If your #1 pick went under contract tonight, would you have any regrets? - 10/23/11 04:35 PM
If your #1 pick went under contract tonight, would you have any regrets?
When I take buyers out to look at houses in Colorado Springs, the first thing I will do is confirm with their lender that they are pre-qualified and the price that they can afford. This isn't anything new, but it tells me that the buyers are serious enough to start the lending process. I make it very clear to them, that a pre-qual is required before we see the first house, because I am obligated to ensure they can afford any house I show them.
I also require … (2 comments)
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Are you waiting for the perfect home in Colorado Springs? - 10/22/11 03:17 PM
Are you waiting for the perfect home in Colorado Springs?
When I hear someone say they are waiting for the perfect home to come on the market, I then follow-up with:
Do you know what your perfect home looks like?
How will you know the perfect home when you see it?
How long are you going to sit on that fence for the perfect home ?
Will you be ready to jump off the fence when the perfect home comes on the market?
How will you know the perfect home was listed for sale?
Do you have a lender ready to … (2 comments)
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This is the perfect market to move up in Colorado Springs. - 10/21/11 12:53 PM
This is the perfect market to move up in Colorado Springs.
We have buyers that want to move up and try to make the argument that it isn't the time because of the volatility of the market and the lower value of their current home.
But actually, this is the perfect market to move up. With the lower prices on bigger homes, you can get so much more value with today's market than last year or even two years ago. But you have to be willing to sell your current home at current market value, and here lies the problem for … (1 comments)
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Buying a home in Colorado Springs - What are you waiting for? - 10/20/11 09:54 PM
Buying a home in Colorado Springs - What are you waiting for?
One of the biggest concerns we hear from buyers is that they don't want to buy if the price of the home is going to continue to decline.
This is a tough one because no one has a crystal ball to say that a property will not decline any further. However, the buyer must also take into consideration the cost of the loan to purchase a home.
Today, the interest on a 30 year conventional loan is about 4.25, this is already up from two weeks ago. If the … (3 comments)
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Renting vs. Owning: The Financial Gains of Owning a Home in Colorado Springs - 10/13/11 06:02 PM
Renting vs. Owning: The Financial Gains of Owning a Home in Colorado Springs. In this article, I hope to convince you that a quicker path to wealth is owning your home vice renting.
The example I used throughout this analysis is for a single family home with estimated taxes of $1200 per year. The loan is a conventional 30 year fixed with 5% down and monthly payments of $1500 the first year for rent or mortgage. Actual loan costs will vary depending on the lender and terms of the loan.In today’s market, interest rates are lower than they’ve been for years. … (0 comments)
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Renting vs. Owning - Why now is the time to buy in Colorado Springs! - 10/13/11 05:28 PM
Renting vs. Owning - Why now is the time to buy in Colorado Springs!
If you are currently renting in Colorado Springs, I challenge you to read my analysis on why you should consider buying your first home.
Interest Rates:
First of all, we are still seeing record low interest rates for mortgages. Now, some will tell you that banks aren't lending money for home purchases, but I have not seen this. Every "qualified" buyer I have worked with was able to receive funding for their loan. Now there may be an issue with some buyers whose credit prevents them from … (0 comments)
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Colorado Springs Real Estate Market Update - October 2011 - 10/10/11 11:23 PM
Colorado Springs Real Estate Market Update - October 2011
Below is the monthly newsletter from Murray & Associates with Keller Williams Clients' Choice in Colorado Springs. The newsletter includes market reports for Colorado Springs and popular Academy District 20 neighborhoods as well as recent real estate news.
… (0 comments)
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Briargate, Colorado Springs, Zip Code 80920, Real Estate Market Report for September 2011 - 10/08/11 02:13 PM
Briargate, Colorado Springs, Zip Code 80920, Real Estate Market Report for September 2011 Less Pine Creek, Cordera, and Wolf Ranch Brought to you by Nancy Murray Search all Briargate Homes for Sale
Wow! What a difference a year makes for the Briargate market. All indicators show the Briargate market is improving. From one year ago, average sales price increased 1%, median sales price decreased 1%, active listings are down 64%, new listings are down 57%, months of inventory was cut in half from 9 months to 4.4 months, and number of distressed properties dropped from 16 to … (1 comments)
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Cordera, Colorado Springs, Zip Code 80924, Real Estate Market Report for September 2011 - 10/08/11 02:11 PM
Cordera, Colorado Springs, Zip Code 80924, Real Estate Market Report for September 2011 Brought to you by Nancy Murray
Search all Cordera Homes for Sale
Only one property sold in Cordera in September 2011, so the numbers are a skewed this month for Cordera, an Academy School District 20 neighborhood. Average sales price increased 9% over September 2010 and median sales price increased 12%. Average days on market reduced by 50% from August 2011.
For the complete report visit Real Estate Market Report for Cordera.
… (0 comments)
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Flying Horse, Colorado Springs, Zip Code 80921, Real Estate Market Report for September 2011 - 10/08/11 02:10 PM
Flying Horse, Colorado Springs, Zip Code 80921, Real Estate Market Report for September 2011 Brought to you by Nancy Murray
Search all Flying Horse Homes for Sale
Flying Horse housing market is relatively stable. Average and median sales price declined 1% from August. Median sales price declined 4% from September 2010. Days on market increased 38% from August and number of active listings in Flying Horse increased 23% from September 2011. Number of active, new, pendings, and sold properties were about the same since August.
For the complete report visit Real Estate Market … (0 comments)
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Peregrine, Colorado Springs, Zip Code 80907/80919, Real Estate Market Report for September 2011 - 10/08/11 02:09 PM
Peregrine, Colorado Springs, Zip Code 80907/80919, Real Estate Market Report for September 2011 Brought to you by Nancy Murray Search all Peregrine Homes for Sale
September was good for Peregrine with 3 higher priced properties sold. From August, the average price increased by 30% and median price increased 37%. From one year ago, Average price increased 32% and median price increased 35%. For September there were 18% fewer properties on the market. From August, the number of sold properties dropped from 9 to 3 but there are still 6 pending properties.
For the complete report visit … (0 comments)
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Pine Creek, Colorado Springs, Zip Code 80920, Real Estate Market Report for September 2011 - 10/08/11 02:09 PM
Pine Creek, Colorado Springs, Zip Code 80920, Real Estate Market Report for September 2011 Brought to you by Nancy Murray Search all Pine Creek Homes for Sale
Pine Creek housing market for September showed strong positive signs. The average sales price is up 16% from one year ago and 14% from August. The median sales price is up 15% from September 2010 and 28% from August. The absorption rate, the number of months to sell of the current inventory at the same rate of sales, is 4 months for Pine Creek. The number of active listings is down 54% … (0 comments)
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Wolf Ranch, Colorado Springs, Zip Code 80924, Real Estate Market Report for September 2011 - 10/08/11 02:04 PM
Wolf Ranch, Colorado Springs, Zip Code 80924, Real Estate Market Report for September 2011 Brought to you by Nancy Murray
Search all Wolf Ranch Homes for Sale
The real estate market for Wolf Ranch is looking positive. Though average and median sales prices are down from one year ago, they are both up from August. Average sales price is up 12% from August and median sales price is up 8%. Number of active listings and sold properties remain about the same from one year ago and from August. The absorption rate for Wolf Ranch is 5.5 months, … (0 comments)
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The Academy School District 20 Real Estate Market - September 2011 - 10/08/11 02:03 PM
The Academy School District 20 Real Estate Market - September 2011
The sales in Academy School District 20 remained fairly steady from August to September. Average sales price remained about the same with median sales price decreasing 4.5% while days on market decreased 16%. With the summer selling season over, the number of new listings decreased 5.5% and active listings decreased 9%.
From one year ago, the number of solds increased 13%, average sales price increased 2.4% and median sales price increased 7%.
Absorption rate, the number of months it would take to sell off the current inventory at the current … (0 comments)
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My New Adventure - Murray & Associates with Keller Williams of Colorado Springs - 10/08/11 12:59 PM
I am ready to embark on a new adventure - Murray & Associates with Keller Williams of Colorado Springs.
I recently separated from my partner and have embarked on a new adventure, being a single agent again. I am still working with other experienced agents, thus the "& Associates" but no more official partnerships or teams. I really like the independence and the ability to make my own decisions. The partnership worked well for three years, but we were both ready for a change.
As part of my new adventure, I have had to create a new website. I am very … (2 comments)
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First Winter Storm for Colorado Springs - October 8, 2011 - 10/08/11 12:03 PM
First Winter Storm for Colorado Springs - October 8, 2011
So much for the first frost. This morning, in Colorado Springs, we woke up to our first winter storm of the season, freezing rain mixed with snow. With temperatures in the 70's just two days ago, we feel this is pretty sudden. I didn't even get a chance to clean out my new garden because just yesterday, everything was in full bloom. I guess I have my work cut out for me when the weather breaks.
I don't envy the local high school band kids, they have a competition scheduled in … (8 comments)
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