Earnest money and short sales - 05/27/11 11:02 AM
As we all know, there is nothing short about short sales when it comes to waiting on the bank for approval.  In Colorado, we have a short sale addendum stating the buyer or seller can terminate the contract any time prior to the short sale acceptance deadline indicated in the addendum.  The new addendum now has a selection not allowing either party to back out until bank acceptance but that box is not normally checked by agents.



Many agents in Colorado Springs do not deliver earnest money until after the bank approves the short sale so the buyer … (8 comments)

Short sale property available in Monument, CO - 05/13/11 03:43 PM
For more information about this property, please contact Brian Boals at 719-459-9955 or Patricia Beck at 719-660-9058

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For more information on Colorado Springs Real Estate or the Colorado Springs Area contact me or visit my website. … (3 comments)

You may not want to sell your home right now unless.... - 05/09/11 06:43 PM
The home is priced right - Bank owned and short sale properties are still around and will probably continue to be a part of our real estate market for the next couple of years. Although these types of properties are normally distressed, they appeal to many buyers since they are often priced below the market. More than likely, you will be competing with a bank owned or short sale property in your area if you list your home for sale. Pricing a home correctly is critical in this real estate market. Those looking to test the market to see if an … (4 comments)

Single Family Home Sales for April 2011 - El Paso County - 05/09/11 05:51 PM
Home sales decreased by 3.6% in El Paso County for the month of April when compared to March. Compared to one year ago, April sales were 5.6% lower. There were 44 fewer single family home sales in April 2011 when compared to April 2010. There were also 567 additional single family homes for sale in April 2010. In order for the market to stabilize and to create more demand, inventory levels need to remain low while home sales continue to increase. Compared to the previous month of March, both the average sales price ($215,466) and the median sales price ($184,950) increased. … (0 comments)

El Paso County Inventory Stats for April 2011 - 05/09/11 05:51 PM
Home inventory decreased by 3.5% for the month of April 2011 when compared to six months ago (November 2010). Compared to the previous month of March, there was an decrease in single family homes for sale. In April 2010, single family Inventory in the Pikes Peak MLS was slightly higher and there were 792 single family home sales compared to 748 sales in April 2011. Looking at statistics for April, Single Family Home Inventory in the Pikes Peak MLS is sitting at 6.1 months (compared to 5.8 months in March). The months of inventory has improved considerably in Colorado Springs. As … (0 comments)

 
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Colorado Springs Realty Patricia Beck

Colorado Springs, CO

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RE/MAX Properties, Inc., GRI, CDPE

Office Phone: (719) 598-4700

Cell Phone: (719) 660-9058

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Colorado Real Estate – Real Estate Agent, Patricia Beck, specializing in new and existing home sales, short sales, and bank owned properties in Colorado Springs.


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