I believe that we are held to a very high standard by our company because they give us so much to work with and want the best agents in the community and marketplace working for them.  In turn, you get the best agents and the best company working for you!

 

All In, For You.

 

Take a look at this video that our office recently put together.  So much fun.


Posted on November 19, 2019 at 9:22 pm
Liz Nitz | Posted in Real Estate in Montana | Tagged