Listed home with Minimal Traffic and No Offers - 07/31/08 06:15 PM
I recently received the following question from a web site visitor in the Colorado Springs Area.
My parents have a home listed in the 80132 area and are priced at 175 per sq foot. Ive noticed the avg to be at 150ish. The home has been upgraded in the last year kitchen and bathrooms paint carpet thus the reason for the ppsf. The traffic has been minimal with no offers any suggestions. Thanks
Here is my response
Hi Helena :o) Pricing a property correctly for the market, along with how aggressively it is marketed by the Realtor Professional, is critical … (0 comments)

Real Estate Investing in Colorado Springs - 07/31/08 06:10 PM
I recently received the following question from someone looking to purchase real estate as an investment.
With house prices looking more reasonable we are considering buying a second home to use as a rental/investment property. What about renting a vacation home in Manitou or Green Mt. Falls vs. a standard rental in Colorado Springs?
Here is my response:
Hi Lisa :o) Most of the experienced investors I work with are also taking advantage of the current market correction to expand their rental portfolios, so you should be congratulated on being very savvy. Rental Rates in the Manitou Springs and Green Mountain … (0 comments)

My Home is Worth Less Now than when I Purchased in 2007 - 07/31/08 06:03 PM
I recently received the following question from a home owner in Colorado Springs.
"I bought a new Pulte townhome in Feb 2007. Since then the builder has dropped prices about $30k. I seriously need to move but now I am really upside down. What can I do?"
Here is my response: 
Hi Mandy :o) I am very sorry to hear about your situation and I know such uncertainty creates a lot of stress, but you should know that you are not alone. The current market correction is making it very difficult for sellers who have purchased their homes in the last 3 … (0 comments)

What's a reasonable offer for property in Colorado Springs? - 07/31/08 05:55 PM
I recently received a question from a home buyer asking about Making a reasonable offer for a property in Colorado Springs? The Questions was:
"We are moving to Colorado Springs and would really like to buy an older home for our first home. Perferably in OCC or CEN. We are planning a house hunting trip for Aug. However so many of the homeshave been on the market for months. Some of the prices have dropped, not all though. How do we make an offer on a home that has been on the market for so long?" 
Here is my response.
Hi … (0 comments)

Colorado Springs Home Selling and The Current Market - 07/16/08 04:34 PM
Even during the current market correction, many of the properties I have marketed have sold in less than 30 to 45 days and several have sold in less than 2 weeks, so it is still possible to do with the right strategy.
Pricing right is critical to moving a property which is why it's extremely important that the Realtor Professional you choose to work with has had continuing education on how to do a property price analysis and understand appraisal methods.
Also vital to selling a property is marketing strategy. Gone are the days that just putting a sign in the … (0 comments)

Renovating the FHA 203(k) Way - 07/11/08 03:17 PM
With so many home foreclosures and short sales on the market that are in need of "TLC" or a "Handyman's Touch" and with 100% financing virtually gone the way of the Do Do, many first time and lower income home buyers who want to take advantage of the buyer's market by investing in a home are wondering how to get into an inexpensive property where they can build some equity and not have a lot of out of pocket rehab and renovation expenses.
The answer is the FHA (Federal Housing Administration) Section 203(k) Program. The qualifications, eligibilities and process can be … (9 comments)

 
Brian_oct_06_003

Brian L. A. Wess: CRS, CDPE, ABR, GRI, CSR, SFR, ASR

Colorado Springs Real Estate Broker & Consultant

Colorado Springs, CO

More about me…

Infinite Horizons Realty - Metro Brokers

Address: 2910 N. Powers Blvd, #174, Colorado Springs, CO, 80922

Office Phone: (719) 528-6672

Cell Phone: (719) 528-6672

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