A polished home exterior creates an inviting experience for visitors or passersby, which is especially important if your home is on the market. Check out our tips to get the most curb appeal for the lowest cost — while turning your neighbors’ heads and getting prospective buyers to your door. Continue reading ...
Prepping Your Home For Sale
The most impactful mission a seller can accomplish, as they entertain listing their home, is the prep of their home. Proper preparation of a home, inside and out, is vital in order for a home owner to get the most value for their home. The organization, cleanliness, and staging is very important. Once you accomplish the prep work and your home is ready to list maintaining that appearance throughout the showing process is essential. Continue reading ...
6 Ideas For Selling Your Home In The Winter
#1 Keep the house warm. While you don't have to keep the heat on all the time, keep the house warm during showings. You don't want people shivering while they look through the house. Set the thermostat to at least 70 degrees -- whether you'll be in the house or not Continue reading ...
Selling Your Home? 8 Uncomfortable Realizations You'll Have Before You Succeed
Selling a home is just one of those experiences you've got to go through to truly understand—it's a lot more involved, emotional, and exasperating than you might think. Continue reading ...
Housing Market Colo. Springs: Home Sellers Getting More Than Asking Price, Says Study
COLORADO SPRINGS, CO -- Everyone knows Metro Denver and the Front Range have a tight housing market, with demand for homes in the area exceeding the supply. A new study shows that this summer, Colorado Springs had a boost in sales prices with 50 percent of sellers receiving more than asking price. Homelight.com, an online site connecting home sellers with real estate agents, reviewed the last three years' worth of home transactions data to determine some of the country's tightest housing markets. Continue reading ...
Hardball Fouls: 6 Home-Selling Negotiation Strategies That Can Backfire
When you're selling your home, you might imagine you hold all the cards. And you do—sort of. But it's easy to become overconfident in a seller's market. If you don't do a reality check, pronto, you could end up sabotaging your sale. So much for that straight flush! Here are six common home seller negotiation tactics that can totally backfire if you don't approach them carefully. Continue reading ...
Colorado Springs home prices skyrocket to another record high
By Rich Laden May 2nd 2017 Colorado Springs-area home prices soared to another record high last month as the single-family housing market continued its run of rising values and booming sales. "It's not hot, it's boiling," said veteran real estate agent Harry Salzman of Salzman Real Estate Services and ERA Shields Real Estate. "It's beyond hot." The median price - or mid-point - of homes sold during April climbed to $275,000, up nearly 11 percent from a year ago and breaking the record of $268,000 just set in March, according to a new Pikes Peak Association of Realtors report. Continue reading ...
Selling Your House? Better Prepare for the Home Inspection
5 tips to ensure your home sells in the winter
It's not peak selling season, but these smart strategies will help you make sure your home looks good even when the weather is dreary. By Jerold Leslie Continue reading ...
Weird stuff that hurts home values
By Liz Weston Original is here: http://money.msn.com/home-loans/weird-stuff-that-hurts-home-values-weston.aspx?gt1=33006 Continue reading ...
Homeowners in Denial About Value of Properties
Original is here http://finance.yahoo.com/news/Homeowners-in-Denial-About-nytimes-2586795538.html?x=0&.v=1 Continue reading ...
Neighbors hurt your home's value?
Original is here: http://money.msn.com/home-loans/neighbors-hurting-your-homes-value-weston.aspx?page=0 Continue reading ...
Why home prices are falling -- again
Original is here: http://money.msn.com/exchange-traded-fund/why-home-prices-are-falling-again-mirhaydari.aspx?GT1=33009 Continue reading ...
More houses for sale, and more online searches
Realtor.com data find median price stable, but houses are staying on the market longer — in some markets. Posted by Teresa at MSN Real Estate Original is here http://realestate.msn.com/blogs/listedblogpost.aspx?post=5bbc5589-fee3-433e-8572-ab325c073802 Continue reading ...
Consumer Corner: New homes shrinking as buyers try to make their dollars stretch
Original is here: http://www.upi.com/Business_News/Consumer-Corner/2011/04/10/Consumer-Corner-New-homes-shrinking-as-buyers-try-to-make-their-dollars-stretch/UPI-42521302422400/ Continue reading ...
Stage Your Home like a Pro for Free!
Stage your home like a pro for free With a little work, you can stage your home yourself to make it stand out from the crowd. Continue reading ...
What Rooms Would You Ditch In Your Home?
When it comes to new homes, small is beautiful right now. Ditto for retro designs – village colonials and wrap around front porches come to mind. As they struggle to survive in one of the worst markets in generations, that’s one formula an increasing number of builders have settled on. If you are a fan of the 70s' style modern home, with its collection of sharp angles and broad windows, well it looks like you are out of luck right now. Continue reading ...
Creative Types of Transactions and their Definitions
Creative Types of Transactions and their Definitions Subject To. A "subject to" transaction is where the seller simply deeds the property (warranty deed) to the buyer in exchange for cash or the buyer curing a loan that is in default. The note remains in the seller's name, but the buyer owns the property. This type of transaction is risky for the seller because there's no recourse if the buyer does not pay. However, if the seller is in foreclosure, it would be to his benefit to have the loan cured to save his credit. Continue reading ...
Owner Financing 101
Owner Financing 101 by Attorney William Bronchick ------------------------------------------------------------------------ There are many benefits for doing an owner-carry installment sale as opposed to conventional financing for both the buyer and seller. Sometimes the advantages inure to the benefit of one or the other, but in most cases the transaction is “Win/Win” for both parties. Benefits for the Seller Most sellers of real property insist on the highest price and all cash. Sellers want a fast closing with little hassle. Sellers also want to pay as little taxes as possible on the gains incurred. In many cases, the seller can have most of his needs satisfied by an installment sale rather than a traditional cash sale. Let’s look at these needs one by one. Continue reading ...
There’s No “Due on Sale” Jail – How to Take a Property Subject To An Existing Mortgage
There’s No “Due on Sale” Jail – How to Take a Property Subject To An Existing Mortgage by Attorney William Bronchick The “due-on-sale” clause is probably the most talked about, feared and misunderstood topic in real estate. This article will dispel any misunderstandings you may have about the due-on-sale and suggest a simple, yet effective strategy to get around it. What is the Due-on-Sale Clause? Before we discuss how to get around the due-on-sale, we must understand what it is and where it came from. The due-on-sale (a.k.a “acceleration clause”) is a provision in a mortgage document which gives the lender the right to demand payment of the remaining balance of the loan when the property is sold. It is a contractual right, not a law. This means that if title to the property is transferred, the bank may (or may not), at its option, decide to “call the loan due.” Continue reading ...
Homeowners Advice: Things to do before you sell your home
Selling your house cannot be an impulsive decision and you must plan for it. This has to come before you start fixing things up, or choosing dates for open houses. Preparation is the key to obtaining the maximum profits from the sale of your home. Selling strategies for your property must include a thorough and honest examination of why you want to sell. Buying another house elsewhere is the primary motivation behind most home sales. Preparing... Continue reading ...
5 Reasons You Still Need A Real Estate Agent
5 reasons you still need a real-estate agent You might think buying or selling on your own will save money, but it could be more costly in the long run. The proliferation of services that help homebuyers and sellers complete their own real-estate transactions is relatively recent, and it may have you wondering whether using a real-estate agent is becoming a relic of a bygone era. While doing the work yourself can save you the significant commissions that many real-estate agents command, for many, flying solo may not be the way to go — and could end up being more costly than a commission in the long run. Buying or selling a home is a major financial and emotional undertaking. Find out why you shouldn't discard the notion of hiring an agent just yet. 1. Better access/more convenience A real-estate agent's full-time job is to act as a liaison between buyers and sellers. This means that he or she will have easy access to all other properties listed by other agents and will know what needs to be done to get a deal together. For example, if you are looking to buy a home, a real-estate agent will track down homes that meet your criteria, get in touch with sellers' agents and make appointments for you to view the homes. If you are buying on your own, you will have to play this telephone tag yourself. This may be especially difficult if you're shopping for homes that are for sale by owner. Continue reading ...
A Buyer's Market means BUY!!!
The Colorado Springs Real Estate Market is starting to see some marked improvements since last year. Homes are selling more quickly, and for more money than the beginning of last year. Even though the housing market is improving, we are still firmly entrenched in a buyers market. A buyers market means more available homes and less qualified buyers. This means one thing… qualified buyers should BUY! It’s a buyers market for Pete’s sake.... Continue reading ...
7 Reasons Your Home Didn't Sell (and none of them are price)
One of the most frustrating experiences that can happen to home sellers is when they hire a listing agent, an “expert” they trust, and the house they are trying to sell sits on the market for months and months. Eventually the contract you have with your Agent expires and you’re left there with your home... unsold. This scenario is actually more common than you’d expect. It’s an awful experience for the home seller and usually plays out the same way. The seller will be asked numerous times to lower the price, even if it’s the same price the listing agent originally convinced the seller to list at. Price is certainly the most important factor in selling a house; it overrules all other factors. It’s not, however, the only factor. There are several other reasons that your house may not have sold, besides the price. These are the factors we need to examine. I hope this article provides you with some helpful information in going forward with your future plans. If those plans still include selling your house, this pamphlet should provide you with some tips on what you can do to more effectively market your home. Some of these tips aren’t things you, as the home seller, will do directly. In these instances, I hope they will work as things you can look for in an Agent. READ THE REASONS.... Continue reading ...