Jay 's Blog

25K Price Reduction, Monument 3/2/2, NEW Kitchen

2008-10-07T11:16:51Z

Jay Carden | RE/MAX Properties, Inc | 719-322-4939

1525 Acorn Way, Monument, CO

PRICE REDUCED!!!Remodeled Woodmoor Home Surrounded By Large Pines
and Close to Town.

3BR/2BA Single Family House

offered at $324,900

Year Built	1979
Sq Footage	3,097
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	1
Parking	2 Car garage
Lot Size	.88 acres
HOA/Maint	$16 per month

DESCRIPTION

Huge PRICE REDUCTION!!! BUY TODAY!!! Awesome Woodmoor Home Surrounded by Trees. Close to Denver or Colorado Springs via I-25. NEW HIGH SCHOOL around the corner. The amazing Kitchen includes Granite countertops, Slate floors, New Appliances and Custom Cherry Cabinets. Large Master retreat with 6 pc bath, deck access, views of the Peak and walk-in closet. Private Home Office. Sunroom with built-in 6x6 hot tub. Private Large Deck for Entertaining. Wet bar and formal dining area. River Rock Fireplace in the vaulted Living room. Main Level Laundry. Make this a Must See for your next home. Click For Virtual Tour
Click to Search Colorado Springs MLS

see additional photos below

PROPERTY FEATURES

Central heat	Fireplace	High/Vaulted ceiling
Walk-in closet	Tile floor	Family room
Bonus/Rec room	Office/Den	Dining room
Dishwasher	Refrigerator	Stove/Oven
Granite countertop	Attic	Basement
Laundry area - inside	Balcony, Deck, or Patio	Yard
Jacuzzi/Whirlpool

COMMUNITY FEATURES

Golf course

ADDITIONAL PHOTOS

Seller contact info:

Jay Carden

RE/MAX Properties, Inc

719-322-4939

For sale by agent/broker

Equal Opportunity Housing

Posted: Oct 7, 2008, 7:01am PDT

Low Cost Advertising for Real Estate Pros and Mortgage Lenders, Under 15 Bucks/MO Unlimited

2008-10-06T12:25:55Z

relcom

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Briargate Colorado Springs Deals!!! Less Money Than Rent!!!

2008-09-09T14:57:58Z

The Time Has Come to Purchase Your Home.

AMAZING Deals!!!

Briargate Homes Under 200K
Pay Less than Rent!!!

See these Great Examples

Super Low Interest Rates, Lowest in Years
Houses on SUPER CLEARANCE SALE!!!

Payment $945/mo 4 Bed 3 Bath 2 Car 2400 Sq Feet, D20 Schools

Payment $ 1033/mo 3 Bed 2 Bath 2 Car 1446 Sq Feet, D20 Schools

Payment $ 1090/mo 3 Bed 2 Bath 2 Car 1585 Sq Feet, D20 Schools

Payment $ 1115/mo 4 Bed 3 Bath 2 Car 1695 Sq Feet, D20 Schools

Contact Me To See These or Any Other Homes in the Briargate Area

Jay Carden
RE/MAX Properties, Inc.
719-322-4939
Free List Of Homes
jay@jaycarden.com

All Payments based on FHA Financing at 5.88% with 3% down with 30 year amortization. Does not include taxes or insurance
Must qualify for a mortgage rates stated above

Colorado Springs Home Sale Market Update Q2 2008

2008-09-05T12:59:40Z

Once again the Colorado Springs Market remained steady compared to other areas of the country. In the last year the Colorado Springs Market has a yearly loss of only 3.7%. The annual increase of homes in the Pikes Peak Region is an average of 2.7%. This is much better than other MSA's of the same size.

On the Sales Side, 74% of homes sold for a profit in the last year. Our foreclosure numbers drove this number down due to 19.9% of the homes selling in some state of distress. Foreclosures did have a negitive effect on our market place accounting for nearly 20% of the loss in profits in the last year. Meanwhile only about 5% of traditional home sales resulted in a loss.

If you have any questions on the value of your home please feel free to call me for a Free analysis.

Jay Carden

RE/MAX Properties, Inc.

719-322-4939

Search Colorado Springs MLS

Green Lawns Sell Homes Faster and For More

2008-09-05T11:40:49Z

Want a quick way to sell your home for more money? Have a green lawn. Sounds simple but it is true. Brown lawns drive buyers away. I knew of a home that was for sale for about a year that had very little interest. No one calling on the sign, no showings, no interest. About a month ago the owner decided to replace the lawn with new sod. Within 2 weeks, they had a full price contract. There were multiple calls from the sign and showings went up.

Here is what it cost:

1 year of payments = $12,000

Price Decreases= $20,000

Total= -$32,000

Cost of new Sod = $600

Labor = $300

Total = $900

Want more proof here is an article that gives more information and how to make that lawn shine. Green Lawns Sell Homes

Jay Carden

RE/MAX Properties, Inc. Search the Colorado Springs MLS 719-322-4939

Colorado Springs Foreclosure Deals

2008-09-04T11:30:29Z

The Time is Now To Invest in Colorado Springs Real Estate

The time has never been better to invest in Colorado Springs Real Estate. The huge numbers of foreclosures is at a all time high in Colorado Springs and surrounding towns.

Buy high quality homes
60 cents on the dollar
Rent to Own options for Buyers
Over 25 Homes daily
Fully Inspected
Easy Financing Terms
$7500 First Time Home Buyer Credit

Get a free List of homes daily to your email for FREE!!! Click here to sign up

Jay Carden

RE/MAX Properties, Inc.
Your Colorado Springs Realtor
719-322-4939

Check Out a sample of these Homes. Call today to see these and other fine homes!!!

$46,000 2/2, 860 sq. 80916

$130,000 3/1/2 1446 sq 80915

$126,000 3/2/1 1882 sq 80911

$171,000 REDUCED 3/2/2 1902 sq 80918 D20 Schools

Tigher Lending

2008-09-04T11:04:52Z

Would-be Buyers Find Loans Are Out of Reach

Posted in: Real Estate, Finance and Economy

By Monica Hatcher

RISMEDIA, Sept. 4, 2008-(MCT)-Thanks to the housing slump, professional couple Gladys and Raul Castillo finally found homes they could afford-new condo units in foreclosure within walking and biking distance of their jobs in Miami’s Brickell financial district.

They also had the credit record to meet lenders’ standards. But they couldn’t land an actual loan.

“Almost all of them want 20 percent,” said Gladys Castillo, an administrative assistant, speaking of lenders they had approached. The Castillos had saved only 10%, and lenders were loath to get into units in buildings rife with foreclosures.

So the couple stopped searching while saving for a bigger down payment.

Reeling from an estimated $300 billion in losses from bad mortgages, lenders last year began making it tougher for would-be buyers to get financing, especially in places hard hit by the housing crisis, like Florida. They boosted the credit scores needed to qualify and eliminated loans to borrowers with less than perfect payment histories. They asked for bigger down payments and solid proof of income and assets.

Back then, though, no one was buying.

Now, as buyers tiptoe back into the market, lending trends are frustrating real estate agents and mortgage brokers. They say they are losing deals because byzantine underwriting standards are forcing financially sound, mostly middle-income buyers back onto the sidelines of the housing market.

In some areas, “there is no way to get a loan unless a borrower is willing to put 30 or 40% down,” said William Zalaquett, a Keyes Co. Realtor who specializes in the Brickell district and Miami’s Biscayne corridor. “Europeans, wealthy Northeasterners and the wealthy locals who have the cash can buy. The average working class here, they are left out.”

As a result, more buyers are paying cash at closing. Ron Shuffield, president of brokerage Esslinger Wooten Maxwell, said 31% of the firm’s clients in July paid cash for their homes, up from 15% historically.

“(It) is the highest percentage that we have ever seen,” Shuffield said. He attributed the rise to tighter lending standards, but also the increased ability of buyers to negotiate better deals if they did not make them contingent on getting a mortgage.

Even wealthy individuals needing financing are having a tough time, said Alex Doce, president of Baron Mortgage, a Boston-based lender.

“Right now, I have a couple of $4 million and $5 million loans, and it’s a nightmare to try and finance these people who have high net worth. The few people that were buying these loans, like Indymac, have gone out of business or don’t have the capital to lend,” Doce said.

Fannie Mae, the nation’s largest backer of home loans, announced earlier this month it would raise its “adverse market premium”-extra money charged in stricken markets-by a quarter of a percentage point. That could translate to an additional $750 on a loan of about $300,000.

Fannie Mae and Freddie Mac earlier this year had implemented a declining market policy in which it required bigger down payments. After being criticized for penalizing hard-hit regions, the two government-sponsored companies instead imposed stricter lending guidelines nationwide.

Because most major lenders sell their loans to one of the two companies, many followed suit.

Some lenders appear to have maintained distressed market policies, including Wells Fargo. In an e-mail, a spokeswoman wrote that Florida borrowers were subject to higher down payment requirements. Earlier this spring, private mortgage insurers, who cover lenders when borrowers default, also implemented their own distressed market rules, requiring heftier down payments even when lenders do not.

To top it off, investors who buy mortgages in the secondary market are leery of buying loans originating in South Florida, where fraud has reached epidemic levels.

Doce said lenders like him had been burned by some condo developers, who in desperation to close sales misstated the rate of buyers who planned to live in the residences as opposed to investors.

Consequently, some buildings have been blacklisted. Doce said it had been impossible for him to find investors for loans for some Fort Lauderdale condominiums. High foreclosure rates are exacerbating the trend.

To avoid wasting time, Doug DeWitt, a Miami-based real estate agent who lists bank-owned foreclosures for sale, has begun requiring potential buyers to get preapproval for themselves and the condo building before submitting an offer.

The difficulty in lending for some buildings is worsening a bad situation. Condo associations are behind budget and must raise assessments to cover costs, increasing the financial strain on unit owners.

That risk of special assessments being unexpectedly levied on borrowers puts off lenders as well, said Richard Swerdlow, chief executive of Condos.com, because it could affect their ability to pay their mortgages.

Loan programs for foreign nationals have also withered, crimping a significant market that has bolstered luxury condominium sales.

Javier Noriega, a broker with First Southeast Mortgage in Hollywood, Fla., said a recent trip to the Florida Association of Mortgage Brokers convention yielded only one flier from among a hundred or so financial institutions with a foreign national lending program.

“That was amazing. I was disappointed coming out of the thing,” Noriega said, adding most of the lenders were peddling FHA programs and not much else. FHA loans are guaranteed by the federal government and offer down payments of as little as 3%. They have become the loan of choice for many bust-era buyers.

The lending environment forces him to turn away about five of every 10 calls he gets, Noriega said.

Solange Keough, an engineer who recently bought a home in Weston, Fla., said had she known the difficulties and cost involved in borrowing, she would have opted to rent.

Though she was prequalified for a 10-percent-down loan, once her Boston-based loan officer found out her property was in Florida, the game changed entirely. Her closing was delayed several times, each time requiring more original documentation, and her down payment requirement kept rising.

In the end, she had to put down 25% on a $460,000 home, forcing her to decide between borrowing from family or depleting her personal reserves.

“It was a horrific situation,” she said, “They were trying every which way to have me give up. They didn’t want to give me the loan.”

© 2008, The Miami Herald.
Distributed by McClatchy-Tribune Information Services.

This is very accurate and true in this day of financing. If you are thinking of purchasing a home in Colorado Springs this is not necessarily the case. In our market many homes still qualify for FHA 3% down financing. Most lenders in Colorado Springs are also VA qualified. If you qualify for a Colorado Springs VA loan the limits are $417K while the FHA limit is $325K. Please call me to discuss your options on purchasing a home in Colorado Springs.

Jay Carden
Search the Colorado Springs MLS
719-322-4939

Parade Of Homes Winner, 5 Acres, Elevator, Handicap Ready, 5 Bed, 5 Bath, 4 Car Garage, Horses TOO

2008-08-05T13:48:53Z

Jay Carden | RE/MAX Properties, Inc | 719-322-4939

16924 Pony Pond Dr, Colorado Springs, CO

Luxury Home With Amazing Pikes Peak Views

5BR/5BA Single Family House

offered at $759,900

Year Built	2003
Sq Footage	4,761
Bedrooms	5
Bathrooms	5 full, 0 partial
Floors	2
Parking	4 Car garage
Lot Size	217,800 sqft
HOA/Maint	$0 per month

DESCRIPTION

2003 Parade of Homes Winner with AMAZING views of Pikes Peak. VIRTUAL TOUR Entertain in the Great Room with Deck access, Views and Gas Fireplace. Gourmet kitchen is sure to delight with Granite Countertops, Luxury appliances, and Island with prep sink. Main level Master with Views that amaze. Large walk-in closet, 6 pc bath and deck access. The lower level has a large Pool hall, Wet bar, Walkout Rec. room to Patio. Also included are 3 bedrooms and 2 baths. Handicap access via elevator & 2nd main level master suite. 5 Acres ready for your horses. Come today to enjoy the nicest home in the Pikes Peak Region. One of the few with this quality to compare. Only 5 minutes from I-25. South Denver Tech Center is 30 minute drive and Downtown Colorado Springs is 25 Minutes.

Search Colorado Springs MLS Listings for Free

see additional photos below

PROPERTY FEATURES

Central heat	Fireplace	High/Vaulted ceiling
Walk-in closet	Hardwood floor	Tile floor
Family room	Living room	Bonus/Rec room
Dining room	Breakfast nook	Dishwasher
Refrigerator	Stove/Oven	Microwave
Granite countertop	Basement	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio
Yard	Jacuzzi/Whirlpool

OTHER SPECIAL FEATURES

Handicap Master Suite

Elevator

ADDITIONAL PHOTOS

Seller contact info:

Jay Carden

RE/MAX Properties, Inc

719-322-4939

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 5, 2008, 9:19am PDT

7 Acres with 7 outbuildings and generator backup

2008-08-05T13:45:33Z

Jay Carden | RE/MAX Properties, Inc | 719-322-4939

19180 Ramrod Dr, Peyton, CO

Home on the Range with Amazing Views with 7 Acres For your Horses
and other Amimals

3BR/2BA Single Family House

offered at $189,900

Year Built	1987
Sq Footage	1,080
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	Unspecified
Parking	1 Car garage
Lot Size	7 acres
HOA/Maint	$0 per month

DESCRIPTION

Home on the Range with Wagon included. Great piece of property for horses & all the toys to enjoy these 7 acres. Seven Outbuildings include a fully powered shop, garage, sheds, dog run, and chicken coop. Privacy is included by mature trees. Views of the mountains from Pueblo to Denver. New kitchen with pecan cabinets/new appliances. Home has central air conditioning, and propane generator backup. Owned 1000 Gallon Propane tank is included . Fully fenced including driveway gate. Come live the good life on your own piece of heaven.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	High/Vaulted ceiling
Family room	Dishwasher	Stove/Oven
Microwave	Laundry area - inside	Yard

OTHER SPECIAL FEATURES

7 Outbuildings

Views of the Front Range

New Kitchen

7 Acres zoned for Horses

Fully Fenced

Whole House Generator and A/C

ADDITIONAL PHOTOS

Seller contact info:

Jay Carden

RE/MAX Properties, Inc

719-322-4939

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 5, 2008, 9:19am PDT

Super Low Price for Privacy of Woodmoor with New Kitchen

2008-08-05T13:42:00Z

Jay Carden | RE/MAX Properties, Inc | 719-322-4939

1525 Acorn Way, Monument, CO

Remodeled Woodmoor Home Surrounded By Large Pines and Close to Town.

3BR/2BA Single Family House

offered at $349,900

Year Built	1979
Sq Footage	3,097
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	1
Parking	2 Car garage
Lot Size	.88 acres
HOA/Maint	$16 per month

DESCRIPTION

PRICE REDUCTION Woodmoor Home Surrounded by Trees. Kitchen includes Granite countertops, Slate floors, New Appliances and Custom Cherry Cabinets. Large Master retreat with 6 pc bath, deck access, views of the Peak and walk-in closet. Private Home Office. Sunroom with built-in 6x6 hot tub. Private Large Deck for Entertaining. Wet bar and formal dining area. River Rock Fireplace in the vaulted Living room. Main Level Laundry. Make this a Must See for your next home. Click For Virtual Tour
Click to Search Colorado Springs MLS

see additional photos below

PROPERTY FEATURES

Central heat	Fireplace	High/Vaulted ceiling
Walk-in closet	Tile floor	Family room
Bonus/Rec room	Office/Den	Dining room
Dishwasher	Refrigerator	Stove/Oven
Granite countertop	Attic	Basement
Laundry area - inside	Balcony, Deck, or Patio	Yard
Jacuzzi/Whirlpool

COMMUNITY FEATURES

Golf course

ADDITIONAL PHOTOS

Seller contact info:

Jay Carden

RE/MAX Properties, Inc

719-322-4939

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 5, 2008, 9:19am PDT

Pizza Shops in Briargate

2008-07-10T16:05:28Z

The one thing I like to eat best is Pizza. I am from Upstate NY and that has made it impossible to not like the stuff. I figued that for others Relocating to Colorado Springs I would paste a map of all the pizza shops near homes in 80920.

View Larger Map

I personally reccommend Louie's, Back East, and Good Company for a good piece of Pie.

If you or anyone else is thinking of buying or selling Briargate Real Estate please contact me.

Jay Carden
Broker Associate
RE/MAX Properties, Inc.
Colorado Springs, CO

(719) 322-4939 Cell
(719) 487-6164 Office
(888) 481-8641 Toll Free

See Every Colorado Springs MLS Listings and Information at:
www.briargaterealestate.com
www.jaycarden.com

Luxury Horse Property on 5 Acres with Amazing Pikes Peak Views

2008-06-20T11:53:26Z

Jay Carden | RE/MAX Properties, Inc | 719-322-4939

16924 Pony Pond Dr, Colorado Springs, CO

Luxury Home With Amazing Pikes Peak Views

5BR/5BA Single Family House

offered at $759,900

Year Built	2003
Sq Footage	4,761
Bedrooms	5
Bathrooms	5 full, 0 partial
Floors	2
Parking	4 Car garage
Lot Size	217,800 sqft
HOA/Maint	$0 per month

DESCRIPTION

2003 Parade of Homes Winner with AMAZING views of Pikes Peak. Entertain in the Great Room with Deck access, Views and Gas Fireplace. Gourmet kitchen is sure to delight with Granite Countertops, Luxury appliances, and Island with prep sink. Main level Master with Views that amaze. Large walk-in closet, 6 pc bath and deck access. The lower level has a large Pool hall, Wet bar, Walkout Rec. room to Patio. Also included are 3 bedrooms and 2 baths. Handicap access via elevator & 2nd main level master suite. 5 Acres ready for your horses. Come today to enjoy the nicest home in the Pikes Peak Region. One of the few with this quality to compare. Only 5 minutes from I-25. South Denver Tech Center is 30 minute drive and Downtown Colorado Springs is 25 Minutes.

Search Colorado Springs MLS Listings for Free

see additional photos below

PROPERTY FEATURES

Central heat	Fireplace	High/Vaulted ceiling
Walk-in closet	Hardwood floor	Tile floor
Family room	Living room	Bonus/Rec room
Dining room	Breakfast nook	Dishwasher
Refrigerator	Stove/Oven	Microwave
Granite countertop	Basement	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio
Yard	Jacuzzi/Whirlpool

OTHER SPECIAL FEATURES

Handicap Master Suite

Elevator

ADDITIONAL PHOTOS

Seller contact info:

Jay Carden

RE/MAX Properties, Inc

719-322-4939

For sale by agent/broker

Equal Opportunity Housing

Posted: Jun 20, 2008, 7:32am PDT

Jay 's Blog

25K Price Reduction, Monument 3/2/2, NEW Kitchen

Low Cost Advertising for Real Estate Pros and Mortgage Lenders, Under 15 Bucks/MO Unlimited

Briargate Colorado Springs Deals!!! Less Money Than Rent!!!

The Time Has Come to Purchase Your Home.

AMAZING Deals!!!

Briargate Homes Under 200K Pay Less than Rent!!!

See these Great Examples

Colorado Springs Home Sale Market Update Q2 2008

Green Lawns Sell Homes Faster and For More

Colorado Springs Foreclosure Deals

Tigher Lending

Parade Of Homes Winner, 5 Acres, Elevator, Handicap Ready, 5 Bed, 5 Bath, 4 Car Garage, Horses TOO

7 Acres with 7 outbuildings and generator backup

Super Low Price for Privacy of Woodmoor with New Kitchen

Pizza Shops in Briargate

Luxury Horse Property on 5 Acres with Amazing Pikes Peak Views

Briargate Homes Under 200K
Pay Less than Rent!!!