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What's That Smell?

by The Colorado Springs Group™

Homeowners may be totally unaware that their home has an unpleasant odor. It can be unrecognizable to them but immediately apparent to visitors on entering the home.

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Candles, aerosol spray or even chocolate chip cookies can’t get rid of the smell. To eliminate the odor, the source of the smell first has to be removed and then, the affected areas can be treated.

Cigarette smoke is particularly offensive to people.  It is very common for buyers to refuse to even consider looking at a home where smoking is allowed. This odor permeates the air in a home and soaks into carpets, furniture, drapes, clothing and even the building materials like drywall and cabinets.

Pets may be considered part of the family but it is still a problem when the animals are not adequately house-broken. Urine isn’t just absorbed by the carpet but also the padding and in some cases, the subflooring. Sometimes, walls and floors have to be treated and sealed before painting and new floor covering can be installed.

If a casual friend doesn’t want to hurt your feelings about the jeans you’re wearing, you can bet the ranch that they won’t tell you about the odors in your home. You’ll need to rely on your closest friends to tell you the truth or maybe your mother-in-law.

2015 Entire Year of Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results for 2015. Single Family & Patio Homes

Black Forest: 218 Sales for a total dollar volume of $96,671,934

Briargate: 932 Sales for a total dollar volume of $304,618,830

Central: 841 Sales for a total dollar volume of $174,540,862

East: 804 Sales for a total dollar volume of $168,711,931

Fountain Valley: 1887 Sales for a total dollar volume of $396,033,690

Falcon - Peyton: 841 Sales for a total dollar volume of $237,676,144

Marksheffel: 276 Sales for a total dollar volume of $73,780,951

Northeast: 1076 Sales for a total dollar volume of $264,763,809

Northwest: 457 Sales for a total dollar volume of $161,380,842

Northgate: 497 Sales for a total dollar volume of $203,638,649

Old Colorado City: 296 Sales for a total dollar volume of $70,248,893

Powers: 1425 Sales for a total dollar volume of $337,325,884

Southeast: 614 Sales for a total dollar volume of $98,250,253

Southwest: 592 Sales for a total dollar volume of $213,974,727

Tri-Lakes: 667 Sales for a total dollar volume of $291,192,507

West: 243 Sales for a total dollar volume of $71,134,007

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 1/1/2015 through 12/31/2015.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

2015 Fourth Quarter Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results for the fourth quarter. Single Family & Patio Homes

Black Forest: 41 Sales for a total dollar volume of $18,094,955

Briargate: 191 Sales for a total dollar volume of $60,911,803

Central: 211 Sales for a total dollar volume of $42,211,263

East: 195 Sales for a total dollar volume of $41,309,666

Fountain Valley: 442 Sales for a total dollar volume of $91,272,794

Falcon - Peyton: 202 Sales for a total dollar volume of $57,377,886

Marksheffel: 61 Sales for a total dollar volume of $16,721,231

Northeast: 239 Sales for a total dollar volume of $60,435,395

Northwest: 98 Sales for a total dollar volume of $33,380,352

Northgate: 105 Sales for a total dollar volume of $43,393,195

Old Colorado City: 67 Sales for a total dollar volume of $16,570,935

Powers: 324 Sales for a total dollar volume of $76,784,272

Southeast: 126 Sales for a total dollar volume of $20,594,790

Southwest: 131 Sales for a total dollar volume of $41,771,972

Tri-Lakes: 138 Sales for a total dollar volume of $62,285,718

West: 57 Sales for a total dollar volume of $17,062,310

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 10/1/2015 through 12/31/2015.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

Remember to Get Your Annual Credit Report

by The Colorado Springs Group™

You are probably aware that Federal law entitles you to a free copy of your credit report annually by each of the three credit bureaus: TransUnion, Experian, and Equifax. By regularly looking at each of these reports, you can determine if there are any errors on them and be aware of your credit worthiness.

Instead of ordering all three at the same time, experts recommend that you stagger them throughout the year. This will let you look at your credit at three different times during the year instead of only once a year.

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An easy way make this happens on a timely basis is to set a recurring appointment on your digital calendar whether it is on your phone, your email program or a contact manager. Make the appointment to order a free credit report fromwww.AnnualCreditReport.com a recurring event to take place every four months. You’ll order one report from each of three companies once a year.

You can record that date and the bureau you ordered the last report in the appointment’s note section so that you’ll have a history and won’t try to order the same report twice in one year.

This isn’t just for people who are trying to clean-up their credit. This procedure allows you to monitor your credit to be sure that your report is accurate. You might even discover that someone is illegally using your good credit.

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2015 December Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results for December. Single Family & Patio Homes

Black Forest: 14 Sales for a total dollar volume of $6,387,150

Briargate: 71 Sales for a total dollar volume of $22,124,140

Central: 93 Sales for a total dollar volume of $17,656,393

East: 66 Sales for a total dollar volume of $14,719,195

Fountain Valley: 169 Sales for a total dollar volume of $35,491,976

Falcon - Peyton: 78 Sales for a total dollar volume of $23,028,232

Marksheffel: 20 Sales for a total dollar volume of $5,318,896

Northeast: 75 Sales for a total dollar volume of $19,003,560

Northwest: 38 Sales for a total dollar volume of $12,836,002

Northgate: 44 Sales for a total dollar volume of $18,582,323

Old Colorado City: 20 Sales for a total dollar volume of $4,606,978

Powers: 128 Sales for a total dollar volume of $30,887,114

Southeast: 43 Sales for a total dollar volume of $7,141,600

Southwest: 48 Sales for a total dollar volume of $14,141,552

Tri-Lakes: 59 Sales for a total dollar volume of $27,010,484

West: 24 Sales for a total dollar volume of $6,428,660

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 12/1/2015 through 12/31/2015.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

 

It's Your Advantage

by The Colorado Springs Group™

Technology has certainly streamlined the home buying process and introduced things that help purchasers make better decisions. Buyers have enthusiastically embraced video tours, digital signatures and the enormous amount of information available about a home, neighborhood, schools and neighbors.

The ironic thing is that buyers are ignoring the one single thing that can help them secure the “right” home. Talking to a lender or using a financial calculator is not pre-approval.

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Pre-approval requires written verification on employment and income and ordering a credit report for the purpose of obtaining a mortgage. A mortgage credit score is different than what a person might see from credit reporting websites. 

Pre-approval gives buyers the confidence to know the amount they can borrow which can result in bargaining power when dealing with a seller or competing against another offer. Transactions can close quicker once a buyer has been pre-approved.

If any issues are discovered in the initial process, the purchaser and lender will have more time to correct them compared to trying to get it done during the loan approval period as stated in the sales contract.

Most lenders best interest rates are only available to the best borrowers. You might get approved on a loan but at a higher rate than you expected which could make a significant difference in the monthly payments.

The “right” home without financing will never have the buyer’s address. Getting pre-approved with a trusted mortgage professional is one of the first steps in the buying process. It can definitely be an advantage that will benefit you in negotiations and ultimately, during the time you own the home.

Early Burnout Could Be Good

by The Colorado Springs Group™

Most of us understand the expression "burning the candle at both ends" to mean working so hard that you burn yourself out. Normally, that wouldn’t be a good idea unless it is intentional.

If the candle is your mortgage and the strategy is to get it paid off early, being “burned out” would be a good thing. One end of the candle would be your regular mortgage payments and the other end would represent additional principal contributions.

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Since the Great Recession, lenders have been reporting a higher than normal number of borrowers getting shorter term mortgages not only when the purchase the home originally but when they refinance them also. It seems like the mindset of America’s homeowner has shifted a little from the belief that they will always have a house payment.

The extra $100, $200 or $500 in your checking account isn’t earning interest. Additional principal contributions with your regular payments on a fixed rate mortgage will save interest, build equity and shorten the term of the mortgage.

Wealth management is about making financially wise choices. If having your home paid for by retirement age is one of your goals, making extra contributions regularly could get you there. Use this Equity Accelerator to see how it will affect your loan.

Displaying blog entries 1-7 of 7

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The Colorado Springs Group™
6665 Wild Indigo Drive
Colorado Springs CO 80923
(719) 799-3686

Kevin & Jessica
The Colorado Springs Group
6665 Wild Indigo Drive
Colorado Springs, CO 80923
(719) 799-3686