Home Buying Information for Colorado Springs

Everything you need to know about the home-buying process in Colorado Springs, CO.

Found 23 blog entries about Home Buying Information for Colorado Springs.

How to Find Real Estate Agents Skilled in Working with VA LoansThrough the VA home loan program, servicemembers, veterans, and other eligible individuals can start their journey toward Black Forest homeownership. There are many requirements to pay close attention to, however, in finding an eligible property for sale. Real estate agents can make this process much easier and more approachable, but it is important to find the right one. To do so, use this guide to learn how to screen real estate agents who work with VA loans.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Ask About Their Experience

To best serve the needs of the homebuyer, real estate agents need to have experience in helping people buy properties

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Facing Military Reassignment: Should I Lease or Sell My Home?There's little doubt leasing a home when transferred to a new permanent duty station can be a smart financial decision for some military families. Although individual situations differ, if the new assignment includes on-base housing, or if a family's goal is to return to the home some time again, leasing is a good way to cover the cost of ownership and build equity for the future.

However, the prospect of becoming an absentee landlord can be a major headache. Carefully weigh the pros and cons of leasing vs. selling a Colorado Springs home, and consider all available options before making an informed decision.

For informational purposes only. Always consult with a qualified legal expert before proceeding with any real estate transaction.

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MOM (Military on the Move): How Can it Help You?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.

That's why armed forces officers have access to the Military on the Move program. This unique and well-designed program gives military people access to rebates that can help defray the costs of moving while also making the process easier to manage.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

What is the Military on the

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Should You Be Living Off Base or On Base? TipsIf you're in the military, you have the choice to live on or off the military base. The place where you live can make a big difference in your overall experience in the military. Knowing the differences between each option as well as the pros and cons can help you decide whether life on a military base is right for you.

Benefits of Living On Base

A military base is a facility owned by the military. People in the military have the option of living on base, in military-owned housing. Often, people interested in living on base must put in their request months or even years in advance. However, there are many advantages of living on the base.

Convenience

Military bases come with basic services like schools, parks and stores. People who live on

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What You Need to Know About IRRRL Veteran RefinancingVeterans and qualifying military families may have the ability to lower their home mortgage interest noticeably with a VA Interest Rate Reduction Refinance Loan (IRRRL). This is one of the most powerful refinancing options around, and the process is actually fairly simplistic compared to traditional options. Here is what veteran homeowners need to know regarding VA IRRRL's.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Exactly is a VA IRRRL?

Sometimes called a VA Streamline, IRRRL is a quick refinancing option that has far fewer requirements to comparable programs such as a VA cash-out refinance. Qualifying veterans and military families may be

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Guide to Starter HomesThe road to home ownership is full of decisions, and one of the most important questions you'll face is what type of home you want. You need to consider your lifestyle, hobbies, and daily activities, as well as your goals for the next 5 years. This can be an especially daunting task for first-time buyers, because they don't necessarily know what they want yet in a home, aside from their rental experiences. Do you buy the house of your dreams now, or should you buy a fixer-upper instead? Ultimately it's up to you what home you want to buy, but here are the top three types of homes that first-time homebuyers should carefully consider before they commit.

For informational purposes only. Always consult with a licensed real estate professional before

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Why Colorado Springs Real Estate Is BoomingResidents of Colorado Springs likely already know that real estate prices have been on the rise for several months now. After seeing a slow down at the very beginning of the year, February saw a spike that has continued as the city approaches the midyear. Real estate in the general state has long been coveted, given its natural beauty, clean air, and dramatic mountain views. But some cities, like Colorado Springs, are simply thriving more than others. Learn more about what's driving the price tags and what it may signify for the rest of 2019.

Median Prices

The median price for a typical single-family home in the counties of El Paso and Teller was $328,000 in April, making it the highest median price of any year. The number represents a 7.5% jump

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Real estate investing

We've seen first-hand just how much the real estate industry has flourished over the past few years, and the same can be said about the rental market as well. Immense job growth in various sectors, desirable quality of life, and surprising affordability are drawing more and more residents each month to the area, and although there have been several new housing developments in the region, the demand is still putting strong pressure on the supply, driving up rents across the city.

Job Growth Attracting More Residents To The Springs

Based on demographic and economic figures, experts remain confident that this growth is here to stay. According to the Colorado Real Estate Journal, El Paso County is expected to see an increase of 300,000 new

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How Fast Do You Need to Buy a Home?As all potential homebuyers have noticed, Colorado Springs real estate is in high demand, and homes are literally flying off the market right now. It is not uncommon to see homes go under contract in the first 24 hours of being listed, or to have showings canceled before prospective buyers even have a chance to see properties. It can be frustrating, especially if the home could have been "the one".

This doesn't mean home buyers should get discouraged, or give up their home search altogether. The current market environment is exciting for our local economy, and you don't need to be intimidated when armed with the following tips:

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real

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5 easy ways to boost your credit rating fast

With the rising cost of rent in Colorado Springs, you might be thinking this year is finally the year you're going to buy a home. This is an exciting time for anyone, but there's one big thing that stands between you and your dream of owning: a mortgage.

While you might feel financially ready to take on a mortgage, it's ultimately up to the lender to deem you responsible and financially stable. One of the ways they do that is to take a peek into your credit history. Maxing out your credit card in college or forgetting to pay a bill here and there might not seem like a big deal at the time, but it could come back to haunt you later in life when trying to apply for a large loan.

If you've been informed you have imperfect credit and need to

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