Latest from Patricia
Market reports, buying and selling advice, and notes on Colorado Springs neighborhoods since 2008.
July 30, 2009 · Buying
Many homeowners make the decision to downsize. Often times, a large living area is no longer needed once the children have grown or many are planning for retirement and want to find a home where they can live in…
July 30, 2009 · Mortgage
For seniors 62 and older, Reverse Mortgages may be a great option for gaining access to the equity in their home for additional income. No monthly mortgage payments are required and the equity pulled out of the home does…
July 28, 2009 · Market reports
The Northeast area is located in the in School District 11. A total of 92 single family homes sold in the month of June with the average sale price of $235,506. The average days on market for homes that sold in June 2009…
July 27, 2009 · Buying
VA is offering Energy-Efficient Mortgages (EEM) to borrowers who are interested in making energy-efficient improvements to their home. New borrowers or current homeowners interested in re-financing can increase their…
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 15, 2009 · Market reports
Home inventory increased by 4% for the month of June 2009 when compared to six months ago (January 2009). Compared to the previous month of May, there was a slight increase (1.6%) in single family homes for sale. It is…
July 15, 2009 · Market reports
Homes sales increased by 4.9% in El Paso County for the month of June when compared to May 2009. There were only 6 additional single family home sales in June 2008 when compared to total single family home sales for June…
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 · News
As of July 1, 2009 all home sellers in Colorado Springs who have an appliance that operates from natural gas (i.e. furnace, water heater), are now required to have Carbon Monoxide Alarms installed within 15 feet of all…
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…
