Colorado Springs Real Estate and Community News

Nov. 30, 2017

Ways to Spark a Bidding War

 

You may have seen on television or heard friends that had a bidding war on their home. This drove the price up and put way more money in their pocket. You may have assumed it’s because they have two very motivated buyers, or that they had a lovely home. Although this may be true, it is not always the case. Here are some tricks that you can do to spark a bidding war on your home.  

 

Pricing

 

 

One of the easiest ways that can be a bit of a risk is to price your home to move. Pricing your home low can prepare for it to sell high. Even if it is simply 5% below its market value, this will tempt buyers to run to your front door and look at the home. Talking with your real estate agent beforehand about this strategy will allow you to make an educated decision.  

 

Prepare  

 

It’s important to get people excited about your home going on the market even before it is listen. Use social media, your email, and potential clients and agents to spread the word.  

 

Staging

 

 

Don’t be afraid to go big and even over the top for your home house. This will show potential buyers that you are not only serious, but that this home is worth it. DJs, dancers, and an open bar are allowed!   

 

Photos

 

 

Your pictures are SO important when showcasing your home. Make sure to have the best angle possible when taking photos. Make sure to highlight the best areas of your home. If this is the backyard, then showcase that in the pictures and show the opportunity it has for potential buyers.  

 

Deadline 

 

People don’t want to miss out on a good thing. Because of this, set a deadline on your home. This will entice any procrastinators from waiting too long. Once again, this strategy is not for everyone however, it can pay off BIG.

 

 

Here are our five ways to spark a bidding war. Make sure to always talk to your real estate agent so that they can help you with the best strategy possible. For more tips, contact us today!

Posted in Buying a Home
Nov. 6, 2017

Tips For Saving For Your First Home

 

Firstly, we want to give you a huge congratulations for looking into purchasing your first home. This is a big step and one of if not the biggest purchase you will make in your life. Although a large down payment is not always necessary, it will help your monthly payments become smaller and you will be more appealing when applying for a mortgage.  

 

It's important to understand how much you need to save. It’s not just the down payment you need to put money aside for. It’s also important to consider closing costs, escrow fees, and initial payments on taxes and insurance. This can all quickly add up. With that said, there are easy ways in your everyday life to save for your first home. Keep reading to find out what they are! 

 

Little expenses 

 

Is that coffee you purchase daily on your way to work REALLY necessary. Little things like this can really add up. Instead, if you are a coffee addict like many people, make it at home before you leave to work. Another suggestion is to simply cut coffee out completely. This is just one example of cutting costs. When you are at the grocery store, try to purchase non-name brand foods. This will also help your weekly grocery bill.

 

What’s essential?

 

What you believe are “essential” in your life may not really be. Ask yourself this quick question, do I need it or do I simply want it? Expenses such as a car can really add up. Try public transportation and see how much money you are saving. If you live in a walkable area, put on your runners and do most of your errands by foot.

 

Basics

 

Going back to the basics can help put extra money in your bank account monthly. Things such as cell phone plans and insurance plans are probably mandatory, however, you may not need to be on such an expensive plan. Making changes like this could save you up to $400 per month.

Side job

 

 

If you are REALLY serious about that down payment, we recommend finding a side job. While a side job may not be sustainable for years to come, if you work a few extra weekends a month you will be at that down payment a lot quicker.

 

Entertainment

 

Entertainment is typically something that is not a necessity. Although you don’t want to have a boring life while saving, you can swap out some of your entertainment very easily. Instead of going to the movies and ordering popcorn and a soda, stay in and watch Netflix. One weekend per month try and have a no-spend weekend. This will really add up!

 

There you have it! Here are 5 easy ways to help you save up for your down payment quickly. For more suggestions on buying your first home, give us a call today!

Posted in Buying a Home
Oct. 23, 2017

Preparing Your Home In The Fall

 

The kids are back in school and its finally time to think about how to prepare your home for the fall. By preparing ahead of time, this will help your home to stay safe and upkept all summer long. Keep reading to find out how to prepare your home in the fall. Trust us when I say you want to keep reading!

 

Your Lawn

 

Fertilizing your lawn in the fall will help to protect it through the winter months. We recommend applying fertilizer on your lawn in the fall so that blades and roots are thick and healthy again before the winter temperatures affect it.

 

HVAC

 

Your AC put in a lot of hours all summer long, it’s finally time for it to have a rest. Before you tuck it away for the winter, make sure that you clean the coils beforehand. This is easy and will help your HVAC system live a longer life. We recommend you also cover the unit to help keep debris and ice from causing damage. Also, take a quick walk around your home to ensure all vents are uncovered.

 

Gutters

 

If you are like most people, cleaning your gutters is a chore you would prefer to skip. Forgetting to blog your gutters can damage a lot of your home. The good news is that is it not actually too hard to do. Grab a ladder and a partner. One person will climb up the ladder and clean out the gutters and the other will hold the ladder in place. If this still seems like too much work we recommend hiring someone to come and do it. This will save you a lot of time and money when it comes to putting your home on the market.

 

Outdoor faucets

 

Disconnect your outdoor horses and turn off the outdoor water supply. If you have any open faucets or a sprinkler system, make sure to drain the water out of them. Once it is drained this will prevent any frozen pipes.

 

There are many things that you can do in the Fall to ensure that your home stayed healthy all year long. Take a few moments to print off this list and start checking off things this weekend. For more tips, give us a call today!

 

Posted in Real Estate News
Oct. 9, 2017

How to Make a Home Offer

 

Congrats, you may have finally found your perfect home. You’ve searched online, probably gone into quite a few homes, and made a long list of wishes for your new home. That is no small task! The next step is to make an offer. This process can be confusing for many people. They know how to search for their dream home, but are unsure how to make the offer. Luckily, we are here to help! Understanding how to properly make an offer will help you to seem more compelling and will also protect your money.

 

Keep reading to find out our step-by-step approach on making an offer on a home.

 

Step 1: Research

 

Your asking price is very important. To best determine it you will need to know two things; the local market and the seller. Make sure you get as much of this information beforehand. Look up zip code and trends. Look up local selling prices for homes that are like the one you are looking to buy. It’s also important to check the history of the property and when it was last purchased. Finally, if you are working with a real estate agent, ask for their input as well.

 

Step 2: Get pre-approved

 

If you are paying your home in cash, this step does not apply to you. When you are pre-approved by a lender, you have a guarantee that they will be willing to loan you a specific amount under their specific terms and conditions. We recommend having this letter so the buyer knows how serious you really are.

 

Step 3: Seek out professionals

 

There are many different phases that professionals can give advice and assist you during the home buying process. The first person is a real estate agent. They will help you during every step of the way. You may also consider a real estate attorney. They will make sure that your written offer meets legal requirements. It is very important to have a home inspection down prior to purchasing a home. Even if they have already had one, it’s important to have your own too. Lastly, an appraiser can assist with knowing exactly what the home is worth.

 

Step 4:  Protect your money

 

When you are making an offer, it will say how much you are willing to offer as your down payment. Arrange to have the deposit held in an escrow account, not with the seller. This will ensure that the money is returned to you even if the sale falls through. If the offer is accepted, your deposit will be deducted from what you owe the seller.

 

Step 5: The offer

 

When you have these steps complete, and are ready to make an offer, deliver your offer to the seller’s real estate agent. The seller may decide to accept your offer, reject it, or make a counteroffer. If they make a counteroffer, they will revise your offer and send it back to your real estate agent. This process continues until the seller and buyer come to an agreement. Once the offer is accepted, both partied sign a contract.

 

Posted in Buying a Home
Oct. 7, 2017

OPEN HOUSE 11151 Spotswood Terrace Peyton, CO 80831 Today, 7 Oct 2017 11am - 2pm

OPEN HOUSE TODAY 7 Oct 2017 (12 - 2pm)   11151 Spotswood Terrace, Peyton CO 80831

 

Come join us today at our open house.  Expertly designed Beautiful home that offers 4 Beds, 3.5 Baths, 3 Car tandem with 5,251 Total S.F. on 0.48 Acre. Very open feel to this wonderful home with a blend of formal and informal areas. The kitchen is stunning with 42 inch maple cabinets, double oven, gas cook top, matching kitchen appliances, updated counters, and built in desk and butler's pantry. 2 Story Great Rm has large windows to let in natural sun light & cozy gas log fireplace. Main Lvl study w/double french doors. All bedrooms are on the upper level and M/Bedroom includes a retreat, trey ceiling, 5 piece master suite w/ tile accents, Garden Soaking Tub and his & her walk in closets. Large laundry room is on the upper level. The basement is unfinished w/9 Foot Ceilings and has endless possibilities. Majestic curb appeal w/ stucco & stone accents. New HUGE concrete patio and fire pit. Make an appointment today to look at this beautiful home. You have to see this fabulous home today on cul-de-sac location. 

If you are unable to join us for the open house please call or text (719) 359-7010

Posted in Real Estate News
Oct. 2, 2017

11151 Spotswood Terrace Peyton Colorado 80831

Home for Sale 4 Bed, 4 Bath, 3 Car on 0.48 Acre

11151 Spotswood Terrace Peyton Colorado 80831

Great curb appeal....Beautiful two story home with unfinished basement on a very large lot in a cul-de-sac location.  Master bedroom offers sitting room and 5 piece bath with garden soaking tub, his and hers closets.  Master en-suite has has designer tile accents and double pedestal sinks.  Secondary bedrooms with jack n jill baths, chefs dream kitchen with plenty of work space, cabinets, desk area, double ovens and gas top stove.

Great room floor plan with 4 Bedrooms (all upper level), laundry room also conveniently located on Upper Level.  Main level study with double french doors.

The exterior has low maintenance stucco and stone.  A new addition is the huge concrete patio and fire pit.  

Plenty of room to expand in unfinished basement that has 9' ceilings.

This home is move in ready and can close quickly.  Call with questions or to schedule a private showing, (719) 359-7010.

Details of 11151 Spotswood Terrace Peyton Colorado 80831

MLS# 1825746

List Price:  $424,900

Total Sq Feet:  5,251

Bedrooms:  4

Baths:  4

Garage:  3 Car Tandem

LOT:  20,909     0.48 Acre

 

 

Posted in Buying a Home
Sept. 21, 2017

Mechanics Dream Home 1332 S. 25th St Colorado Springs, CO 80904

Mechanics Dream Home 1332 S. 25th St Colorado Springs, CO 80904

 

1332 S. 25th St Colorado Springs, CO 80904

PROPERTY DETAILS:  

OFFERED AT:  $359,900

3/2/4 Car Detached

MLS#8840508

Very Nice 3-bedroom, 2-bathroom rancher on the “Westside”! This home has main level living with a ramp for handicap access. This property boasts the following items: Low Maintenance Stucco Exterior - Updated Wood Floors - Updated Kitchen Cabinets and Granite Counter Tops - Updated Bathroom - All New Electrical - Nice Covered Trex Deck - Oversized 2 Car Garage - Storage Shed - Carport - Newer Furnace - Newer Water Heater

Situated on a large 10,000 + sq ft lot with RV parking, a storage shed, and tons of extra room for multiple vehicles/toys. All kitchen appliances, plus the washer & dryer are included. Centrally located -- close to I-25, schools, shopping galore, and within walking, hiking, and biking distance of both the Garden of the Gods and Red Rock Canyon parks!

Call/Text (719) 359-7010 to schedule your private showing.

Posted in Buying a Home
Sept. 21, 2017

Best Ways to Improve Your Credit Score

 

When you first consider buying a home, you will need to be aware of your credit score. The higher your credit score, the lower your interest rate on your mortgage may be. It’s important to keep an eye on your credit score regularly, but even more so when you are potentially purchasing a home soon. Keep reading to find out the best ways to improve your credit score!

 

Pay On Time

 

No bank or private lender wants to see that you have missed payments in the past. This will indicate to them a lack of discipline as well as poor financial management, even if that is not the case. We recommend that you make payments on time every single month, no matter what it takes. Typically, you can schedule payments to ensure you never miss one.

 

Close Accounts

 

Many people leave accounts open even after they take out all the money from them. Forgetting to close an account could cost you. Many banks will have a minimum average balance, and if there is no money in your account, your bank may start putting you in debt. This can affect your credit score. We also recommend it you have finished paying off a loan, get a loan closure certificate as proof.

 

Monitor All Accounts

 

Do you have a joint account with a spouse or a child? It’s important to monitor these daily to ensure that everything is in order. This can be difficult if the person is outside of your immediate family, however, it’s crucial for when it comes to your credit score.  

 

Negotiate

 

Unfortunately, problems arise and sometimes we are not able to pay our credit card bill one month. If this is rare, however, it has happened to you this month, try negotiating with your bank.

 

Here are some simply and quick ways you can improve your credit score. Have you had any luck with other ways? Comment them below!

Posted in Buying a Home
Sept. 21, 2017

JUST LISTED Mechanics Dream Home 1332 S 25th St, Colorado Springs, CO 80904

JUST LISTED:  MECHANICS DREAM HOME -1332 S 25th St, Colorado Springs, CO 80904  MLS#8840508 

PROPERTY DETAILS

Offered by EPIC Real Estate Group

PRICE:  $359,900

BEDROOMS:  3

BATHROOMS:  2

SQUARE FEET:  2,012

YEAR BUILT:  1914

LOT SIZE:  0.24 acre

Very nice stucco 3 Bedroom, 2 Bathroom rancher on the West side! This home has main level living with a ramp from driveway to rear trex deck entry.  This property boasts the following items:  Low maintenance stucco exterior - Updated Wood Floors.  Updated kitchen cabinets and granite counter tops.  Updated main level bathroom.  All new electrical upgrade.  Beautiful covered Trex deck.  Over sized 3 Car Garage 900 S.F..  Large storage shed 19' X 15' with air compressor.  The Carport is 26' X 23".  Newer furnace, New 50 Gallon Natural Gas Water Heater all new kitchen appliances.   New vinyl windows.   Just 5 minutes to I-25.  Situated on a large 10,000 + Sq Ft Lot (0.24 Acre).  This property is a Mechanics Dream or Craftsman's paradise.  With the huge carport you can accommodate large vehicles next to the garage/workshop. Garage has new insulated garage door.  Plenty of additional space in storage shed for gardening and lawn equipment.  Built in air compressor system completes the dream.

 

 

 

 

Posted in Real Estate News
Sept. 17, 2017

2455 Maroon Bells - OPEN HOUSE TODAY 17 SEP 1PM - 3PM

2455 MAROON BELLS - OPEN HOUSE TODAY 17 Sep 1pm - 3pm

Swing by for OPEN HOUSE SUNDAY, 17 Sep 2017 1pm - 3pm 2455 Maroon Bells, Colorado Springs, CO 80918  Hosted by EPIC Real Estate Group of Colorado Springs, CO Text or Call  (719) 359-7010 

PRICE REDUCED $10,000 for the OPEN HOUSE.  New Price $249,900

3 Bedroom, 3 Bath, 2 Car Attached Garage with 0.18 Acre

www.coloradospringshomesforsale.com

PRICE REDUCED $10,000 !!!! Excellent and established neighborhood is this Vista Grande Terrace home! It has 3 bedrooms and 3 bathrooms - All bedrooms are on the upper level. Pikes Peak views from the family room and all 3 bedrooms. This home is a great location with privacy, easy access to shopping, schools and I-25. The backyard has a covered porch and is great for gatherings with family and friends. Quick Move In Possible. Come see this property today, it will go soon.

Listing Office: EPIC Real Estate Group

Pikes Peak Multiple Listing Number:  3814934

 

 

Posted in Buying a Home