Colorado Springs Real Estate

Colorado Springs Real Estate Blog


Monthly Archives: April 2009

Colorado Springs Real Estate: Changes with CHFA

Posted on April 29, 2009 by Patricia

Many home buyers in Colorado Springs that would like to buy a home but cannot afford the down payment choose to obtain down payment assistance from the Colorado Housing and Finance Authority (CHFA). Formerly, borrowers were not required to make any payments on the money received … Continue reading →

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Colorado Springs Real Estate: Earnest Money

Posted on April 29, 2009 by Patricia

Many buyers have been asking me questions recently related to Earnest Money so I thought I would provide a quick FAQ below. Q:  What is Earnest Money? A:  Earnest Money is provided to a home seller as a sign of … Continue reading →

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Military Relocation: Do you still have a FICO score?

Posted on April 29, 2009 by Patricia

If you are interested in purchasing a home but haven’t used credit in 6 months or more, you may not have a FICO score.  This may be an issue for those in the military who have been overseas for some time … Continue reading →

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Bank owned properties in Colorado Springs – Negotiating the purchase price

Posted on April 23, 2009 by Patricia

If you are looking to purchase a bank owned property and want a bargain, take a look at how many days the home has been for sale before submitting your offer. If the home has been on the market for … Continue reading →

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Colorado Springs Buyers: 5 pitfalls of short sales

Posted on April 20, 2009 by Patricia

A property becomes a short sale listing when the homeowner owes more on the mortgage than what the property can be sold for in the current market.  Many homebuyers are interested in purchasing pre-foreclosures since they are often listed below market … Continue reading →

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What buyers need to know about double closings

Posted on April 19, 2009 by Patricia

Buyers in Colorado Springs have probably noticed some of the short sale properties they have seen are double close transactions.  An investor usually negotiates the short sale with the bank in advance for the seller and then finds a buyer for … Continue reading →

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Single Family Home Inventory Stats for El Paso County – March 2009

Posted on April 10, 2009 by Patricia

Home inventory decreased by 13.1% for the month of March 2009 when compared to six months ago (October 2008). Compared to the previous month of February, there was a slight increase of .3%in single family homes for sale.  In the month … Continue reading →

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Single Family Home Sales for El Paso County – March 2009

Posted on April 10, 2009 by Patricia

Homes sales increased by 12.3% in El Paso County for the month of March when compared to February 2009.  Home sales will start increasing now that we have entered the busier time of the year for real estate in Colorado Springs. … Continue reading →

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Real Estate Market Report for Meridian Ranch – March 2009

Posted on April 8, 2009 by Patricia

Real Estate Market Report – Meridian Ranch – March 2009 Average List Price: $325,890 Average Days on Market (active listings): 188 days Absorption Rate: 5.3% List Price vs. Sale Price Ratio: 97.6% Contact me for additional information about homes for … Continue reading →

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Colorado Springs Real Estate – Market Report – Newport Heights – March 2009

Posted on April 8, 2009 by Patricia

  Colorado Springs Real Estate Market Report for Newport Heights Subdivision – March 2009 Average List Price: $308,520 Average Days on Market (active listings): 184 days Absorption Rate: 1.5% List Price vs. Sale Price Ratio: 96.9% Contact me for additional … Continue reading →

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