Colorado Springs Vintage Homes Blog
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What can I buy for $100,000?
What kind of house can I buy for $100,000 in Colorado Springs?
Search for Homes in Colorado Springs
The number of houses in Colorado Springs that are sold for less than $100,000 has continued to increased substantially over the last couple of years. It’s a great time to be an investor in Colorado Springs and it’s a great time for a first-time home buyer to purchase their first home.
Here’s a quick breakdown of houses SOLD under $100,000 and a comparison to previous years: 
01/01/09 to 08/15/09 769
01/01/08 to 08/15/08 540
01/01/07 to 08/15/07 387
01/01/06 to 08/15/06 469
01/01/05 to 08/15/05 471
Many of the these Colorado Springs homes are being bought by investors who buy the home for less than $100,000 and have payments between $650 to $700 a month. Then they turn around and rent out the homes for $800 to $900 a month.
With foreclosures continuing to be high in El Paso County Read the rest of this entry »
Foreclosure pick of the week in Northwest Colorado Springs
Colorado Springs Foreclosure pick of the week
Search for Foreclosures in Colorado Springs
There are currently some unique bank-owned houses for sale in Northwest and southwest Colorado Springs. My pick of the week is in Northwest Colorado Springs on 7151 Wintery Loop.
It’s located in a nice established area, on a great wooded lot, set a little bit back from the road. It includes over 2400 square feet, with 3 bedrooms, 3 baths, 2 car garage. The property was originally foreclosed on in August 2009. It definitely needs updating, as I’m not sure it’s had any updating since it was built in 1977. It’s like you’ve stepped back in time; from the carpet, to the kitchen, to the light fixtures, to the bathrooms. One of my favorite features is the unique long rectangular kitchen windows that looks right out into the pines. Amazing views!
I’m not sure how to Read the rest of this entry »
More and more bank owned properties seem to be coming on the market
Foreclosure Listings in Colorado Springs as of September 20, 2009
During the last 2 weeks, starting of September 6, 75 bank-owned properties came on the market; 17 (22%) of them are already under contract
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
Related article: 3 Things to know about foreclosure homes for sale
