colorado springs real estate: Will I have to repay the first-time home buyer tax credit? - 05/25/12 10:27 AM
Many homeowners who purchased a home in Colorado Springs between 2009 and 2010 benefited from the most recent tax credit of $8,000 ($6,500 for long-time residents). A lot can change in a couple of years and many homeowners have questions about repayment of the tax credit if they sell their home prior to the 36-month requirement.
To benefit from the tax credit, first time home buyers must live in the home as their principal residence for at least three years. If the homeowner does not occupy the property as a principal residence for at least three years, then the credit may … (1 comments)
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colorado springs real estate: 2 bed/1 bath home for sale in Colorado Springs - Great Starter Home! - 05/25/12 10:15 AM
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colorado springs real estate: Lovely home for sale in Colorado Springs - Minutes from downtown! - 03/22/12 12:34 AM
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colorado springs real estate: 2 bedroom condominium for sale in Colorado Springs - 03/07/12 09:52 PM
Search for homes in Colorado Springs
For more information on Colorado Springs Real Estate or the Colorado Springs Area contact me or visit my website. … (1 comments)
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colorado springs real estate: Fourplex just listed in Colorado Springs, CO - 02/27/12 10:24 AM
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colorado springs real estate: El Paso County Inventory Statistics for November 2011 - 12/19/11 11:31 AM
Home inventory decreased by 23% for the month of November when compared to six months ago (June). Compared to the previous month of October, there was also a decrease in single family homes for sale.
In November 2010, single family Inventory in the Pikes Peak MLS was not only higher but there were 542 single family home sales compared to 645 sales in November 2011. Compared to this time last year, months of inventory for Colorado Springs is lower.
For November, Single Family Home Inventory in the Pikes Peak MLS is sitting at 5.7 months (compared to 5.2 months in October). … (0 comments)
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colorado springs real estate: El Paso County Home Sales for November 2011 - 12/19/11 11:31 AM
Home sales decreased by 14.9% in El Paso County for the month of November when compared to October and sales were 19% higher when compared to November 2010.
There were 103 additional single family home sales in November 2011 when compared to November 2010. There were also an additional 1,079 single family homes for sale in November 2010. Inventory levels continue to remain much lower than they were around this time last year in Colorado Springs.
Compared to the previous month of October, the average sales price ($218,230) decreased and the median sales price ($185,000) remained the same.
Last November, the … (0 comments)
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colorado springs real estate: You just lost my business! - 11/18/11 03:52 PM
I made a few calls to obtain estimates for a seller’s property that required work on a portion of the exterior siding. Fortunately, most of the folks I called were very responsive and were able to go out to the property to assess what work was required except for one handyman. This handyman called me and said he needed additional info about the siding. I didn’t have a problem with it until he said that I would need to call him back with the following info:
- What type of wood siding was on the home
- Size of … (5 comments)
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colorado springs real estate: The Seeking Seller - 11/10/11 12:58 AM
A seller has their home listed for sale and contacts another real estate agent - you. They may ask to meet with you or request a market analysis.
Do you provide the seller with the information they are inquiring about? Do you contact the listing agent to let them know that their seller has been in contact with you? What is the best way to handle the situation? What if it’s an agent you know? Does that influence you differently?
If you decide to contact the listing agent to discuss the situation, do you inform the seller of it? The … (6 comments)
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colorado springs real estate: What do the KIDS say? - 11/08/11 03:42 PM
Most home buyers who are parents will have their children come in tow when looking for a home. Some kids are more patient and well behaved than others but they all have one thing in common: a reaction.
Parents and their real estate agent should pay attention to the child’s reaction to a home during a showing.
Some children are very vocal with their opinions of the home:
“I love this house!”
“Can this be my room?”
“I want to leave now!!”
“I don’t like this house”
Other children may not say much but their nonverbal actions can … (4 comments)
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colorado springs real estate: 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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colorado springs real estate: 3 bed/3 bath home for sale in Colorado Springs ~ Short Sale - 10/17/11 11:37 PM
Search for homes in Colorado Springs
For more information on Colorado Springs Real Estate or the Colorado Springs Area contact me or visit my website. … (4 comments)
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colorado springs real estate: 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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colorado springs real estate: 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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colorado springs real estate: 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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colorado springs real estate: 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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colorado springs real estate: 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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colorado springs real estate: Handling advice when buying a home - 07/24/11 08:57 PM
Looking for the right home to buy in Colorado Springs can be overwhelming for home buyers especially when they sift through advice from family, friends, and coworkers. Buyers may receive unsolicited advice when it comes to how much to offer on a home, type of financing to obtain, how to find bargains, what type of property to buy, and how to negotiate with sellers. Conflicting advice can make the situation even more complicated especially if a transaction is not going smoothly; it is not uncommon for buyers to receive advice that contradicts that of their real estate agent.
So how do … (5 comments)
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colorado springs real estate: Single Family Home Sales - El Paso County, CO - 07/12/11 10:20 PM
Home sales increased by 11.8% in El Paso County for the month of June when compared to May and sales were 4.5% lower when compared to June 2010.
There were only 41 fewer single family home sales in June 2011 when compared to June 2010. There were also 1,156 additional single family homes for sale in June 2010. In order for the Colorado Springs real estate market to stabilize and to create more demand, inventory levels need to remain low while home sales continue to increase and we are starting to see that occur.
Compared to the previous month of May, … (1 comments)
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colorado springs real estate: MLS Laziness - 07/08/11 02:11 PM
I am surprised to find how many listings in our MLS lack what buyers are looking for: information. I wonder if sellers are even aware that the agent they hired failed to complete the most basic yet necessary data about their property in the MLS. This information (or lack thereof), is syndicated to numerous websites and that includes the overlooked spelling errors as well. With the majority of home buyers that go online to find home for sale, this is unacceptable.
I've noticed missing/blank property descriptions, room measurements, schools for the area, incorrect property tax information, and outdated photos (or … (3 comments)
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