Sellers often want to put their home on the market for sale as soon as possible even if the home is not quite in showing condition. Painting, decluttering, or cleaning the carpets may be a few things that still need to be done. Sellers may wonder: Is it a good idea to put my home up […]
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 […]
With low interest rates and home prices, now is the time to invest in real estate. Investors from other states and even from Canada are looking at properties in Colorado Springs. These real estate market conditions will not last forever in Colorado Springs and that is why it is such a great opportunity for people […]
The competition for home sellers is pretty fierce in Colorado Springs. Sellers have to compete against bank owned and short sale properties in the same neighborhood that are selling for much less. Homes that are overpriced in Colorado Springs are not selling, especially if they are outdated. Many sellers receive feedback from showing agents stating […]
Home inventory decreased 7.6% for the month of October 2010 when compared to six months ago (May 2010). Compared to the previous month of September, there was a decrease of 7.7% in single family homes for sale. We are now in the slower season for real estate in Colorado Springs and can expect inventory levels […]
Homes sales increased by 4.6% in El Paso County for the month of October when compared to September. There were 142 fewer single family home sales in October 2010 when compared to October 2009 (18.4% decrease). There were 671 fewer single family homes for sale in October 2009 as well. Home sales typically decrease during […]