We’re doing the railway next week but are 9/10 on this list!
Looking to buy or sell in the Springs? We’d be honored to earn your business! Call Rob at 719-440-6626!
Category Archives: Colorado Springs
Colorado Springs Labor Day Lift Off (Balloon Fest) will feature Star Wars characters…
Colorado Springs: State Of The Market
Curious about the state of the market? Here are some stats!
Above: yesterday’s snapshot of the resale market here
Above: today’s status of rentals in MLS
Above: this is the current number of homes per sale in the specified price brackets
Source: PPAR MLS derived statistics
Denver Business Journal: Colorado Springs a top 10 place to raise a family
Looking for a home here? I can help 🙂
Thank you for sharing, Melanie Henn from Land Home Financial Services!
Denver Post: Colorado markets vary but improving…
The market’s on fire in Denver and picking up in other places.
Looking to buy in Colorado Springs? I can help! Call Rob at 719-440-6626 or email robthompsonrealtor@gmail.com.
From the inbox: What’s up with the rental market here? And what’s the MLS?
Good question! The first answer is that we have an intense rental market here with an app. 96% occupancy rate. That’s been sustained, too, for a couple of years. If anything, it’s getting harder to find affordable housing in the rental market in Colorado Springs.
Second, the MLS is the local database of agent and property manager listed homes. It is not the sole source of rental properties in town but is the best product we as Realtors have access to.
If you’re looking for housing in Colorado Springs, we’d be honored to earn your business. Call Rob or Drew at 719-440-6626 or email robthompsonrealtor@gmail.com!
From the inbox: Can I really buy a home for $780 up front on a VA loan?
I get variations of this question a lot! The short answer is, “Yes, in Colorado Springs and with a VA loan, it is possible (other areas, please consult your local Realtors!).”
Longer answer: there are three costs to a home buyer generally in the purchase process.
1. Earnest money: this is “good faith” money a buyer puts up to compensate the seller if they (the buyer) breaches contract for a non-protected reason. I’ve had a lot of success w/$500 earnest money in town. When that hasn’t worked, we try $750 or $1,000. Note: coordinate with your lender but you can often get this money back at closing.
2. Inspection costs: a home inspection costs about $280 in Colorado Springs. This is a sunk cost; even if you choose not to continue with the purchase, this isn’t reimbursable in the normal course of a purchase.
3. Appraisal: there is an appraisal cost that some lenders will charge upfront, others charge as part of the loan costs.
In sum, it is entirely possible to buy a home for an upfront cost of $780-$1280, depending on the lender and the earnest money required…and that earnest money can often come back to you.
Questions, please give me a call! If you’re looking to buy or sell in Colorado Springs or Denver, I’d be honored to earn your business.
Looking for a few things to renovate and maximize resale value?
Bigger Pockets has a few suggestions! Would you add anything? Comment on FB or the blog!
Looking to buy or sell in Colorado Springs or Denver? Give Rob a call at 719-440-6626!
Winter temperatures this week: are you ready?
Underwater or in pre-foreclosure on a home? Please read this…
You have options. Don’t “walk away” from a home or let it go to foreclosure. The ramifications of this action can haunt you for years, to include surprises like the people in this article are finding out.
Allowing a home to go into foreclosure does not necessarily absolve you of the debt. The deficiency balance – the difference between the mortgage value and the ultimate sale value of the home – can chase you for years.
This is not legal advice; always consult an attorney or CPA as applicable. However, I can state that you have options in a pre-foreclosure situation.
Call or text me at 719-440-6626 and we can talk about those options.
Rob