Yahoo! – How much home can you afford?

This is the basics of home affordability.   Bottom line: you don’t want to have to stretch to make a payment.  Go in with a number and let no one pressure into a higher value home purchase than you are comfortable with.

If you’re looking to buy or sell a home in the Colorado Springs area, I’d be honored to represent you!

Few apartment vacancies in Colorado Springs…

High occupancy rates are a good thing for the market, especially when combined with low interest rates.

I’d be honored to have the chance to represent you as your agent in the Colorado Springs/Castle Rock/Denver area!

How you conduct yourself matters.

“The reputation of a thousand years may be determined by the conduct of one hour.”  – Japanese Proverb

I very much agree with this proverb.  Your reputation precedes you; if you are honorable and act with sincerity and integrity, you will find long term success.  If you act in the opposite manner, you will ultimately find failure.

I’d be honored if you gave me the chance to represent you in the positive manner this proverb alludes to.


Mortgage rates still very low…

Generally speaking, this is advantageous for both buyers and sellers.  Low rates mean people can afford “more” home.  However, a buy/sell recommendation should be based on your specific market.  Be wary of anyone who makes the blanket statement, “Now is a good time to buy or sell in any market.”   Ask them why…why is yours a good market?

Mortgage rates lower again. 30-year fixed avgs 3.40%, 15-year fixed avgs 2.61% (a new record low). Chart:

Shared via Plume

What is a short sale?

A short sale is a transaction in which the homeowner sells the home for less than the balance of the mortgage.  The main purpose behind the sale is discharge of the remaining balance between sale value and mortgage value.  These sales require approval by the lender but are, in my opinion, worth the effort.

Why shouldn’t you just walk away and allow foreclosure?  First, foreclosure leaves a collectible debt.  The deficiency – the difference between mortgage and sale value – is a collectible debt that can follow you for years.   One of the benefits of a short sale is that the lender will waive the deficiency, discharging it through a 1099-C and stipulating they will not pursue the same.

The second major reason is that a short sale – properly negotiated – can impact your credit less than a foreclosure.  The total impact to my credit in our short sale was approximately 80 points.

Finally, you can qualify for a mortgage sooner with a short sale than with a foreclosure.  For us, it was 23 months from close of short sale to new mortgage.

Questions?  Give me a chance to help! Email me at, or call 719-440-6626!


Welcome to the site!

Thanks for stopping by!  As you can see, the site is still under construction; I expect to have it up and fully running by the first week of May.  In the meantime, I will begin posting information about the Colorado Springs area and market.  If you’re looking to buy or sell, I’d be honored to assist you in the process.  If you have any other questions, please don’t hesitate to contact me at or!


Colorado Springs Realtor®