What is a “Zestimate”?

Zillow offer’s a proprietary estimate of a home’s value called a “Zestimate”. How accurate is this figure? While it is sometimes close, it can and does sometimes significantly differ.

I highly recommend you have an agent or an appraiser do a CMA or appraisal on your home to give you the most accurate fair market value available. The Zestimate is a data point; don’t rely on it alone to make decisions.

Everything you always wanted to know about the Zestimate.

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Colorado Springs Commercial Real Estate scene slowly improving…

increased business is a good thing for our city and surrounding areas!

If you’re looking to buy, sell or rent in the Colorado Springs area, please give Rob a call at 719.440.6626!

Interest rates and housing: very much correlated

How much do interest rates affect housing? Likely significantly. Courtesy of Empire Title, mortgage applications nationally have fallen for week over week for four weeks now and are the lowest since July 2011. Also, refinances are down 20% in the last month and purchases have fallen 6.9%.

What does that mean for you? This is just my opinion but I think this translates into more advantage to a buyer. If you want to sell your home, you may want to list soon to capitalize on what are still phenomenal mortgage rates. The same goes for buyers; the numbers above seem to me to indicate an increase in a buyer’s power, as well.

Interested in buying, selling or renting in Colorado Springs, please call Rob @ 719.440.6266!

Real estate resources on the Internet

There are a number of excellent resources for real estate on the Internet. I personally frequent Zillow’s forums, Reddit’s real estate subreddit and Bigger Pocket’s forums. They are great sources of information! (DISCLAIMER: ALWAYS, ALWAYS vet information you pick up through any source through a trusted professional in that field!)

Interested in buying, selling or renting in the Colorado Springs area, please call Rob @ 719.440.6626!

Mortgage rates over the last 30 years…

…here’s a good reference for your review. It charts mortgage rates over the last few decades. Very interesting information!

Mortgage rate chart

If you’re looking to buy, sell or rent in Colorado Springs, please consider calling Rob @ 719.440.6626!