Latest from Patricia
Market reports, buying and selling advice, and notes on Colorado Springs neighborhoods since 2008.
July 27, 2009 · Buying
One advantage of having a VA mortgage is that it is assumable. If the interest rates skyrocketed and a buyer wanted to assume the seller’s VA loan instead of obtaining a new loan with a high interest rate, it can be done…
July 23, 2009 · Buying
Many Veterans are not aware of the Specially Adapted Housing (SAH) and Special Housing Adaptation (SHA) grants that are available.The grants provide disabled Veterans with the opportunity to make necessary adaptations to…
July 14, 2009 · Buying
Many homes in Colorado Springs built in the mid 70's through the late 90's had Polybutylene plumbing installed since it was more economical than copper. It was later discovered the Polybutylene pipes had problems with…
July 14, 2009 · Buying
When out looking at homes, buyers can save themselves a lot of wasted time by paying attention to possible problems with the home before submitting an offer. Many first time home buyers in Colorado Springs are seeking…
July 8, 2009 · Buying
It can be tricky timing everything correctly when selling one home and buying another at the same time. Closing on two homes in the same day is not uncommon but can pose problems if there are any delays with the…
June 15, 2009 · Buying
Many bank owned properties in Colorado Springs are receiving multiple offers since there are fewer foreclosures available in the Colorado Springs Real Estate Market. The number of foreclosures has not necessarily…
May 18, 2009 · Buying
Many first time home buyers in Colorado Springs who cannot afford to purchase a single family residence opt for a townhome or condominium instead. So what is the difference between a condominium and a townhome? An owner…
May 1, 2009 · Buying
Finding a home is an exciting process; although you may want to start looking at homes right away, it is very important to get prequalified first. The last thing you want to do is find a home you like only to find out…
April 29, 2009 · Buying
Many home buyers in Colorado Springs that would like to buy a home but cannot afford the down payment choose to obtain down payment assistance from the Colorado Housing and Finance Authority (CHFA). Formerly, borrowers…
April 29, 2009 · Buying
Many buyers have been asking me questions recently related to Earnest Money so I thought I would provide a quick FAQ below. Q: What is Earnest Money? A: Earnest Money is provided to a home seller as a sign of good faith…
April 29, 2009 · Buying
If you are interested in purchasing a home but haven’t used credit in 6 months or more, you may not have a FICO score. This may be an issue for those in the military who have been overseas for some time and plan on…
April 23, 2009 · Buying
If you are looking to purchase a bank owned property and want a bargain, take a look at how many days the home has been for sale before submitting your offer. If the home has been on the market for 30 days or less, the…
