Colorado Springs Realty Blog

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 pa… more »

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 good faith by a home buyer.   It provides… more »

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 and plan on relocating.  Lenders look at your cred… more »

    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 30 days or less, the bank is probably… more »

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 preforeclosures since they are often listed below market valu… more »

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 the propert… more »

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 of March, the home… more »

Homes sales increased by 11% 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. There were 156 more single… more »

Real Estate Market Report - Meridian Ranch - March 2009 Average List Price: $325,890Average Days on Market (active listings): 188 daysAbsorption Rate: 5.3%List Price vs. Sale Price Ratio: 97.6% Contact me for additional information about homes for… more »

  Colorado Springs Real Estate Market Report for Newport Heights Subdivision - March 2009 Average List Price: $308,520Average Days on Market (active listings): 184 daysAbsorption Rate: 1.5%List Price vs. Sale Price Ratio: 96.9%   Contact me for a… more »