Advice For Home Buyers

Found 17 blog entries about Advice For Home Buyers.

If you experienced sticker shock when you received your real property notice of valuation from the El Paso County Assessor’s office, you’re not alone. Many residents of El Paso County are shocked by one of the sharpest property value increases in recent history. It’s the first time in 14 years, that the county has experienced such a hike which means larger tax bills for residents.

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 These reassessments are mandated by law every two years. To show you the extent of the increase, consider this: In southeast Colorado Springs, values have shot up 37 percent. Higher valuation means higher taxes. The last time the county experienced double-digit increases was in the late 1990s and early 2000s.

 You can appeal your home’s valuation by filing an appeal

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One of the main reasons why people are turned down for a mortgage is a low credit score. That’s why it’s so important to start working on improving your credit score now if you plan to buy a home in the future. Your credit score serves as a numerical summary of your credit history. It tells lenders how you’ve paid your debts in the past whether that be credit cards, car loans, or college tuition. The score tells lenders how much of a risk you are as a borrower. It can also be used to gauge how much money they are willing to loan you.

How is your credit score calculated?

The three credit bureaus (Equifax, Experian, and TransUnion) calculate your score. They may include rental payments and even your employment history, but all three do not

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Many home buyers are unaware of ways to save money on home loans such as the assumable mortgage loan. This article explains what an assumable mortgage is and how it is used with VA loans to save veterans thousands in the Colorado real estate market. Active military service members and veterans looking for Fort Carson housing should take advantage of this often overlooked interest rate workaround. If you’ve ever wondered “Are VA loans assumable?”, this article will give you a detailed explanation of an assumable mortgage.

Assumable Loan Colorado Springs

Assumable Mortgages

Not every loan can be an assumable mortgage loan. Only FHA and VA loans are assumable. It’s not a sure thing either because most assumable loans must be approved by the lender unless the mortgage was closed

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Home buyers can expect a triple whammy in 2019 with a continuing tightly competitive market (low supply), higher prices, and an interest rate increase. But all is not lost in the 2019 Colorado Springs real estate market. There are several welcome developments for home buyers and mortgage borrowers. New construction will include more affordable entry-level homes and mortgage lenders are easing the qualification requirements for loans. First time home buyers are getting much-deserved attention now in the real estate market, more so than ever before.

Below, is a list of housing and mortgage trends for 2019.

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Need More Homes

The lacking supply of homes for the market will continue to lag in 2019, but it’s not expected to worsen. The number of

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There were 614,000 homes sold in 2017. 

Whether or not those homes were the right homes for buyers, however, is an entirely different matter. Finding the right kind of home that suits our needs and wants is possible when we know exactly what we're looking for and where. 

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High competition and limited housing choices sometimes skew a buyer's mindset when selecting a home. Other times a lack of patience can also cause a buyer to make the wrong housing choice. Regardless of the reason why some buyers make these decisions, some end up selling after discovering the house just wasn't right for them. 

We all want to find our dream homes within our price range. We see our homes as symbolic to time with family, a sense of security, and as a reflection

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It isn’t any wonder that people flock to Colorado Springs for their next home. According to the U.S. News and World Report “Best Places to Live”, Colorado Springs ranked second! And data from the U.S. Census shows that Colorado is currently the seventh fastest growing state in the country. With that in mind, you might be surprised to know that there are also numerous local, state, and national down payment programs available to Colorado home buyers.

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Many people don’t believe they can afford to buy a home, so they continue to throw away thousands of dollars in rent year after year. Sadly, these rental payments could be used to build equity on a home instead. One big reason for this is because many people are simply not aware of the first time home

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The most recent numbers show another strong quarter for the Colorado Springs housing market.

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Compared to Q3 of 2017, the total number of listings and days on the market remained virtually identical. Homes priced between $300k-$500k along with the $1million+ market gained momentum, but the number of units sold under $300k declined by 26% due to the extreme lack of inventory.

One interesting indicator during this quarterly cycle is the median sales price. Although our local market values have increased another 11% over the same period last year, the current median sales price is down 2% compared to Q2 of 2018.

Keep An Eye On Interest Rates

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Mortgage interest rates also continue to rise. According to Freddie Mac, the average rate for a 30-year

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From the low unemployment rate to the great air quality, there are lots of reasons to consider moving to Colorado Springs, Colorado.

But, before you start packing up the moving truck, you need to consider where in Colorado Springs you want to live.

Read on for a detailed list of all the best Colorado Springs neighborhoods. Whether you're looking to buy or build, any of these neighborhoods will be a great fit for you!

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The Broadmoor

If safety matters to you, then the beautiful Broadmoor neighborhood in southwest Colorado Springs might be the perfect place to look for your new home.

The Broadmoor is one of Colorado Springs' wealthiest neighborhoods. It's known for its mansions, both modern and historic, and is home to a variety of

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Looking for a place to live with a little bit of everything?

Perhaps a place that's consistently ranked highly as a desirable place to live?

Look no further than Colorado Springs, Colorado. The city has grown more than 12 percent in recent years, and it doesn't appear to be slowing down any time soon.

Thinking about moving to Colorado Springs? Read on to find out more about why it might be the perfect place for you.

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1. Active Real Estate Market

Colorado Springs has a bustling real estate market. Although it's tilted slightly in favor of sellers, the fact that housing prices continue to rise means that buying a home is a solid investment. Now is definitely the time to move, as the market is expected to slow down a bit by 2020.

2.

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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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