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What is a Corporate Relo home?

Corporation Relocation’s in Colorado Springs

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You just found your dream home in Colorado Springs, and now your Realtor tells you that it is a corporation relo home.  What inNew homeowners uid 1341652 the heck does that mean? 

First of all, what is Corporate Relocation?

Each month hundreds of employees move to or from Colorado to start a new job.    Moves involve many expenses; including the actual expense of moving as well as all of the expenses connected with selling an old home, and buying a new home.   Some corporations offer to cover some or all of the relocation costs for employees who are moving at the company’s request.  

Here’s what you need to know if you are buying a corporate relo house

1) The seller may not be selling directly to you.     It’s normally the seller’s decision on whether to accept your offer to purchase and the seller handles all contract negotiations.    In the case of a corporate relocation, negotiations typically place between the buyer and the seller and once everything’s been agreed upon, the seller actually sells the house to the relocation company who then sells it to the buyer.   Sometimes the seller has already sold the house to a relocation company; and you may not have any dealings with the sellers.  

2) More paperwork than normal.    You normally receive a copy of the Sellers Property Disclosure Statement and other Colorado Real Estate Forms from the sellers.  (  In addition to these documents, there may be numerous other addendums and contracts from the relo company.

There are many different types of relocation packages, but for the most part it just means more paperwork for the buyer.

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To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049)   KTorline@msn.com

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Colorado Springs Home prices — similar to 2004

Graphs tell the story on Colorado Springs home prices

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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.

COS price comparision july 2009

To find out more information about Colorado Springs Real Estate, Contact Kathy Torline  (KTorline@msn.com) 719-287-1049

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What to do with hazardous waste in El Paso County

Getting ready to move in Colorado Springs? 
What do you do with the old paint cans?  The old car batteries?  Old computers?
For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com
El Paso county has a Hazardous Waste Collection Facility on 3255 Akers Drive, which is close to Constitution and Marksheffel Road..  The collection center is free to residents of El Paso and Teller County, but they encourage a donation of non-perishable food for Care and Share.

The web site is full of all types of amazing information, including what is household waste and a recycling directory.

The facility accepts:Agriculture & Industry uid 1737832

  • household paint and paint-related products
  • lawn & garden chemicals
  • household items: cleaners (carpet, drain, oven, toilet bowl), aerosols, ammonia,
  • batteries (alkaline & rechargeable),
  • fluorescent lights,
  • mercury thermometers
  • propane tanks,
  • automotive products (no tires): antifreeze, batteries, brake & transmission fluids, cleaners (bug/tar, chrome, engine, vinyl), contaminated oil, flares, fuels, wax, etc. 
  • ammunition,
  • fireworks
  • electronics: including CPU’s, monitors, keyboards, printers

For other counties:

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For more information on Colorado Springs, please feel free to call Kathy at 719-287-1049 or email:  KTorline@msn.com

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Colorado Springs in ratings for Best Places to Start Over

Starting Over?

For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com

Colorado Springs was recently rated one of the Top 10 Best Places to Start Over, according to Business Week downtown-cos-1-15-percentMagazine! 

The list was based on cities where companies were hiring and the quality of life is high.  No. #1 on the list was Anchorage, Alaska, followed by Provo, Utah.

Colorado Springs ranked #8 in the list of 20.     Here’s what the article stated about Colorado Springs: Read the rest of this entry »

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6 BIG advantages of VA loans

VA Loans

For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com

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I went to a training class last week on VA loans and came across all types of valuable information I wanted to share with our Colorado Springs home buyers. (I’m a strong believer that a Realtor needs to constantly increase and update their knowledge about all things real estate, never can learn too much.)

Since Colorado Springs is surrounded by military bases (Fort Carson, Peterson AFA, Schriever AFA, and the U.S. Air Force Academy people-uid-1639943) ; as well as there are many military retirees in the areas, VA loans are very popular.    The stats show that 30% of all loans in the area are VA Loans. 

Advantages of VA loans

When a Colorado Springs home buyer is trying to decide what type of loan they are going to use, it’s important for them to understand some of the advantages of VA loans:

  1. No down-payment requirements. 
    1. There are not many loans left that don’t require a down-payment
  2. No monthly MIP
    1. MIP is the abbreviated term for the Mortgage Insurance Premium that many FHA loans and Conventional loans add to your monthly mortgage payment
  3. Assumable Mortgage
    1. This could be really important in the future if interest rates start to rise; it could make it much easier to sell a property and have a new buyer assume the existing loan Read the rest of this entry »

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Colorado Springs Homes for Sale — New Foreclosure Listings For week of May 9th

Saturday bargains – Homes in Colorado Springs

NEW Foreclosure Listings in Colorado Springs – for the week of May 2, 2009

For a FREE list of up-to-date Foreclosure Homes, Email KTorline@msn foreclosures-5-2-091

Partial list of NEW Colorado Springs Foreclosed homes currently on the market  Read the rest of this entry »

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Houses in Central Colorado Springs are NOT staying on the market long

Colorado Spring Real Estate 

Market Report for Central Colorado Springs – Single Family Homes

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 The Central part of Colorado Springs housing market continues to be a NEUTRAL Market, as there is currently a 4.45 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“.  Sales are only down 16% from 2008 to 2007, but average pricing is only down 5% from 2007 to 2008.  Days on Market continues to decrease, which is a great sign for home sellers in this area.

central

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Who is Representing YOU?

The following information is the first in a series of Buyer Tips to provide tips for both the first-time homebuyer and real-estate-agent-uid-1338082the most experienced homebuyer.   The goal is to help the consumer to become better educated about purchasing real estate in Colorado Springs and the surrounding area.

For a FREE  Buyer’s Guide, Email KTorline@msn.com

Tip #1 

Who’s working for you?

A Buyer’s Agent represents the buyer in a real estate transaction.   The Colorado Springs real estate agent becomes the Buyer’s Agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement.    Under this agreement, the Buyer’s Agent owes his fiduciary responsibilities to the buyer.    According to the Colorado Buyer’s agency agreement, a Buyer’s Agent has the following additional duties:  Promoting the interests of Buyer with the utmost good faith, loyalty and fidelity, Seeking a price and terms that are acceptable to Buyer, and Counseling Buyer as to any material benefits or risks of a transaction that are actually known by Broker.

The State of Colorado has a form called Definitions of Working Relationships, which does Read the rest of this entry »

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33 Unique things to do- #7 Cheyenne Mountain Zoo

Cheyenne Mt. Zoo

For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com

Cheyenne Mountain Zoo sits above The Broadmoor Hotel at 6,800 feet up Cheyenne Mountain.giraffes Spencer Penrose was originally given a bear and then other exotic animals became part of his collection.  After a child was bitten, he decided he needed a place to house his menagerie and so he built and incorporated it  in 1926.   Over the years its delighted young and old alike.  Want to feed giraffes?  You can certainly do that here.

With its 172 species of wild animals, engaging exhibits and irresistible attractions, The Cheyenne Mountain Zoo serves the citizens and visitors of Colorado Springs Read the rest of this entry »

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New FHA limits increased again for 2009 in El Paso County

FHA has new loan limits

One of our favorite guest writers, Harry Venick sent me an email yesterday stating that the FHA has increased the loan limits for El Paso County!harry-on-angle

 According to Harry, “FHA loan limits have been increased for 2009 again:  El Paso County $ 325,000(1unit ),  $ 416,050 (2units), $502,900 (3units), and $ 625,000 (4units).” 

Harry Venick  is a Sr. Loan Officer with Adams Mortgage, LLC.  He can be reached at (719) 955-3674 or his cell is: (719) 338-3879. 

If you’ve been holding off because you haven’t been able to get a large enough loan with the FHA, it might be a great time to revisit Read the rest of this entry »

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High Altitude Tips

Living or Relocating to Colorado Springs ?

For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com 

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Living in the Colorado Springs area or in many of the surrounding cities, us “locals” are used to living at an snow-covered-mountainside-rockies-banff-uid-10463361altitude.  In fact most of the time we completely forget about it.  But tourist season is just around the corner; and many of us have friends and family that came visit us during the summer time.   Also, it’s starting to be the time of the year that many people think about relocating to the area.  Consequently I felt it may be a good time for a refresher course on the affects of high altitude.  

Colorado Springs is considered one of the “highest” cities in the United States – an altitude of 6035 above sea level , 755 feet above Colorado’s “Mile High City”, Denver.

Here’s the scientific description of what happens to our bodies at higher altitudes:   

The concentration of oxygen at sea level is about 21% and the barometric pressure averages 760 mmHg.   As altitude increases, the concentration remains the same but the number of oxygen molecules per breath is reduced.   Read the rest of this entry »

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News Flash — Colorado Springs ranked Fittest City

 Colorado Springs #1

For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com

Since I’m a “wanna-be” athlete, and I’m a statistic “junkie, I love articles like the recent publication in Men’s Fitness Magazine. The article praised Colorado Springs, which is no surprise to those of us who already live in the area.

The ranking information on the web site includes a report card, with A through F rankings. The area was rated an A in some categories, including Geography, Nutrition, Air Quality, and Parks and Open Space. But ………… on the other end of the spectrum there were F ratings for Alcohol Consumption and Access to HealthCare. Our neighbor to the north, Denver, was ranked #4, and also received an F in Alcohol Consumption, as well as they also received a D for Commute and Access to Healthcare.

There was some great trivia information posted on the web site:

  • The number of heavy drinkers here is high: Colorado Springs has 17 percent more than average and the, 7th highest in the survey.
  • Colorado Springs is home to Read the rest of this entry »

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Hidden Gems in Colorado Springs Parks, #4 Palmer Park

For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com

One of the top reasons people want to relocate to Colorado Springs and love living in the Pikes Peak Region is because of the open spaces and mountains.    It’s paradise for a nature lover! 

Palmer Park is a heavily wooded park located in the Central and East side of Colorado Springs, only minutes from homes in Village Seven, Patty Jewett, Divine Redeemer, Old north End, Cragmoor, University Park

 

Facts about Palmer Park in Colorado Springs:

  • It’s a large series of rocky bluffs conveniently located right in the middle of the city.
  • It includes two baseball/softball fields, community playground, football/soccer field, horse stables, restrooms.
  • It has over 25 miles of trails (hiking, jogging, equestrian)  on 730.7 acres.
  • It includes two dog parks, one Read the rest of this entry »

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High Altitude Adjustment for living in Colorado Springs

Colorado Springs is located in a high altitude

For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com

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and this requires adjustments when making your favorite recipes!

Love your Grandma’s chocolate cake or love to bake bread?  If you’ve recently moved to Colorado Springs and tried to make your favorite tried and true recipes, you may have found they didn’t meet your expectations.  If the bread didn’t rise or the cake didn’t turn out or even if the beans wouldn’t ever get done, its probably due to the fact that living in Colorado requires some adjustment to your lowland recipes, especially when baking.  Even when making a boxed mix or a pasta dish be sure and follow the high altitude directions.  You’ll find that beans, pasta and brown rice all need longer cooking times as the water boils at a lower temperature here.

I hope you find these adjustments helpful: Read the rest of this entry »

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