Things to Do This Weekend (Mar 25-Mar 26) in Colorado Springs

Things to Do This Weekend (Mar 25-Mar 26) in Colorado Springs

Colorado Springs Things to Do

Roller Derby: PPDD All Stars vs. Crossroads Roller Derby-  Sat Mar 25, 7:00 pm, Colorado Springs City Auditorium 221 East Kiowa

Admission: $10 pre-sale/$15 at the door. Kids 10 and under free. These dames know how to skate. Come watch the Derby Dames take on Crossroads Roller Derby, from Las Cruces, New Mexico. They are also hosting their fundraiser for St. Baldrick's. For more info, visit: Derby Dames Facebook

Colorado Springs Things to Do

Mountain Country Presents: Colorado Country Showcase, Sat Mar 25, 7:00 pm, Stargazers Theatre & Event Center 10 S. Parkside Drive

Admission: Free. Radio Station Mountain Country 107.3 is showcasing some incredible local talent in the country music scene. Come hear some favorite known bands and discover some new up and coming bands. For more information: Stargazer's Theatre.

 

Colorado Springs Things to Do

Art & Wine at the Library, Sat Mar 25, 2:00pm - 3:00pm, PPLD - Cheyenne Mountain Library 1785 South 8th Street, Suite 100

Admission: Free, registration recommended. Nothing goes better together than Art and Wine. Join us for an artist talk with Lori Dipasquale at the library, then we’ll head to the G44 Gallery to view her show, and finish up at Sovereignty Wines for a wine tasting!. For more information: Cheyenne Mountain Library.

 

Colorado Springs Things to Do

Bach Celebration Concert, Sun Mar 26, 3:00pm - 4:30pm, First Christian Church 16 East Platte Avenue

Admission: Free will offering. First Christian Church is holding their Annual Bach Celebration Concert featuring “Brandenburg Concerto No. 3;” “Concerto for Flute, Violin and Harpsichord;” “Orchestral Suite No. 3;” harpsichord, cello and organ solos; and chorales for the audience to sing. For more information check out their website First Christian Church.

 

Colorado Springs Things to Do

Pine Needle Basketry Class, Sat Mar 25, 1:00pm - 4:00pm, Garden of the Gods Visitor and Nature Center 1805 N 30th St

Admission: $20 per person, includes supplies – proceeds benefit the Garden of the Gods Foundation. Learn about the history of Pine Needle Basketry while making a small bowl or ornament. Reservations required. For ages 16 and up. Space fills fast so please make your reservations today. For more information: Garden of the Gods Nature Center

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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. Appraisers are always hyper sensitive to contributing to potentially over inflating any real estate market. And, with multiple offers being the norm in most price ranges here in Colorado Springs, they are even more so.  Encourage your real estate broker to have comparable sold data ready to present to an appraiser. This data should support whatever sales price the buyer and seller finally agree to...ESPECIALLY vital if that sales price is OVER what the original list price was.

2. Most real estate brokers are ridiculously busy right now, but that ABSOLUTELY DOES NOT excuse your real estate broker from not showing up to your home, with comparable sold data and a list of every improvement made to the home in hand to meet the appraiser for his or her site inspection. Your real estate broker knows your home better than the appraiser does, so make sure your real estate broker shows up and represents!

3. Your real estate broker should be as descriptive as possible about your real estate listing and include, if at all possible, ALL 36 photos that the Pikes Peak MLS allows. It helps an appraiser immensely to include photos of the front of your home, the rear of your home, the street view of your home, and all major rooms in your home as well as the features of the home itself. Again, your real estate broker knows your home better than the appraiser does. 

4. What your real estate broker should tell you, from the very beginning, about the role of an appraiser in a real estate transaction? The role of the appraiser is actually NOT to confirm the sales price, but to provide the Buyer's lender an independent, objective, and completely impartial opinion of the value of your home. This value of your home is considered the collateral to which the Buyer's loan would be based.

Happy Selling! 

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Things to Do This Weekend (Mar 18-Mar 19) in Colorado Springs

Things to Do This Weekend (Mar 18-Mar 19) in Colorado Springs

22nd Annual Pikes Peak Food and Wine Expo 2017-  Sun Mar 19, 12:00 - 3:00 pm, Broadmoor World Arena, 3185 Venetucci Blvd

Admission: $45. It is the 22nd annual showdown for local bartenders and chefs. Come see you favorites compete from Suga's, Brother Lucks, Garden Of The Gods Market And Cafe, 3 Hundred Days of Shine and many more. For more info, visit: Pikes Peak Colorado Restaurant Assoc

Who is that in the Mirror? Alzheimer's and Dementia Event to Improve Awareness and Longevity, Sat Mar 18, 9:30 am - 12:00 pm, Home Care Assistance of El Paso County 13395 Voyager Parkway Suite #120

Admission: Free. Come join the Home Care Assistance of El Paso County for the last event in their Alzheimer's and Dementia series focused on effective communication techniques with patients. Each session will also have a discussion on care options in the Colorado Springs community. . For more information: Home Care Assistance.

 

Beginning Acrylic Painting with Laura Reilly, Sun Mar 19, 10:00am - 1:00pm, Westside Community Center 1628 W. Bijou St

Admission: $75 all materials provided. Have you had a secret desire to start painting, but didn't know where to start? Take some great instruction from Laura on how to get started with acrylics. Using the Garden of the Gods for inspiration, Laura will teach you techniques to cement your foundation in painting. For more information: Beginning Acrylic Painting.

 

Colorado Springs Philharmonic presents Peer Gynt, Sat Mar 18, 7:30pm, Sun Mar 19, 2:30pm, Pikes Peak Center for the Performing Arts 190 South Cascade Avenue

Admission: $21 and up. Josep Caballé-Domenech gives lively direction to this Norweigian tale of tricksters and trolls. The Colorado Springs Chorale provides the storytelling piece making for a grand adventure. For more information check out their website Colorado Springs Philharmonic.

 

5th Annual Manitou Springs Kiwanis St. Pat's Dinner & Dance, Sat Mar 18, 6:30pm - 9:30pm, Manitou Springs City Hall 606 Manitou Springs

Admission: $35 Couple, $20 Adult, $10 Children under 12. This weekend would not be complete without a little Green. You can find your fill of corned beef and cabbage, live music and beer from the Manitou Brewery. For more information: Manitou Kiwanis

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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 expense that you’ll have is the earnest money. The earnest money shows the seller that you are committed to the purchase & aren’t out submitting offers on other properties. You give the earnest money check to your Broker or Title Company and it’s kept in escrow until the purchase is finalized. This money will go towards your closing cost or down payment at closing. There are instances throughout the buying process, where this is refundable to the buyer should the deal fall through.

Inspection Fees

The next out of pocket expense are inspection fees. There are many types of inspections you may wish to have done on your home which might include:

  • Basic home inspection to determine the condition of the home. Usually runs $300-400, depending on the size & age of the home.
  • Radon Test. This determines if your home has unsafe levels of Radon gas. Usually about $175.
  • Sewer Line Scope. To see if there are any issues with the current sewer line. Usually about $125- 200.
  • Lead Based Paint Assessment. This determines if the home contains lead paint & applies to anything built prior to 1978. This usually runs about $300.
  • Meth Lab Test. This will check to see if there has ever been methamphetamine in the home. This starts around $600 & can go to about $1200.
  • Mold Test to see if your home contains dangerous mold. This usually runs about $300. There’s also Well & Septic testing if the home has them.

These fees are to be paid in full at the time of service.

Down Payment Expense

The next expense is your down payment. This is a percentage of the sales price of the home, which you pay at closing. VA loans do not require any down payment. There’s also first-time buyer programs that provide down payment assistance for buyers that qualify. The most common loan for first timers is FHA. This requires 3.5% down payment due at closing. Conventional loans start with a minimum of 5% down payment and go up from there.

Closing Costs

The last out of pocket expense is closing costs. These are fees paid at the closing of a Real Estate transaction. This pays for things like points, appraisal and title company fees, taxes, pre-paids and many other important items. Luckily, you will know what to expect ahead of time, because lenders will provide a cost analysis worksheet with estimated fees.

If you have any questions about out of pocket expenses, please give me a call!! I’d love to help anybody that’s beginning or curious about this process.

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2017 Real Estate Market at a Glance

2017 Real Estate Market at a Glance

Our housing market is off to a great start this year. Sales are abounding. Many properties are receiving multiple offers, and the days on market are shorter than ever. For more detailed local stats, check out our Market Reports. Mortgage interest rates are still low, hovering in the 4%-4.25% range.

I just saw an article from Realtor.com which says that Colorado Springs is in the top ten hottest housing markets in the nation. Wow! Below is a snapshot from that article, as well as recent stats for this year, at the end of February:

SINGLE FAMILY HOME SALES                          : on pace with last year right now

CONDO/TOWNHOME SALES                              :   Up 7.6% over last year

AVERAGE PRICE OF A HOME                             :   Up 12.3% over last year

AVERAGE PRICE OF A TOWNHOME                :   Up 11.9% over last year

INVENTORY OF HOMES ON MARKET             : Down 23.8% from last year

INVENTORY OF TOWNHOMES ON MARKET            :   Down 15.9% from last year

Source: “These Are the Hottest Real Estate Markets in February 2017,” realtor.com® (2017)

 
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