There are many types of foreclosures available in Colorado Springs and one type of foreclosure is a VA Repo. These types of properties are sold by the Veterans Administration (VA). There are a few important things buyers should be aware of when looking to purchase a VA Repo in Colorado Springs. 1. Inspection – Normally, […]
There were a total of 8,745 single family home sales in El Paso County in 2009 compared to 8,339 in 2008. Take a look below to view the total sales for major areas in Colorado Springs and surrounding areas. The Powers area of Colorado Springs had more home sales than any other area in Colorado Springs for […]
Fannie Mae and Freddie Mac have recently changed guidelines regarding seller contributions. If you are purchasing a second home that is not your primary residence, the seller can not contribute more than 2% of the purchase price toward buyer closing costs. In other words, if an investor purchases a home for $150,000, the seller cannot […]
Homes sales decreased by 21.5% in El Paso County for the month of December when compared to November 2009. There were 128 additional single family home sales in December 2009 when compared to December 2008. There were also an additional 1,000 single family homes for sale in December 2008. The average sale price ($223,143) and the […]
Home inventory has decreased by 23% for the month of December 2009 when compared to six months ago (July 2009). Compared to the previous month of November, there was a 8% decrease in single family homes for sale. Single Family Home Inventory has been steadily dropping over the past six months. It is good that […]