Posts Tagged ‘Real Estate Colorado’

Know The Real estate In Colorado Springs

Tuesday, December 13th, 2011

If you have decided to purchase real estate Colorado Springs, then congratulations, you have made a very wise choice.  Colorado Springs is a wonderful place to live.  It has pleasant weather all year round, (not too hot and not too cold), growing businesses, scenic views, modern amenities, and very good school districts.

Perhaps one of the most important decisions you can make when buying property, is to retain the services of a reputable real estate agent.  They can take all the hassle out of buying a home.  They carefully examine the features you are looking for in a home, in order to obtain a comprehensive listing of homes from the MLS Colorado Springs.  Based on this report you can get a very good idea of the types of homes that are available in your budget.

Colorado Springs has homes to suit just about every budget, so you don’t have to worry about finding your ideal home. It depends on what you are looking for.  You can get homes from as low as $100,000 and others for as much as $6 mil; it all depends on your preference.

If you only have a very small amount for the down payment on a home, then you can take advantage of some deals on foreclosures.  There are foreclosures in some nice areas like Briargate and Broadmoor.    It is possible to get some foreclosures for as little as $1,000 down. Be sure to do a thorough research of what is available, or ask your real estate agent to do it for you.

If you prefer to move into a new home, then you can find a good variety of new homes in Colorado Springs. There are growing areas such as Northgate, where you can choose from a wide selection of newer homes. Northgate includes areas such as Trail Ridge, Falcons Nest, Northgate Highlands, and Stone Crossing.  Home options include modest starter homes as well as semi-custom style homes.  The price of homes in this region ranges from $200,000 to $480,000.

Southeast Colorado Springs is home to a growing community known as Soaring Eagles.  This development was completed in 2005 and has some well-built modest homes, some of which are 3500 sq. ft. in size. There are also some smaller homes which are 1200 sq. ft.  The homes are very reasonably priced.  In fact most are priced for less than $250,000.

Older style Victorian homes are also available in the older parts of the city.  Many of these homes can be found in the Old Colorado city area.  Prices for these older style homes often range from $150,000 to $420,000.

If you are looking to buy real estate Colorado Springs you won’t be disappointed as there is so much to choose from.  However, be sure you know exactly what you are looking for, and make sure to get a real estate agent to guide you.  Whether you an existing home buyer or a new one you can benefit from their expertise.

The Advantage of MLS for Colorado Springs Real Estate

Sunday, May 8th, 2011

Colorado Springs has been fortunate in that it has not witnessed the big swings that other markets have had. Colorado Springs has been lucky enough to have a slow, stable and strong growth in its housing market. In fact, Colorado Springs has had an average growth rate of 7% since 1992 and has not had the massive declines that other parts of the country have experienced.

However, there is a down side to the housing market in Colorado Springs. Property owners have been looking for brokerage options in selling their homes. The frequency of homes in the Colorado Springs area being bought and sold is exponentially more significant compared to the national average. This is due to the fact that there are many military related jobs as well as a mobile workforce associated with companies such as HP and Boeing. Since homeowners aren’t usually a fixture to the years of appreciation that properties accumulate, the high brokerage commissions are severely felt. Sellers therefore believe that their only alternative is to skip agent fees altogether by putting their property up as For Sale by Owner. However, there are other alternatives available, one of which is to utilize a flat fee listing on the Multi Listing Service (MLS).

Often times, listings are sold by buyers’ agents who sometimes work with a listing agent. Whether the listing agent sells directly to the buyer or works with the buyers’ agent, the commission rate is typically the same. Even when the buyer did not have an agent, the seller may not see any savings.

A MLS listing allows the seller to see some profit as the agreement with the listing agent is to list the property for a small, flat fee. The seller is responsible for showing the property and handles negotiations with the agent as the middleman. If the buyer’s agent is responsible for the sale, only the buyer’s agent is paid but the listing agent is not paid at closing. If a seller finds some aspects of selling a house difficult, a MLS broker can agree to take on additional functions for more money at closing but this is usually less than 1%.

Other than savings on commission payments, a huge benefit to using MLS for selling property in Colorado Springs is the effective exposure. Buyers and their agents can find data with MLS feeds and internet sites. A for sale sign is never sufficient in pulling in interested house hunters, especially, given the fact that many of them are not residents of Colorado Springs.

The MLS for Colorado Springs outreaches to neighboring areas such as Woodland Park, Falcon and others. Sellers are finding that the flat fee MLS listings offer is effective in selling anything from an urban to suburban property and a single family home to a condominium. No matter the type of property, the fact that a seller can save money by avoiding those steep commissions as well as gaining exposure to buyers, makes this alternative the best to hiring a broker. It is expected that more and more sellers will use this medium in the future.