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The Difference Your Interest Rate Makes

by Alan Daniels

Your interest rate when buying a home in Colorado Springs makes a huge difference.  Especially if you plan on staying in the home for a while.  Here is an extremely helpful Infographic so you can better understand the effects.

Contact us today to put a plan together.

Strong National Desire to Buy a Home in 2016

by Alan Daniels

The National Association of Realtors (NAR) surveyed a sample of U.S. households to help track topical real estate trends, including current renters and homeowners' views and aspirations regarding homeownership.  Whether they believe it's a good time to buy or sell a home along with expectations of the mortgage market and much more.  Here are the results.  Let me know what you think in the comment section below.

Here is a link to the complete survey results.

New Home Building up in 2016!

by Alan Daniels

Listing inventory is extremely low and will continue to be in 2016 which is why Colorado Springs home builders will push to build the most new homes annually since 2006.  How will this effect your plans?

Home Sellers - This will create additional inventory but with the extreme lack of inventory it should not rain on your parade in 2016.  It will be interesting to track the effects of home builder inventory over the next 5 years though.  If you have a home in a new home community you will need a good Colorado Springs Realtor to come up with effective marketing techniques to compete with new homes.

Home Buyers - Additional inventory is great news for you!  The more the better they say and the same holds true when trying to find your dream home.  Make sure you are working with a Realtor who has access to every resale property and new home option.  When looking at new homes your Real Estate Agent should be able to show you the pluses and minuses whether buying a new home or resale.

Contact us today to put a plan together for you.

24% of Recent Homebuyers Are Single

by Alan Daniels

Singles are not waiting to buy their dream home in Colorado Springs.  Checkout the national averages for recent home buyers nationally.

Click Here to start your home search now.

Mortgage Requirements Eased!

by Alan Daniels

Mortgage requirements have eased while many potential home buyers believe they can't qualify for a mortgage and don't even try.  The biggest confusion is what credit score is necessary to qualify for a home loan.  A recent survey reported that two-thirds of the respondents believe they need a very good credit score to buy a home with 45% thinking a "good credit score" is over 780.  The actual numbers show the required credit score is much lower and has been dropping over the last several months (according to Ellie Mae).

Colorado Springs Mortgage Credit Score

If you are one of the many who are considering a home purchase you may be surprised on your ability to acquire a mortgage.  Contact us today to simplify this for you and discuss your options.

Mortgage Rate Increase!

by Alan Daniels

There are countless forecasts that the interest rates are going to rise in 2016.   It is important to consider what rates will do if you are planning on purchasing a home in 2016 or beyond.  Below is a chart showing the forecasted rate increase which could impact your purchase power when buying a home.

Colorado Springs Mortgage Rates 2016

Now that you see where rates are forecasted to be here is a table showing how interest rates would impact the purchasing power of a prospective buyer on a $300,000 home.

Easy to see that if you are considering a home purchase, purchasing sooner rather than later will most likely make more sense financially over time.  Contact us today to put a 2016 plan together for you.

Broadmoor Homes For Sale

Million Dollar Monday - Check out this $3 million historic estate in the Broadmoor on 9 acres of pristine land with incredible views of the mountains and golf course.  This property was once a well known polo club near the prestigious Broadmoor and still caries the charm and characteristics.

Home Details:Broadmoor Homes For Sale - Real Estate

  • Over 6, 000 square feet
  • 9.07 acres of dream land in the coveted Broadmoor area
  • 4 Bedrooms, 5 baths, 3 car garage
  • Once a well known polo club
  • 52 Marland Road

Curious on what $3 million will buy in the Broadmoor area of Colorado Springs?   Click here to view all of the photos and details on this property instantly.

Broadmoor Homes For Sale - Real Estate

Effect of Foreclosures in Colorado

by Alan Daniels

Home values are on the rise in Colorado putting us at the lowest foreclosure levels in approximately 8 years!  Colorado has one of the lowest rates for foreclosure around the nation which has contributed to the states extremely low housing inventory.  Great news for those looking to sell their home as we have all seen those frustrating sales in our neighborhood where the banks gave away properties at a super low price.  Have you seen the latest sold properties in your neighborhood? I bet you'd be presently surprised.  Click here to view home values in your neighborhood.

Colorado Springs Foreclosures

Click Here to see all Colorado Springs Foreclosures For Sale

Displaying blog entries 1-8 of 8

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