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Air Force Academy Relocation

by Alan Daniels

Homes Near Air Force Academy | Real EstateRelocating to the Air Force Academy in Colorado Springs?  We have helped many families in your situation and put together a helpful online resource for you to research your relocation to the Air Force Academy.  You will find helpful information on the base, homes near the Air Force Academy, a map search to view homes around the Air Force Academy, new construction, foreclosures and much more.

Click Here to Research Your Air Force Academy Relocation.

Have a Home to Sell in Order to Relocate?  We can help with that too.  Utilize our list of top agents around the nation.  We have great contacts to provide a market analysis and list your home wherever your home is located.  Just contact us to coordinate.

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  Don't count on other outdated searches as this search allows buyers to find the best home first.

Colorado Springs Real Estate Stats - August 2009

by Alan Daniels

Colorado Springs Real EstateBelow are some great Colorado Springs real estate stats for El Paso County.  You will find that homes priced under $250,000 are moving very well with an average supply of 3-6 months.  The supply rises drastically as listing prices goes up.  The first time home buyer tax credit and flux of new home buyers is adding to this trend in the lower price ranges.

Colorado Springs Real Estate Stats - Listing Supply By Price - August 2009

Colorado Springs Real Estate Stats - Aug 2009

 Colorado Springs Real Estate Stats - Listings Sold By Price - August 2009

Colorado Springs Real Estate Solds Stats

Home Buyer Tax Credit!

by Alan Daniels

Home Buyer Tax Credit | Colorado Springs Real Estate

It is definitely a great time to buy a home!  Home prices and interest rates are at historic lows which leaves open even more opportunities as a home buyer.  Now the government has added an $8,000 tax credit to all qualified home buyers who have not owned a principle residence in the last 3 years.  Home affordability is now drawing renters into a home of their own.  Here is a chart that outlines the tax credit. 

If you do not qualify for the credit you can still take advantage of low home prices and interest rates along with a larger inventory of homes to chose from.  Start your search now to see for yourself

Home Buyer Tax Credit

FEATURE

CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008

REVISED CREDIT- EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 & BEFORE DECEMBER 1, 2009

Amount of Credit

Lessor of 10% of cost of home or $7500.

Lessor of 10% of cost of home or $8000.

Eligible Property

Any Single Family Residence (including condos, co-ops, townhouses) that will be used as a principle residence.

No Change.  All principle residences eligible.

Refundable

Yes.  Reduces (or can eliminate) income tax liability for the year of the purchase.  Any unused amount of tax credit refunded to purchaser.

No Change.  Purchasers will continue to receive refund for unused amount when tax return is filed.

Income Limit

Yes.  Full amount of tax credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return).  Phases out above those caps ($95,000 and $170,000).

No Change.  Same income limits continue to apply.

First Time Home Buyer Only

Yes.  Purchaser (and purchaser's spouse) may not have owned a principal residence in 3 years previous to purchase.

No Change.  Still available to first time purchasers only.  Three year rule continues to apply.

Revenue Bond Financing

No credit allowed if home financed with state/local bond funding.

Purchasers who utilize revenue bond financing can use credit

Repayment

Yes.  Portion (6.67% of credit or $500) to be repaid each year for 15 years starting with 2010 tax filing.

No repayment for purchases on or after January 1, 2009 and before December 1, 2009.

Recapture

If home sold before 15 year repayment period ends, then outstanding balance of repayment amount recaptured on sale.

If home is sold within three years of purchase, entire amount of credit is recaptured on sale.  Applies only to homes purchased in 2009.

Termination

July 1, 2009  (But note program changes in 2009)

December 1, 2009

Effective Date

Purchases on or after April 9, 2008 and before January 1, 2009.  Repayment to begin for 2010 tax year.

All revisions are effective as of January 1, 2009

**This information is a brief overview about the home buyer tax credit and should be confirmed with the latest tax code and your accountant.

Home Loan Pre-Qualification vs. Pre-Approval

by Alan Daniels

Home Loans In Colorado Springs

Pre-Qualification is the first step in the mortgage financing process. You will answer a few questions to provide the lender with a quick idea of your income, existing debt, total savings and information on any co-borrowers.
 
A Pre-Approval is a much stronger documentation as it is in writing and shows that you have the full support of the lender. It means the Loan Application has been completed and reviewed by an underwriter. This is very important in saving you any hiccups in the loan process leading up to closing. The underwriter will review your income, debt ratio, and savings. You will have an exact amount that you qualify for from this point. Another reason why pre-approval is necessary before viewing homes. A pre-approval looks much stronger to a potential home seller showing that the financing is in place, and may make the difference in getting a home that has multiple offers on it. A pre-qualification is nice, but a pre-approval is the best way to go from beginning to end.

Colorado Springs Market Statistics For June 2008

by Alan Daniels

Are you looking at selling your Colorado Springs home? Take a look at the latest stats for the El Paso County market for the month of June. Below is the graph and details for current supply & demand (market saturation).  The total number of listings on market has gone down and so have total sales. 

Colorado Springs Real Estate Market Stats

Find out how much your home is worth in this market at www.COPropertyValues.com.

Fort Carson Expanding Buffer Zone

by Alan Daniels

Homes In Fort Carson

Fort Carson plans on expanding the buffer zone between Fort Carson and the Rancho Colorado area by purchasing land from current property owners. The best part is that the land will be purchased by the federal government without the use of county tax dollars or eminent domain. The El Paso County Board of Commissioners is involved in the approvals of the purchases where willing sellers will be selling land for the Fort Carson buffer zone. El Paso County has purchased 40 parcels of land in Rancho Colorado in 2006 and 2007 to keep a cushion from development on the southeastern border of the Rancho Colorado subdivisions. This should help protect the ongoing operations that Fort Carson needs to keep going without affecting the surrounding communities.

Government Suspends Waiting Period For Home "Flippers"!

by Alan Daniels

Homes in Colorado Springs | Investing in Real Estate

The Bush administration has temporarily suspended a rule that imposes a 90 day waiting period before government backed loans can be provided on foreclosure homes and other distressed properties.  This rule has been around for about 5 years,  and was put in place to deter property flipping schemes, where buyers are overcharged for foreclosures or other distressed properties.  The rule is being temporarily suspended to expedite the sale of foreclosures on the market and cut the supply of properties.

Beazer Homes is pulling out of Colorado!

by Alan Daniels
That's right, Beazer Homes is pulling out of Colorado! They were the eighth largest new home builder in the nation when they moved into the Colorado market in 2001. They have fallen on some tough times with a full investigation on mortgage fraud and over extending into different areas. Their stocks have dropped by 80 percent to less than $7.00 a share. Beazer Homes has said that they will pay all of their bills and honor all warranty obligations in the area. Keep in mind that there is no guarantee if they are not around in the future though. This is yet another reason on why an experienced Realtor can help advise you on New Home builders in Colorado Springs. A seasoned real estate agent has experience with all of the builders in town and usually gets a jump on issues like this. You can still find their Colorado Springs new homes in Claremont Ranch, Lowell, Soaring Eagles, Sweetwater Ridge, The Gables, and Wolf Ranch. There could be some good deals to come in order for them to move out quickly. Get with a Realtor to see if this would be the right move to meet your needs. 

Colorado Springs Real Estate At It's Best!

by Alan Daniels

The Daniels Team of RE/MAX Advantage offers a variety of real estate services in Colorado Springs that go beyond the ordinary!  If you are looking for homes in Colorado Springs or any other property we offer top notch buyer services.  The Daniels Team definitely stands apart from many in the real estate industry when selling a Colorado Springs home.  We have many systems in place that make relocating to Colorado Springs much easier than you think.  If you plan on investing in Colorado Springs Real Estate you found the right place.

Buying A Home In Colorado Springs- Contact us to schedule a free buyers consultation where we will map out the home buying process and create a buyer time-line to meet your real estate needs.  This map will ease the buying process no matter how many homes you have bought and sold.  The home buying map will provide the foundation to the whole process making the transaction a breeze.  The best part is this service is completely free, so Click Here to Schedule Your Free  Buyer Appointment Now or Call Us

Selling A Home In Colorado Springs- Contact us to schedule a free In-Home Presentation to find out how much your home is worth in Colorado Springs and how The Daniels Team will market your home.  We will provide a Comparative Market Analysis (CMA) showing the market activity in your area with the detailed information you need to make an important decision.  The CMA report will have extensive information in it that is important for an expert Realtor to decipher and explain during a presentation.  Remember all real estate agents are not alike!  Click Here to Schedule Your Free In-Home Presentation now or Call Us. 

Relocating to Colorado Springs-  Contact us to as soon as possible to begin the coordination of your move.  We work with many buyers who are relocating to Colorado Springs and have some wonderful systems in place to make your move a breeze.  The sooner you contact us to get things going the better.  We will start you out with a Free Colorado Springs Relocation Package loaded with tons of helpful information on the area.  Once we have a time range to work with, we will create a relocation time-line that will ease the stress of your move so you can focus on the fun part...packing!  Click Here to Begin The Free & Easy Relocation Process or Call Us

Buying an Investment Property In Colorado Springs-  Contact us to schedule a free real estate investing consultation where we will create a investment plan to meet your particular needs.  There are definitley many options to choose from here.  Click Here to Schedule Your Real Estate Investing Appointment Now or Call Us

Displaying blog entries 1-10 of 17

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