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4 Reasons to Buy Colorado Springs Real Estate Now!

by Alan Daniels

Colorado Springs Real Estate

Many genuine home buyers are sitting on the sidelines these days deciding on when to get into the Colorado Springs real estate market.  In the end this decision will be based on many different variables depending on each person’s situation.  Here are 4 reasons why you may want to make a move on your choice of Colorado Springs homes right now.   

1) You can not time the bottom of the market.  Timing the bottom of the market is incredibly hard to do and often harder to resist.  Current housing inventory is at historical highs and mortgage rates are staying down, so you should definitely be able to find a great home with an experienced Colorado Springs Realtor.  You will find that many home sellers right now are pricing their homes very competitively!  The old supply and demand curve… more supply and less demand.  This curve is bound to shift sooner are later, so don’t be the one to wait for the seller’s market!  

2) Low mortgage rates.  Most economists agree that home financing will become more expensive in the future.  By now we have all heard our share of stories about financing woes even for well qualified people.  Currently, the 30 year loan is now roughly at 6.0% and most economists see it reaching 6.5% by the end of the year and up to a 7% forecast sometime in 2009.  Even if Colorado Springs real estate prices were to fall in the following months, the current interest rates end up saving money throughout the years of the loan.  

3) Don’t just by for a cheap price, buy in a good area.  Sure you might get excited about that great foreclosure price, but when you are buying a home, you are also buying the neighborhood.  If more than a few foreclosures have come up in one area, there most likely will be more.  They tend to be bunched in particular areas and this might not be the best recipe for stability in a neighborhood.  An old rule of thumb is to buy the worst house on the best block…not the worst house on a bad block.

4) Work with a great Colorado Springs Realtor that has experience and who can supply opportunities from the current market.  This I think just needs to be brought to attention since times are tough for many Realtors.  Make sure your Colorado Springs Realtor is not desperate and just steering you into a home to finally make a deal.  Sit down with your Colorado Springs Real Estate Agent to share your plans and get a good sense of whether they are looking out for you or just looking to get paid.  This market has opened up many opportunities that a great Colorado Springs real estate agent can share.

2007 Colorado Springs Parade of Homes

by Alan Daniels
It is that time of year again!  The Parade of Homes is in progress.  It started on August 17 and goes until September 2.  There are a total of 46 homes to view in the parade.  The most exciting homes to see are the 16 that are over 1 million dollars.  Do not let that stop you from viewing the other homes in the parade as well.  The main parade sites are The Black Forest Reserve and The Preserve at Walden.  Cordera has some homes that are grouped together, and the rest are scattered all around Colorado Springs, Manitou Springs, Monument, and Woodland Park.  The tickets are $10 for adults, and free if under 18 or over 65 years old.  Active military can get free tickets (see parade website below for details).  Enter to win a pool table from Backyards & Billiards if you get your ticket stamped at 25 of the parade homes. 
The parade is great for taking in design ideas, so bring your camera!  It is also a great way of seeing what the different builders can do.  If you are looking to build, make sure to contact your Realtor so they can help you find the best builder for your needs.
 
Some of the Home Locations:
Black Forest Reserve, The Preserve at Walden, Palomino Ranch Condos, The Vistas at Nor’wood, Cathedral Pines, Turkey Canyon Ranch, Black Forest, Manitou Springs (Fountain Creek Villas), Woodland Park, The Townes at Gold Hill Mesa, Wolf Ranch – Parkwood Neighborhood, Cordera, Broadmoor, Falcon, University Park, Springs Ranch, Northgate, and Peregrine – Tuscany Heights, The Gables, Grey Hawk, Falcon Terrace, Settlers Ranch, Latigo Creek, Star Ranch, Wildernest, Greenland Preserve, Haven at Cumbre Vista, Fairway Pines, Fountain Creek Villas, Palmer Divide, Eagle Wing Estates, Turkey Canon Ranch, Eastbrook

Buyer's Market?

by Alan Daniels

Colorado Springs Real Estate - Buyer's Market

Is the real estate section of your local paper filled with stories about how the real estate market in your area is slowing down? Is it taking months to sell the homes on the market? If this description fits your area, and you have been waiting for the right time to buy a house, it may be time for you to make a move. This kind of market is referred to as a "buyers' market" for a good reason--it is an opportunity for buyers to select from a large number of homes that could satisfy their needs.

Everyone involved is ready to bend over backwards to make it possible for you to buy your dream home. Most sellers are highly motivated and so are the local real estate agents, loan officers, title companies, and other professionals involved in the transaction. It is important to remember that the real estate market runs in cycles, and conditions can change without a lot of warning. This could be the perfect time to contact a good real estate agent to discuss your needs and to explore the possibilities available to you.

Welcome To Our New Real Estate Blog!

by Alan Daniels

I have been blogging for over a year now on many topics about Colorado Springs Real Estate, Monument real estate, Black Forest real estate, and Fountain real estate as well as local and national events that effect our community.  I have just started this blog and will be picking up from where I left off at www.coloradorealestateresources.blogspot.com.  Feel free to visit that blog to see what topics I have covered in the past.  

Let me know if there is a topic you would like covered, as other readers of this blog would most likely be interested in the same topics.  I also encourage you to subcribe to my blog posts for free! 

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