Latest from Patricia
Market reports, buying and selling advice, and notes on Colorado Springs neighborhoods since 2008.
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…
April 20, 2009 · Buying
A property becomes a short sale listing when the homeowner owes more on the mortgage than what the property can be sold for in the current market. Many homebuyers are interested in purchasing pre-foreclosures since they…
April 19, 2009 · Buying
Buyers in Colorado Springs have probably noticed some of the short sale properties they have seen are double close transactions. An investor usually negotiates the short sale with the bank in advance for the seller and…
April 10, 2009 · Market reports
Home inventory decreased by 13.1% for the month of March 2009 when compared to six months ago (October 2008). Compared to the previous month of February, there was a slight increase of .3%in single family homes for sale.…
April 10, 2009 · Market reports
Homes sales increased by 12.3% in El Paso County for the month of March when compared to February 2009. Home sales will start increasing now that we have entered the busier time of the year for real estate in Colorado…
April 8, 2009 · Market reports
Real Estate Market Report - Meridian Ranch - March 2009 Average List Price: $325,890Average Days on Market (active listings): 188 daysAbsorption Rate: 5.3%List Price vs. Sale Price Ratio: 97.6% Contact me for additional…
April 8, 2009 · Market reports
Colorado Springs Real Estate Market Report for Newport Heights Subdivision - March 2009 Average List Price: $308,520Average Days on Market (active listings): 184 daysAbsorption Rate: 1.5%List Price vs. Sale Price Ratio:…
April 8, 2009 · Market reports
Colorado Springs Real Estate - Market Report for Sundown - March 2009 Average List Price: $203,384Average Days on Market (active listings): 99 days Absorption Rate: 3%List Price vs. Sale Price Ratio: 98.3% Contact me for…
