If you’re a first-time home buyer in Colorado Springs, a starter home may be exactly what you need. Starter homes are typically smaller, affordable homes that are perfect for those who are just entering the real estate market and working with a tight budget. They’re a great way to get your foot in the real estate market and build equity without a huge amount of risk.
Starter homes are also great options for military home buyers who may be new to the Colorado Springs real estate market. Perhaps you want to test out a particular area before you commit to a larger home or you’re concerned about a potential future PCS and having to sell quickly. Either way, a starter home can be a sound investment.
These are a few key things to consider when
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Buying a home in rural and some suburban areas mean there is a higher possibility the house comes with a septic system. Owning a home equipped with a septic system requires different maintenance and repairs than it does when living in an area with a municipal water and sewer system. By researching the best practices for owning a home with a septic tank, anyone can enjoy the perks while minimizing the drawbacks. Keep reading to learn all about the pros and cons of buying a house with a septic system.
Homebuying is exciting but can get complicated, especially for military service members who have unique needs and circumstances when purchasing a property. The buying process for military members is quite different than it is for the average homebuyer. Working with a knowledgeable military real estate agent can differentiate between a rocky experience and a seamless one. Are you an active-duty military member or a veteran seeking to buy real estate? Keep reading to find three reasons to work with a military real estate agent.
You're about to make an offer on the home of your dreams when someone–your real estate agent or a mortgage lender–says you'll need a jumbo loan. What is a jumbo loan? When does a homebuyer need a jumbo loan? What's the difference between a jumbo loan and a conventional loan? And, perhaps most importantly, how does one qualify for a jumbo loan?
On the face of it, it seems like an obvious choice: wouldn't it be smarter to buy a house with cash if a buyer is able? It is true that buyers who pay cash will have certain advantages over those who opt for a mortgage. However, it's vital to consider all the pros and cons when making a purchase of this magnitude. By examining the following variables, potential buyers can decide the best way to arrange their new home purchase.
Location is one of the most important considerations that buyers think about before they buy a home. While the position of the home in relation to work, dining, entertainment, shopping, and other amenities is key, transportation is another aspect of the equation. The ways that homeowners get to and from their homes affects their driving time and the quality of the trip. By evaluating these conditions before making an offer, buyers can be more certain that the home's location will meet their needs in relation to their lives outside it.
If you're a Colorado Springs homeowner involved in the armed forces, whether you're active duty, separated or retired, you may have a lot of experience with moving around the country. You likely even have experience buying and selling homes. If this is the case, you know that buying and selling homes can be difficult and expensive.
Many home buyers make a few mistakes while looking for the right mortgage for their needs. From finding the best lender to selecting their ideal terms, every step has its challenges. Although it's impossible to avoid every mistake, home buyers can navigate the process much easier by knowing what lies ahead. The following information can help buyers prepare ahead of time.
