With the recent fires and floods in Colorado Springs, buyers may wonder what happens in the situation a home they are under contract for purchasing becomes damaged prior to closing. Per the Contract to Buy and Sell Real Estate: 19.2. Damage, Inclusions and Services. Should any Inclusion or service (including utilities and […]
With foreclosures down in the city of Colorado Springs, the demand among buyers for finding a good deal has become more of a challenge compared to a few years ago. Buyers who are looking to purchase a home as a primary residence are competing against investors and cash buyers in the current real estate market […]
Home sales decreased in El Paso County by 23.7% for the month of November when compared to the previous month of October. Compared this time last year, single family home sales are 4.3% lower. This is the first time this year that we have had fewer home sales when comparing to 2012 single family home sales. […]
Home inventory levels have decreased by 4.9% for the month of November when compared to six months ago. There was also a decrease in home inventory when comparing to the previous month of October. The inventory levels continue to dip as we are now in the slower season of real estate for Colorado Springs. In November 2012, […]