Home inventory decreased by 9.7% for the month of April 2009 when compared to six months ago (November 2008). Compared to the previous month of March, there was a decrease (1.3%) in single family homes for sale. It is good that we are seeing inventory levels remaining steady while home sales are increasing; this will […]
Homes sales increased by 25% in El Paso County for the month of April when compared to March 2009. Home sales should continue increasing now that we have entered the busy time of year for real estate in Colorado Springs. There were only 64 additional single family home sales in April 2008 when compared to total single family home […]
Real Estate Market Report – Peregrine (past 6 months) Average List Price: $647,632 Average Days on Market (active listings): 195 days Absorption Rate: .67% List Price vs. Sale Price Ratio: 92.9% Patricia Beck – Selling Colorado Springs Homes *Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Briargate is located in the Northern area of Colorado Springs and in School District 20. A total of 57 single family homes sold in the month of April with the average sale price of $279,142. The average days on market for homes that sold in April 2009 was 103 days. There are a total of 140 properties […]
Clutter – Removing clutter will make rooms appear more spacious and clean. Cluttered rooms make it difficult for buyers to clearly visualize their own belongings in the home. Cleanliness– Keeping your home clean for showings takes work but a messy home is not appealing to a prospective buyer in Colorado Springs. Make your home stand […]
Increasing the chances of your home selling in the current market takes more work than it did in the past. It is still a buyer’s market and with many homes for sale in Colorado Springs, marketing your home properly has never been more important. One of the most crucial factors in getting your home sold […]
Finding a home is an exciting process; although you may want to start looking at homes right away, it is very important to get prequalified first. The last thing you want to do is find a home you like only to find out that you do not qualify to buy it! Looking at homes you cannot afford is a waste of your time. […]
Many home buyers in Colorado Springs that would like to buy a home but cannot afford the down payment choose to obtain down payment assistance from the Colorado Housing and Finance Authority (CHFA). Formerly, borrowers were not required to make any payments on the money received for the down payment (Silent 2nd Mortgage) until they sold or refinanced their home. Now, […]
Many buyers have been asking me questions recently related to Earnest Money so I thought I would provide a quick FAQ below. Q: What is Earnest Money? A: Earnest Money is provided to a home seller as a sign of good faith by a home buyer. It provides the seller with a guarantee that the […]
If you are interested in purchasing a home but haven’t used credit in 6 months or more, you may not have a FICO score. This may be an issue for those in the military who have been overseas for some time and plan on relocating. Lenders look at your credit score during the prequalification process. Until […]