If you are trying to sell your home and are interested in purchasing new construction, keep reading. Many builders are not entertaining contingency offers in the current real estate market. Builders would prefer building homes they already have a buyer for then to be stuck with new homes they cannot sell. If you are trying […]
Water supply may be overlooked by buyers when purchasing a home in Colorado Springs. With the exception of well water, homes in Colorado Springs are supplied with Municipal or Association/District water. Municipal water is provided by Colorado Springs Utilities while the water for newer areas such as east of Marksheffel Rd, is provided by Districts. […]
Many homes in Colorado Springs built in the mid 70’s through the late 90’s had Polybutylene plumbing installed since it was more economical than copper. It was later discovered the Polybutylene pipes had problems with deterioration in addition to problems with the aluminum fittings. As you can imagine, this would cause flooding and major water problems for homeowners. Homeowners who have Polybutylene plumbing […]
When out looking at homes, buyers can save themselves a lot of wasted time by paying attention to possible problems with the home before submitting an offer. Many first time home buyers in Colorado Springs are seeking bank owned properties but if the buyer is obtaining FHA or VA financing, FHA or VA guidelines may make […]
It can be tricky timing everything correctly when selling one home and buying another at the same time. Closing on two homes in the same day is not uncommon but can pose problems if there are any delays with the transaction being funded on time. Per section 4.3 of the Contract to Buy and Sell […]
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 the seller with a guarantee that the […]
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 not going to negotiate much on the […]
There is another advantage available to first time home buyers who purchase a home between January 1, 2009 and November 30, 2009. First time home buyers or buyers who have not owned a home in the last three years will benefit from the $8,000 tax credit. Additionally, there are income limits (75K single and 150K […]
Colorado Springs Real Estate Market Report for Vista Grande Subdivision- January 2009 Average List Price: $174,318 Average Days on Market (active listings): 162 days Home Inventory: 5.1 months Absorption Rate: 3.2% List Price vs. Sale Price Ratio: 98% Contact me for additional information about homes in the Vista Grande Subdivision of Colorado Springs. Providing real estate […]
There is a bank owned property that just hit the market in Ridgeview at Stetson Hills. This subdivision is located near Powers and Stetson Hills and is comprised of Melody, Pulte, Richmond American, and John Laing homes. Floor plans in the area consist of 2-story, ranch, and mutli-level homes. This specific home for sale is […]