Should I Sell or Refinance?

Tammy Craig Owner and Broker at Fruit and Wine Real Estate

Tammy Craig/Owner

Does one sell or refinance?  Interest rates are low.  The market is booming.   How do you decide?  The internet today is designed to grab consumers, but what if you are not ready to be grabbed?  It is tough to find general information today without your click being broadcast far and wide to available lenders and they start calling.  In this post, you will find general rules of thumb to answer this question.

The first, and most important question is the length of time you plan to live in the home.  How long will it take you to re-coup the cost of refinance?  Will the monthly savings make a difference in your comfort level?

Your local lender is the best place to begin.  Lenders are often paid on commission, like realtors, but I have found the majority are in the business to help people.  They are happy to answer questions, no strings, other than the good will created will bring you back when you are ready to turn the page in your life.

Your local Realtor can help you with questions regarding replacement costs, market value for your home, and current real estate market climate.  I went to a listing appointment and after listening to the seller’s concerns the seller found it was in their best interest to pull money out of equity, use that money to pay upgrades and personal credit amounts, and keep the home.  The refinance allowed them to pay off the home sooner, make their payments lower than the previous payment before refinance.

There are many mortgage calculator apps online to play with numbers and test the waters before you make an official appointment.  However, an app doesn’t hold a candle to sitting down with the professionals to get real life answers to meet your personal need.



What’s in a name?

realtor in fruita colorado

Tammy Craig/Owner

The buzz in the Real Estate community is telling your story.

At Fruit & Wine Real Estate we have been telling the story since 2004.

In 2003 I was looking for property in Palisade and my Realtor had a listing in the Palisade area.  I never thought about selling Real Estate but I needed a job.  As often happens when Realtors and clients drive around for days looking at property,  she and I got to talking.  She told me about the Mesa Land Trust and their work to conserve farm ground.  She talked about Palisade’s  “prime and unique” agricultural ground.

She said she wanted to open an office in Palisade.  I knew how to open a business and she knew Real Estate.  She taught me Real Estate and I helped her realize her dream.

I bought Fruit & Wine Real Estate from her in 2007.  80% of my selling activity is right here in Palisade.

Since 2006 Fruit & Wine Real Estate has been #1 either in a number of units sold or volume sold, and we consistently have the #1 and 2 in agent ranking for the Palisade area.  That says something when you consider F&W is 2 to 3 agents at any given time.  The big boys are 50 to 60.  We focus here and it shows, in our work and in our name.

I have a choice any given day; move my license to Grand Junction or stay in Palisade and be small, local, and focused.  I choose Palisade every day.