Colorado Springs real estate | Buying & Selling homeArea Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk Colorado you!

July 26, 2018

Quick Market Update June 2018

Quick Market Update--Co Springs Area This past June

In today's video, we are bringing you a quick market update from this past June for the Colorado Springs and surrounding areas. We will also be comparing last years numbers in June to this years and let you know what that means for you as a buyer or as a seller. 

June 2018:
Active listings: 2,162
Number Sold: 1,737
New Listings: 2,051
Median Sales Price: $324,750
Days on Market: 21

Tip of the Week: Prices matter! If you're going to list your home, list it correctly or it will sit on the market for longer than it should. If you're working with tight numbers call us at 719.822.1MOM and we will see if we can work around them. We have many military clients so are used to working with tight numbers and will do our best to get your house priced correctly for you and for the current market. 

Tune in next week where we'll be at one of the Vantage model homes up at The Farm in North Colorado Springs with Karen. We are going to see what Vantage does to stand out from all the other builders in The Springs. 

 

July 19, 2018

Why You Should Accept A VA Offer

This we week we are talking to our sellers about why you should accept a VA loan offer! Don't listen to the rumors you've heard because using a VA buyer can, in fact, benefit you as the seller. For one, if the appraisal comes back lower than the listing price, the listing agent has the opportunity to prove the home's worth to the appraiser. Second, VA turnaround times are quick which allows you to sell your home faster than with other loans. Lastly, qualifications for a VA loan aren't as strict so this allows the buyer to afford more of a home since VA fees and interest rates are lower than other loans. 

Tip of the Week: If you're thinking about buying, it's still a really good time! Rates are still fairly low but will rise by the end of the year. As well, homes are appreciating faster so you're also saving money by purchasing now. If you have any questions regarding buying or selling don't hesitate to call us at 719.822.1MOM!

Next Week: The numbers are in! We will be going over a quick market update for Colorado Springs for June.

 

 

 

July 12, 2018

Credit Rule Changes!

This week we have great news for our buyers who may not have initially qualified for a home loan. Recently, there have been four changes put into effect that will no longer count against your credit score. So even if you've talked with a lender in the last six months to a year, we highly recommend talking with them again to see if these changes have positively impacted your score.

1. Collections that are not at least 180 days old will be rejected by all three of the major credit bureaus. This will allow you more time to pay them off before they are reported.
2. Medical collections will no longer show as long as they are being paid whether it's by you or by your insurance company.
3. Collections that have not been updated in the last six months will no longer be a factor.
4. If you do not have an agreement with a contractor and are sent to collections it will not longer show on your report. 

These changes will now allow those of you who thought you couldn't qualify for a loan to now be able to do so! So call us at 719.822.1MOM and we will not only help you buy your dream house but also set you up with an awesome lender to help you get approved for your loan!

Tip of the Week: If you're looking to buy now is the time to talk to a lender. Even if you met with one last year call them up and see how these credit rule changes will impact your credit score. These changes could be benefitting you!

Tune in next week when we go over the top three reasons why sellers should be looking at VA offers over FHA or conventional loan offers. 

July 12, 2018

A Quick Market Update!

In this week's video, we are going over a quick market update for our buyers and sellers! The market is beginning to slow down and by slowing down we mean houses are selling within a week instead of within a few hours. This is good for buyers who are still on the fence about buying because this allows you more time to find your home and will help you to avoid potential multiple offer situations. For our sellers, this is still a good thing! Your home will still sell quickly but will also give you the time to make sure your home is show ready. 

Tip of the Week: We know we say it all the time, but if you're thinking about buying now is the time! The market is slowly steadying itself out so now you're able to make an offer at a more comfortable amount and not have to worry as much about other offers. If you have any questions we are always available at 719.822.1MOM.

Next week we'll be discussing credit rule changes which will be good news for those of you who may be discouraged about qualifying for a home loan!

May 9, 2018

How to Handle Multiple Offers as a Buyer and as a Seller!

 

With the market we are currently in, houses are selling like crazy causing multiple offer situations. So today we want to discuss with you how to handle multiple offers whether you are a buyer or a seller. Buyers need to be prepared to make multiple offers on multiple houses since the market is so competitive. We also discuss why being pre-approved is better than being pre-qualified. For sellers, it's important to look at all the offers and not just accept the highest one, as well it's important to have the right team on your side to help you decide which offer is best for you and your home. 

Tip of the Week: If you want to know how much your home is worth right now, give us a call at 719.822.1MOM! We can come and asses your home for free. We will be able to tell you what your home is worth and what things could be done in order to raise your equity even more.  

Thanks for tuning in and be sure to join us next week when we will be featuring a special guest!

Posted in Buying, Real Estate, Selling
April 5, 2018

What to Look for When Walking Through a Home

This week, we had a special guest, Andy Brewer, with ABC Home Inspection to walk us through some of the key things to look for when walking through a home.
You can save yourself a lot of headache by being aware of some red flags before getting to a formal inspection. As an example, Andy breaks it down about cracks and discusses that not all cracks are bad, but certain kinds are more telling than others.
For more home buying tips, call 719-822-1MOM!

Feb. 22, 2018

Common Questions When Buying a Home!

Buying a home can be intimidating and confusing. Maybe you'll find some answers you've been looking for in today's video! Tune in while we discuss these questions:

What's the first step?
How long does the home-buying process take?
How much does a realtor cost?
How do I qualify for a home without a down payment?
What are the upfront costs of buying a home?

Have more questions that need to be answered? Just start with the first step and contact us! We are happy to help you in any way that we can no matter where you are located or moving to!

Don't hesitate to give us a call to discuss your options! 719-822-1MOM!

 

Jan. 11, 2018

The Good & Bad of HOA's

 

This week we give you the good, the bad, and the ugly of HOAs. To start off we explain exactly what an HOA is and what communities use them most. HOAs vary from having strict rules to being more lenient and flexible of what they require of their residents. It's important when you're looking for a home to decide if you want to live in an area where there is an HOA and if so, look through the rules prior to buying to make sure you are able to abide by them. Some benefits of an HOA include trash costs, snow removal, or even lawn care.

Tip of the week: We say it all the time but NOW is the time to get into the market! Don't wait for the rates to go up or for your dream house to go on and leave the market before you get a chance to make an offer!

Thanks for tuning in and don't forget to give us a call at 719.822.1MOM for all your home buying and selling needs!

Dec. 28, 2017

How Appraisers Determine the Value of a Home!

 

This week we discuss how appraisers determine the value of a home. Appraisers start by doing a visual inspection of the interior and exterior of your home. Next, they look at comparable homes in the area along with the trends of the market where you live. Lastly, they will see what upgrades you do or do not have in comparison to other homes in your neighborhood. 

Tip of the Week: If you're thinking of upgrading anything in your home, give us a call first. We want to make sure you're investing in the appropriate upgrades and that you will get your investment back with the sale of your home.

Tune in next week as we discuss the Pros and Con's of living in an HOA.

As always feel free to give us a call at 719.822.1MOM to ask about upgrades, appraisals, or any buying or selling questions you may have!  

Dec. 21, 2017

Tips for the First Time Home Investor

 

Are you a lover of all things HGTV? If so, you've caught onto the house flipping trend. Though this is becoming more popular it is not as fun and easy as HGTV makes it seem. So this week we discuss some tips for anyone who is thinking of buying their first investment property.
For starters, know what type of investment you're getting into. Are you flipping and selling, flipping and renting, or flipping and living? Second, know your numbers. The biggest risk in an investment property is potentially running into expensive unforeseen issues that may not be visible initially. Next, do not bite off more than you can chew. An investment home can quickly turn into a money pit and you may lose out in your investment. Instead start small by finding a property that just needs cosmetic updates, put some cash in your pocket, and then you can move on to the next project. Lastly, Know the area. You want to make sure the home you're flipping fits in with its neighboorhood and is comparable when it is time to sell. 

Tip of the week: If you're thinking about flipping a home to live in, call us! We have many lenders that specialize in programs that help you buy an investment property and can help you finance all the projects that need to be tackled in the home. 

Tune in next week as we discuss how appraisers determine the value of your home. 

Never hesitate to call us for any of your home buying or selling needs at 719.822.1MOM!