The Great 8 Real Estate Articles From September, 2017

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There is a lot of real estate content and chatter online. This makes it difficult to determine what is valuable and what is noise. Well good news, we read a ton of real estate content to stay on top of the industry. At the end of the Month, we compile the best articles we could find. This month we present eight informative pieces. These articles lo...
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St. Joseph Statues and Other Tips To Make Your Home Sell Faster

St Joseph To Help Sell Home
In the world of real estate, superstitions abound. Perhaps driven by sheer desperation, say, a house that’s been on the market for months and just won’t sell, or a home that’s in less-than-optimal condition, real estate agents and homeowners alike have been known to take some drastic measures. Take, for example, the legend of St. Joseph . Over the ...
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6725 McCracken Drive

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Check out my latest listing!  Built in 1999, this lovely 2-story home features formal living room, separate family room with gas fireplace, vaulted ceilings, spacious kitchen with wood floors and stainless steel appliances, 3 good sized bedrooms, upper-level laundry, central air, new roof and a professionally landscaped yard including auto sprinkler, mature trees and shrubs, lush lawn and even a wooden playhouse in back!  Located in the popular Powers area, this home is an easy commute to Peterson Air Force Base, Shriever Air Force Base, Ft. Carson Army Post and even the Air Force Academy. Near to shopping, restaurants, movie theatres, parks, and schools, this one meets all the needs.

But the best part about this listing is the people who own it. They are past clients who bought the house 10 years ago. They are some of the nicest people on earth. When they called recently about selling their home, they said "when we knew it was time to sell we wouldn't have even considered calling anyone else. After the great experience we had working with you the first time, it was a no-brainer!" How can I not love working for people like that? Knowing they value my work and our relationship means the world to me. 

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Searching for the Right Schools!

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What are the Best Schools in Colorado Springs?

As real estate professionals, we are often asked to help find the "best school" and while we cannot steer you in the direction of a certain district, school or neighborhood for a variety of reasons, the truth is the "right school" is different for every family and student. I have a friend with 6 students in different schools/districts; they did the research to find what's best for each of their students! I'm here to help you find more information so you can make an informed decision.

Once you have selected the right school or district for your student or family, try out our Springs Homes awesome new search-by-school-district capability.

 

Colorado Springs School District Map

 

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2017 Real Estate Market Heads Strong into the Fall

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This year Colorado Springs real estate market made the list of top 10 cities in the nation for hottest real estate markets, according to Realtor.com, and it's no wonder.  Home prices continue to rise. Home sales are abundant. And there is significantly less inventory (homes for sale) than in years past. Here is a breakdown of what is happening in our little boom town this year.

Single Family Home Sales =  UP 5.6% over last year

Average Price for a Home =  UP 11.2% over last year (currently at $313,652)

Total Homes for Sale =  DOWN 15% from last year

Condo/Townhome Sales = UP 15% over last year

Average Price for a Condo/Townhome = UP 10.5% over last year (currently at $193,564)

Total Condos/Townhomes for Sale = DOWN 25.9% from last year

Supply is low. Demand is high. More buyers are buying and relocating here. And there are less homes for them to choose from. Competition is steep, driving home prices way up. Bidding wars are the norm, especially in the under $500,000 price range. 

I recently had two listings which received multiple offers within 24 hours of going on market. And both ended up selling for above asking price!  We call this a seller's market where homes sell fast and at top dollar.  Buyers, on the other hand, are at a disadvantage. They have less homes to choose from and prices are higher than ever.  The only fortunate thing is interest rates remain low, enabling buyers to qualify for higher amounts.

The big question? Will this trend continue?  And for how long? My belief is we will see this robust market for awhile, and definitely well into next year.  But eventually there will be a correction. History has proven markets like this always correct at some point. If you are looking to buy or sell and want to find out more about the market, give me a call.  

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How Do You Determine Market Value?

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As a Realtor people often ask me how market value is determined. Sellers want to know their market value so they can decide on a fair asking price. Buyers want to know the market value of their home so they can see that the price of the home is justified. Here is the advice that I usually I give them. Factors that Influence Mark...
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3-D Real Estate Tours with Matterport Camera

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Springs Homes just became the first real estate company in Colorado Springs to own “ The Matterport Camera ”. We have started to use the “Matterport Camera” to create 3-D spaces of our for-sale listings. We are then able to share these spaces online with potential home buyers. The “Matterport Camera” is a combination camera and measuring device. It...
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Selling Your Home: A Little Prep Goes a Long Way!

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  So, you've decided to sell your home. Let the party begin! Selling your home can stir up a variety of emotions and can affect each family membe...
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How Does a Realtor Get Paid, Anyway?

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Ever wonder HOW and HOW MUCH a Realtor gets paid? Before I bought my first house, I was aware of HOW Realtors got paid. I had the chance to work in the industry earlier in my working career. However, it wasn’t until I started researching how to become a Realtor, and considered becoming a Realtor myself, that I learned more about HOW MUCH a real est...
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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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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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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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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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A Seller's Guide on How to Handle Showing Feedback

A Seller's Guide on How to Handle Showing Feedback
Selling your home can be stressful at times. The sign is in the yard, the lock box is on the door & your house is finally active in the MLS & third party sites. Now, you’re eagerly waiting to hear what potential buyers thought of your property. Feedback is imperative for sellers, especially for those whose homes might be taking a little lon...
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5 Tips For Winter Home Selling

5 Simple Hacks
“Nobody wants to move their Christmas Tree”! That’s what I was told by the seasoned pros early in my Real Estate career. The problem is that many people find themselves having to sell during the holidays. The period of time from Thanksgiving to New Year's Day is traditionally slow. The days are shorter, colder, darker and sometimes snowy. That’s th...
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A Decade of Equity Briargate 2006-2016

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The  Briargate  neighborhood is one of our market's most popular areas. This popularity is the result of good planning, good schools and convenient amenities. Briargate prices have always been a little higher because of on-going new construction. New construction is more expensive than comparable resale homes. Home buy...
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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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Why you should not rule out selling your home in the winter months

Why you should not rule out selling your home in the winter months
Winter will here before we know it, but that should not give you any concern at all if you are considering putting your home on the market for sale in the next few months.  Here are my reasons why: 1. The winter market can be less competitive for Sellers since many families will wait until Spring to list their home. Economics 101: Supply and d...
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Tankless vs Tank Water Heaters: What's the Best?

Tankless vs Tank Water Heaters: What's the Best?
I've often wondered, so maybe you have too, what the best style of water heater is for a home. The tankless option which came out years ago to provide more energy efficiency seems to be a great option, because water isn't sitting in the typical stand-up tank being heated and unused.  However I wanted to get some expert advice, so I consulted w...
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Why Buyers Should Get Sewer Inspections

Why Buyers Should Get Sewer Inspections
A lot of first time homebuyers may not be aware that sewer inspections are not part of your routine home inspection. This is so important. Buying a home & moving is stressful enough as it is. Finding out that you have a bad sewer line after closing would just add to that list. Sewer line inspections can range from about $150-$300. Plumbers will...
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