Kathy A. Torline-Nordstrom
ERA Herman Group Real Estate
Serving Colorado Springs
Don't forget to take advantage of the Mortgage Interest Deduction for your Colorado Home Search for all Homes in Colorado Springs There are many wonderful benefits to owning your own home, and it's always important to remember to take advantage of the interest rate deduction. There has been periodic discussions about the deduction being taken away by Congress, and time will tell if this ever happens. But in the mean time, don't forget to take advantage of it and include it on...Continue Reading!
Monument Colorado Homes, Single Family Homes Neighborhoods Include: Palmer Lake, Woodmoor, King's Deer Zip code 80132 Search for Homes for sale in Monument Colorado Here's a quick summary of the Real Estate Market for Monument Colorado for 2013 Pricing increased by 2% from 2013 to 2012 Number of homes sold increased by 20% from 2013 to 2012 Neighborhoods Jackson Creek: Average Price $300,176 --- Price per square foot: $102.93 Average age built in 2002 Kings Deer: Average Price $596,420 --- Price per square foot: $112.49 Average age built in 2002 Palmer Lake: ...Continue Reading!
Colorado home buyers like wood floors Wood floors and winter weather don't always mix, and since wood floors are very popular in Colorado it's important to know how to maintain them. Search for Colorado Springs Homes Let's first start with why home owners like them. Even though they are expensive to install, if they are maintained properly they can last the lifetime of a house. Certainly can't say the same for carpet! And even thought tile is also very durable, it's not appealing for many...Continue Reading!
Colorado Springs Housing Market Report for Old Colorado City Homes, Single Family Neighborhoods Include: Crown Hill Mesa, Colorado City, and Old Colorado City Zip code 80904, 80905, 80903 Search for homes in Old Colorado City Area Colorado Springs Here's a quick summary of the Real Estate Market for Old Colorado City Area Colorado Springs as of 12-31-2013 Average pricing has ]increased by 18% in 2013 vs. 2012 Average Number of homes sold increased by 30% 2013 vs. 2012 Days on Market has decreased in 2013. Most Expensive Sale...Continue Reading!
Where are the gated communities in Colorado Springs? Search for Colorado Springs Homes Search for Colorado Springs Luxury Homes I'm often asked by people moving to Colorado Springs, for a list of developments in the area that have guard houses at the entrance with security. For a long time, there were really only 2 areas that met this criteria, Kissing Camels and Cedar Heights. But during the building boom years in the 1990's, were many more developments built that are gated communities....Continue Reading!
Old Colorado City History Search for homes in Old Colorado City One of the oldest buildings in Colorado Springs is Dr. Gavin's 1859 log cabin located in Bancroft Park in Old Colorado Springs. Dr. Gavin was a prominent doctor in the Colorado Springs area. The cabin was originally used for seeing patients, as well as for his living quarters. Bancroft Park is located in Old Colorado City, which once served as Colorado's capital. Bancroft Park is located on the south side of Colorado...Continue Reading!
Colorado Real Estate Terms Search for Colorado Springs real estate Like all industry's, the real estate industry has it's fair share of real estate jargon. These are terms that realtors use day in and day out, but the general public doesn't understand these terms as they are industry specific. Let's first start with the term Listing Agent. What the heck does that mean? When a home owner wants to sell their home, they typically list it with a Realtor to provide marketing services...Continue Reading!
Colorado Springs Housing Market Report for CENTRAL Homes, Single Family Homes Neighborhoods Include: Homes in Downtown, Old North End, East End Addition Zip code 80903 and 80907 Search for homes in CENTRAL Colorado Springs Here's a quick summary of the Real Estate Market for Central Colorado Springs for 2013. Pricing increased by 5% from 2013 to 2012 Number of homes sold increased by 22% from 2012 to 2011 Days on Market decreased by 35% from 2012 to 2011 Most Expensive Sale in area: Address: 707 S. Hancock Price: $24,900 Square...Continue Reading!
FHA loan changes Effective January 1st 2014 the maximum FHA loan limits in El Paso County will decrease from $325,000 to 271,050. If a buyer purchases a home for $280,850 and puts down the minimum downpayment of 3.5%, they will be within the maximum FHA loan limits . According to one of the press releases I read, there are 650 counties that are going to be receiving lower FHA loan limits as of January 1st. It's also important to note that...Continue Reading!
Fires risk increases during the winter in Colorado Springs With the brutally cold weather we've currently been having in Colorado Springs, it's made me think about the fire hazards during the winter time. Also since the December holiday season typically includes cold weather, lots of cooking, holiday decorations, and lighted candles, it's understandable how the fire risk increases in the winter. Here's some quick facts about winter fires: Fires are more prevalent in the winter Cooking is the leading cause of all winter...Continue Reading!
7 key things to know about seller concessions (1) What is a seller concession? It is a financial contribution from the seller to the buyer, typically negotiated as part of the Buy Sell contract in Colorado. (2) What can a seller concession be used for? It is often used to help pay for the closing cost that buyers incurs in getting a loan to purchase a property. (3) Why would I ask for a seller concession? As a buyer, you may have great credit scores and...Continue Reading!
Colorado Springs Short Sales Want a list of all of the short sales on the market? Email Kathy at [email protected] Is it too late to purchase a short sale home in Colorado Springs? Now since the market has turned, are they all gone? I did a quick search in the MLS today, and there are still 396 short sales listed for sale, and there are currently 3822 homes for sale. That equates to 10% of the listings are short sales. Now even...Continue Reading!
Do you have a doggy door in your house? There have recently been at least 5 burglaries in the Denver and Colorado Springs area where the entrance to the house was by the doggie door; and it seems like almost every major city has had a string of burglaries where the entrance has been from the doggie door. Certainly makes you wonder if you should or should have a doggie door for your pet. It's important to realize that if you have...Continue Reading!
Homes in Palmer Lake and Monument, Colorado I have many favorite neighborhoods in the Colorado Springs area, but I'm probably most partial to homes on wooded lots, homes on the west side of Colorado Springs, homes on acreage, and historic homes. As a Colorado Springs relocation expert, I often get asked about homes north of Colorado Springs in the Monument and Palmer Lake area. It's a beautiful area to live, many homes on acreage, and many home on wooded lots. BUT,...Continue Reading!
Is it too late to invest in Real Estate in Colorado Springs Search for investment properties in Colorado Springs I often get asked by new real estate investors, is it too late to invest in real estate? In my opinion it is never too late, just need to be realistic about your expectations and understand why you want to invest in real estate. Do you want to flip properties? Do you want to buy and hold? Are you looking for long term...Continue Reading!
Colorado Springs Foreclosures continue to decline Search for Colorado Springs foreclosures We've all seen the headlines, the real estate market is doing better. But the big question, is how much better? There are many ways to answer this question, but one way is too look at the number of properties foreclosing. As foreclosed properties eventually will come back on the market, and they are typically at reduced priced to the general market place. Per the reports on the El Paso Public Trustee's web...Continue Reading!
Does a death in a house in Colorado have to be disclosed to potential buyers? Real estate laws vary from state to state. Some states require that an owner disclose all type of facts about a house, including if someone has died in the house. In Colorado real estate, this is not a required disclosure. It is not considered a material fact in Colorado, but in some states, including California, it is required to be disclosed. Buyers need to decide: Do they want...Continue Reading!
New Homes in Colorado Springs and lot premiums go hand in hand Search for new homes in Colorado Springs I've helped a couple of buyers recently purchase new homes in the Colorado Springs area, and it's reminded me how little lot premiums are undrstood. Let's start with some of the basic What is a lot premium? When developers and builders put together the lots in a subdivision, there are some lots that buyers may consider more desirable than other lots. As an example, a...Continue Reading!
How much should I pay for this home? Search for Colorado Springs Homes As a Colorado Springs Realtor, I'm always analyzing the marketing, and I like data. Let me repeat again, I like data, but I know that it's important on how I interpret the data. Numbers can be deceiving. One of the often quoted numbers in the Colorado Springs area is the asking price of homes vs. the actual sales price of homes. According to information published by the Pikes Realtor...Continue Reading!
Moving to Colorado Springs Search for homes on acreage in the Colorado Springs area There are many reasons that people want to relocate to the Colorado Springs area, and I often hear from people that they are looking for a home with acreage when they want to move. I understand that desire to have some land, as I live on a 1 acre lot right next to National Forest. The important thing to remember, is that most of homes with acreage in...Continue Reading!