colorado springs real estate and sellers: 5 things you can't sell your home without - 02/11/09 07:50 PM
Internet exposure- With over 90% of buyers going to the Internet as their main source for finding homes, you can't afford not to have your home on the Internet. If you plan to sell your home, it is important you ask your agent about their marketing plan to sell your home. If marketing your home online is not part of an agent's marketing plan you should probably look for another agent. Cooperation- Many deals fall apart in real estate when parties do not cooperate with one another. Of course your agent needs to negotiate on your behalf but there are many areas where … (8 comments)
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colorado springs real estate and sellers: Spoofing on craiglist - 02/05/09 06:23 PM
I advertise my listings on craiglist since many buyers look around on that site for properties. Lately, I have been receiving phone calls from people regarding the ad who think my listing is for rent. When I clarify that the home is for sale NOT for rent, they tell me they found the rental ad on craiglist. On two occasions, I have had sellers tell me that someone has knocked on their door inquiring about the rental ad on craigslist.
I have flagged these bogus ads and nothing has been done. Unfortunately, deleting my ad (the original) has no impact since … (20 comments)
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colorado springs real estate and sellers: Is a pre-qualification good enough? - 11/13/08 01:25 PM
Sellers don't want to risk going under contract and taking their home off the market only to find out that the buyers are not qualified to purchase their home. For peace of mind, many sellers require offers are accompanied by a pre-qualification letter to ensure that the buyer is qualified to purchase their home. Is that really enough in today's real estate market?
Pre-qualifications can be completed over the phone with the buyer simply listing off their debts and income to the lender. The loan officer types up a pre-qualification letter and may not even check the buyers' credit score. Seller … (7 comments)
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colorado springs real estate and sellers: Colorado Springs Short Sales: Part 3 - 10/30/08 09:32 AM
Sellers in Colorado Springs need to research the tax and economic consequences prior to making the decision of whether or not to short sale their home.
Formerly, homeowners who sold their home through the short sale process would be 1099ed for the difference. The homeowner used to be required to pay taxes to Uncle Sam since it was viewed by the IRS as income! The Mortgage Forgiveness Debt Relief Act of 2007 should help alleviate the tax problems related to debt forgiveness for homeowners in this situation.
Although sellers do not have to pay taxes on the mortgage deficiency to the IRS … (1 comments)
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colorado springs real estate and sellers: Colorado Springs Short Sales: Part 2 - 10/23/08 05:13 PM
You cannot afford to make your mortgage payment; maybe you have heard something about the option of a short sale and are not sure what it is. To put it simply, a short sale is the situation in which a homeowner cannot sell their home to cover the amount owed on their loan. This is often referred to as being “upside down.”
Let's pretend you obtained a 30,000 HELOC in addition to your $170,000 mortgage and are now in a situation where you can no longer make payments. You find out from your real estate agent that homes in the area like … (2 comments)
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colorado springs real estate and sellers: Colorado Springs Short Sales: Part 1 - 10/23/08 03:17 PM
Many different circumstances bring homeowners to a position where they cannot afford to pay their mortgage and often times, these unforeseen circumstances cannot be avoided such as a loss of a job. There are many homeowners in Colorado Springs who have found themselves in such a position and are not sure what to do. Should I just foreclose on my house? Should I try to sell even though the market values in my area have dropped? Should I call the bank and let them know I can no longer make my payments?
There are many options if a homeowner in Colorado … (2 comments)
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colorado springs real estate and sellers: Marketing homes on the Internet does work! - 06/12/08 03:17 PM
Many sellers would like to see their home advertised in home magazines and the local newspaper and do not understand the Internet is where most buyers go to find homes. Realtors continue to spend money on paper advertising in order to please their sellers.
Less than 3% of homes are sold through paper advertising and homes being advertised in the real estate section of newspapers each weekend are decreasing while more buyers are realizing how much easier it is to find a home online. Most buyers go online to look for homes multiple times before even calling a realtor for assistance.
Realtors … (5 comments)
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colorado springs real estate and sellers: Colorado Springs Home Sales- April 2008 - 06/05/08 02:26 PM
Home showings have increased in the Colorado Springs area and home sales in April 2008 were highest than any other month looking over the past few months! There were 722 home sales in March 2008 and home sales in April 2008 increased to 772. The home sales should keep climbing over the next few months as this is the peak season for the Colorado Springs area!
Price your home right and it will sell, this market is price driven!
Search for homes in Colorado Springs
For more information on Colorado Springs Real Estate or the Colorado Springs Area contact me or visit … (3 comments)
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colorado springs real estate and sellers: Colorado Springs Home Inventory Stats for April 2008 - 06/05/08 02:18 PM
Inventory of Single Family Homes for sale is steadily climbing as we enter the peak season for the Colorado Springs Area. If you are planning to sell your home in Colorado Springs, get your home ready and list it as soon as you can because these next few months are the peak months to sell in Colorado Springs!
For more information about Colorado Springs Homes for sale visit my Pikes Peak MLS search. … (1 comments)
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colorado springs real estate and sellers: 10 tips to make moving less of a hassle! - 06/04/08 02:28 PM
I've been out of the Rain for a while because I've been busy with work, moving, and unpacking the boxes. Although my last move was less than two years ago, my most recent move was a great reminder of what a hassle it can really be!
We decided to hire movers this time around and it wasn't cheap and didn't totally eliminate the hassles that accompany moving from one residence to another. In fact, the movers took so long to get everything into the truck that we decided to help them in order to cut down on the hours we … (2 comments)
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colorado springs real estate and sellers: Flat fee listing option for sellers - 06/04/08 01:27 PM
Alternatives outside of hiring a real estate agent are being explored by home sellers. Many sellers say they cannot afford to pay commissions to the listing agent or buyer's agent since they already have to bring money to the closing table.
I had a listing appointment and the seller said he would hire me to list his home if he decided to go with a full service realtor but was considering listing the home with a company who would do the basics: put a lockbox on the door, company sign in the yard, and list it in the MLS for a flat … (9 comments)
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colorado springs real estate and sellers: Market Report for Colorado Springs Area- Northwind - 06/03/08 09:59 PM
Northwind is a subdivision located off of Dublin (South Side) between Union and Rangewood in the Northeast area of Colorado Springs. It is within walking distance of Cottonwood Park and close to many conveniences. Floor plans you will find in this area are primarily 2-story, tri-level, and 4-level homes built in the 1980's and 1990's.
Market Anaylsis for Colorado Springs Area: Northwind April 1, 2008 - June 1, 2008
Homes for Sale: 21
Homes Under Contract: 2
Homes Sold: 8
Average List Price: $221,611
Average Sale Price: $204,437
Average Days on Market (sold homes): 96 days
Weekly Absorption Rate: 24 weeks
Search for … (1 comments)
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colorado springs real estate and sellers: Buyers and Sellers must negotiate - 04/30/08 03:43 PM
During the negotiating process, a seller rejected my client's counter offer. With so many homes for sale, my buyer moved on to look at other homes but after a few days decided she wanted to submit another offer to the seller. She wanted to bring in a plumber to take a look at a non-permitted bathroom in the home first since the seller refused to provide permits for it. The listing agent didn't have a problem with it and said we could bring in a plumber. The next day I received a phone call from the agent saying the seller did … (7 comments)
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colorado springs real estate and sellers: Asking for inspections in the Inspection Notice? - 04/23/08 09:51 PM
I have had a few instances where buyers' agents have requested my sellers pay for various inspections (i.e. getting the sprinkler system inspected to ensure it is in working condition).
According to the Contract to Buy and Sell Real Estate in Colorado: "Buyer shall have the right to have inspections of the physical condition of the property and inclusions, at Buyer's expense."
The purpose of the Inspection Notice/Inspection Objection is for the buyer to either terminate the contract in writing if the property's condition is unsatisfactory, or to request unsatisfactory items be serviced or repaired. In my opinion, the Inspection Notice is not to be utilized … (7 comments)
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colorado springs real estate and sellers: It's all about pricing!! - 04/17/08 12:02 AM
I am happy to say, I got one of my listings (my own home) under contract in only 18 days! Homes are selling in Colorado Springs if they are priced correctly.
The buyers got a totally upgraded home in Ridgeview at Stetson Hills for a great price. Sellers remember: even though you may not make as much on the selling end, you can make up for it when buying a home. It is a great time to buy as long as you qualify.
For further information on available Homes in Colorado Springs contact your Colorado Springs Realtor, Patricia Beck. … (12 comments)
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colorado springs real estate and sellers: Sellers, here is a tip on getting those shower pans clean! - 04/09/08 12:18 AM
I have walked into many homes in Colorado Springs and seen really dirty shower pans. Fiberglass shower pans are not only more difficult to clean than showers with tile floors but also make the dirt, grime, and other yucky stuff more apparent since they are white (well, supposed to be white).
Here is a tip for getting your shower pan sparkling clean for showings and will make buyers say "wow, that is clean!" instead of "ugh, what is that stuff in the shower?"
Go to your local Home Depot and purchase heavy duty, industrial strength scour pads. They are located in the … (0 comments)
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colorado springs real estate and sellers: Market Report for Colorado Springs Area - Northwind - 04/04/08 06:39 PM
Northwind is a subdivision located off of Dublin (South Side) between Union and Rangewood. It is within walking distance of Cottonwood Park and close to many conveniences. Floor plans you will find in this area are primarily 2-story, tri-level, and 4-level homes built in the 1980's and 1990's.
Market Anaylsis for Colorado Springs Area: Northwind March 4, 2008 - April 4, 2008
There is quite a bit of activity in this area of Colorado Springs!
Active Properties for Sale: 14
Average List Price: $229,589
Properties Under Contract: 5
Sold Properties within the last month: 3
Average Sale Price: $205,100
Search for homes in Colorado Springs
For more information on Colorado Springs Real Estate or the Colorado … (0 comments)
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colorado springs real estate and sellers: Sellers - Update your Colorado Springs home by changing the hardware! - 04/01/08 09:21 PM
Updating a home does not have to consist of a major overhaul or remodel. Homes can look SO much nicer by doing one simple thing: changing the hardware.
If your kitchen cabinets look a little dated, try adding updated handles or knobs. Cabinets can look really bare and boring when they do not have any hardware. Change the hardware if the existing knobs on your cabinet are unappealing and dated.
It is fairly inexpensive to purchase cabinet hardware for your kitchen and bathroom cabinets at Home Depot or Lowe's but it can make the world of a difference!! Don't go too crazy with … (2 comments)
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colorado springs real estate and sellers: Quick note about Realtor.com - 04/01/08 06:40 PM
I was recently speaking with another realtor in Colorado Springs and found out he was paying less than me to showcase his listings on Realtor.com.
I contacted them today to inquire about it and found out Realtor.com charges realtors differently depending on how many listings they have had over the past year from the date they sign up for upgraded services on the website.
After you sign up, they re-evaluate you the next year (on your anniversary date) and if you have had more listings, your monthly fee goes up. Their pricing brackets go from 0-4 listings, 4-10 listings, etc...
Many sellers like their … (11 comments)
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colorado springs real estate and sellers: Sellers: Do not stay home during showings if you want your home to sell! - 03/26/08 01:06 AM
When taking buyers through homes in Colorado Springs, they often have something to say about the property while walking through it: "The paint on the walls is repulsive!", "I love the kitchen.", "What is that smell?", "I can see the neighbor's junk pile from this backyard!"
Of course, the buyers can freely communicate about the property when the seller is not there but what about when the seller stays inside the home during the showing? Well, let's just say, it is uncomfortable for many buyers. So if you are a seller reading this, please do not stay home during showings! Buyers … (11 comments)
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