Colorado Springs Home Sellers: You Now MUST Have Carbon Monoxide Detectors in Your HomeIf you are looking to sell your Colorado Springs home, you now need to make sure that you have Carbon Monoxide (CO) detectors in your homes. |
Random Real Estate Facts for Colorado Springs Home BuyersOkay, actually these are random facts for ALL of the United States, but there are a lot of similarities between both national and Colorado Springs home buyers . These are all statistics from the National Association of Realtors® studies and research…
[The last 4 statistics were taken from the article: Did You Know: Cost of Home Improvement by NAR (There is a cool chart in this article, too.)] Thanks for reading our Colorado Springs Real Estate Blog! Posted on June 16th, 2009 by Mariana Wagner
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What is a Colorado Springs HUD Home?
A Colorado Springs HUD home is a single family residence (or duplex, tri-plex or 4-plex) that has been acquired by HUD (US Department of Housing and Development) as a result of a Colorado Springs foreclosure on a FHA-insured mortgage. Once the home has gone through the entire foreclosure process, the property gets listed on the local Pikes Peak MLS as well as on the Colorado HUD Homes For Sale website. HUD homes can be in various states of repair - ranging from great condition to homes that need quite a bit of help. If you are interested in a home that needs repairs, there are FHA Loans* that you may qualify for that enable HUD home buyers the ability to purchase the home and include funds to help cover the cost of the needed repairs. *The 203(k) and the Streamline 203(k) loans allows the home buyer to include extra funds into their new FHA loan to cover rehabilitation, repairs, improvements and upgrades. Read More: About HUD and FHA 203(k) Rehab Loans For more information on these types of loans, contact HUD directly for a list of a local FHA-Approved Lenders who offer the 203(k) loans: 1-800-CALL-FHA HUD prefers to sell the homes to people looking to live in the home - as opposed to selling them to investors, so the homes will only be available to owner-occupants for the initial period of time. Your Colorado Springs real estate agent can help you locate HUD homes for sale in different areas of Colorado Springs, Monument, Fountain and Manitou Springs and submit an offer on your behalf. Thanks for reading our Colorado Springs Real Estate Blog! Posted on April 13th, 2009 by Mariana Wagner
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National Real Estate News UpdateSometimes we need to peek outside of our Colorado Springs real estate market and see what is happening around the nation. Here are some interesting recent headlines: Investors flock to Detroit’s housing market - The Detroit real estate market has homes for sale for less than $20,000 … some going for mere hundreds of dollars. Investors are “heading north” and buying up a bunch of homes in hopes of turning them into rentals … and selling them for a profit when the market shifts again. Mortgage rates drop to record low - 30 Year mortgages are at 4.85% FIXED RATE. If you need a better rate on your current mortgage - REFINANCE NOW. If you were ever considering buying a home for sale in Colorado Springs - BUY NOW! Home prices are WAY more affordable and you CANNOT BEAT the current interest rates! Lenders that the Wagner iTeam work with, that can help you:
Mortgage fraud reports up 26 percent - Lying on mortgage applications and people scamming distressed homeowners into signing over their deed to “avoid” foreclosure are just 2 instances of mortgage fraud running rampant in the real estate industry right now. Participate in mortgage fraud - go to jail. Bail Yourself Out ? Here’s How - Several GREAT tips and tricks on how to save money in ALL areas of your life right now. Smart Money Saving Tips You Need Now - Tips on saving on food, education, utilities, transportation,entertainment and health care. AWESOME! Where does your state rank? -Americans everywhere are feeling the recession’s pain – some more than others. Colorado is actually looking quite well … comparatively:
Enjoy these news stories and let us know what other national real estate news stories you find! Thanks for reading our Colorado Springs Real Estate Blog! Posted on March 30th, 2009 by Mariana Wagner
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Understanding the Current Financial Market [VIDEOS]Thank you to Ryan Hukill - Edmond OK Real Estate Agent, the Colorado Springs Real Estate Connection has found 2 great videos to share with you: 1. The Crisis of Credit Visualized, Part I - This video explains the inner workings of mortgages, sub-prime loans, Alan Greenspan and all the other things that help make up the current real estate/financial “situation”: 2. The Crisis of Credit Visualized, Part II - This video goes into what happened over the past few years that has lead to lower home prices and higher foreclosures. These videos were created by Jonathan Jarvis. Thanks for reading our Colorado Springs Real Estate Blog! Posted on March 4th, 2009 by Mariana Wagner
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