Colorado Springs Real Estate and Community News

Feb. 7, 2018

Don’t Forget These Home Buying Tips!

 

Congratulations! You are considering buying a home. Whether this is your first home or your tenth, the process is very similar. Many people forget the very first steps when it comes to purchasing a home. We know, it can be very exciting, but since it is one of the most important financial decisions in your life, it’s important to ensure that every step, especially the beginning ones are completely properly. Keep reading to find out what they are!

 

 

Hire an agent

 

 

Hiring an agent is crucial. Some people think saving some money and skipping and agent is a good idea. This can end up being extremely costly. An agent will help you with the entire process, they will save you time by considering homes that you are interested in, and they can even save you money by negotiating correctly when the time comes to purchase the home. When choosing an agent, make sure that you do your research. Don’t be afraid to ask for references and look up reviews online. A great agent can ensure you find the exact home you are looking for.

 

 

 

Get pre-approved

 

 

 

Almost everyone needs a mortgage before purchasing their home. It’s always a good idea to find out exactly how much your quality for prior to looking at homes. Can you imagine finding your dream home and learning it’s $100,000 more than you are approved for? This process can save you a heart break and save you time. Make sure to share the amount with your agent so they know what to stay under.

 

 

 

Get a home inspection

 

 

 

Never buy a home without getting it inspected thoroughly. The sellers have probably already had one, but it is important to have your own complete. This will allow you to negotiate the price down if you find anything wrong. It also may save you a huge headache if they find severe issues with the home.

 

 

Do your research

 

 

 

Although you may not know every detail you are looking for before starting to look at homes, it’s good to come up with a small game plan. Is there an area of town you are looking to live in? How many bedrooms? Can it have only one floor? How big of a yard do you want? These are all little but important details to think about and perhaps know before going and looking at homes.

 

 

 

These tips might seem simple, but many people get so excited about the home buying process, they forget these beginning steps. If you are ready to purchase a home, we want to help you find the perfect fit. Contact us today to get started!

Posted in Buying a Home
Jan. 18, 2018

Buying A Home Even With Bad Credit

 

Your credit score is one of the most important things that will determine if you qualify and how much you qualify for a mortgage. Typically, the higher your credit score, the more you will be approved for. Keep reading to find out how to buy a home even if you have bad credit.  

 

Did you know that the average household is in over $15,000 in debt. This mean that you can buy a home even when you have bad debt. Before you can though, we recommend taking care of your report. This is easier than you think. Keep reading to find out exactly what you need to do to get your credit scare home buying ready.  

 

The first question you may be asking is how a credit score is calculated. Your credit score looks like 5 parts; your payment history, debt-to-credit, length of history, credit, and finally new credit. To make it simple, the longer you have been paying off debt and ensuring you are always on time will help your credit score to increase. If you are late on payments, or have not had any line of credit for long, you will not have a high score.  

 

So what is considered a good credit score? Well, a perfect score means that you have a number of 850. This is rare. Once you have a credit score of 740, you should be able to quality for a mortgage with a great interest rate. If your score in the 700’s, you will still be able to qualify for a mortgage, however your interest rate may be a little higher. If you have a credit score under 660, you will need to jump through additional hoops in order to qualify for a loan.  

 

If you don’t have a credit history, it’s important to get one as soon as possible. One of the easiest ways to do this quickly is to become an authorized user on your parent’s card. Mortgage companies understand that no one is perfect. If you have forgot to make a payment once or twice, you can always take steps to repair your credit score.  

 

If you don’t have good credit and you are looking to buy, don’t worry, there still is a way. There are loan programs out there designed to assist people with medium credit scores. We will be happy to assist you with this process if you find yourself in this situation.  

 

If you do have a mediocre credit score and have time before purchasing a home, there are quick things that you can do to raise your score. Firstly, make sure that you pay all of your bills on time each month. They may sound obvious, but you would be surprised how many people simply forget to make a payment, even if they have the money. We recommend scheduling a minimum payment on your credit card. This way you are never late. Many experts talk about the 30% rule. This means that any charge to your credit card should not exceed 30% of the limit. This will help raise your score and will help prevent you from overspending and not being able to pay it off, or make payments. If you ever notice an error on your credit report, there is something that you can do. You are entitled to a free copy of your report every 12 months. Make sure to take advantage of this to ensure everything is correct. If you do notice a mistake, ensure that you contact a creditor immediately. If they confirm that there is an error, they will let companies such as Equifax, TransUnion, and Experian know to remove the error. This can be the result of a simply name mix up.  

 

Although having good credit I always what people aim for, when it comes to buying a home it does not need to be perfect. If you are unsure of the home buying process, or you want more tips, contact us today!

 

Posted in Buying a Home
Jan. 2, 2018

How To Get Rid Of Dog Smells From Your Home

 

Removing the dog smell for your home can be a challenge for every dog owner. Let’s face it, dogs typically smell. Although you love your furry friend and they have become part of your family, it can become frustrating and sometimes embarrassing to have the odor of your dog lingering in your home. Keep reading to find out how to get rid of dog smells from your home.  

 

Grooming

 

Firstly, is your dog being regularly groomed and bathed? This is one of the easiest way to keep your home smelling great. If they continue to smell more than a “regular” amount, you may want to ask your vet to ensure they do not have a skin or dental infection.  

 

Housing Chores

 

Although you may already be doing these housing chores, these are some simple things that you can be doing on a regular basis to ensure your pet is as fresh smelling as possible. Some of these include vacuuming the house, washing the dog bed, wash any hard wood floors, and cover any furniture that you dog is allowed on and wash them weekly.

 

 

House Hacks

 

There are little ways to help remove dog odor. Sprinkle baking soda on your furniture and carpet and let it sit overnight. This will neutralize dog smells and is completely safe. Other options that you can purchase are air purifiers, and a filtration system that traps allergen particle. 

 

Although your dog may be a part of your family, it can feel frustrating when they are causing unwanted odor. Make sure to use these tips and you will be sure to have a much cleaner smelling home in no time!

 

Posted in Real Estate News
Dec. 17, 2017

Am I Ready To Purchase A Home?

 

When someone first decides to purchase a home, people will talk about the housing market. They will discuss if it is a “good time” to buy. Guess what? That’s not the most important question you should be asking yourself. The best and most important question is if YOU are ready for the responsibility of owning a home.

 

 

Deciding if you are ready to buy will firstly determine how committed you are to a specific area. Are you thinking you may be relocating soon? May you need a larger home soon? Do you have a down payment ready and some spare money in case repair need to take place? These are a few things to consider.  

 

In America, home price are continuing to rise, but as a steady rate. Although you would prefer to purchase when homes are cheaper, this I not something that you should base your entire decision on. You should purchase a home whenever that is right for you.

 

 

Yes, having 20% for your down payment is a good idea, but it is not mandatory. You can get a private loan and simply make larger monthly payments to make up the difference. If you can make larger payments, however have not saved up 20% yet, this is still a great option for you.  

 

Monthly expenses can be a little higher than you think when you purchase a home. This include interest, and insurance. These will not change no matter what is going on in the economy. Find out exactly how much they will be and see if this is something that you can afford. Other expenses that can occur are maintenance and repair. You mortgage is not the only housing expense that you will need to budget for monthly. Some of these expenses include HVAC, hiring a plumber, repairing broken appliance, and repairing the roof.  

 

Do you plan on staying in your home long term? If so, buying is an excellent option. If you are unsure where you will be living a year from now, you may want to simply consider renting until you find a more permanent location.  

 

After reading these, what did you learn? Share your answer in the comment below!

Posted in Buying a Home
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