Fannie Mae and Freddie Mac have recently changed guidelines regarding seller contributions. If you are purchasing a second home that is not your primary residence, the seller can not contribute more than 2% of the purchase price toward buyer closing costs. In other words, if an investor purchases a home for $150,000, the seller cannot […]
If you are trying to sell your home and are interested in purchasing new construction, keep reading. Many builders are not entertaining contingency offers in the current real estate market. Builders would prefer building homes they already have a buyer for then to be stuck with new homes they cannot sell. If you are trying […]
Colorado Springs Real Estate Market Report for Vista Grande Subdivision- January 2009 Average List Price: $174,318 Average Days on Market (active listings): 162 days Home Inventory: 5.1 months Absorption Rate: 3.2% List Price vs. Sale Price Ratio: 98% Contact me for additional information about homes in the Vista Grande Subdivision of Colorado Springs. Providing real estate […]