Jennifer has been a licensed Realtor since 1980. She began her real estate career in Dallas and was active in sales as well as mortgage lending for 15 years before relocating to Colorado Springs in 1996. Jennifer is the Employing Broker of Springs Homes overseeing our daily operations, reviews all contracts, counsels Buyers and Sellers, negotiates contracts and manages both the Buy/Sell side of Real Estate as well as Property Management. She graduated from SMU with a degree in Music Education and has been actively involved with the Colorado Springs Youth Symphony. She has been a past member of the Board of Directors as well as the conductor of the Vivace Strings Orchestra.

Open House-Saturday 1:00-3:00 at 9180 Melbourne

I will be holding an open house this Saturday, September 5 at 9180, Melbourne Dr. 

 Briargate Open House

This home is an amazing 6 bedroom, 4 bath, 3 car garage home in the heart of Briargate Colorado Springs Neighborhood, near parks shopping and schools. Main level has a great room layout as well as both formal living and dining areas. The kitchen has an island with counter bar and opens up to the family room, the nook and the backyard. There are plenty of cabinets and counter space as well as a pantry. Dishwasher and Microwave were replaced July 2015. All appliances are stainless steel. There is also a main level study. Upstairs has 4 bedrooms and 2 baths.Master is oversized with window seat and attaches to a 5 piece bath with walk in closet. Bedrooms have updated colors and are a good size, many with walk in closets.The basement has a large family room and 2 additional bedrooms with additional storage area. Back yard is fenced and landscaped with sprinkler system. There is a large wood deck for entertaining as well as play-set for the kids. There is air conditioning and the roof was replaced in 2012.

 

Please stop by and say hi, I'd love to show you this beautiful home.

If you want more information  give me a call.

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Top 5 Luxury Home Sales in Colorado Springs through June 2015

2015 has been a great year for the Colorado Springs Real Estate market. Homes priced in the median to lower end of the market have been especially active, while the luxury market has been slower to come back around but ,as the old saying goes, "A high tide raises all boats."

 

That tide has led to these top 5 Luxury Home sales so far this year. Here they are in reverse order of sales price:


#5-10780 S. Forest Drive

Colorado Springs Luxury Home Sale10780 S. Forest Drive Listed at $1,899,000; Sold for $1,899,000 This magnificent mid-century raised ranch on a cul-de-sac in the Black Forest area is a resort unto itself, sitting on 10 wooded acres, with its own putting green and regulation tennis court. The home has views of the Air Force Academy, downtown and the Spanish Peaks. Inside are 4 bedrooms, 5 baths, a formal dining room, a master suite, a living room and a family room with entertainment center, built-in bookshelves and wet bar. The kitchen has Italian stone counters, Sub-Zero refrigerator and freezer, Wolf gas range, an eating area, wine refrigerator and walk-in pantry. On the lower level are a library, wine cellar, wet bar/kitchen, gym and sauna. Outside are a 3,000 square foot patio, glass teahouse, fire pit, underground sprinklers, room for RV parking and a 720 square foot shop/garage. The home is 15 minutes from shops and restaurants, and 50 minutes to DTC.


#4-3740 Camelrock Vw

Kissing Camels Home Sale

3740 Camelrock Vw Listed at $1,975,000; Sold for $1,970,000 This 5-bedroom, 7-bath is golf course living at the highest level, backing up onto the Kissing Camels links and boasting views of Garden of the Gods, Pikes Peak and the Front Range. Nestled on a private cul-de-sac, Its 8,000 square feet of living space includes a main level with 3 bedrooms including the master suite with its attached bathroom and a fully-equipped kitchen. There is also a formal dining room, living room with fireplace and 3 additional bathrooms. The walkout basement has 2 bedrooms, 3 baths, a 2-lane bowling alley, wet bar, exercise room and access to the golf cart garage. Out back, a covered patio is ideal for entertaining. The gated community has greenspace, a pond and a swimming pool, as well as private security.


#3-2355 Stratton Forest

Colorado Springs Luxury Home Sale 2355 Stratton Forest Listed at $2,650,000; Sold for $2,346,600 This custom-designed home in the gated Stratton Forest community has fabulous stonework inside and out. Situated on 1+ acres and backing onto wooded open space, it is located on a private road that leads to a circular drive with a moss rock columned portico. With 3 bedrooms and 6 baths distributed between the main and lower levels, there are nearly 9000 square feet of finished living space. The impressive great room has vaulted ceilings with exposed wood beams, wood floors, a custom wet bar and a floor-to-ceiling rock fireplace. Preparing meals is a delight in the gourmet kitchen which leads to the back patio where there is an outdoor cooking station. Back inside is a formal dining room and a main floor master with adjoining bath. Upstairs is a stand-alone office that can double as a guest bedroom. On the lower level are one bedroom and 2 baths, as well as a home theater and fitness room.


#2-6 Plainview Road

Plainview

6 Plainview Road Listed at $2,600,000; Sold for $2,470,000 As resplendent as any home ever featured in Architectural Digest, this 4-level, 5-bedroom, 6-bath home is a luxury lover’s dream come true. Located on a 2.7 acre lot with views of the mountains and city, and 8,600 square feet of living space, there are fabulous details and finishes in every room, starting with the 36-foot x 9-foot atrium with a 24-foot peaked glass ceiling. The living room and dining room both have stackable doors that open to a maximum of 20 feet and lead to the patio with its pool, fire pit and hot tub. An upper level guest wing has 3 bedrooms and 2 baths. Above that is a top level exclusively occupied by the master suite with its adjacent bath. The gourmet kitchen has an eating area, counter bar, island and downdraft range. Down in the basement are an additional bedroom, a half bath and home theater. Outside, the spacious grounds hold a tennis court, greenhouse and hot tub.


#1-915 Grey Mountain Pt.

Colorado Springs Luxury Home Sales

915 Grey Mountain Listed at $3,275,000; Sold for $2,900,000 This stunning Tuscan villa in the Broadmoor Resort Community is 10,000 square feet of opulence on a 1.4-acre cul-de-sac lot off a private road. Seven patios surround the home, offering magnificent 360° views. With 5 bedrooms and 9 bathrooms on two levels (plus basement), there is ample room for family, guests and entertaining. 9-foot beamed ceilings, crown moldings and French doors contribute to the continental atmosphere. The chef’s dream kitchen has 2 Bosch dishwashers, 2 Sub-Zero refrigerators, 2 hammered copper sinks, a Wolf range, eating nook and breakfast bar. A formal dining room and 2 additional bedrooms also occupy the main floor as well as a spectacular great room with a floor-to-ceiling limestone fireplace. An elevator or circular limestone staircase leads to the upper level master suite with separate his and hers baths. Down in the basement are the home theater and a guest suite. The home also has 3 studies/offices, a craft room and climate-controlled wine cellar.

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New, Easier-to-Understand Paperwork for Homebuyers

RESPATILA

For Colorado Springs homebuyers who have been frustrated by all the numbers and descriptions on the Hud-1 and Truth-in-Lending Disclosure Statements, there is good news.

 

Starting October 3, 2015, lenders must issue new documents clearly delineating the costs associated with a home purchase: the Loan Estimate and the Closing Disclosure. Known as TILA/RESPA (for Truth-in-Lending/Real Estate Settlement Procedures Act), the new forms replace the old Truth-in-Lending Disclosure Statement and Good Faith Estimate, and the HUD-1 Settlement Statement. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2011, the Consumer Finance Protection Bureau was established and mandated to replace the old forms with new, easier-to-understand forms. The completed documents must be delivered to the prospective buyer 3 full days before closing the transaction and will be used for the following:

  • Purchase money loans
  • Refinances
  • Loans secured by 25 acres or less
  • Loans secured by vacant land
  • Construction-only loans

Timeshare loans

 

The new forms must be offered in both English and Spanish. The three day lead time gives homebuyers the opportunity to thoroughly review the costs and avoid any last minute “surprises” at the closing table.

Loans that are not covered by the new ruling are:

  • Reverse Mortgages
  • Home Equity Lines of Credit (HELOCs)
  • Mobile Home-Only loans
  • Creditors who originate less than 5 loans in a calendar year

This is a sea-change for both homebuyers and Realtors. To help them understand the new documents and the updated time frames for their distribution, Realtors have the opportunity to take classes for credit on the subject.

For more information about the new loan documentation procedures visit http://www.consumerfinance.gov/learn more/#respa.

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1259 N. Meade Ave. Tastefully Remodeled with True Quality

I am really excited about this new listing. This home is located at 1259 North Meade Ave. The updates in this home are really impressive. The backyard is like a small park and the location is perfect. Here is a quick video tour:

 

For More Pictures and Detailed Information, please visit: http://northmeade.com/

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Don't let DOM (Days on Market) Spell DOOM for your bottom line

Many people selling their homes in Colorado Springs are surprised to learn that the number of days the  property has been on the market can affect its ultimate selling price. The ratio is generally an inverse one: the longer your home remains on the market, the lower the price. Conversely, homes on the market for short periods of time tend to command higher prices. So, the moral is, work with a Colorado Springs real estate agent who will help you price your home correctly for the current market AND maximize your net profit.

We have found that the highest net profit for the seller is achieved during the first 30 days on the market in Colorado Springs.  (As a point of reference, DOM, or Days on Market) is the time your property is actively listed on the market up until an offer is accepted. The median DOM indicates the actual central number of days that all homes for sale in the Springs are on the market before accepting an offer. The average DOM may be inaccurate due to a plethora of overpriced homes and builders who sometimes list properties on the MLS before construction is complete. 

Homes that have been on the market for long periods of time raise questions in the minds of potential buyers including:

    • Why hasn’t it sold?
    • Is there something wrong with the house?
    • How low do you think the sellers will go?

None of these are conducive to selling your Colorado Springs home expediently and for the best possible net profit. 

When your home is priced correctly early in the game, potential buyers, who have looked at many homes online and in person, will recognize it as an excellent value and will be more likely to submit an offer close to your asking price.  If you price the home well above its market value, there are a number of possible consequences including

    • Receiving a number of “lowball” offers, with buyers knowing that the property is overpriced
    • Not receiving any offers at all
    • Having the property listed for more than 30 days
    • Needing to eventually drop the price in order to sell the home, often to the market price that would have resulted in a much earlier sale

If, after a substantial time on the market with no results, you decide to take your home off the market to reset the DOM, you must keep it unlisted for 30 days before re-listing it. However, savvy real estate agents may check a property’s history in the MLS and will see that it was previously listed before you put it back on the market.  For these agents’ clients, the property will still seem like “damaged goods.”

Your best bet is to work with a trustworthy Colorado Springs real estate agent who constantly tracks the median sale prices in your neighborhood and will help guide you to a stress-free and profitable sale.

 

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