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Where Are Interest Rates Going in 2016?

by Alan Daniels

Interest Rate Forecast and Colorado Springs Homes For Sale

Colorado Springs Home Loans - Interest Rates

Prices of homes in Colorado Springs and interest rate forecasts are extremely important to consider this year. Thinking of buying a home in 2016 or know someone who is? Rates are forecasted to go up as are home prices in Colorado Springs which could quickly effect the amount of home you'll be able to buy. Take a look at this projection chart above and see if finding a home in 2016 makes financial since to you or anyone else you know who is on the fence.

Houses in Colorado Springs are going up in value while rents are rising at massive rates so make sure to take action and begin researching your options.

Why Real Estate will Build Your Family Wealth Over The Next 5 Years

by Alan Daniels

The economy has been improving and Americans personal financial situations have also improved.  Many are now beginning to save and find the best ways to build their net worth.  Real estate is one of the top ways to dramatically increase your family's wealth.  

Take a look at this example based on market forecasts where a young couple purchases a home for $250,000 and makes over $42,000 in potential growth in family wealth over the next five years.  Definitively blows away renting while your landlord increases their wealth on this principle.

Next step is buying real estate as investments where you can multiply this increase in personal wealth.  Want to see what is available in your price range for a personal residence or investment?  Click Here to view all Colorado Springs homes for sale

Newest Colorado Springs Listings

by Alan Daniels

Wanting to see the latest up to date Colorado Springs listings before other home buyers do?  Don't rely on any of the unreliable national websites where we have seen listings outdated by as much as 8 months to a year.  Be sure to checkout our advanced Colorado Springs home search that is updated multiple times per day with all the details you want to make your search a breeze. 

Here are two links for your convenience:


January Update:  Listing Inventory is on the rise.  Sellers this is a good time to list before the summer competition hits.  Buyers this is a good time to start looking as inventory finally starts to increase following the holidays.

See All New Listings and Price Reductions!

by Alan Daniels

Check out these new resources!

Newest Listings on Market - Stay on top of the newest listings on market to find your dream home before someone else does.  There are currently over 4,000 listings in our local MLS so this is a great way to see what is new and has the most potential compared to stale listings that have been on market since you graduated from High School.

Price Reduced Search -  Want to get a jump on the latest price reductions on market?  This is a great way to track the latest price reductions on market.  Another great way to view the freshest listings on market while other buyers are stuck trying to weed through over 4,000 listings.  Another reason why we have one of the Top Home Searches in the Pikes Peak Region.

Newest Colorado Springs Homes For Sale

5734 Gallantry Ln - Colorado Springs Featured Listing

by Alan Daniels

Indigo Ranch Homes For SaleNew listing in Chaparral Point at Indigo Ranch. This charming home is located right across the street from a park and has incredible views of Pikes Peak.  This home boasts a large living room with a gas fireplace and beautiful laminate wood floors.  Enter into the dining room with tile floors and access to the backyard. There is a good sized kitchen with nice appliances and a center island next to the dining room. A half bath, laundry and man cave complete the first floor. Upstairs are three bedrooms and two full baths. The master has a walk in closet and dual sinks in the bath. In the back I a nice patio and yard fully fenced. Along with the tandem two car garage. Close to the powers corridor with shopping, dining, movie theater and lots more.

Click Here to find more info and photos on this wonderful Indigo Ranch Home.

Checkout Our New Home Search with Top Resources!

by Alan Daniels

Colorado Springs Homes For Sale

We are proud to announce that we have upgraded and launched our New Home Search Resource.  Click Here to take a look at it to see why it is one of the best home searches in Colorado Springs and Monument.  Here is a list of just some of the best tools the search provides.

  • Search thousands of listings in the Pikes Peak Region.
  • View tons of details, photo slideshows, virtual tours and more.
  • View various map views with points of interest, get directions and more.
  • Search by map to find homes near points of interests.
  • View the newest added listings on market and most recent price reductions to get a jump on the best homes before other buyers do.
  • Checkout the Lifestyle portion of the search that lets you search by importance of highly rated schools, low crime ratings, median home income, type of neighborhood, cost of living and commute time.
  • Find Luxury Homes in Colorado Springs and surrounding areas.
  • Find New Construction and New Homes in Colorado Springs and surrounding areas.
  • Search All Foreclosure Properties.
  • Search by city, zip code, address, subdivision/neighborhood, school district, MLS number, MLS area
  • Create a search alert to update you with matching properties instantly.
  • Save and organize favorite listings and previously viewed homes.
  • Choose from tons of criteria to find the best matches for you.
  • Updated multiple times a day to provide the most recent and relevant results.  Don't count on other outdated searches as this search allows buyers to find the best home first.

1985 Bucolo Ave - Colorado Springs Featured Listing

by Alan Daniels

1985 Bucolo Ave | Colorado Springs | Claremont Ranch

Wow!  This is a must see Former Model Home in Claremont Ranch. This 2 story home has it all with stainless appliances, corian counter tops, carpet, wood , tile, vaulted ceilings, custom 5 piece bath, 2 full baths and a half bath. Located in a family neighborhood, near schools and shopping and dining. Included with this great home are custom window treatments and a built in home speaker system. Fully fenced with a 10 x 8 composite deck in the back and a 17 x 6 covered front porch.  Lots of room to entertain!

Click Here to Find more info and photos on this Claremont Ranch Home

Must Have Buyer Tools and Resources

by Alan Daniels

Colorado Springs Real Estate ToolsThe market has shifted and home buyers are trying to get a jump on the newest inventory of homes before they get snapped up.  Inventory is shrinking while buyer demand is remaining steady.  Now is the time to take advantage of the bottomed out market and low interest rates but you will need some help.  Here are some resources and tools that will get you into your perfect home. 

 

We will cover the first 5 things every home buyer should know before purchasing a home in Colorado Springs and surrounding areas this week.  The first 5 things focus primarily on the many benefits of home ownership. 

  • Colorado Springs Homes For Sale1.  Tax Deduction / "Free Money" - Property taxes and qualified home mortgage interest are deductible on your federal income tax return.  A great built in savings for the year!
  • 2.  Investment - In most cases a home is the largest asset people have and many consider it one of the safest investments available.  Paying down your mortgage and appreciation of home value will create a major savings.  Just make sure not to use it as a piggy bank to buy depreciating toys (refinancing to buy a boat for example).  Make a goal to pay it off so you don't have a mortgage for when you retire.  If you like this idea, it may be worth getting involved in real estate investing on multiple properties.  Real estate investing in Colorado Springs is easier than you think.  It is no coincidence that many of the worlds wealthiest people in history have made their fortune in real estate. 
  • 3.  No Capital Gain Tax When Selling - A homeowner can currently exclude up to $500,000 of capital gain when selling their home if married filing jointly or up to $250,000 if single / married filing separately.  The home must have been the taxpayer's principal residence for 2 of the last 5 years (Always confirm with your CPA).
  • 4.  Principal Pay Down on Mortgage - A portion of each amortized mortgage payment goes towards paying down the principal on your loan.  Not only do you pay to stay but a portion goes to paying down your loan for a wonderful investment and built in savings.
  • 5.  Enjoyment of Ownership - A home is one of the few investments you can enjoy by living in it!  By far one of the best investments you can benefit from.  Make improvements and you can gain from both enjoyment and increased value.

Next blog post will include 5 more things every home buyer should know before purchasing a home so check back soon to catch all 15.

Saddleback Ridge HOA Lawsuit

by Alan Daniels

Saddleback Ridge Condos

The Saddleback Ridge HOA has decided to sue one of the five partnered developers who told potential homeowners and real estate agents during construction that the complex would have a pool and clubhouse.  The complex was built in 2006 and now the homeowners are stuck with a broken promise.  The trial is scheduled for January 11, 2010 and the HOA wants the developer to stand by his promise or pay $500,000 plus default judgment previously awarded the HOA.  The HOA's attorney claims that each of the 96 condo owners has lost about $5,000 in value due to the lack of the promised pool and clubhouse.

This is a prime example of things that can happen with new construction in Colorado Springs and around the nation.  I have seen builders/developers promise parks, community landscaping, trails and much more while breaking their promises at the end of the day.  This can be a negative while looking for new homes in Colorado Springs.  This is why it is extremely important to work with a reputable Realtor in Colorado Springs who can communicate the things to look for in a new home community.  Most good Realtors have experienced or heard about these issues with particular builders/developers and are happy to share their experiences with you.  

Displaying blog entries 1-10 of 11

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