The home page of MSN or Yahoo is a love hate deal for me.  It is very easy to get distracted and off track of what I want to be accomplishing… 

Last night on Yahoo’s home page there was an article about Derechos which are kind of like a tornado, but it doesn’t spin.  Per wikipedia a derecho is:

http://en.wikipedia.org/wiki/Derecho

“A derecho (from Spanish: “derecho” meaning “straight”) is a widespread and long-lived, violent convectively induced straight-line windstorm that is associated with a fast-moving band of severe thunderstorms in the form of a squall line usually taking the form of a bow echo. Derechos blow in the direction of movement of their associated storms, similar to a gust front, except that the wind is sustained and generally increases in strength behind the “gust” front. A warm weather phenomenon, derechos occur mostly in summer, especially June and July in the northern hemisphere. They can occur at any time of the year and occur as frequently at night as in the daylight hours.”

Derechos most often occur in North America through the central plains region but can occur elsewhere.  To be a derecho it must be a thunderstorm with sustained winds of 58mph as opposed to gusts, they have reached up to 130 mph and can be both deadly and destructive.

I personally had never heard of them before, but per the Storm Prediction Center website they have never occurred in Montrose Colorado.

www.spc.noaa.gov/misc/AbtDerechos/derechofacts.htm

I figured it was blog worthy because I didn’t know about “them” and I think the lack of Derechos and Tornados (that can hit the eastern plains of Colorado) is just another great reason to buy a home and live in Montrose or at least somewhere you don’t have to worry about this kind of weather.

Montrose Colorado is a high mountain desert valley and is pretty protected from much of this type of weather because it blows over the top of us and or doesn’t have enough flat surface to develop. 

Weather in Montrose Colorado is much milder than the Denver or Colorado Springs areas which often get what builds up over the Rocky Mountains dumped on them as it comes over.

Barack Obama Speaks to the Nation

As the 44th President of the United States of America, Barack Obama said

“we must begin the work of re-making America“.  

To grossly pharaphrase he went on to say that ”we must restore science… use sun and wind… restore our universities… Some suggest we cannot tolerate big plans, but we have done it before. ” 
We must “take the shortest route to our common good…. Our founding fathers faced perils we cannot imagine… Those ideals still light the world and we will not give up for expedience sake…  Know that America is a friend of each nation and we are ready to lead once more…  Power alone cannot protect us… We will not apologize for our way of life or waiver in its defense..  Our spirit is stronger, you cannot outlast us and we will defeat you…. But the world has changed and we must change with it.” 

Enough of my lousy Obama paraphrasing… but I think there are some pertinent facts relative to Real Estate and even Real Estate in Montrose Colorado…

Should I Buy a House or Sell a House Now or Just Wait and Hang On?

Even after this well delivered speech of Baracks, I honestly have no better idea of whether the economy will improve from here before it worsens, or what time frame such economic changes might take…  but I think the “concept of change” is oozing from the ether,  especially in the USA but probably beyond. 

Hopefully this committment and desire for change will result in improved or renewed: spirit, ideals, standards, beliefs, faith & trust in our system and our country and our Real Estate, our homes and our investments.

I personally think now (if you have a job and can get a loan) is an excellent time to buy in most markets, there are Foreclosures, Short Sales, REO properties (ones the bank took back - stands for “Real Estate Owned” - go figure a bank term acronym)…  These properties are typically selling at a steep discount to the market, which is what causes the market to drop.  In otherwords, there is a flood of good priced opportunities on the market…  There are motivated sellers everywhere that are unemployed, or underpaid to support their lifestyle. 

This spells opportunity…

Buying or Selling (if trading up)

Opportunity for new people to move into their place and it may be hidden opportunity even for the people in trouble, being forced or asked to leave…. It might just be what gets them off the fence, what gets them to take action, get a new job, pursue their dream career, change directions… Start over…

It Makes Good Economic Sense to Upgrade Now

Even if you just think you might want a bigger house for that new kid, pet or friend… Now is a great time to trade up, because the higher end homes in Montrose have been harder hit than the lower end homes, so effectively even if you are down on your home at say 200K the home at 400K is down farther, so when the market returns… You make more equity back on your Home and/or Investment.  Obviously you only want to do this IF YOU CAN AFFORD IT…

Take Action -

With CENTURY 21 Action Realty and Chris Ormsbee

I don’t think it matters half as much what we do, or how we do it, but the fact that we do something to improve our current situation… 

Lets all be positive, try to accept or even embrace change, evaluate it, chew on it, if it doesn’t taste good after a while then spit it out and make suggestions on how to further spice it up to improve it… 

and most of all take some kind of action (preferably positive).   Action yields results!

Have a good day!

Montrose Colorado Realtor - Chris Ormsbee

AKA “Your Trusted Real Estate Advisor”.  If I am not already Your Trusted Advisor then I sincerely want to be.  Similarly if No Action on Real Estate is your Plan please recommend me to friends or family who might be looking to buy or sell a house or commercial property in Montrose Colorado.  

Great Home Deals Abound!!!

I am Chris Ormsbee.  I am a licensed real estate broker in the State of Colorado.  I am also a Realtor.  Do you know the difference?  A Realtor abides by the National Association of Realtor’s Code of Ethics and their local boards additional educational guidelines.

This is my new Real Estate Advice blog.  It is a compliment to my www.SoldCORE.com website that I also own but am revamping.  This blog domain name is www.YourCOREAdvisor.com. 

Whats with the CORE?  It stands for COlorado Real Estate.  Or if you like Chris Ormsbee Real Estate… Or COmmercial Real Estate.  Take your pick but this blog will NOT be strictly focused on Commercial or Colorado for that matter..  It will cover all aspects. 

It will include timely topics like foreclosure and owner carry financing.

If you have a question you would like answered please post it as a comment and I will try my best to give you a useful informative answer or direct you to someone that can.