Home buyers in Colorado Springs often worry more about the house they need to find vs. the mortgage loan. Over the past few years, the mortgage industry has changed tremendously and qualifying for a mortgage loan is becoming more of a challenge for today’s home buyers. Although a buyer may prequalify for a home, that […]
Many Coloradans are wondering why their home owner’s insurance premiums have increased. Some may have not realized there their homeowner’s insurance increased until they received an escrow statement from their bank requiring an adjustment on the existing mortgage payment. Your mortgage payment typically increases or decreases due to adjustments relating to your property taxes and/or homeowner’s […]
Home inventory levels have decreased by 24.1% for the month of January when compared to six months ago. There was a ever so slight increase in home inventory when comparing to the previous month of December. We will see inventory levels start to rise as we exit the slow season of real estate for Colorado […]
Home sales decreased in El Paso County by 12.3% for the month of January when compared to the previous month of December. Compared this time last year, single family home sales are 9.7% lower. Colorado Springs home sales will start picking up again as we enter the spring season. There were 64 additional single family […]
Ideally, buyers want to see the home they are purchasing but seeing a home in person is not always an option depending on the buyers’ current situation. Depending on the real estate market, homes can sell quickly making it difficult for out of state buyers. Fortunately, there are many great tools available to home […]
Buying or selling a home can be an exciting and emotional time. Sometimes, the stress of a transaction can make buyers and sellers feel like they are on an emotional roller coaster. Social media has grown enormously in recent years and many visit and post to social media sites daily, and in many instances, multiple […]
Home sales decreased in El Paso County by 4.1% for the month of December when compared to the previous month of November. Compared this time last year, single family home sales are 3.1% lower. Colorado Springs saw a dip in single family home sales when comparing to 2012 single family home sales in November and December […]
Home inventory levels have decreased by 22.1% for the month of December when compared to six months ago. There was also a decrease in home inventory when comparing to the previous month of November. The inventory levels continue to dip as we are now in the slow season of real estate for Colorado Springs. In December 2012, […]
With the recent fires and floods in Colorado Springs, buyers may wonder what happens in the situation a home they are under contract for purchasing becomes damaged prior to closing. Per the Contract to Buy and Sell Real Estate: 19.2. Damage, Inclusions and Services. Should any Inclusion or service (including utilities and […]
With foreclosures down in the city of Colorado Springs, the demand among buyers for finding a good deal has become more of a challenge compared to a few years ago. Buyers who are looking to purchase a home as a primary residence are competing against investors and cash buyers in the current real estate market […]