real estate: The Last Minute Credit Check and Your Home Loan - 08/04/08 02:43 PM
As a Home Loan Applicant...Did You Know?The mortgage lender may run a second credit report just prior to closing.Red flags that appear in this credit report can disqualify you for the mortgage loan at the last minute.This often means that you will also loose your earnest money for failing to perform as … (0 comments)
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real estate: Can I do a Short Sale? - 08/04/08 01:28 PM
I recently received the following question from a home owner in financial distress:
"How do I do a short sell on my own house without having someone else do it? I dont want a middle man or women to make money from something maybe I could do myself?
Here is … (2 comments)
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real estate: Homes Selling for less than bought in 2007 - 08/04/08 01:07 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 are my options?"
Here is my response:
… (0 comments)
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real estate: "Normal" Home Price Adjustments - 08/04/08 12:52 PM
I recently received the following question from a home owner attempting to sell his own property For Sale By Owner (FSBO) without professional assistance.
"What is the "normal" time period to make a price reduction on a home for sale? My condo has been up for sale almost 30 days. I've … (1 comments)
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real estate: Who is the Best Realtor or Real Estate Company in Colorado Springs? - 08/01/08 05:04 PM
I recently received the following question from a home seller in Colorado Springs:
"Who would you say is the best realtor company in Colorado Springs, Co?"
Here is my response:
Hi Alice :o)This is a very tempting question to ask someone in the real estate profession, because it begs them to … (0 comments)
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real estate: Is this a good time to buy in Colorado Springs? - 08/01/08 04:22 PM
I recently received this question from a home buyer in Colorado Springs
We have a contract to buy in Co Springs, but mortgage companies are telling us it's a declining market We will need to sell in summer of 2011, is this a good time to buy?? We're paying about $93/finished … (0 comments)
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real estate: Relocating to Colorado Springs - 08/01/08 03:53 PM
I recently received this question from a home buyer who may be relocating to Colorado Springs
We are looking at a possible job relocation to Colorado Springs within few months. How has the housing market held up (good incentives on builders, resales, etc?) and what are some good communities. We have three children … (0 comments)
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real estate: The Colorado Springs Real Estate Sales Market - 08/01/08 03:48 PM
I recently received the following question from a home seller in Colorado Springs.
"Got a house for sale in 80920 - but the market is very slow. Any one else having luck? Any suggestions?"
Here is my response
Hi Golfer Even during the current market correction, many of the properties I … (0 comments)
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real estate: 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 … (0 comments)
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real estate: 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 … (0 comments)
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real estate: 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 … (0 comments)
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real estate: 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 … (0 comments)
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real estate: Return of Renter's Deposits - Know Your Rights - 12/07/07 04:38 AM
Notice: Unless they are an Attorney, Colorado Real Estate License holders are prohibited from giving legal advice and are required to recommend that you seek legal or tax advice from attorneys or other qualified advisors. The following is provided for informational purposes only and should not be substituted for legal advice … (0 comments)
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real estate: Housing Market Remains Healthy In Pikes Peak Region - 08/27/07 07:39 PM
Most of my clients have heard me say it many times...real estate is a local phenomena and what may be true in one market is usually not true in another. Despite all the gloom and doom from some of those in the media and elsewhere, more than halfway through 2007 the … (0 comments)
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real estate: Colorado Springs Real Estate Market Watch - 06/02/07 02:05 AM
According to recent statistics, the buyer's market in Colorado Springs continued through the end of April. The total number of listings on the market was up to over 8000 single-family homes, condos and town homes available on the market. There was an increase of over 26% more homes listed for sale in April … (11 comments)
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