Colorado Springs Vintage Homes Blog
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7 reasons to buy a HUD home in Colorado Springs
Colorado Springs HUD home
7 Reasons to Buy
For a FREE list of Foreclosure Homes, Email KTorline@msn.com
- Comprehensive Property Report; HUD has already had a property inspection report done on their properties. Hence, you have an idea of what needs to be fixed on them. A buyer should still get an inspection done; but it’s nice to know most of what needs to be done before you put in a bid; it cuts down on the surprises.
- Precise Bid Periods: All HUD properties are on a bid period, consequently you’ll know quickly whether or not your bid has been accepted.
- Low Downpayment: $100.00 down. Yes I did type this correctly. You can get into a HUD property for $100.00 down.
- Attractive pricing: Read the rest of this entry »
Sales in West Colorado Springs are up for the year
Colorado Spring Real Estate – West Area
Market Report for September 2009 – Single Family Homes
Includes Homes in Pleasant Valley and Kissing Camels
Search for homes in West Colorado Springs
The Colorado Springs West housing market continues to be a BUYERS Market, as there is currently an 6.8 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales units were ONLY down 1% from 2008 to 2007, but pricing was down more than16% from 2008 to 2007. 179 sales in 2009 vs. 158 sales in 2008, show an increase in sales for the first 8 months of the year.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004 Read the rest of this entry »
10 things to know about Colorado real estate
What makes Colorado real estate different?
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
I recently took some accreditation classes in another state. It was eye-opening for me to understand how much the laws vary from state to state. Since a major portion of my business is from Internet leads and from people moving to Colorado Springs from other parts of the country, these classes were very helpful.
Some other articles that could be of interest:
- News Flash – Colorado Springs ranked Fittest City
- Moving to Colorado Springs, check out Zip Skinny
- El Paso County taxes are some of the lowest in the nation!
- Colorado Springs in ratings for Best Places to Start Over
Did you know ?
- Colorado is an “actual knowledge” state, which means as Colorado Realtors we only need to disclose facts that we know and we must disclosure material facts. Some states are “imputed knowledge states”, which means Realtors are expected to know certain things.
- Most Realtors in Colorado list properties for sale in their local MLS and ask for 1% for Earnest Money. Some areas in the U.S. ask closer to 10% for Earnest Money.
- The majority of Colorado Springs homes get listed in some type of MLS database; and many homes get listed in multiple MLS’s. There are some major cities in the U.S. that don’t have an MLS.
- Colorado doesn’t have dual agency. Many states still have dual agency. In Colorado you can only be an agent for either the Buyer or the Seller, you can not be an agent for both. Read the rest of this entry »
Colorado Springs Home prices — similar to 2004
Graphs tell the story on Colorado Springs home prices
Search for homes in Colorado Springs
Since a lot of my business is relocation, I talk to a lot of people who are looking at moving to the Colorado Springs area. Even though our average pricing is down in Colorado Springs, we certainly haven’t been hit as hard as many cities. The graph below really shows exactly where the current average pricing is, which is close to 2004 pricing. But like all cities, the average price varies vastly on a neighborhood by neighborhood basis. Some areas have held strong, and some areas have seen their pricing drop by 30% or more.
To find out more information about Colorado Springs Real Estate, Contact Kathy Torline (KTorline@msn.com) 719-287-1049
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Some other articles that could be of interest:
- News Flash – Colorado Springs ranked Fittest City
- Moving to Colorado Springs, check out Zip Skinny
- El Paso County taxes are some of the lowest in the nation!
- Colorado Springs in ratings for Best Places to Start Over
7 ways to avoid identity theft
1 in 10 will be the victim of ID theft this year
Identity theft is one of the fastest growing crimes in Colorado and in the US.
Must Read Posts:
- Credit score explanation
- Pre-Qualification or Pre-Approval, which do you need to buy a home?
- Why do I have to pay mortgage insurance?
- 26 criteria used to determine interest rates
Here’s my top 7 tips to avoid identity theft
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Mail: Have it delivered to/from the post office. Don’t have mail delivered to your home mailbox; especially if it is unsecured
- Social Security number: Never carry your social security card with you. Be very cautious about giving it out.
- Receipts: Take all your ATM and gas receipts with you. Don’t leave them at the gas station or at the ATM machine.
- Statements and credit card solicitations: Don’t just throw them away, shred them.
- Bar codes: Remove the bar codes from magazine and shred them.
- Credit report: Monitor your report on an annual basis at www.annualcreditreport.com
- Electronic Keypad signatures: Put the date at the end of your signature when you are signing on an Electronic keypad. (This will keep your signature from being stolen and used again.)
Remember, Knowledge is Power
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To find out more information about buying or renting a home in Colorado Springs or Manitou Springs, call ….
Homes Sales in Old Colorado City area remain strong
Colorado Spring Real Estate – Market Report for Homes in Old Colorado City, Single Family Homes
Includes Crown Hill Mesa, Gold Hill, Old Colorado City
Search for Homes in Old Colorado City
The Old Colorado City housing market continues to be a Buyer’s Market, as there is currently a 6.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales are down 22% from 2008 to 2007, but 2008 pricing was only down 1.5% from 2007. 142 Single family homes were sold in 2009 vs. 157 for the same period in 2009; a decline of 10%.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
Market Report for Homes in Monument, July 2009
Colorado Spring Real Estate
Market Report for Tri-Lakes – Single Family Homes, Includes Monument and Palmer Lake
Search for homes in Monument
Must Read Articles
The Monument and Palmer Lake housing market continues to be a Buyer’s Market, as there is currently a 14.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales were down 17% from 2008 to 2007, but pricing was only down 10% from 2008 to 2007. Sales continue to be soft in 2009 and are down 31% from the same period last year.
Market report for homes in Northwest Colorado Springs for July 2009
Colorado Springs Real Estate – Market Report for Northwest
Single Family Homes
Search for homes in Northwest Colorado Springs
Must Read Articles:
The housing market in Northwest Colorado Springs continues to be a BUYERS Market, as there is currently a 7.78 months of supply of homes on the market. A 6 month supply of houses on the market is considered a “BUYER’S MARKET”. Sales were down 15% from 2008 to 2007, but average pricing was ONLY down 6.5% from 2008 to 2007. 197 Single family Homes have been sold in 2009 vs. 219 for the same period in 2008; a decline of 11%.
| 1-1-2009 to 7-30-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 197 | 317 | 370 | 473 | 532 | 546 |
| Average Sale Price | $296,601 | $339,804 | $363,946 | $354,585 | $327,587 | $301,114 |
| Total Square footage | 2814 | 3120 | 3195 | 3001 | 3093 | 3070 |
| Price Per Total Square Footage | $105.40 | $108.91 | $113.91 | $118.16 | $105.91 | $98.07 |
| Average Days on Market | 95 | 78 | 67 | 57 | 44 | |
| Average # of house sold per month | 28.1 | 26.4 | 30.8 | 39.4 | 44.3 | 45.5 |
36% of new bank-owned properties on the market are in Fountain and Southeast Colorado Springs
Foreclosure Listings in Colorado Springs as of August 10, 2009
During the week of August 3rd, 69 bank-owned properties came on the market; 47 (68%) of them are already under contract
For a FREE list of up-to-date Foreclosure Homes in Colorado Springs, Email KTorline@msn
New Foreclosure Listings for the week Read the rest of this entry »
Manitou Springs home sales are down 25% for 2009
Manitou Springs Real Estate
Single Family Homes
Search for Homes in Manitou Springs
Related Article: Homes in Crystal Hills, hidden gems
The Manitou Springs Springs housing market continues to be a Buyer’s Market, as there is currently a 18 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales were only down 1% from 2008 to 2007, but average pricing was down 10% from 2008 to 2007. 35 Single family homes have been sold in 2009 vs. 44 for the same period in 2008; a decline of 25%.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004 Read the rest of this entry »
Looking for home repair bargains?
Home Repair Bargains
For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com
Must read articles
If you’re passionate about good deals and like to help support a good cause, then you’re in luck. You can visit the 
Habitat For Humanity ReStore in Colorado Springs, Colorado – one of over 500 such stores around the country
The store is similar to a Goodwill or Salvation Army; they are outlets that accept items for resale and are stocked with donations from individuals, contractors, and even retailers. Their inventory includes a variety of things for do-it-yourself projects including light fixtures, paint, sinks, appliances, cabinets, and flooring. Proceeds from the sales go build and rehabilitate homes for low-income families.
The local store in Colorado Springs is at:
- 411 S. Wahsatch Avenue, 80903
- 719-667-0840
There is also a store in Denver (70 Rio Grande Blvd.) To see a complete list of the stores in the Colorado Area, visit the web site.
To donate, volunteer, or to find out more, visit www.habitat.org.
Kathy (719-287-1049) KTorline@msn.com
Foreclosed homes in Colorado Springs continue to sale quickly
Foreclosure Listings in Colorado Springs as of August 1, 2009
During the week of July 27th, 71 bank-owned properties came on the market; 46 (65%) of them are already under contract, or pending.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Must Read Articles
Read the rest of this entry »
Townhome market in Colorado Springs is finally starting to pick up
Colorado Springs Townhomes and Condos – June 2009 Market Report
Must Read Article: Townhome bargains in Colorado Springs
Search for Townhomes and condos in Colorado Springs
The Colorado Springs townhome and condo market continue to be a BUYERS Market, as there is currently a 8.7 month of supply of homes on the market. Read the rest of this entry »
Do your homework on building permits
Do your homework on Building Permits
Previous Posts
- 5 reasons lack of building permits cause big problems
- Colorado Springs Building Codes and Permits – Part I
- Colorado Springs Building Permits – Part II
- Colorado Springs Building Permits – Part III
- Colorado Springs Building Permits — Part IV
- Colorado Springs Building Permits — Part V
- 5 reasons lack of building permits cause big problems
The El Paso County Assessor’s office is one of the web sites I frequently check when I’m getting ready to write an offer for a homebuyer in the Colorado Springs Area. I like to look at the square footage, the bedrooms, the baths, the garage, and the basement information listed on the assessor’s office and compare it to t
he information on the Multiple Listing Print-out. Also, out of curiosity, I also look at the assessed value listed on the property. (I’ll write more on this later.)
You may ask, why is all of this information important? The biggest reason it is important is that discrepancies may (and I underline the word may) mean that there has been additions and improvements to the property that have not been permitted. If the assessor’s records only show 2 bathrooms, and the property has 3, it may mean there was an additional bathroom added that wasn’t permitted. If the assessor shows the basement was unfinished and the property has a finished basement, again it may mean no permits.
The next step that I do is to check the Pikes Peak Regional Building Department and see what type of permits have been done on the property. Permits are important as they ensure Read the rest of this entry »
64 new foreclosed properties came on the market last week
Foreclosure Listings in Colorado Springs as of July 25, 2009
During the week of July 20th, 64 bank-owned properties came on the market; 42 (65%) of them are already under contract, or pending.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
Southwest Colorado Springs still a Buyer’s Market
Market Report for Southwest – Single Family Homes Close to Fort Carson
Includes Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge
Search for homes in Southwest Colorado Springs
HOME REPAIR
The Southwest housing market continues to be a BUYERS Market, as there is currently a 9.7 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. 2008 Sales units were down 25% from 2007, but 2008 pricing was only down 10% from 2007. 249 Single family homes have been sold in 2009 vs. 260 for the same period in 2008 a decline of 4.5%.
Pricing holds strong in Old Colorado City
Colorado Spring Real Estate
Market Report for Old Colorado City – Single Family Homes
Includes Crown Hill Mesa, Gold Hill, Old Colorado City
Search for homes in Old Colorado City
Must Read Articles:
The Old Colorado City housing market continues to be a Buyer’s Market, as there is currently a month of supply of homes on the market. A 6.9 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales are down 22% from 2008 to 2007, but 2008 pricing was only down 1.5% from 2007. 115 Single family homes were sold in 2009 vs. 134 for the same period in 2009; a decline of 16%.
Home sales in Central Colorado Springs continue to be brisk
Colorado Spring Real Estate
Market Report for homes in Central Colorado Springs – Single Family Homes
Search for Homes in Central Colorado Springs
The Central part of Colorado Springs housing market continues to be a NEUTRAL Market, as there is currently a 5.66 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales were only down 16% from 2008 to 2007, but average pricing was down 5% from 2007 to 2008. 395 single family homes have been sold in 2009 vs. 467 for the same period in 2008; a decline of 15%.
Bidding wars on bank owned properties, the new “normal”
Are you interested in buying a bank-owned foreclosure?
Related Post: 70% of Foreclosed Properties go under contract in less than a week
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
What should I expect when buying a bank property?
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Be prepared to act fast. My research shows that 70% of bank-owned properties go under contract with 1 week of being put on the market. On many properties, the bank will accept the first acceptable offer they receive.
Since many of the foreclosure homes in Colorado Springs are priced anywhere from 10% to 25% under market value, these properties get many showings on them. There typically isn’t time to go back for 2 or 3 showings before a buyer makes a decision.
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Multiple bids are turning into the norm. Many bank-owned foreclosures in Colorado Springs are now in multiple bid situations. This means that the bank has received several offers (1 to 20) on the property all within the same day or two. Many banks then have each potential buyer sign a Read the rest of this entry »
70% of Foreclosed Properties go under contract in less than a week
Sunday bargains – Homes in Colorado Springs
Foreclosure Listings in Colorado Springs as of July 3, 2009
During the week of July 6th, 64 bank-owned properties came on the market; 45 of them are are already under contract, or pending.
For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn
