CAT | Colorado Springs Area
Gorgeous home in Stonecliff featuring a truly private wooded and private setting. Built in 2006, this home has never been lived in. Take a look at the pics and property details here. To schedule a private showing, call Cheryl at 719-321-7600.
El Paso County per the Colorado Springs Business Journal reports that foreclosures are up over the previous year. It should be no surprise that foreclosures are on the rise, but be aware that those numbers present an opportunity for homebuyers looking to capitalize on great deals offered by banks. The banking community is controlling the number of foreclosures that they are releasing so as to create more demand and limit their losses. It is speculated that the banks will unleash their bank owned properties in larger numbers in hopes to get them off their books in 2010. So take a look at this article here, but keep these other realizations in mind while reading the journal.
Located in Country Broadmoor and School District 12, you’ll find a great opportunity for “sweat equity” in this home. Superb value and plenty of upside with over 3900 square feet, 2 car garage, basement, and excellent location. Needs your special touches to make it an outstanding home . . . great for someone who is open to some home improvements in exchange for an outstanding value. Take a look at the property details here.
Fortune Magazine in October reported the extent of China’s expansion in global economics as they set out to accumulate many interests worldwide. Are they destined to own the world? Read more here.
Interest rates are about as low as they will go . . . rates as low as 4.5% for government financing on a 30 year mortgage, and on a conventional loan the rates begin at 4.75%. Interest rates change daily and sometimes more than once/day. Check with your lender to see which way the market is heading and then determine if you want to lock in your rate or float the rate. Remember that the movement of interest rates by as little as ¼% can result in a monthly payment fluctuation of $100 or more depending on your loan amount. So waiting for lower interest rates is probably not going to happen. Buying a home now while the rates are at historic lows, property prices beginning to rise, and inventory at an all time high . . . NOW is your best bet to capitalize on a golden opportunity. Remember, there’s never a bad time to buy, but there’s better. That time is NOW, particularly when you factor in the recently extended and expanded tax credit . . . sending CASH back to home buyers. By the way, it’s taking about 6 weeks for Uncle Sam to process your tax credit and issue a check to you.
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Economic Recovery in Springs to begin in 2010
Posted in Announcements, Colorado Springs Area
The Southern Colorado Economic Forum met last week and indicated that the recession is over and Colorado Springs should begin an economic recovery in 2010. With the troops moving in and unemployment slowing, Colorado Springs appears to be on it’s way to recovery. Read more here.
Not sure whether the stock market is the place to put your investments? Read more here to learn about self-directed IRA’s to purchase real estate. Then if you want to counsel with an administrator for these self-directed IRA accounts, call me and I’ll connect you with a qualified representative.
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Moving to Colorado Springs & the Pikes Peak region
Posted in Colorado Springs Area, Relocation & Moving
Moving to Colorado Springs, Colorado??? Take a look at Pikes Peak Country Attractions to learn more about Colorado Springs and surrounding areas. Read more here.
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HVCC Impact on Home Financing
Posted in Colorado Springs Area, Denver Area, Financing & Lending
The Home Value Code of Conduct (HVCC) recently enacted this summer is having a detrimental impact on homebuyers and homesellers desiring to purchase or sell a home. The new policy severely controls the ability of appraisers to perform reliable valuations. In addition, lenders and realtors are no longer able to directly communicate with appraisers in order to assure their clients of accurate appraisals.
The net result . . . many real estate deals are falling apart due to inaccurate valuations by appraisers not knowledgeable about neighborhood which the property is located in. Learn more here and sign the petition to withdraw this policy.
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Tax Credit for Military Personnel
Posted in Colorado Springs Area, Denver Area, Military Bulletin
The new expanded tax credit allows some special provisions for military personnel. The Congress and President passed the new extension and expanded version of the tax credit such that military personnel serving overseas for at least 90 days will be able to claim the tax credit through June 30, 2011. Click here to learn more.