Mortgage Prequalification Guide

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Don't Bring Me Down Mortgage prequalification is the essential first step buyers should take before even starting to look at houses. Here is a scenario we see all time: A Realtor meets with home buyer to discuss buying a house. The buyers are very excited and they've been looking at properties online and have a bunch they really want to see. The re...
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15642 Coquina Drive Monument CO 80132

15642 Coquina Drive Monument CO 80132
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I'm so excited about this new listing!  Built in 2001, this beautiful stucco home has 4 bedrooms, an office, great room, formal dining room, upper-level loft, finished basement and professionally landscaped yard!  The main level features wood floors, spacious kitchen with island, pantry and counter bar, master bedroom with his/her closets...
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710 Cresta Road Colorado Springs CO 80906

710 Cresta Road Colorado Springs CO 80906
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I am beyond excited about this new listing! Built in 1952, this ranch floorplan sits on an oversized lot with mature trees, flowering shrubs, an expansive brick patio, fountain and even a greenhouse! This tastefully updated home features remodeled bathrooms and kitchen with granite counters, stainless appliances, and a warming drawer. It has wide p...
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Top 4 Things you Need to Know about Appraisals

Top 4 Things you Need to Know about Appraisals
The appraisal of a home is a vital part of any real estate transaction, and the role of an appraiser is possibly one of the most critical parts of the entire transaction. See below as to how you, as a Seller, can be way ahead of the learning curve with just a few helpful hints from me when are you ready to put your home on the market for sale! 1. A...
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Out of Pocket Expenses for Buyers

Out of Pocket Expenses for Buyers
When purchasing a home, you know the sales price you have negotiated, but when you make it to the closing table your might be surprised at some of the other expenses involved in the process. Here is a detail explanation of all of the out of pocket expenses you might encounter when you buy a house. Earnest Money Expense The first out of pocket ...
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Condos vs Townhouses - What's the difference?

There is a lot of confusion about the differences between condos vs townhouses. They share many similarities, and this seems to be the source of this confusion. Even amongst real estate professionals we often hear more opinions than facts. If you are considering buying a condo or a townhouse, it is important for you to understand the different real...
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What Do I Need to Get Prequalified for a Loan?

“By failing to prepare, you are preparing to fail.” ― Benjamin Franklin Preparation is an essential element in any successful real estate transaction, especially when the unexpected happens, and it will. Loan problems constitute a good portion of what can go wrong in a typical real estate transaction. Loan qualification standards are complex and ch...
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International Notary Guidelines

Notary Guidelines
I'm certainly not going to pretend to be an expert on all things regarding legal notary services around the globe. It only came to my attention a few years ago that it might not be as easy to process real estate paperwork everywhere as it is here!  In the United States of America, many legal documents need to be notarized. For most of us, in o...
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The Home Inspection

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You’ve been out looking at homes. As a matter of fact, you’ve seen a lot of homes, so many that when you walk into the right one you know it immediately. Your Realtor writes an offer and you work out the pricing and other terms, you are “under contract”. Then it hits you, you really don’t know much about what you are buying, you know how the house ...
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Steve's Picks for a Nice Weekend

Steve's Picks for a Nice Weekend
My family and I moved to Colorado Springs in the Fall of 2008 and we quickly fell in love with the lifestyle, the abundance of year-round outdoor activity, fresh air and lots of sunshine! Oh, and plenty of snow just to make things really exciting. This area has so much to offer no matter your season of life. But if you are like me, married with kid...
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Understanding Your Property Taxes

Understanding your Colorado Springs property taxes
Will property taxes go up in 2017? Better yet, just how are property taxes calculated? Here, in Colorado Springs, the El Paso County Assessor re-evaluates the value of homes every two years. He starts with the current market value of the home. Market Value is based on the most recent comparable sales in the area. Once market value is determined, he...
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1st Time Home Buyer's Seminar

1st Time Home Buyer's Seminar
In this crazy, fast-paced real estate market in Colorado Springs, if you blink you might miss out on getting the #1 home on your list. You need to know what you are doing and you need a good team on your side giving you the right advice. On Saturday February 4th, you are invited to a 1st Time Home Buyer's Seminar that will give you some great advic...
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Understanding Clouded Titles

Understanding Title Clouds, Colorado Springs Real Estate
When you buy a house you certainly don't want to inherit someone else's debts or legal problems. This is one reason for a title Insurance policy. Title Insurance protects or insures that you have "Clear Title" to your property. Clear Title means that there are no liens, claims, judgments or problems with the title. The aim is to define the undisput...
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Why People Move to Colorado Springs

Why People Move to Colorado Springs
There are probably a gazillion reasons why so many people are moving to Colorado, year after year, and after 27 years of living here myself, here are just a few of my own: WE HAVE JOBS! And we apparently have A LOT of them, and in a wide range of industries, especially in the professional and business sectors. As of November, 2016, the unemployment...
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What is the Difference Between Prequalification and Preapproval?

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Prequalification vs. PreApproval Prequalification and preapproval are two important real estate finance terms. Unfortunately, these terms often get confused. The difference is important as it describes a lender's actual level of commitment to a home buyer. Interchanging these terms can create problems during the home buying process. Prequalificatio...
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Everything You Need to Know About Mortgages

The world of home financing is a multi-faceted one and we at Springs Homes would like to help you understand the ins and outs of the mortgage world. Much of the confusion and seemingly random nature of the home loan and mortgage process has to do with where the money comes from and how it flows.  There are multitudes of exceptions and guidelin...
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Just Listed! 3515 Mosswood Lane Colorado Springs CO 80910

Just Listed! 3515 Mosswood Lane Colorado Springs CO 80910
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Well, if this isn't the cutest house! Check out my new listing.  Built in 1972, this charming home features 4 bedrooms, 2 baths and over 1,600 finished square feet!  Includes updated kitchen with Silestone counters, new cabinets, new sink/faucet, new flooring, new roof, new carpet, new lighting, new windows, new doors, new paint, updated ...
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Southern Colorado Insurance Changes

Southern Colorado Insurance Changes
I love it here... so thankful for limited natural disasters like tornado, hurricane, earthquakes. However, Colorado is still subject to blizzards, hail, wind, and fire. 2012 and 2013 were devastating locally when it comes to fire. Much of those homes have been rebuilt. So, let's talk about the unfortunate weather issues of 2016 And how it's changin...
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Fears and Worries of Home Buyers

Fears and Worries of Home Buyers
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Have you, or someone you know, been considering purchasing a home but the associated worries seem to be too overwhelming? Here are a few thoughts that should hopefully help alleviate those concerns. Worried about the associated costs required to purchase a home? Worried that you will not be able to take vacations or go out to dinner or plan for ret...
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Cash Buyers for Homes: Pros and Cons

Cash Buyers for Homes: Pros and Cons
Right now I'm working with a cash buyer, meaning they do not have to get a loan to purchase a home.  Often times cash buyers ask "can I negotiate more since I'm paying cash?"  Here is what I tell them:  Advice for Cash Buyers Being a cash buyer is great because you don't have to wait the usual time for a mortgage loan. You can usuall...
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