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How to choose a realtor (A sellers guide)

When choosing a realtor to sell your home there is one major thing you need to keep in mind. How are they going to market your home? Below are a few tools you want to make sure your agent is utilizing when marketing your home. These tools will ensure that your home is getting the most exposure possible. 1) Do they have a strong online presence? An online presence is very important when trying to [...]

Real Estate Agents are so Annoying, Aren’t They?

When it comes to buying and selling real estate in the Colorado Springs area, There are a lot of people who look at real estate agents with a slanted eye. I mean, anyone can get a real estate license, besides, real estate agents are really annoying, aren't they? They are almost in the same category as used car salesman, right? Why do we need Realtors anyway? Well, unfortunately the industry has been plagued with people [...]

By | November 5th, 2012|News & Updates, Tips and Tools|0 Comments

Locating Bank Owned Homes In Colorado Springs

We are now ending our 5th year after the real estate crash. It is increasingly becoming more difficult to find and locate "Bank Owned" homes in Colorado Springs. There are several reasons for this: 1) The amount of foreclosures have dropped. 2) Shadow inventory is being sold. 3) Banks are not disclosing "Bank Owned" homes anymore due to copper thieves. 4) Banks are completing more modifications or short sales with sellers. 5) Banks are over [...]

The Benefits of Owning a Home

The Benefits of Owning a Home by Carla Hill We all know the social benefits of owning a home. Homeownership gives family stability, creates lower high school dropout rates, and of course gives the opportunity to create meaningful and lasting relationships. In addition to these great pluses, owning a home can be your largest financial asset. First, you'll have access to homeowner tax breaks, which include the mortgage interest deduction (MID), property tax deduction, and [...]

Reading the Foreclosure Lists

In order to help you find the best deals that come available, we have had to watch the market for homes before they hit the market as REO/bank owned listings. The lists provided are the lists we get 20 hours before the foreclosure sale. All properties that are foreclosed will be sold either at the auction, through the bank or as an REO. You will see that there are about 40-60 homes a week foreclosed. [...]

By | February 3rd, 2012|Tips and Tools|0 Comments

Foreclosure process and purchasing windows

Foreclosure process and purchasing windows: There are several windows of opportunity in which to purchase a good deal. Explaining the foreclosure process will help you in determining when to buy or wait for another buying window. The windows are: Resale, Short Sale, Foreclosure Auction, Offer Direct to Bank or finally REO (bank owned). Resale: This is the first window of opportunity. When an owner needs to sell, they will call a Realtor to list their [...]

By | February 3rd, 2012|Tips and Tools|0 Comments

Your Credit History

As part of the loan application process, virtually all lenders will want to see a copy of your credit report. The report will list all your long-term debts (credit cards, mortgage payments, automobile and student loans, etc), as well as your payment history. If you don't have a copy of your credit report, most lenders will generally require you to pay for a copy when they process your loan application. However, most real estate experts [...]

By | February 3rd, 2012|Tips and Tools|0 Comments

Getting Your Finances in Order

A crucial step in starting your search for a new home is having a clear idea of your financial situation. By getting a handle on your income, expenses and debts, you'll have a much better idea of what you can afford and how much you'll need to borrow. For lenders to verify this information, though, they're going to need to look at your financial records. It is also important to remember that you should include [...]

By | February 3rd, 2012|Tips and Tools|0 Comments

How Much Can You Afford?

Understanding how much you can afford is one of the most important rules of home buying. Depending on your individual situation, your budget can affect everything from the neighborhoods where you look, to the size of the house, and even what type of financing you choose. Bear in mind, however, that lenders will look at more than just your income to determine the size of the loan. Likewise, you may find that there are some [...]

By | February 3rd, 2012|Tips and Tools|0 Comments