Great news for sellers in Colorado Springs that experienced a short sale in 2014. Fortunately, the mortgage debt forgiveness act was extended one more year. Homeowners that faced a hardship and were forced to short sell their home do not have to worry about the deficiency amount since it will be forgiven under the […]
The real estate market is constantly changing. Another recent change that will impact home sellers is the inspection. Buyers often hire a home inspector once they go under contract and then put requests in writing for any repairs. Buyers and their Colorado Springs Real Estate Agents are usually very specific as to who needs to […]
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 […]
Many home buyers have made a 5-piece master bathroom one of their requirements when searching for a home in Colorado Springs. In recent years, many homeowners who remodel their master bathroom are removing the tub in exchange for a larger shower. The absence of a tub allows for more space to work with when […]
Many sellers assume they are eligible for a short sale without speaking to their bank first. Home sellers with an FHA loan need to be aware of a factor that may not allow them to short sale their property. Home owners who rented out their property for 18 months or more are not eligible for […]
Many homeowners who purchased a home in Colorado Springs between 2009 and 2010 benefited from the most recent tax credit of $8,000 ($6,500 for long-time residents) and those who were active duty in the military, had a one year extension (April 30, 2011). A lot can change in a couple of years and many homeowners […]
The inventory in Colorado Springs has dropped considerably compared to previous years. There are around 3,000 single family homes actively for sale right now in El Paso County and less than 1,500 homes for sale below $250,000. There are also 1,200 fewer single family homes on the market than this time last year. Buyers recognize […]
I was showing a home to a buyer recently and the seller happened to be present. I mentioned to the homeowner that one of the streets leading to her home was missing from the directions that were listed in the MLS. Since she had not reviewed the listing information for her home, she requested I […]
There is no doubt about it, short sales can be difficult when you are the owner. The banks require an enormous amount of information and paperwork from the seller and a short sale transaction can take time to complete. When you reach the end, as a seller, you are happy the short sale is closed […]
People who opt to sell their home to an investor or company may not always be in a situation of financial distress. Maybe a seller is in a rush to move and prefers to unload their house as quickly as possible. It may occur where a home owner unexpectedly moves into a nursing home and […]