Tags: colorado springs homes
07/17/08
Can I buy a home in Colorado Springs with no down payment?
With financing regulations tightening up in the mortgage industry, many buyers ask if it is still possible to purchase a home in Colorado Springs with zero down. Due to the subprime mortgage mess, many of loan products are no longer available to buyers such as the 80/20 or 100% financing options. There are options out there for first time home buyers so if you have time, shop around and see what different lenders can offer you.
Hold off on large purchases when buying a home in Colorado Springs
If you are looking to purchase a home in Colorado Springs it is best to avoid making any large purchases. Having inquiries on your credit and increased debt as a result of 
buying a new car can affect your credit score. If your credit score drops as a result of making an expensive purchase, you may not be able to get the necessary financing in order to buy a home.
Many buyers ask their lender if they can place a downpayment on an expensive item and the answer to that question is usually "no." It is best to wait until after closing day to make any deposits or purchases for boats, motorcycles, etc... If you need to make an expensive purchase, always ask your lender first in order to avoid potential problems with your loan.
Search the Pikes Peak MLS
For information on the buying process and available Colorado Springs Housing please go to www.patricia-beck.com.
07/11/08
Now is the time to buy in Colorado Springs
Many buyers are reluctant to step into the market to begin looking for a home in Colorado Springs and are waiting for prices to drop even more. Although house prices are a factor, don’t forget about interest rates.
07/10/08
5 reasons to get a pre-listing inspection in Colorado Springs
1. No last minute surprises- If sellers find out about problems with their home before listing it for sale, they can make the necessary repairs instead of having to deal with it down the road when the home is under contract. Taking care of problems early on will make the transaction go more smoothly for everyone and may prevent the deal from falling apart at inspection time.
07/01/08
Real estate tip #2 for sellers in Colorado Springs
The market in Colorado Springs has changed and so has buyers’ expectations; don’t expect to sell your home for top dollar if it isn’t in tip top condition.
Buyers have so much variety to choose from in Colorado Springs and they don’t have to settle for a home that is in less than perfect condition. Many buyers want a home that is well priced and move-in ready.
06/25/08
Should you provide a home warranty?
There are so many different incentives sellers offer to buyers in Colorado Springs and a home warranty is one of them. Many buyers in today's market often request a home warranty be provided if it is not already offered by the seller when sumbitting an offer.
Colorado Springs Home Inventory Statistics
The real estate market has adjusted all over the country and the area of Colorado Springs is no different. So far, the number of home sales this year is approximately 8% lower than those of 2007. What does that mean for sellers? Do not be unrealistic about the price you can sell your home for in the current real estate market.
06/06/08
If you plan to sell, list during the peak season in Colorado Springs
If you are planning on putting up your home for sale, do not delay because the clock is ticking! Right now is the peak season in real estate for the Colorado Springs area. Why? The weather is much nicer from March-August and many buyers would rather move in the Spring and Summer months instead of during the Holidays and Winter months if given the option. Also, children are out of school for the summer and many parents prefer to find a home before their children return to school for the year in order to avoid the hassle of transferring their children to a different school after the school year begins. Hire an experienced Colorado Springs realtor, stage your home if necessary, and price it correctly in order to sell during the peak season for real estate in Colorado Springs!
Search the Pikes Peak MLS
To find out more about Colorado Springs Realty and the Colorado Springs Area contact me or visit my website.
Buyers can expect to see higher rates for mortgage insurance
If you are going to purchase a home in the Colorado Springs area and are going to obtain a loan without making a 20% down payment, mortgage insurance will be part of your monthly mortgage payment.
Sell your home in Colorado Springs before you buy another
Maybe your family has outgrown the current home you live in, you may want to be closer to your new job, or would like to live in a different area of town. Whatever the reason, many people desire to buy another home. Before you begin your home search, it is important to devise a plan.
Homes are clearly taking longer to sell in Colorado Springs than in previous years so it is wise to sell your current home before purchasing another.
06/05/08
Appealing the Assessed Value of your Colorado Springs Home
If you purchase a home and the assessed value is lower than the appraised value, you may submit an appeal to the El Paso County Assessor's Office in order to lower your property taxes. Make sure and read through all of the information regarding appeals on the Assessor's website.
05/13/08
Upgrade light fixtures in your Colorado Springs home!
Lighting is often overlooked by many homeowners and upgrading light fixtures in the home can make a home more appealing. If you are planning on selling your home in Colorado Springs, you may want to consider upgrading your light fixtures if they look dated.
05/08/08
Foreclosure in Colorado Springs
There is no longer a redemption period for homeowners in Colorado Springs as of January 2008. In other words, once a Colorado Springs home goes to sale through the El Paso County Public Trustee and is sold to a buyer, the homeowner no longer has 75 days to redeem the property like in the past.
05/06/08
Colorado Springs Short Sales: Part 5
So you have done your research and made the decision to list your home with a realtor in Colorado Springs. As difficult as the situation may be selling your home under these circumstances, it is important you continue to keep your home in good condition.
Inspect the stucco before buying a home in Colorado Springs
Stucco has become increasingly popular in recent years. It not only looks nice but requires low maintenance when compared to other types of traditional siding. If you are buying a home in Colorado Springs that has a stucco exterior, make sure and have the stucco inspected.
05/02/08
Don’t forget to ask about utilities when buying a home in Colorado Springs
There are so many factors to consider when buying a home in Colorado Springs such as price range, location, size, and amenities that buyers often forget to inquire about utility bills. Utility Bills? Yes, you heard me right.
Buying a fixer upper in Colorado Springs - Part 2
This post is a continuation of Buying a fixer upper in Colorado Springs – Part 1 if you are considering to purchase a home that requires work.
Buying a fixer upper in Colorado Springs - Part 1
During your home search you will probably run across some homes that need work, there are many fixer uppers on the market in Colorado Springs.
04/29/08
Colorado Springs Short Sales: Part 3
You make the decision to call a realtor in Colorado Springs about listing your home and to discuss the implications of a short sale.
Colorado Springs Short Sales: Part 2
You cannot afford to make your mortgage payment; maybe you have heard something about the option of a short sale and are not sure what it is.
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