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New Monthly Home Payment

by The Colorado Springs Group™

Everyone loves having equity in a home. For most of us, that equity isn't instant and it costs a lot of money over time both in interest and upkeep. It's not only a smart idea to be comfortable with your monthly payment, but an even better idea to plan for changes in the future. It's easy to figure out what you're comfortable with today, but what if you take a pay cut in the future or maybe decide to start a family?

Before making an offer on a home, you should have a very good idea as to what your monthly payment will be. This can include your taxes, insurance, assessments, HOA dues, etc. Sometimes it's hard to get an exact quote on insurance before an offer is accepted, but other than that you should have most things figured out very well. There should be no surprises to you at or near closing on the home.

People who figure out what monthly payments they are most comfortable with before looking at houses seem to enjoy house shopping more. They know what they are able to afford, and why. Usually these people are willing to look at homes at top of their price point, but it's not their starting point when looking.

2010 February Sales Activity

by The Colorado Springs Group™

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

Black Forest: 12 Sales for a total dollar volume of $3,771,988

Briargate: 25 Sales for a total dollar volume of $6,568,090

Central: 44 Sales for a total dollar volume of $6,497,100

East: 31 Sales for a total dollar volume of $5,158,600

Fountain Valley: 74 Sales for a total dollar volume of $11,884,059

Falcon - Peyton: 39 Sales for a total dollar volume of $8,526,606

Marksheffel: 12 Sales for a total dollar volume of $2,532,953

Northeast: 45 Sales for a total dollar volume of $10,429,974

Northwest: 15 Sales for a total dollar volume of $3,831,990

Northgate: 19 Sales for a total dollar volume of $6,345,120

Old Colorado City: 5 Sales for a total dollar volume of $601,550

Powers: 76 Sales for a total dollar volume of $14,706,800

Southeast: 42 Sales for a total dollar volume of $5,962,293

Southwest: 33 Sales for a total dollar volume of $11,728,900

Tri-Lakes: 23 Sales for a total dollar volume of $7,499,805

West: 9 Sales for a total dollar volume of $1,473,180

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 2/1/2010 through 2/28/2010.  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."

Give & Take While Holding Firm

by The Colorado Springs Group™

In any negotiation there is some sort of compromise by the time an agreement is made. We've found that figuring out what's most important to you before negotiations even begin is the best way to end up giving less. Don't approach things thinking of what you are going to take, approach them as what you are willing to give. You know what you want, and once you can't have what you want it's easy to forget what you were willing to give (pay). Sometimes having a backup home to make an offer on allows you to be more relaxed when negotiating.

I'm going to point something out that may not be obvious to many people. When making an offer or looking over an offer you've received, that's by no means the end of the negotiations in getting a home sold. Maybe you're paying a higher price than you wanted to, but you have every right to ask for more things in the inspection than you normally would have. You're paying more for the house so maybe you want it in better condition. It's the same thing when the seller is accepting less for a home... maybe they feel like they're almost giving the house away and therefore will only agree to minimal things when dealing with any inspection items.

It's not often that both seller and buyer feel as though they got a great deal. Our clients come back and refer people to us for a reason... if anyone is happy at the closing table they know they're going to be in that section. We do see things happen where both sides are happy at the closing table.

Displaying blog entries 1-3 of 3

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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