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        <title>MilitaryHomeSearch.com Blog</title>
        <link>https://www.militaryhomesearch.com/blog/home-buying-information-for-colorado-springs/</link>
        <description></description>
<item>
    <guid>https://www.militaryhomesearch.com/blog/assumable-loans-how-do-you-find-them.html</guid>
    <link>https://www.militaryhomesearch.com/blog/assumable-loans-how-do-you-find-them.html</link>
        <author>lauren@militaryhomesearch.com (Lauren Schneider)</author>
        <title>Assumable Loans- How Do You Find Them?</title>
    <description> <![CDATA[ 
 


Today's interest rates and housing inventory levels are making national headlines nearly daily, with speculation growing about what it will take to boost home purchases and get buyers off the sidelines. One underutilized strategy in today's market is finding a seller who has an assumable loan.





How do you find an assumable loan opportunity? Many current sellers purchased their homes, or refinanced their homes, when interest rates were below 4, making their homes ideal &quot;assumption&quot; opportunities. If a seller has a VA or FHA loan on their home, their loan balance, and interest rate, is assumable, meaning a new buyer can take it over exactly where is stands today. So where do you start?


Click Here to Search Assumable Loans in Colorado Springs


Work with the MilitaryHomeSearch.com team to find a home that is offering a VA or FHA assumption. If you find a VA assumable loan, and if you have your own VA entitlement, you would use it on your assumption purchase, and agree to release the sellers' VA entitlement so they could use their entitlement on a future home purchase. This doesn't apply to a FHA loan assumption. If you don't have your own VA entitlement, you will have to ask the seller if they are willing to part with theirs in order to have you assume their loan when you purchase the home.


Of note: on an assumption purchase, you are only able to assume the existing loan amount at the existing rate. If the home you want to purchase is listed at $500,000, and the existing loan at a 2.5 interest rate is $400,000, you will need to bring $100,000 to closing in order to purchase the home at the existing 2.5 interest rate.


VA assumptions can also be a tool used by investors to purchase investment properties, but again, the seller would have to agree to part ways with their VA entitlement. Instead of using a lender of your choice on an assumption purchase, you would use the lender who currently holds the existing mortgage on the home. 


If you're looking for a VA or FHA assumable loan near Fort Carson, Peterson SFB, Schriever SFB, USAFA, or Cheyenne Mountain Space Force Station, we have you covered Reach out to our team learn more about these properties, and more 


Would you like to connect to discuss your real estate needs? We’re here to help Leave us a message here or call 719-338-7294 to speak to one of our Realtors today.



 ]]> </description>
    <pubDate>Sun, 30 Nov 2025 11:02:00 -0700</pubDate>
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<item>
    <guid>https://www.militaryhomesearch.com/blog/va-assumable-loan-listings-in-colorado.html</guid>
    <link>https://www.militaryhomesearch.com/blog/va-assumable-loan-listings-in-colorado.html</link>
        <author>lauren@militaryhomesearch.com (Lauren Schneider)</author>
        <title>VA Assumable Loan Listings in Colorado</title>
    <description> <![CDATA[ 
Have you been looking for a below market interest rate in Colorado? The MilitaryHomeSearch.com team is currently marketing three listings with VA assumable loans, and they are all incredible opportunities to purchase a home with a below market interest rate and very little cash required to bridge a gap between the list prices and current loan balances. Read on to learn about three incredible opportunities. Of note, you will have to have your own VA eligiblity to subsitute for these assumable loan opportunities.


1. 10822 Rolling Peaks Drive Peyton, CO 80831





List Price: $599,500


Current Loan Balance: $605,062 (buyer will not need to bridge the gap between the loan balance and purchase price)


Monthly Payment: $3044


Interest Rate: 4.5





Prepare to be captivated by this stunning Century Home that is dripping in upgrades- you will not find a better home with higher end finishes in the sought-after Meridian Ranch community Offering the perfect blend of modern elegance, thoughtful upgrades &amp; an unbeatable location, this home is truly better than new A beautifully landscaped front yard sets the stage for the exceptional living experience that awaits within. As you enter the home, you'll be greeted by a main level bedroom that is currently being used as an office, with a complimentary full bath. Continue into the bright &amp; airy open-concept layout, bathed in natural light that streams through the large windows. The living room seamlessly flows into the dining &amp; kitchen areas, where you will be wowed by the custom cabinets, gas stove, and quartz countertops. Sliding glass doors lead directly to the professionally landscaped backyard, extending your living space outdoors &amp; providing an ideal setting for entertaining or relaxing. Retreat upstairs to the tranquil primary suite, a true sanctuary designed for comfort and relaxation. This generous space features ample natural light, a large walk-in closet, and a spa-like ensuite bathroom. A loft, two additional bedrooms, a laundry room with custom built-ins, and a full bath complete the upper level. Head to the basement where a large rec room, additional bedroom and 3/4 bathroom offer the perfect set up. Enjoy the exceptional lifestyle offered by the highly desirable Meridian Ranch community. Residents benefit from access to a wealth of amenities, including Antler Creek Golf Course, recreation Centers featuring indoor and outdoor pools, fitness centers, basketball courts, numerous parks, playgrounds, miles of scenic walking &amp; biking trails &amp; community events. Easy access to shopping, dining, schools, Peterson SFB, Schriever SFB, Fort Carson &amp; major transportation routes. Don't miss this incredible opportunity to own a truly exceptional home in Meridian Ranch


2. 3615 Birnamwood Drive Colorado Springs, CO 80920





List Price: $575,000


Current Loan Balance: $522,379 (buyer will need to bridge the gap between the loan balance and purchase price)


Monthly Payment: $2894


Interest Rate: 3





 Welcome to this charming and versatile two-story home in the highly sought-after Briargate Gatehouse neighborhood—where location, comfort, and functionality come together beautifully. Step inside to discover an open-concept layout boasting soaring ceilings with wood beams, and filled with natural light from skylights, creating a warm and welcoming atmosphere from the very first moment. The heart of the home is the inviting living room, where a cozy fireplace provides the perfect focal point for relaxing or entertaining. Just off this space, the eat-in kitchen features updated appliances and opens directly to the deck—ideal for summer barbecues, morning coffee, or sunset views. A formal living and dining area at the front of the home offers a more traditional space for hosting guests or holiday dinners, adding elegance and flexibility to the floor plan. Upstairs, the spacious primary suite serves as a serene retreat, complete with a large walk-in closet, dual vanity, and a modern free-standing shower. Two additional bedrooms and a full bath round out the upper level, making it perfect for family living or visiting guests. The walkout basement adds incredible value with a fourth bedroom, another full bathroom, and a bonus room—perfect as a media room, home office, or playroom. Plus, the large unfinished portion of the basement offers ample storage or a blank canvas for future customization. Location is everything—and this home has it. You're just minutes from the U.S. Air Force Academy, Peterson Space Force Base, The Shops at Briargate, UC Health North, Children's Hospital, and award-winning District 20 schools, parks, and top-rated restaurants. With easy access to I-25 and major commuting routes, convenience doesn’t come at the cost of peace and quiet


3. 2216 Sunrise Lane Pueblo, CO 81008





 List Price: $385,000


Current Loan Balance: $327,856 (buyer will need to bridge the gap between the loan balance and purchase price)


Monthly Payment: $1798


Interest Rate: 3





This beautifully maintained, better than new Richmond American ranch style home is located in the peaceful Seasons at Crestview Hills neighborhood of Pueblo, CO. Offering 1,420 square feet of all one level thoughtfully designed living space, this home features three bedrooms and two full bathrooms in a practical layout ideal for comfortable everyday living. The open-concept design includes a welcoming foyer, a bright great room complete with built ins, and a dining area that flows into a well-appointed kitchen with a center island, walk-in pantry, and plenty of cabinet space. The kitchen and great room are truly showstoppers Continue into the primary suite, set apart for privacy, which features a walk-in closet and an en-suite bathroom. Additional highlights include central heating and air conditioning, LVP flooring throughout the entire home and throughout all bedrooms, and a radon mitigation system. Outside, the low maintenance xeriscaped yard also features a side yard with grass, perfect for pets. You can't beat this location, with easy commuter routes to Colorado Springs and Pueblo, and a 25 minute drive to Fort Carson. Near tons of shopping, dining, and entertainment- this location is truly exceptional Schedule your showing today


If you're looking for a VA assumable loan near Fort Carson, Peterson SFB, Schriever SFB, USAFA, or Cheyenne Mountain Space Force Station, we have you covered Reach out to learn more about these properties, and more 


Would you like to connect to discuss your real estate needs? We’re here to help Leave us a message here or call 719-338-7294 to speak to one of our Realtors today.



 ]]> </description>
    <pubDate>Sun, 20 Jul 2025 15:23:00 -0600</pubDate>
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<item>
    <guid>https://www.militaryhomesearch.com/blog/should-you-buy-a-home-now.html</guid>
    <link>https://www.militaryhomesearch.com/blog/should-you-buy-a-home-now.html</link>
        <author>lauren@militaryhomesearch.com (Lauren Schneider)</author>
        <title>Should You Buy a Home Now?</title>
    <description> <![CDATA[ 


We are in the middle of summer, which means real estate sales should be kicking into high gear...except we are seeing a meaningful shift in the market. If you’ve been sitting on the sidelines wondering when the right time to buy is, it just may be now. Check out the reasons why:





1. More Room to Negotiate: Right now, there are way more homes on the market than buyers currently looking, which means we are in a long awaited buyer's market. Sellers who truly want to sell are willing to negotiate a fair price, seller concessions, earnest money, potential repairs, contingent sales, and more. Buyers have so many options, and sellers are taking notice


2. More Inventory: New listings continue to increase week after week, while homes aren't selling at the same pace, which means buyers have a lot of homes to look at. Your perfect home is likely out there, and you have plenty of time to schedule a showing


3. More Sellers Wanting to Sell vs Rent: With newer state laws that greatly favor tenants' rights over homeowner rights, many sellers are not willing to rent their property out as a &quot;plan B&quot;. Sellers want to sell





Buyers have more homes than ever to choose from, more negotiating power, and more motivated sellers, which means the next few months could be the perfect time to consider buying a home. If you've been contemplating a home purchase, please reach out We would love to sit down for coffee, or even set up a zoom meeting to dive deeper into the home buying process. 


Do you have questions about buying a home? We’re here to help Leave us a message here or call 719-338-7294 to speak to one of our Realtors today.





 ]]> </description>
    <pubDate>Tue, 24 Jun 2025 14:28:00 -0600</pubDate>
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<item>
    <guid>https://www.militaryhomesearch.com/blog/i-want-to-buy-a-home-in-2024-what-do-i-do-next.html</guid>
    <link>https://www.militaryhomesearch.com/blog/i-want-to-buy-a-home-in-2024-what-do-i-do-next.html</link>
        <author>lauren@militaryhomesearch.com (Lauren Schneider)</author>
        <title>I want to buy a home in 2024- what do I do next?</title>
    <description> <![CDATA[ 
I want to buy a home in 2024- what do I do next?





The holidays are over, the decorations have been taken down, the kids are going back to school, and now it’s time to plan out 2024. Buying a house keeps creeping into your mind as something that you might want to do this year. But where to start Read on for our step-by-step guide on how to get started on your home buying journey.


1. Find a Realtor.


This may seem obvious, but finding a first class Realtor is crucial to your success. Do your research and find an amazing Realtor to assist you during your home buying exploration process. Key things to consider when choosing a Realtor include:





How many homes have they sold? Have they distinguished themselves as market experts? (My team of Realtors at MilitaryHomeSearch.com has collectively sold over 2000 homes over the past 8 years).


Do they own multiple websites and invest heavily in their business? (My team owns: COSpringsHomeSearch.com; MilitaryHomeSearch.com; MilPCS.com)


Do they have hundreds upon hundreds of positive online reviews? (We do Check them out here: http://tinyurl.com/3hay3jc7 and https://www.zillow.com/profile/LaurenSchneiderMHS).


Do they have past client references to provide you? (We literally have hundreds. Just ask)


Are they upbeat, positive, and excited to help you? (Oh yes we are, almost to a fault) 





2. Find a Lender.





Your Realtor will have lender recommendations that best meet your needs. Your Realtor/Lender team should have an extremely cohesive relationship, as the three of you will be working closely together in order to hit your financial goals. Do you have a home to sell before you purchase a home, or do you possibly have a lease to break? We can easily work through all of these scenarios with your lender. We recommend Grant Schneider, Market Leader for Movement Mortgage. Grant has 17+ years of mortgage experience, and has consistently found himself on the top 10 list of the Scotsman Guide, which celebrates the production of mortgage loan originators in the US, across all companies. Grant can be reached at: Grant.Schneider@movement.com; 719-494-4509; and you can fill out an online loan application at: www.GrantEasyApp.com.


3. Get set up on a home search website.





Your Realtor can carefully craft an online home search for you, so you receive listings via email that best meet your criteria. Set the email frequency to: instant, daily, weekly, or monthly depending on your timeline. Save your favorite properties. Set up your free home search at one of these websites: www.COSpringsHomeSearch.com or www.MilitaryHomeSearch.com.


4. Set up showings





 Text/email your Realtor requesting showings or virtual tours of homes you like. Let the fun begin From there, your lender can be working up exact mortgage payments on properties you have interest in as well.


5. Make an offer.


Working with your Realtor, you will choose a home to make an offer on. Your Realtor will study previous permits, and pull comparable sales for you. Together, you will decide on an offer price, and other various contract terms, to include: inclusions/exclusions, dates/deadlines, loan terms, etc.


6. After negotiations, your offer is accepted; begin escrow period.





Congratulations Your offer was accepted Now, the approximately 30-day escrow period begins. For the next 30 days, you will be working on submitting your earnest money, setting up a home inspection, working with your lender to finalize necessary documents, working through repair requests with the seller, scheduling a final walk through, and setting up a closing time to sign for your new home. Closing can take place in person, or remotely, via a remote online notary.


7. Close on your new home.


You did it Buying a home is a breeze when you are working with an extremely skilled team. We LOVE cheering on our clients, turned friends, as they begin building their wealth through home ownership.


Buying a home is always a big step in life, no matter if this is your first home purchase, or your tenth. Knowing what you are looking for in a property, and what your 3-5 year plan is with the property will help your Realtor and Lender team make your journey that much more successful for you. If you think 2024 might be the year you want to purchase a home, please reach out You can connect with us in the following ways:


Sign up for a free home search account at: www.COSpringsHomeSearch.com or MilitaryHomeSearch.com. 


Email us at: Team@militaryhomesearch.com


Call/Text us at: 719-338-7294


Follow us on Facebook: @MIlitaryHomeSearch.com


Follow us on Instagram: @MilitaryHomeSearchTeam










 
 ]]> </description>
    <pubDate>Tue, 09 Jan 2024 13:08:00 -0700</pubDate>
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    <guid>https://www.militaryhomesearch.com/blog/what-is-the-best-way-to-buy-a-home-today-and-afford-my-monthly-payment.html</guid>
    <link>https://www.militaryhomesearch.com/blog/what-is-the-best-way-to-buy-a-home-today-and-afford-my-monthly-payment.html</link>
        <author>lauren@militaryhomesearch.com (Lauren Schneider)</author>
        <title>What is the best way to buy a home today and afford my monthly payment?</title>
    <description> <![CDATA[ 
How do I secure a home today with a below market interest rate?


Today's interest rates are all over the news. It's impossible to ignore. While we are just a couple of years removed from all-time low interest rates in the 2 range, we are now experiencing rates that are the highest in 20+ years. So, is there a better way to secure a home? Or is it best to wait until rates fall? While everyone has their own opinion on the best time to buy, we are going to discuss 5 ways to secure the best interest rate on your home today.





1. Ask for seller concessions when you make an offer. These seller concessions can be used for an interest rate buy down.


On a VA loan, it is allowable for a buyer to ask a seller for up to 4 of the purchase price to be used for seller concessions, as well as asking for the seller to cover loan closing costs. For easy math, this means a buyer could ask the seller for up to $16,000 in seller concessions on a $400,000 home, as well as asking for loan closing costs to be covered by the seller. These seller concessions can be used for a permanent or temporary interest rate buydown in order to achieve a more affordable monthly payment. 


Many buyers today are opting for a &quot;2-1 Buydown&quot;, which is where the lender calculates what amount of seller concessions are needed for a 2 below market interest rate for year one of the loan and a 1 below market interest rate for year two of the loan. On year 3, the interest rate would default to &quot;today's rate&quot; that the buyer locked in at, and it could never go above that. Ideally, interest rates will come down over the next 24 months, which will allow buyers to refinance. Also, many buyers feel confident in future raises and future income after two years, which makes this an ideal arragement. 


2. Find a home that is offering a VA assumption.


Many sellers purchased their homes when interest rates were below 4, making their homes ideal &quot;assumption&quot; opportunities. Work with your Realtor to find a home that is offering a VA assumption. If you have your own VA entitlement, you would use it on your assumption purchase, and agree to release the sellers' VA entitlement so they could use their entitlement on a future home purchase. If you don't have your own VA entitlement, you will have to ask the seller if they are willing to part with theirs in order to have you assume their loan when you purchase the home. Of note: on an assumption purchase, you are only able to assume the existing loan amount at the existing rate. If the home you want to purchase is listed at $500,000, and the existing loan at a 2.5 interest rate is $400,000, you will need to bring $100,000 to closing in order to purchase the home at the existing 2.5 interest rate. VA assumptions can also be a tool used by investors to purchase investment properties, but again, the seller would have to agree to part ways with their VA entitlement. Instead of using a lender of your choice on an assumption purchase, you would use the lender who currently holds the existing mortgage. 





3. Find a home that is offering a FHA assumption.


This works very similarly to the scenario above, but it does not involve the component of VA entitlement. Your Realtor can work with you to find VA and FHA assumption opportunities. 


4. Find a new construction home where the builder has a preferred lender who has purchased a block of money with a forward rate lock commitment.


Oftentimes, new home builders run interest rate specials during certain months. They typically work with a preferred lender who is able to purchase a forward rate lock commitment that expires at a certain time. If a buyer writes a contract where the home would close before the rate lock expires, the builder and lender can extend the favorable interest rate to the buyer. This works best of spec homes that are already built, since they can close quickly. 





5. Ask your Realtor and Lender team what the projections are for interest rates in 2024, and how you can improve your credit score to qualify for the best rates today. 


This seems so simple, but this is truly the best way to know when to buy a home at the best interest rate. We anticipate rates will come down *at some point*, but we also anticipate buyer demand will increase dramatically when we see rates drop, which should inflate pricing. It is impossible to time the market, but it IS possible to make a sound purchase when your personal situation supports that buying a home and investing in the real estate market makes sense for you. 
 ]]> </description>
    <pubDate>Sun, 05 Nov 2023 13:31:00 -0700</pubDate>
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    <guid>https://www.militaryhomesearch.com/blog/open-houses-to-tour.html</guid>
    <link>https://www.militaryhomesearch.com/blog/open-houses-to-tour.html</link>
        <author>lauren@militaryhomesearch.com (Lauren Schneider)</author>
        <title>Open Houses to Tour</title>
    <description> <![CDATA[ 
Visit these three gorgeous homes this weekend, open to the public


The MilitaryHomeSearch.com team brokered by eXp Realty is hosting three open houses this weekend. You don't want to miss any of them


1. 7318 Primavera Drive, Saturday October 14th, 12pm-2pm


Welcome home to this meticulously maintained 3-bedroom+office+loft, 2.5-bathroom, 2 car garage home in the highly sought-after Ventana neighborhood, a master-planned community designed to offer modern lifestyle amenities. With its thoughtfully designed Manchester floor plan and stunning features, this property is a true gem.


See all photos, here: 


https://www.militaryhomesearch.com/listing/5363412-7318-primavera-lane-fountain-co-80817/





2. 7530 Silver Bow Drive, Saturday October 14th, 2pm-4pm


Discover this stunning two-story home located in the ultra-desirable neighborhood of The Glen at Widefield, nestled on a huge, oversized lot. Immediately take in the cozy front porch, freshly painted exterior, and pristine landscaping as you pull up to this absolutely turnkey home.


See all photos, here:


 https://www.militaryhomesearch.com/listing/5923355-7530-silver-bow-drive-colorado-springs-co-80925/





3. 10852 Pigeon Drive, Sunday October 15, 12pm-2pm


Welcome to this exquisite, upgraded residence, nestled in the breathtaking beauty of Colorado Springs. As you step through the entrance, prepare to be captivated by the grandeur of vaulted ceilings and a staircase adorned with luxurious vinyl plank flooring, setting the tone for the elegance that awaits within.


See all photos, here:


https://www.militaryhomesearch.com/listing/2077066-10852-pigeon-drive-colorado-springs-co-80925/





Please stop in for a tour, bring your families, neighbors and friends, and enjoy some of the most equisite and affordable houses for sale in Fountain and Colorado Springs. We can't think of a better home viewing and home shopping experience 
 ]]> </description>
    <pubDate>Wed, 11 Oct 2023 13:45:00 -0600</pubDate>
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    <guid>https://www.militaryhomesearch.com/blog/what-to-look-for-in-a-starter-home.html</guid>
    <link>https://www.militaryhomesearch.com/blog/what-to-look-for-in-a-starter-home.html</link>
        <author>lauren@militaryhomesearch.com (Lauren Schneider)</author>
        <title>What to Look For in a Starter Home</title>
    <description> <![CDATA[ 


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 looking for a starter home to ensure you find a property that is the right fit for you and your family. In addition, these tips can help you make an informed decision about a home that can give you a good return on your investment.


Price


Price is the biggest concern for most first-time home buyers. Chances are you’re working with a limited budget, so you need to determine how much home you can actually afford. A mortgage calculator will tell you how much you will need to pay every month depending on the size of your down payment and price of your home. Keep in mind that there will be other expenses involved such as closing costs, property taxes, and general maintenance costs.


Location


Where you want to live is another important factor to consider. Typically, the farther you are from downtown Colorado Springs, the more affordable the homes will be. For example, you can find some great value starter homes in communities such as Fountain and Monument, but you may have to deal with a longer commute to work or school. If you’re set on living in an urban center, you may have to settle for a smaller home such as a condo or townhome.


Features


A starter home might not be your forever home, so you may have to sacrifice some of your ideal features in order to save money. Before searching for homes, it helps to make a list of features you absolutely must have and features that you would like to have, but can do without. These could include a backyard, basement, storage space, laundry room or modern appliances. Keep in mind that you can always add certain features later.


Condition


No matter how affordable a starter home is, it’s not a good deal if it’s in terrible condition. A home inspection is a vital part of the home buying process, as this will let you know if there are any major issues that could cost you down the road or affect your safety and comfort. Be sure to factor maintenance costs into your budget and be mindful of how much you’re willing to pay for repairs and DIY fixes.


Whether you're looking for a long-term home, a home you can flip in a few years, or a property to generate rental income, a Colorado Springs starter home can be an excellent investment. A reputable real estate expert can help you find a starter home that fits your budget and ensure your home buying experience goes as smoothly as possible.





Your Colorado Springs Real Estate Specialists


If you’re buying a home for the first time, an experienced real estate agent can give you invaluable advice and guide you through every step of the home buying process. The Military Home Search team specializes in military relocations and the unique dynamics of the Colorado Springs real estate market. Contact us today to learn how we can help you find the perfect starter home



Send A Message

Call Us Now







 ]]> </description>
    <pubDate>Tue, 10 Jan 2023 15:28:00 -0700</pubDate>
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    <guid>https://www.militaryhomesearch.com/blog/how-to-buy-a-home-in-colorado-springs-while-on-duty-overseas.html</guid>
    <link>https://www.militaryhomesearch.com/blog/how-to-buy-a-home-in-colorado-springs-while-on-duty-overseas.html</link>
        <author>lauren@militaryhomesearch.com (Lauren Schneider)</author>
        <title>How to Buy a Home in Colorado Springs While On Duty Overseas</title>
    <description> <![CDATA[ 





Buying a home in Colorado Springs while you’re deployed in a different country may seem risky, but it’s actually very common for members of the military. In fact, it’s now easier than ever to buy a home long distance thanks to virtual showings, online application processes, and builder incentives for military members. If you’re thinking about buying a home while on duty overseas, these are some tips to make the process go smoother.


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

Work Out Your Budget


Before you begin searching for a home, you need to know how much you can afford. Do a thorough review of your financial situation including your current and expected income, credit score, and debts. Check to see if you’re eligible for a Veteran Affairs Loan. In addition, a mortgage calculator can give you a good idea of how much your monthly payments might be for homes you are interested in.


Look Into a VA Loan


If you're an active duty military member, a veteran or an eligible family member of a military veteran, you may qualify for a Veterans Affairs (VA) loan. There are many benefits to getting a VA Loan including no down payment, lower interest rates and no need for private mortgage insurance. Many lenders offer VA Loans including banks and mortgage companies. To qualify for the loan, you’ll need a Certificate of Eligibility.


Research Neighborhoods


There are Colorado Springs communities to suit all lifestyles. Whether you prefer to own a home in the city close to a wide array of amenities or in a rural location surrounded by spectacular natural beauty, there is a neighborhood perfectly suited to you and your family. A quick online search will show you which Colorado Springs neighborhoods have the best schools, amenities, affordable real estate, and more.


Work With a Military Relocation Specialist


The military relocation specialists at Military Home Search know the unique challenges that military homebuyers face, as well as the unique benefits that are available to members of the military. We can advise you on suitable neighborhoods, market trends, and how to go about applying for VA Loans and more. We will work with you every step of the way to ensure your home buying experience is as stress-free as possible.


Take Virtual Property Tours


One silver lining of the pandemic is that it made it much easier for home buyers to view properties online from any location in the world. Check the latest Colorado Springs MLS Listings to see full property details and take virtual tours to see those details for yourself. Your military real estate specialist may also be able to do virtual tours for you in real time, giving you the opportunity to ask questions and see more of particular details.


Consider Setting Up Power of Attorney


One of the biggest challenges to buying a home while deployed overseas is that you will have to sign documents such as the loan agreement and closing contract. While you may be able to sign some documents electronically, others will require an actual ‘wet’ signature. Many military members set up a Power of Attorney, which is a legal document that allows someone else such as a spouse or family member to sign on their behalf. 


Are you considering buying a Colorado Springs home while deployed overseas or out-of-state? Contact Military Home Search online or call 719-338-7294 to speak to one of our military relocation specialists today 





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    <pubDate>Tue, 11 Oct 2022 14:08:00 -0600</pubDate>
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    <guid>https://www.militaryhomesearch.com/blog/septic-tank-homes-pros-cons.html</guid>
    <link>https://www.militaryhomesearch.com/blog/septic-tank-homes-pros-cons.html</link>
        <author>lauren@militaryhomesearch.com (Lauren Schneider)</author>
        <title>What Homebuyers Need to Know About Septic Systems</title>
    <description> <![CDATA[ 


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.


What is a Septic System?


A septic system is independent of community systems. They are designed to capture wastewater from toilets, sinks, washing machines, and garbage disposals. One of its primary components is a tank typically made of steel, concrete, or fiberglass. The tank's function is to store any solids while liquids exit into an underground drain field, usually filtered with gravel. Over time, solids sink to the bottom of the tank and will need to be periodically pumped out.


Pros of Septic Systems


Many homeowners prefer having a septic system over being a part of a municipal system due to the many benefits. One of the most significant benefits is cost-efficiency since there is no utility bill or taxes associated with sewer costs. Well-maintained, a tank can last forever since it's highly durable.


Other pros include that septic systems are self-maintaining if used correctly and safely. If an issue emerges, the problem is isolated from local events that can negatively impact homeowners. When properly maintained, septic systems are one of the more sustainable building options since homeowners are more personally invested in the consequences of misusing the system.


Cons of Septic Systems


As with anything else in life, septic systems have a few drawbacks. It's essential to track when the tank was last pumped to ensure too much time doesn't pass. Other disadvantages include being responsible for repairs if the system breaks or the drain field develops. If a substantial problem occurs, it could affect groundwater by seeping into a nearby well, contaminating the water.


The age of a home may also be problematic since zoning laws change over time. Older homes zoned for smaller tanks may no longer be sufficient if bedrooms/bathrooms were added or seasonal dwellings were converted to year-round. The problem is, if new zoning laws were enacted, they might prohibit larger tanks from being installed if homes are too close to one another. Be sure to research septic tank care tips to minimize the cons.


Checklist of Things to Know About Septic Systems and Tanks


Buyers should consider having a septic system inspection done before offering a home. If a standard inspection doesn't cover it, it's probably worth the extra money to hire a professional third party to ensure the system is in good shape and draining correctly. Other considerations for buyers include:




Asking the seller to see records of previous septic inspections.


Learning local laws to ensure the septic is up to code before buying the home and knowing what restrictions should upgrades or expansions be planned.


Planning for septic tank inspections and scheduling it to be pumped approximately every three years.


Avoiding flushing &quot;extras&quot; down the pipes, such as wipes, hygiene products, hair, dental floss, and other bulky items that can clog up the system.


Being conscious of what is run through sinks, garbage disposals, and showers as grease, oil, chemicals, cleaners, and other items can potentially upset the system's balance or interrupt healthy bacteria.


Self-inspecting septic fields periodically to look for puddles of water or other flooding problems – this is a warning sign something isn't right, and the longer one waits, the worse a problem can get.


Watching out for events such as slow drainage, backflow, or another unusual occurrence inside the home.




Septic Tank Pros Can Outweigh The Cons


A poorly maintained or problematic septic can lead to years of headaches, which can get extremely costly. If appropriately maintained, septic systems can last for decades. Getting a home inspection is also critical because it can reveal common red flags to be aware of. Owning a home with a septic tank can be more affordable and more manageable than citywide alternatives.


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    <pubDate>Thu, 09 Dec 2021 07:55:00 -0700</pubDate>
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    <guid>https://www.militaryhomesearch.com/blog/why-work-with-military-real-estate-agents.html</guid>
    <link>https://www.militaryhomesearch.com/blog/why-work-with-military-real-estate-agents.html</link>
        <author>lauren@militaryhomesearch.com (Lauren Schneider)</author>
        <title>3 Reasons to Work With a Military Real Estate Agent</title>
    <description> <![CDATA[ 


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.


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

Military Real Estate Agents Understand Active Duty Timelines


Active duty service members are often in a time crunch for various reasons. They may have to PCS quickly and unexpectedly, or they learn there is a shortage of on-base housing at their new duty station and can only offer to add their name to a waiting list. Due to scheduling, sometimes military members must buy a house sight unseen. A knowledgeable agent will not only be efficient in the house-hunting process, but they can also stand in for them and make sure they get a suitable property at a fair market (or better) price. Skilled professional agents who routinely work with military members are equipped to work with the strict time constraints that often emerge and, if needed, have the right skills required to accelerate the buying timeline.


A good agent can also manage the sale for service members who already own homes but need to move quickly. Alternatively, they can also manage the property as a rental for a secondary source of income until the service member decides what they want to do with it. This is ideal for homeowners who would prefer not to be forced into an impulsive decision resulting in a financial disadvantage or loss.


Military Real Estate Agents Know the VA Loan Process


Experienced military real estate agents recognize all of the nuances that come with the process of receiving VA loans. The Veterans Administration loan process works a bit differently than it does for conventional loans. Those agents who don't have experience essentially go in blind to the process can negatively impact their clients. The VA has specific criteria that must be met before they approve a loan—and those agents who have worked extensively with VA lenders are familiarized with all of them. For instance, they understand the specific minimum property requirements, how the appraisal process works, and what type of documentation is needed. Even the most beautiful home might have issues triggering a VA loan denial.


Working with agents who don't thoroughly understand VA Loans can delay the home buying process, or worse, end up denying a loan during the closing. On the other hand, agents who routinely represent service members typically have a go-to list of VA lenders, which helps the process go much more smoothly. Agents with military knowledge can also assist in deciding between 15- or 30-year military mortgage amortization.


Military Real Estate Agents Help Find Housing Grants


Veterans often face circumstances non-military members don't have to think about when selecting a home. VA-savvy real estate agents know how to help disabled veterans find the right home that meets their needs. They are also skilled at identifying potential housing grants that will enable them to buy a house that contains the adaptations or renovations needed to allow them to live independently. This can be expensive, especially for veterans living on fixed incomes and limited budgets. Grants could help pay for things, such as the installation of ramps or the widening of doorways.


Military Real Estate Agents Match the Needs of Active Duty Buyers


The bottom line is, any real estate agent can technically represent an active duty military member or a veteran. Still, they may not have the experience or knowledge to navigate the process. An agent with military homebuying experience already knows what to expect, will eliminate (or at least reduce) any obstacles, and can ensure the buying or selling process goes as seamlessly as possible. 




For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
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    <pubDate>Tue, 05 Oct 2021 09:03:00 -0600</pubDate>
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