Home sales decreased by 27% in El Paso County for the month of January when compared to December 2010. There were only four fewer single family home sales in January 2011 when compared to January 2010. There were 599 additional single family homes for sale in January 2010. As long as interest rates remain low, […]
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 […]
When it comes to upgrading or remodeling, home owners should research the potential return on investment to decide if a home improvement is worthwhile. Over improving a home for the neighborhood is another factor to be aware of when it comes to remodels. If other homes in the neighborhood do not have granite counter tops, […]
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 […]
There were a total of 8,185 single family home sales in El Paso County in 2010 compared to 8,745 in 2009. 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 […]
Home sales increased by 16.1% in El Paso County for the month of December when compared to November! There were only six fewer single family home sales in December 2010 when compared to December 2009. There were 376 fewer single family homes for sale in December 2009. Home sales typically decrease during this time of […]
Home inventory decreased by 27.3% for the month of December 2010 when compared to six months ago (July 2010). Compared to the previous month of November, there was a decrease of 8.8% in single family homes for sale. Single family Inventory in the Pikes Peak MLS was 9.5% lower in December 2009 but there were […]
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 […]