Colorado Springs Real Estate Connection » Colorado Springs Military

Home Buyer Tax Credit Extended Until 2011 for Some Military Home Buyers

If you are looking to buy a home in the Fountain or Colorado Springs real estate markets, and you or your spouse is in the military … you may qualify for the First Time Home Buyer Tax Credit extension!

Yes, if you or your spouse “served on qualified official extended duty service outside of the United States for at least 90 days in 2009” you have an extra year to buy a home and take advantage of the $8,000 Home Buyer Tax Credit!

Here’s the scoop…

“Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase.

Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.” ( IRS.gov )

Many thanks to Jay – Phoenix Real Estate Guy – for the IRS link

So, if you are in the military and want to take advantage of the tax credit (and low rates and great home selection) but do not want to rush into buying a house in the next couple weeks, this tax-credit extension may be your perfect option!

Let us know how we can help you in your home search this Summer! 719.434.8346

Check Out: Top 6 Neighborhoods and Homes Near Fort Carson

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Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525

Posted on April 16th, 2010 by Mariana Wagner

Colorado Springs BAH Rates for 2010

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Here are the 2010 BAH Rates for the Colorado Springs military.

BAH rates 2010 - Colorado Springs Military

You will notice that MOST of the rates have gone up, and the ones that have one down have only gone down by a small amount.

If you are in the military and are looking to buy a home for sale in Colorado Springs, please contact us at: 719.434.7525

Posted on December 22nd, 2009 by Mariana Wagner

Fort Carson and Fountain Valley Real Estate Market Info For July 2009

Fort Carson and Fountain Valley Real Estate Market Info For JUNE 2009

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The Fountain CO real estate market is located immediately south of Colorado Springs and adjacent to Fort Carson Army Base. The Fountain real estate market also consists of some unincorporated areas of Colorado Springs, to include: Security and Widefield and Colorado Centre.

Homes for Sale in the Fountain and Fort Carson Area

Active Listings: 411 homes
New Listings: 155 homes
Sold Listings: 121 sales

Fountain and Fort Carson Area Sales Price Information

Median Sales Price: $163,000
Average Sales Price: $166,684
Sale Price to List Price Ratio: 98%

Days on Market for Fountain and Fort Carson Area homes

Average Days on Market: 78 days (compared to 83 days in May)

“Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for June 2009. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.”

Popular Fountain and Fort Carson Home Searches:

Posted on July 21st, 2009 by Mariana Wagner

Top 6 Neighborhoods Near Fort Carson

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Are you relocating to Colorado Springs because of a PCS to Fort Carson? We work with many military families and understand that there is A LOT to do in a LITTLE time, when it comes to moving. If you are looking to buy a home near Fort Carson when you get here … Well, you have even MORE on your plate!

One of the questions we hear often, when folks are looking to buy a home near Fort Carson is:

What homes and neighborhoods are near Fort Carson?

Here is a map of the neighborhoods surrounding Fort Carson, and a little bit about the homes for sale near Fort Carson.

Neighborhoods and Homes for Sale near Fort Carson

Fountain Valley

The Fountain CO real estate market and neighborhoods are located to the immediate east of Fort Carson. Fountain area homes are in both brand new neighborhoods as well as in more mature communities. The average home for sale in Fountain CO was $162,000 in May of 2009, and currently there are over 400 homes for sale to choose from.

Popular Fountain Home Searches:

Security and Widefield

The Security and Widefield neighborhoods are found to the northeast of Fort Carson. Widefield and Security are “technically” in Colorado Springs, but not within city limits. Homes in these areas were built in the from the 1950’s and you can still find new homes being built in these areas today! Homes come in all sizes and have anywhere from 2-5 bedrooms.

There are currently 166 homes for sale in Security and Widefield, priced from $46,900 – $525,000 with an median asking price of $159,900. Homes that have sold since April 2009 sell fro an average of about $140k.

Popular Security and Widefield Home Searches:

Southeast Colorado Springs

Southeast Colorado Springs is home to some of the more affordable 2-3 bedroom homes in the area, with the average sale price in May 2009 of $119,355. Southeast Colorado Springs has several mature neighborhoods AND several newer neighborhoods.

Popular Southeast Colorado Springs Home Searches:

Stratton Meadows, Stratmoor Hills and Stratmoor Valley

Stratmoor Hills and Stratmoor Valley are located in S/W Colorado Springs. Stratton Meadows is located immediately north of Fort Carson, off of Hwy 115. Although most of these homes were built in the late 1960’s and 1970’s, there are a few pockets of newer homes in these areas. The average home for sale in these areas are about 3-4 bedrooms and sell for about $135,000. Currently there are 19 homes for sale in these neighborhoods.

Broadmoor and S/W Colorado Springs

The Broadmoor area is located in S/W Colorado Springs and to the northwest of Fort Carson. The Broadmoor is home to some of the most expensive homes in Colorado Springs. Read More: 5 Most Expensive Colorado Springs Home Sales for May 2009. The average sales price in the Broadmoor area is about $350k, but homes can get into the millions.

Popular Broadmoor Area Home Searches:

Rock Creek and Turkey Canon

Rock Creek is the area to the immediate west of Fort Carson (across Hwy 115) and home to the Turkey Canon neighborhoods – nestled in the foothills of the Rocky Mountains. Homes in these areas are fully custom homes on acreage. There are currently 10 homes for sale in Turkey Canon and surrounding areas and they average at about half a million dollars sale price.

Search All Homes for Sale in Turkey Canon and 80926

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Using USAA for your insurance and considering using them for your loan and real estate agent?

USAA is a fabulous company, that offers awesome amenities and benefits for its members.

However … YOU HAVE A CHOICE when it comes to your loan and your agent!

The Wagner iTeam and the lenders that we work with have consistently gotten BETTER INTEREST RATES and BETTER HOME DEALS for their military home buyers. … and yes, we even have a cash back Military special, too. Call us for more details: 719.434.7525