If you’re in the market for your very first home, chances are you’re likely to come across a myriad of terms and acronyms you’ve never heard before, such as an HOA. For those who are looking at new, master-planned communities or condominium units, then you’ll want to become more familiar with what an HOA is and what it could mean for your budget.
Here’s what you should know about an HOA community before buying a home in one.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
What Is An HOA?
HOAs are organizations that manage certain aspects of how a neighborhood works. HOAs create and enforce rules, collect dues, and provide useful services. They
Fall is a wonderful time to sell a home, even though it is not typically thought of as the optimal time for selling. While spring and summer are excellent and often highly profitable seasons for homeowners considering selling, selling your home in the warmer months is far from essential.
As we head into fall, your sale can benefit from the urgency of families relocating closer to preferred schools, the reduction of competition with other sellers, the festive atmosphere, the appeal of winter in Colorado Springs, and much more. However, since this time of year often sees a slower real estate market than spring and summer, you'll want to take several additional steps to ensure you can sell your home quickly and efficiently at a great price.
One of the largest homebuilders in Colorado Springs has named Lauren Schneider, MilitaryHomeSearch.com’s founder and REALTOR, their Top Real Estate Agent of 2016. The award was presented to Lauren on Thursday, January 26 in recognition of her achievement for selling the most Challenger Homes that year. She sold a total of 10 homes in 4 different developments to active duty, reservists, and veterans. This is Lauren’s first award since becoming a Realtor and she looks forward to another year of working closely with Challenger Homes and helping even more families find a beautiful new home.
When it comes to helping her clients buy a new construction home, Lauren prides herself on always being there at every stage of the building process. From
Pricewaterhouse Cooper (PwC), in partnership with the Urban Land Institute, recently released the annual Emerging Trends in Real Estate® report to highlight what investors and developers can anticipate in the year to come. Last year, the report predicted that more Millennials would be looking to suburbs for homes and there would be a large push for more urban agriculture and alternative housing projects. This years predictions build on the previous ones and look to the future for the next phase of real estate.
1. A Kinder Real Estate Market
Several markets across the country, especially Colorado Springs, experienced record-breaking transactions this year in terms of volume and prices. While the markets continue to shock and impress, there is
The housing market in Colorado Springs was recently recognized as the best in the state, and with so many transactions and new construction properties, it’s an exciting time to be buying or selling a home. Home values have continued to increase over the past few years, there are plenty of buyer’s in the area, but there’s also a lack of inventory for those buyers. These are all just some of the reasons why those who are looking to sell their home are at a bit of an advantage right now. That said if you're thinking about buying right now, with the right preparation, resources, and connections, you’ll be well on the way to successfully owning a home in no time, for a great deal no less.
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:
1. Use Free Resources To Optimize Your Home Search
Utilize saved home searches on www.MilitaryHomeSearch.com and receive