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Dates & Deadlines, Inspections & Appraisals

by The Colorado Springs Group™

Our job as Realtors can be similar to conducting a symphony when it comes to getting the dates and deadlines of a contract to line up nicely. There are several things going on at once, and keeping things in harmony will allow for a smooth ride to closing. The most important dates and deadlines that get mixed up involve Inspections and Appraisals. The reason for this is that you need enough time to have an inspection, enough time to create proper objection to remedy any problems found during the inspection, enough time for the seller to respond to any objection as to what they will or will not do, and all before ordering the appraisal so that it is done in plenty of time for review before closing.

Think about this: let's say you have an appraisal deadline 3 days after the inspection objection deadline but 2 days before the inspection resolution deadline. This means you have to order (pay) for an appraisal before you even know if the seller will do anything at all to fix problems found during the inspection. That can be a costly mistake. If you're a seller and this happens, the buyer just spent an extra $450 or more on that appraisal so maybe you feel they're more invested in this home and will accept an agreement to fewer repairs.

2015 January Sales Activity

by The Colorado Springs Group™

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

Black Forest: 14 Sales for a total dollar volume of $5,336,800

Briargate: 48 Sales for a total dollar volume of $15,971,265

Central: 54 Sales for a total dollar volume of $11,310,920

East: 30 Sales for a total dollar volume of $5,876,725

Fountain Valley: 111 Sales for a total dollar volume of $24,185,729

Falcon - Peyton: 33 Sales for a total dollar volume of $8,713,216

Marksheffel: 12 Sales for a total dollar volume of $3,033,766

Northeast: 39 Sales for a total dollar volume of $8,523,300

Northwest: 31 Sales for a total dollar volume of $4,328,175

Northgate: 31 Sales for a total dollar volume of $12,703,374

Old Colorado City: 11 Sales for a total dollar volume of $2,890,212

Powers: 54 Sales for a total dollar volume of $12,815,171

Southeast: 23 Sales for a total dollar volume of $3,478,572

Southwest: 31 Sales for a total dollar volume of $10,440,525

Tri-Lakes: 35 Sales for a total dollar volume of $15,150,319

West: 15 Sales for a total dollar volume of $4,964,572

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 1/1/2015 through 1/31/2015.  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."

 

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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