There are so many factors to consider when buying a home in Colorado Springs such as price range, location, size, and amenities that buyers often forget to inquire about utility bills. Utility Bills? Yes, you heard me right. With the costs of everything going up lately including the price for natural gas and other Colorado […]
This post is a continuation of Buying a fixer upper in Colorado Springs – Part 1 if you are considering to purchase a home that requires work. 3. Do you have the time and the patience to remodel a home? Whether you interested in remodeling one room or gutting the entire house, patience is a must. […]
During your home search you will probably run across some homes that need work, there are many fixer uppers on the market in Colorado Springs. Before you consider buying a fixer upper, it is important to ask yourself a few questions: 1. Do you mind living in a construction zone? It is difficult for some […]
If you plan on selling a home in Colorado Springs and have a finished basement that has not been issued a permit, you may run into problems when selling your Colorado Springs home. For example, if the buyer is obtaining VA financing, the buyers’ VA loan will not be approved because it will not pass VA’s […]
You are probably paying Private Mortgage insurance (PMI) if you put less than 20% down on your home purchase; PMI protects your lender in the case buyers default on their loan.In addition to the initiation of the Mortgage Forgiveness Debt Relief Act of 2007, President Bush extended the PMI tax deduction through 2010. Homeowners are eligible […]
Sellers in Colorado Springs need to research the tax and economic consequences prior to making the decision of whether or not to short sale their home. Until recently, homeowners who sold their home through the short sale process would be 1099ed for the difference. The homeowner used to be required to pay taxes to Uncle Sam […]
You make the decision to call a Realtor in Colorado Springs about listing your home and to discuss the implications of a short sale. My advice to home sellers in this situation is to obtain legal and tax advice because a Realtor cannot advise you in this area. Conversely, your Colorado Springs Realtor can assist […]
You cannot afford to make your mortgage payment; maybe you have heard something about the option of a short sale and are not sure what it is. To put it simply, a short sale is the situation in which a homeowner cannot sell their home to cover the amount owed on their loan and is […]
Many different circumstances bring homeowners to a position where they cannot afford to pay their mortgage and often times, these unforeseen circumstances cannot be avoided such as a loss of a job. There are many homeowners in Colorado Springs who have found themselves in such a position and are not sure what to do. Should […]
Homes are selling in Colorado Springs if they are priced correctly. One of my listings in Colorado Springs recently went under contract in 19 days. The buyers bought a completely upgraded home in Ridgeview at Stetson Hills for a great price. Pricing in this market is key and can mean the difference between your home in Colorado Springs selling or […]