Real Estate Blog

Occasionally, people will try to sell their homes “For Sale by Owner,” or FSBO. They do this to save money in real estate commission and fees. While you may be tempted to save that 3-6% in commissions, it could cost you thousands more by going it alone. According to the National Association of Realtors, “FSBOs accounted for 8% of home sales in 2016. The typical FSBO home sold for $190,000 compared to $249,000 for agent-assisted home sales.”

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Below is a list of potential pitfalls of selling your home “For Sale by Owner” in Colorado Springs that can go terribly wrong. If you’re dedicated to the idea of FSBO, then I wish you the best of luck, but I invite you to consider these points before proceeding.

What an agent can do for you…

Time is money

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If you've ever wanted to live in a place with wide open spaces, gorgeous scenery, and very little humidity, you should consider moving to Colorado. If you want to enjoy city life while being mere steps away from some great hiking spots, like Garden of the Gods, definitely consider Colorado Springs.

Of course, before you jump in with both feet, you should do a little research on the Colorado Springs real estate market. It's important for you to determine if this is the right investment for you. To help you find the information you're looking for, we did the research for you. Keep reading to learn about current home prices in Colorado Springs.

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Why You Should Consider Investing in the Colorado Springs Real Estate Market

Before we get into the

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Housing prices are at an all-time high and competition for affordable homes is fierce. Home buyers need an experienced Colorado Springs real estate agent to advocate for them during contract negotiation and throughout the real estate process.

However, many people enlist the help of a family member or friend who work in real estate. Hiring a friend or family member can backfire in many ways. You should hire an agent based on how well they do their job and what former clients say about them. It’s best to hire a real estate agent not as a favor, but because they’re good at their job.

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Many times, people moving to Colorado Springs simply don’t want to go through the hassle of interviewing several real estate agents for the job. According to Redfin

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Buying your first home is exciting and nervewracking all at once. In fact, most people say that buying a home is more stressful than bankruptcy, divorce, and even death of a loved one.

Getting stressed and overwhelmed during the homebuying process can lead to you making some very bad decisions. And when it's your first home buying experience, you'll also be prone to making mistakes simply because it's your first time navigating the homebuying-arena.

There are certain mistakes many first-time homebuyers make. Let's look at 7 of the most common home buying mistakes people make so that you can avoid them when you're in the market for a home.

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1. Overborrowing and/or Overspending Money

When you look for a mortgage or are looking for a certain

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Military members face insurmountable challenges in their career, but buying a home doesn’t have to be one of them if you’re an active service member or veteran. In fact, the Department of Veterans Affairs (VA) has created the VA loan benefit to assist military service members and their families with buying homes throughout the country and Colorado Springs military families can take advantage of the VA loan benefit to help finance the purchase of their next home.

So many people miss out on this valuable benefit and savings because they are uninformed about the VA home loan. It’s one of the best military benefits available! Below is information about VA loans and some interesting things you may not have known about this military entitlement.

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The strong sellers' market continues in Colorado Springs but home buyers are starting to see more relief compared to the first quarter of 2018. Mortgage rates are a key factor to the slight cool off, having gained 60 basis points (.6%) since the start of 2018 but they have also remained relatively flat for the past 5 weeks.

Colorado Springs Real Estate Market Update

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Overall listings in Q2 were still nearly 6% lower than the total count from a year ago, but compared to the 14% deficit we saw in the first quarter of 2018, the "white hot" market could now be described as a "red hot" market.

Appreciation continues to be good to home sellers. The median sales price for residential property in El Paso County is now $303,000, up nearly $20,000 since Q1

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So, you've bought a house! This is an exciting time in your life that you're undoubtedly very happy for. But you still have questions, right? You've looked at house after house and finally put in an offer, and even better, the owners accepted it!

But what comes next?

There's a lot that goes on after you make the decision to purchase a house. Today, we're going to take a minute to talk about what to expect on closing day.

If you're looking forward to the day you get to walk away from the table with your new keys in your hand, keep reading to learn more!

On The Path to Closing

Before we can get into talking about what to expect on the closing day, let's talk about what leads up to that.

Your loan is still in underwriting and you are

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Zillow Research is predicting that the next recession to hit the United States will happen in the first quarter of 2020. But unlike the notorious Zestimate (the computer algorithm known for its “pin the tail on the donkey” valuations), the popular real estate website that makes its fortune by selling advertising back to the very same agents who provide the market information to Zillow in the first place has a pretty solid theory about an upcoming correction.

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The majority of the real estate industry experts who were surveyed by Zillow say that monetary policy will be the cause of the 2020 recession. Many of the 99 panelists who were interviewed agree that the likelihood of tighter access to credit for less than perfect borrowers will contribute to

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You’ve just received your orders and now you’ve got to think about PCSing to Fort Carson near Colorado Springs, CO. Where do you start? Many military families are familiar with a PCS move but some are new to it or perhaps there are others who are looking for some tips to improve the process.

If you’re in the military, then you’re most likely familiar with PCS which means a permanent change of station. It’s an official relocation of active duty service members and their family from one duty station to another. Most of the time it’s a long-term assignment that can last between two to four years.

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Hiring a knowledgeable real estate professional dedicated to helping service members can simplify your search for off base housing. As a locally owned

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If you’re visiting Colorado Springs or just recently moved to the area, you might be curious to learn about some of the best family activities to do during this time of the year. As the spring weather brings in the sunshine, it’s also a great time to explore some of the fun and interesting attractions that our city has to offer.

So… we’ve decided to create a list of the best things to do in Colorado Springs during the springtime season. And while we’re looking forward to seeing some warmer days in the weeks ahead, there is always a chance that we might experience some lingering winter weather, so we’re including some indoor destinations as well!

 

CHEYENNE MOUNTAIN ZOO

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It’s one of the most serene and beautiful zoos in North America, and at

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