buying a home in colorado springs: Agents giving buyers earnest money - 11/02/11 07:59 PM
I've recently heard of a few real estate agents in town that are giving or loaning their buyers the funds to cover the earnest money for a home purchase.
Have you fronted the earnest money for a buyer who didn't have adequate finances in their bank account to cover the deposit for a home?
Situations occur where buyers may not get paid for another week or have an unexpected bill or repair that cleans out their checking account. On the other hand, if a buyer cannot come up with the earnest money, can they afford the other costs associated with buying a home? Is there a law … (10 comments)
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buying a home in colorado springs: Thanks for the invaluable feedback! - 11/01/11 01:41 AM
When I obtain feedback from some agents in Colorado Springs, I often wonder if they even review the MLS information for the properties they plan on showing to their buyers beforehand.
When an agent remarks about certain aspects of the house not working for the buyer that were clearly obvious in the MLS, is the agent wasting the time of both buyer and seller? The sellers may have to leave the house for a couple of hours for the showing window only for the buyers to view a home that didn’t match their criteria in the first place.
The … (5 comments)
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buying a home in colorado springs: Buying a home - Can you have it ALL? - 08/18/11 06:33 PM
You are a responsible adult, ready to buy a home, and start the process by getting prequalified for a mortgage loan. You contact a reputable Colorado Springs Real Estate Agent and list your specifications for the home you would like to purchase.
You start looking at homes and unfortunately, not one of them you view are appealing to you. The homes need too much work and you prefer a home that is move-in-ready since you are busy as it is with your full time job. Your agent tells you that you may have to make adjustments to your home search which … (5 comments)
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buying a home in colorado springs: House direction - Does it matter? - 08/16/11 07:52 PM
If you are looking to buy a home in Colorado Springs, the orientation of the home may be an important factor to you. It's easy to forget about snow in Colorado when looking for a home during the warm months and although we may not receive as much snow as in previous years, it does still snow here. If you purchase a North facing home in Colorado Springs, plan on using your snow shovel during the winter months. The driveway can become icy and the snow will not melt as quickly when compared to the homes facing other directions in … (7 comments)
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buying a home in colorado springs: 10 things you need to do before closing on your new home - 08/15/11 11:25 AM
Once the inspection issues have been resolved and the appraisal is in, buyers look forward to closing day especially if they have been waiting on an approval of a short sale for many months. Below, are a few additional items to take note of prior to closing:
1.) Set up utilities - You can wait until the day of closing to call the utility company but setting up service in advance, a day or two prior to closing, is a good idea. For many buyers, a single call to Colorado Springs Utilities to set up service for a residence is all … (2 comments)
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buying a home in colorado springs: What buyers need to know about HOA Dues - 08/14/11 07:22 PM
Many buyers think about the amount of their monthly mortgage payment when purchasing a home and often overlook HOA dues. There are many neighborhoods in Colorado Springs that do not have a Home Owner's Association (HOA) but many condominiums, townhomes, and single family homes in newer neighborhoods have active HOA's. A mortgage loan officer does consider HOA dues when calculating a buyer's monthly payment, not just the mortgage payment alone. Buyers should have a budget to make sure their monthly income will cover the mortgage payment and HOA dues for the property they plan on purchasing. Some HOA dues are … (2 comments)
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buying a home in colorado springs: What's underneath Colorado Springs? - 08/13/11 08:25 PM
Buyers interested in purchasing a home in Colorado Springs may not be aware of the abandoned mines located in various areas of the city. This topic intrigued me so I completed research to find out more information about the abandoned mines and subsidence issues in Colorado Springs.
Coal mining took place in Colorado Springs from the late 1800's through the 1950's. The room and pillar mining method was commonly used. Over time, these coal (or timber) pillars supporting the roof of the mine that were never removed could collapse or deteriorate.
Pikeview was one of the largest coal mines that operated … (4 comments)
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buying a home in colorado springs: Municipal vs. District Water in Colorado Springs - 12/23/09 11:53 AM
Water supply may be overlooked by buyers when purchasing a home in Colorado Springs. Unless someone has their own well, homes in Colorado Springs are supplied with Municipal or Association/District water. Municipal water is provided by Colorado Springs Utilities while the water for newer areas such as east of Marksheffel Rd, is provided by Districts. One difference between the utility company and water districts is where the water comes from. For example, Colorado Springs Utilities provides water from reservoires while the Cherokee Metropolitan District's utilizes well water. Residents within the Cherokee Metropolitan District may notice a slightly different taste in the … (4 comments)
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buying a home in colorado springs: Home just listed in Colorado Springs- Stetson Hills - 06/08/09 09:57 AM
For further information on available Homes in Colorado Springs contact your Colorado Springs Real Estate Agent, Patricia Beck. … (4 comments)
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buying a home in colorado springs: Google Street View for Home Buyers - 11/19/08 09:43 AM
It is not uncommon for buyers to find a home that looks great from the pictures and become disappointed once they see the home in person. Maybe the property was too close to neighbors or across the street from a strip mall. Viewing homes for sale online is convenient but definitely not the same as driving by the home to see what it's really like.
Thanks to Google Street View, looking for homes online just got better!
Google Street View is an awesome 360° tool that allows users to view a specific home, the street it sits on, the topography, and the home's surroundings. Seeing everything at street level, it's like you … (4 comments)
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buying a home in colorado springs: Buyers in Colorado Springs, don't forget about the roof! - 10/10/08 06:24 PM
Nearly every transaction I have been working on lately whether on the buying or selling side, the roof has been an issue.
If you are buying a home in Colorado Springs, make sure your inspector goes onto the roof and inspects it thoroughly. Believe it or not, there are inspectors who do not go on the roof to inspect it! If the roof needs replacement and the seller is not willing to pay for a new roof, and you still plan to buy the home, make a phone call to your homeowner's insurance.
Many property insurance companies will not insure a … (2 comments)
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buying a home in colorado springs: Checklist for buying bank owned properties in Colorado Springs - 09/08/08 08:12 PM
There are many bank owned properties for sale in the Colorado Springs area and many buyers are seeking bank owned properties that are offered below market values in Colorado Springs. If you purchase a bank owned property, don't forget to go over the check list below to ensure you don't forget about the important details.
1. Change locks on all of the exterior doors - you never know who may have a key to the existing door locks so it is wise to change the locks immediately.
2. Reset the code on the garage door keypad remote - If you do … (5 comments)
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