Shawn

Buyers Category

45 Puma Path Manitou Springs CO 80829 $385000

Enjoy The Beauty of Mountain Living With City Convenience! [nggallery id=22] Low maintenance Manitou beauty! Shows beautifully! Log accents on main level give a comfortable feel. Large kitchen and dining area. Huge master suite with walkout to patio. Perfect for an evening glass of wine or morning coffee. Two more large bedrooms round out the upper level. Stucco exterior. Extensive patio area for outdoor entertaining plus large front deck to enjoy mountain views. So unique and inviting. Xeriscaped for easy living. This...Continue Reading!

5755 Pamlico 80923 $174,900

[nggallery id=21] Model Condition! This cute bi-level home is ready for quick closing and move in. Owner has added a few custom paint touches to the already beautiful decor. Good sized eat-in kitchen. Formal living room plus a cozy family room with fireplace in the lower level. Total of three bedrooms and two baths. Large deck for outdoor entertaining. Over 1300 square feet of living space. Located in the Sundown area, this property is close to everything! Schools, parks, shopping. Easy commute...Continue Reading!

1209 W Bijou $89,900

Rare Opportunity! [nggallery id=20] This bank-owned bungalow is close to everything in Old Colorado City as well as downtown! Some interior rehab has been completed-paint, kitchen, drywall etc. Only a few cosmetic updates are needed to complete the look. This listing is new on the market and the bids will be submitted beginning next Saturday. We expect multiple offers on this one! The house has two official bedrooms with a third room that will work great as an office (no closet). Newer attached...Continue Reading!

How To Buy a Foreclosure Property or REO Part 2

Inspection, Appraisal & Closing Once you have an accepted contract, the fun begins! All REO assets are sold in "as-is" condition. This means that you can do your inspection for informational purposes only. When the seller negotiates the sales price with you, they do so and make you agree that you will not try to come back with a reduction in sales price to compensate for things that are wrong with the house. (more...)Continue Reading!

How To Buy A Foreclosure Property or REO Part 1

REO  What does it mean? The term REO means "Real Estate Owned." This term applies to properties that have already completed the foreclosure process and have moved into the bank's real estate inventory. Banks are in the business of lending money and not owning property. Because of this they like to sell the foreclosed assets quickly to a new buyer. Purchasing one of these properties is not difficult but it does require some patience and a bit of skill on the...Continue Reading!

PCS to Colorado Springs?

Homebuying FAQ's 1. Isn't it just easier to rent than to buy? I get this question a lot. Colorado Springs is very different from other duty stations you may have lived at. The area is large but really still small. That won't make sense to you now but when you arrive you'll get what I mean. We have really one county in our area (excluding the mountain communities). Finding a home takes (with a good Realtor of course) no more than a...Continue Reading!

Colorado Springs One of the Best Housing Markets for 2012

The local newspaper, The Gazette just published an article saying that Colorado Springs has been chosen as the #7 best housing market for 2012 by Builder Magazine.  What does this mean? It means that our real estate market is healthy and is projected to stay that way in 2012.  The fact we have several major military installations here keeps our market strong. This always a need for housing for people moving into out area! Personnell making a PCS move to Fort...Continue Reading!

Walkout Basements and Radon

I just closed on a sale for one of my military buyers. It was a wonderful home in Broadmoor Glen at the base of Cheyenne Mountain. Typically, this area will have high radon readings when testing is done. When it came time to do the home inspection, the buyer was deciding whether or not to do the radon testing.  Radon testing costs around $110 extra on top of the regular home inspection fees according to Scott Whitbeck of HomeTeam inspections. ...Continue Reading!

FHA Loan Limits Are Going Down Soon!

Buy or Re-Fi now! As of September 30,2011 the new FHA loan limits will be going down. Please remember though that this means the loan limit and not the sales price. FHA requires at least a 3.5% down payment on every loan. For a single family home in El Paso county, the new FHA loan limit will be $271,050 instead of the current $325000. I personally do not see this as a problem in the Colorado Springs area. (more...)Continue Reading!

“Do’s” and “Don’ts” Make Getting a Mortgage Easier

Waiting for your closing day? During the processing of your loan there are certain things to keep in mind that may impact your loan transaction. During the loan approval process, your credit history, income and assets are verified for the initial approval and oftentimes just before your loan closing.  (more...)Continue Reading!