What Your Colorado Springs Real Estate Agent Can NOT Tell You, the Home BuyerAs a Colorado Springs real estate agent, our job is to help you find the best home for the best price and terms possible for your current situation. We are here to help guide you on your journey to home ownership.
However, by law, there are some things that we just cannot discuss with you, as it falls more into the realm of “opinion” than fact. These topics include:
If any other questions arise that we cannot answer, we will direct you to a resource that can help you. Just call 719.434.8346 Thanks for reading our Colorado Springs Real Estate Blog! Posted on August 18th, 2010 by Mariana Wagner
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What is YOUR Buying Power in the Colorado Springs Real Estate Market?How much home you can afford is determined by BOTH the purchase price and the interest rate you are getting on your loan.
Did You Know … a 1% jump in interest rate nullifies a 10% drop in home price. Take advantage of today’s historically LOW interest rates to buy a BETTER Colorado Springs home for LESS money! Read Also: The Importance of Getting Pre-Qualified When Looking to Buy a Colorado Springs Home Thanks for reading our Colorado Springs Real Estate Blog! Posted on August 17th, 2010 by Mariana Wagner
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The Importance of Getting Pre-Qualified When Looking to Buy a Colorado Springs HomeUnless you are paying cash for your Colorado Springs home, getting pre-approved with a reputable lender is one of the most important parts of the home buying process. Getting pre-qualified allows you to know exactly how much home you can afford and how much your monthly payments will be. It also allows you to find and fix any errors on your credit report before those errors stand in the way of you buying your next home. Additionally, in the current economy, home Sellers are very hesitant to take their home off the market unless they know that the home buyer can, in fact, qualify for a loan to buy the home. Sellers do not want to risk valuable time off the market for an unqualified buyer. Furthermore, in a Colorado Springs real estate market where there are a lot more foreclosures, short sales and bank owned homes, being pre-qualified is a MUST. Most banks will not even look at an offer, unless it is accompanied by a pre-approval letter from your lender. For a of local and reputable lenders that we trust and recommend, please contact the Wagner iTeam: 719.434.8346 Thanks for reading our Colorado Springs Real Estate Blog! Posted on August 16th, 2010 by Mariana Wagner
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Costs Associated with Buying a Home in Colorado SpringsWhen you are looking to buy a home for sale in the Colorado Springs real estate market, there are costs that you will want to be aware of, in addition to the actual mortgage. These costs are minimal, but they do need to be taken care of either at or before closing.
Knowing these costs ahead of time will only make your home buying experience better. For more information on buying a Colorado Springs home, please call the Wagner iTeam: 719.434.7525 Thanks for reading our Colorado Springs Real Estate Blog! Posted on August 12th, 2010 by Mariana Wagner
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Why Colorado Springs Open Houses [generally] Do Not WorkIn the Colorado Springs real estate market, we get a lot of sellers requesting Open Houses. Although they may work sometimes, more times than not open houses are not effective. Here is an article that I wrote a few years ago. I thought it would be a good time to re-visit this topic … COLORADO SPRINGS OPEN HOUSES
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Earnest Money – In order to go under contract on a home for sale in Colorado Springs, you will need to supply Earnest Money. This is usually about 1% of the purchase price and must be paid at time of signing the contract. Depending on the circumstances, you will usually be able to get your earnest money BACK if you do not wind up buying/closing on the home.