Posts Tagged ‘mls colorado springs’

MLS Colorado Springs For you!

Friday, January 13th, 2012

If you are looking for a home in Colorado Springs, then a good place to start is with the MLS Colorado Springs.  This multiple listing will include all the homes that are available for sale that have been listed by Colorado Springs real estate agents.  The MLS is easily accessible by real estate agents or similar professionals, and is a good way to view at a glance, all the housing alternatives that are available.

Once you have outlined your housing needs to a real estate agent, then they will be able to look through the MLS Colorado Springs to find a home that is suitable for you.  An experienced agent will be able to manipulate the system by continually narrowing the search, using your specifications as a guide.  It is therefore important that you let them know what your preferences are in terms of housing style, as well as location and amenities.

MLS Colorado Springs includes areas such as Black Forest, Briargate, Falcon, Old Colorado City, Tri-Lakes, Ute Pass, and Woodland Park.

Using the MLS Colorado Springs it is possible to view homes based on school districts.  For example School district 20 is one of the more popular districts in Colorado Springs, so if you have school age children you might prefer to get a home that lies within this area.  The MLS search will reveal the regions located in that district namely Northgate, Black Forest, Briargate, and the Northwest Colorado Springs area.

The real estate agent can customize the MLS Colorado Spring search by zip codes, street, or subdivision.  So you might opt to look at houses in Northwest Colorado Springs.  Here you will find that there are some very reasonably priced homes available.  Depending on your budget you can search for a home with the requisite bedrooms, bathrooms, and garage size that meets your requirements.

You can also view the listed homes based on price, so if you have settled on a region in Northwest Colorado Springs such as Peregrine or Oak Hills, you can then look for houses in your price range.  If your budget is $500,000 then you can request a listing of homes at that price and lower.

The real estate agent will be able to provide you with a comprehensive listing based on your specifications. It is possible to use the MLS Colorado Springs to find the home you need, but a real estate agent will have to do it for you.  There are several reports that can be derived from the system, depending on the type of home search that is set up.  Try to ensure that the listing you get from your agent is as comprehensive as possible.  If you are not happy with what is available, you can search other regions or wait until new housing solutions come on the market.  Your real estate agent can send you regular emails with new listings as they become available. The MLS Colorado Springs may also contain homes that are being sold by owners.

Colorado Springs Houses — choose the right one!

Thursday, January 12th, 2012

If you are looking for a house to buy or rent in Colorado Springs, then you will definitely have a lot to choose from.  Colorado Spring houses are very diverse and are available in many different neighborhoods.  There are residential homes, condos, townhomes, foreclosures, new homes, and multi-family homes.  Many of the homes are moderately priced; however, there are luxury homes available in most areas.  Of course what really matters is the type of house you are looking for, and the amount you have to spend.

If you would like a house on a large expanse of land, not too close to your neighbor, then an area like Black Forest might be most suited for you.  The houses here are situated on large lots, and there are many trees dotting the landscape.  The prices run the gamut of the price range.  It is possible to find large 7 bedroom homes that sell for over 2mil, as well as smaller 2 and 3 bedroom homes that sell for $200,000 and less, it all depends.

If you are looking for a house that is really far away from it all, then a good area to consider would be Woodland Park.  Woodland Park is located at the foot of Pikes Peak, which is probably the most visited mountain in North America; it is an out-and-out tourist attraction.  The houses here are very affordable, and house prices have been deflated and continue to fall due, because of the weak US economy.   Because of this, now is as good a time as any to buy a house.

If you prefer a house in a planned community, then consider getting a house in an area like Northgate.  This is one of the areas in Colorado Springs that has some newer homes available.  It is a popular choice because it is very close to the city center, as well as to the city of Denver.  The houses here are affordable, and the lot sizes are generally quite large.  In addition, there are some nice shopping and recreational areas.

Selling Colorado Spring houses will be a little more complex than buying, as the market is really a buyer’s one.  Nonetheless, it is possible to get a good selling price in the soft market that exists in Colorado Springs.  It would be advisable to seek the assistance of a professional realtor to assist in this regard, as there are some challenges in being able to get top dollar in this type of market.

The market for Colorado Springs houses is relatively buoyant.  So far in 2011 most regions have had an average of 150 homes on the market, and some have stayed on the market for only a short time.  The average sales price for houses in most areas teetered in the region of $200,000 to $300,000.  However, this is an average value, so there will always be variances depending on the region of Colorado Springs the house is located.  Houses in the downtown and central regions are somewhat more expensive due to their proximity to the city center.

MLS Colorado Springs - You Must See 1st!

Tuesday, October 18th, 2011

Are you looking for property in the Colorado Springs area? If you are, be assured that this city will offer anything that you are looking for. Colorado Springs has a variety of beautiful houses to choose from. To learn more, continue reading this article. Throughout, we will discuss everything that MLS Colorado Springs listings have to offer.

When it comes to Colorado Springs, there are a wide range of MLS listings to search through. Whether you are looking for an apartment, a two story home, or a 4 story mansion, a Colorado Springs realtor will surely be able to help you find what you are looking for. Let’s take a look at your options. The first thing that you need to consider when looking for a new home is your price range. Whether you are looking for a small, simple, bachelor style home for under $100, 000 or a large, 5 bedroom, 3 car garage mansion, you will find a home to suit your needs in Colorado Springs. On top of finding the right price range, a Colorado real estate agent can also help you to find the perfect type of housing. Perhaps you are looking to buy a house? Or maybe you are interested in renting an apartment? Whatever you are looking for, you will be able to find it within the Colorado Springs MLS listings.

Aside from searching for the right price range or housing type, Colorado Springs MLS listings and real estate agents can also help you to find your perfect home by searching different amenities. With MLS listings, you can easily limit your housing search by searching for number of bedrooms, number of bathrooms, or any other preferences you may have!

When it comes to MLS listings in Colorado Springs, you may also wish to search by location. There are plenty of great locations within Colorado Springs including Blackforest, Briargate, Old Colorado city, Peyton, and Pueblo to name just a few. If you already have a location in mind, feel free to limit your search to this specific area. If not, take time to explore each area separately. Each area in Colorado Springs has something unique and different to offer. The one thing that all of these locations have in common? They are all beautiful, well cared for neighborhoods that are the perfect place for raising a family.

If you are looking for a Colorado Springs Homes area, check out some of the cities many MLS listings. If you do not feel comfortable doing this yourself, a real estate agent will be happy to help you through the process, narrowing down your housing preferences as you go. Feel free to search the MLS listings by location, by price range, by housing type, or by special amenities. Colorado Springs has plenty of beautiful homes and apartments to choose from, so be sure to take your time and look around carefully. If you haven’t found what you are looking for yet, be assured that you will shortly! Colorado Springs has plenty to offer and has something for everyone!

Investors Trending to Snag the Keepers

Saturday, September 3rd, 2011
Info PR: n/a Density

While the economy has created a ‘buyers’ real estate market with home values plummeting and Colorado Springs foreclosures soaring, who’s buying up the properties that are for sale?  While first time home buyers are on the decline and previous buyers are being turned down because of tight credit conditions, Pink Realty agents are seeing that those with cash are the ones bringing the deals to the table.  And today, it’s typically the investors that have the cash!  Per Lawrence Yun, Chief Economist for the National Associate of Realtors (NAR), “Increases in all-cash transactions, the investor market share and distressed home sales all go hand-in-hand.  With tight credit standards, it’s not surprising to see so much activity where cash is king and investors are taking advantage of conditions to purchase undervalued homes.”

On February 23, 2011, Jon Prior of the NAR summarized the housing sales for January 2011.  All-cash sales increased to 32% of all sales in January, which was up from 29% in December 2010.  Additionally, it was investors that grabbed more of the market share by accounting for 23% of all buyers in January, up from 20% in December 2010 and up 17% from one year ago.

While many investor home purchases will result in a traditional fix and flip sale, the current rental market and trends are also providing a great profit opportunity for investors.  The demand for rentals in Colorado Springs is on the rise because more people are being turned down for home loans and more people are being displaced because of foreclosure or selling their home on a short sale.  Colorado Springs has become a hot rental area because of the number of military personnel in the city, but also because the economy and housing market has caused so many homeowners to lose their homes to foreclosure or because they had to sell their home as a short sale.  All these people are in need of housing and looking for rentals.  This demand has resulted in less than 1% vacancy in Colorado Springs.  Traditionally in Colorado Springs, the 3 bedroom home was always the highest in demand and considered the ’sweet spot’ in the rental market.  The 3 bedroom homes were always rented, never vacant and there were never enough of them to meet the demand for them.  The larger homes that were for rent were not in demand and stayed vacant.
However, today the demand for 4 and 5 bedrooms homes is increasing.  As more and more middle class families are displaced, the need for the larger rentals increases.  These larger rentals also bring a nice price point to the balance sheet.  The current rental rate for a 3 bedroom single family home is $1140 per month and the 4 and 5 bedrooms are $1374 and $1789 respectively.

Call Pink Realty today at 719-393-7465 (Pink) to talk to an agent and see what great deal is out there waiting for you!

There is no doubt the opportunity for investors to ’snag the keepers’ is now.

While wholesaling and fix and flips bring fast and big profits, more investors are adding the right ‘keepers’ to their portfolio mix as rentals for additional long-term passive income.  With the market trend shifting toward larger rentals, investors should also note that the larger homes with higher mortgages tend to get discounted more by the lenders when working a short sale.  Many of these higher end homes are simply in need of paint and carpet.  We have seen nice homes in the Stetson Hills area that needed as little as paint, carpet and linoleum flooring, but the homeowners couldn’t sell to a retail buyer because the buyers wanted a completely fixed home.  Investors can buy homes for sale Colorado Springs for around $125K and get them turned into great rentals for about $10K.  Cash flow on these short sales or bank owned properties would be very high.

If you call a Pink Realty agent, we would be happy to scour the market for you and find you a great property that will meet your needs.

Are you an investor who wants the upside of an investment property and today’s really cheap prices and huge cash flows but don’t want to at it alone?

The owners of Pink Realty are active, experienced investors and are always looking for partners on deals.  Just give is a call at 719-393-7465 (Pink) and ask to talk to Russ or Monica about partnering on deals.  We would be happy to talk to you.  Just tell us what you want to bring to the table and we will see how we can work together.

•    Do you qualify for the loan to buy the house?  A common strategy investors are using now is to buy houses with cash, remodel the houses and then refinance the property with zero money out of pocket.  We have investor friendly lenders ready to do these types of loans.

•    Maybe you have a small amount of cash available and we can short a 2nd loan and bring the 1st mortgage current on a good property.

•    Maybe you have a larger amount of cash available making 1% at the bank or in an IRA and you want to do something more productive with it but don’t know exactly how.  We can find a really cheap house that we can buy, fix up, and rent.

10 Homebuyer Advantages for Buying a Short Sale Property

Friday, September 2nd, 2011

A short sale is when a lender agrees to allow a mortgaged property to be sold for less than what is owed on the mortgage.  While lenders don’t like their mortgages ’shorted’, they do understand the benefits.  Lenders know the loss incurred from a short sale is far less than the loss they will incur if they allow the property to go into foreclosure.  Foreclosure is very expensive process for lenders as it not only incurs expensive legal fees, but also adds the expenses of maintenance, advertising and selling, insuring the home and paying property taxes.  Lenders are not in the real estate business, they are in the business of making loans, so they know that selling a property as a short sale definitely has its financial advantages.

Today, everyone knows the real estate market is depressed.  The majority of Colorado Springs homes are distressed properties that are either advertised as a short sale or a foreclosed home.  Property values across the country have fallen and lenders have tightened their credit requirements.  The market has increased the competition between selling a home as a short sale and selling a home at a retail price.  While this market causes distress for sellers, it creates prime opportunities for Pink Realty agents home buyers to find great discounted deals on properties for their clients.

The current Colorado Springs real estate market also allows home buyers to seriously scrutinize the price of retail homes.  They aren’t willing to pay retail price for a home unless it is in perfect condition as there may be several other similar homes in the same neighborhood selling at a steeply discounted price.  This increases the competition between the short sale and retail properties for sale, however many buyers want to shy away from short sale properties because of some negative stories they may have heard.  We won’t sugarcoat the short sale process for you.  It can take time and be frustrating, however, if you work with a Pink Realty agent who is experienced and knows and understands the short sale process, it helps.  A real estate agent who has a good success record for getting deals done (and the Pink Realty team has closed hundreds of short sales) can make the short sale process appear seamless.

With that said, there are many advantages for buying a home as a short sale.  If you are aware that the process can take longer than a retail sale, you can be prepared and plan ahead.  Below are the 10 top advantages for purchasing a home as a short sale:

1.  With so many distressed properties on the market, you have a huge inventory of homes in a wide variety of neighborhoods to choose from.

2.  Unlike foreclosed or REO homes, you have the opportunity to talk to the seller of seller’s agent about short sale homes and to find out more information about the home.  This allows you to determine what, if any, repairs may be required.  In many cases, the repairs needed for a short sale property are far less than those needed for an REO property.

3.  You can obtain a home for a substantial discount which saves you thousands of dollars and offers you great future equity.

4.  Since the seller is trying to avoid foreclosure, they are cooperative and play an active role in the short sale process, which moves the process along faster.

5.  Because the homeowners are involved, they generally see the process through to the end.  As a result, they tend to keep the properties in better condition than a home that has been foreclosed on.

6.  When you work with a Pink Realty agent that understands short sales and works with an experienced short sale negotiation team, the short sale process is streamlined and takes less time.  Oftentimes, homebuyers work with a real estate agent that is experienced in the retail market, not the short sale market.  If a homebuyer wants to put an offer on a short sale property, but is working with a real estate agent that is not familiar with short sales and the process, it can end up being a nightmare for the buyer.

7.  Another way to minimize the time a short sale takes is to search for short sale properties secured by a FHA loan.  The FHA pre-foreclosure sale program requires that the lender provide the minimum sales price and the minimum net they will allow.  Therefore, you know what offer must be made and it shortens the short sale process tremendously as the ‘price haggling’ part of the process is eliminated.

8.  Additionally, if you purchase the home as a qualifying FHA buyer, meaning you are receiving a FHA loan to buy the property, the short sale lender agrees to pay 1% of your closing costs saving you additional money.

9.  If you are pre-qualified for a home loan from your lender or intend to purchase the property as a ‘cash’ deal, the short sale process also moves along faster.

10.  Buying a short sale property also helps stabilize the market and improve the condition of the neighborhood you are buying in because it keeps one more property from being foreclosed.  Foreclosed properties lower the value of neighboring homes more because they are vacant, less maintained and increase the risk of crime and vandalism to the vacant homes.

Pink Realty is known for its talented and experienced short sale agents.  Our real estate agents know the Colorado Springs foreclosures and they know and understand the short sale process.  Additionally, we work directly with an experienced short sale staff that has a known tract record for successfully negotiating short sale deals.  If you are a home buyer in the market to purchase a home, contact Pink Realty at 719-393-7465 (Pink).  Our agents will help you find the home you are looking for.