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Archive for September 11th, 2008

Broadmoor Homes, August Market Report

Single Family Homes

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Single Family Homes in Broadmoor were built from 1900 to the 2000’s.  The majority of the houses are ranches and 2-Broadmoor Brownstones in Colorado Springsstorys, with 4 to 6 bedrooms, 3 – 5 baths, and 2-4 car garages.   The average home has appx. 3000 to 5000 square footage.  The absorption rate of 2.125 houses per month shows that there is a 25 month supply of houses on the market; the housing market is currently a BUYERS MARKET in this area.

Broadmoor homes Read the rest of this entry »

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Real Estate Dictionary – “F” is for Flag Lot

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Knowledge is Power, Real Estate Dictionary

funky-f-7-percent.jpgI’m really interested in selling my house, but I don’t want to sell my oak hand-carved shelves affixed to the wall in the dining room and hallway as they were a gifts from my grandparents. In most states, including in Colorado, the chandlers would be considered Fixtures and would be included with the sale of your house. Make sure your Realtor exclude these items in your listing agreement; or you could take them down.

What is the FHA? Federal Housing Administration (FHA) is an agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is insuring of residential mortgage loans made by private lenders.

I was looking at a property description in the MLS, and it said the house was on a Flag Lot, what Read the rest of this entry »

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