New, Easier-to-Understand Paperwork for Homebuyers

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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...
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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 ...
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Successful Pricing Takes Market Trends Into Account, Month's Supply of Inventory (MSI)

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As discussed in a previous article, determining a baseline value for your home before determining the actual listing price is a good practice . Another good practice is to study and understand the current market conditions before you actually decide on a final listing price. There are several statics, rates and numbers you can look at when trying t...
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Successful Pricing Starts With a Realistic Baseline Value

The first question on the minds of most people getting ready to sell their home is, how much is my home really worth? Homeowners thinking about selling have usually gotten an estimate from a home valuation site like Zillow or even asked a Realtor what they thought the value might be. It is important to keep in mind that those numbers should only be...
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A Little Do-It-Yourself Update For Anyone

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My family recently completed a remodel of most of our main level (living, kitchen, dining)... Floor demo + new, cabinets, removed structural wall, added beam, counters...it was a gut job and we love the new. But it took a lot of work, mostly by contractors. We did a couple tile floor & backsplash projects ourselves, and fortunately my husband a...
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Buyer Feedback Can Help Sell Your Colorado Springs Home

One of the most important things we, as listing agents, can do is obtain feedback about the properties we list for sale. We know and understand that It’s hard for homeowners to see their homes from an unbiased perspective. Homes hold many memories and stir up emotions that may be hard to relinquish, especially when it’s time to price a home for sal...
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How Important are First Impressions?

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The saying "You never get a second chance to make a first impression” has never been truer, especially when it comes to marketing Real Estate. In the 2013 National Association of Realtors Survey of Home Buyers and Sellers, Home Buyers were asked, “What actions they took as a result of an Internet Home Search?" 75% responded that they drove by or vi...
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Do I Need an Appraisal to Sell My House?

Sellers often ask me if they should get their home appraised before putting it on the market.  Here is my answer to that: An appraisal is an expert estimation of the quality and price of the property. It is more detailed than the market analysis, which your Realtor will do. Typically, appraisals cost around $400.  They are a good idea if ...
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