Buyers will most likely view a bank owned or a short sale property during their search for a home in Colorado Springs. Bank owned and short sale properties are often priced more competitively when compared to other homes for sale in Colorado Springs. Although lower priced homes are appealing, buyers must weigh the risks when […]
Home buyers in Colorado Springs are likely to come across short sale properties for sale during their home search. Although short sale properties can often be purchased for below market value, buyers should take a few things into consideration before committing to a short sale. 1.) Interest Rate: Buyers can often lock the interest rate […]
I have had many buyers recently ask me if a buyer’s agent can show any listings from the Multiple Listing Service (MLS). Some buyers think agents can only show their own listings or listings advertised through their brokerage office. Real estate agents are able to show listings marketed by other real estate offices and agents. […]
Home buyers in Colorado Springs that would like to buy a home but cannot afford the down payment can choose to utilize down payment assistance through the Colorado Housing and Finance Authority (CHFA). Borrowers must meet certain requirements in order to qualify for CHFA financing. Home buyers qualifying for CHFA are required to make a minimum contribution of […]
Due to House Bill 1133, investors will experience some changes when it comes to fixing and flipping homes in 2011. Investors who purchase a short sale and plan on flipping the property in less than 14 days are required to disclose the information to the seller and the seller’s lender prior to the closing of […]
Until January 1, 2011, investors who purchase a short sale property are required to use a different contract under the Colorado Foreclosure Protection Act. The purpose of the act is to protect home sellers who are facing foreclosure and receive a purchase offer from a buyer who is not planning on occupying the home as […]
It is easy to focus on the house and lot you are looking to buy and forget about the surrounding area. In many instances, there is vacant land near the home or behind the home. Buyers should research how the land will be used in the future years to come and how it is zoned. […]
When buying a new home, there are additional costs that can quickly increase the purchase price of the home being built. Although some of these costs are common with every builder, they often offer different incentives such as free landscaping so it is a good idea to take time and find out what incentives different […]
Obtaining a mortgage loan has become a more difficult and frustrating process for home buyers. Furthermore, appraisals subject to specific conditions (i.e. roof repair) can cause additional barriers with financing. Most loans take approximately 30 days to close so buyers acquiring financing cannot always close on a home as quickly as they would like. Being […]
Investors who purchase property can either fix it up and then sell it or hold onto the property and keep it as an investment. Although an investor can decide which way to go when buying a property, the real estate market in an area often determines the best option. The rental market in Colorado Springs […]