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Showing posts from July, 2011

Beautiful 2 Story Home For Sale in Colorado Springs, School District 20

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Beautiful 2 Story Home for Sale in Colorado Springs Located in School District 20 Featuring 4 Bedrooms, 3 Bathrooms, 2 Car Garage and 2,500 + Square Feet. Tour this Home Today! Spacious Main Level Boasts a Formal Dining, Formal Living or Study Area off Entry, Perfectly Appointed Kitchen with Ample Cabinet and Counter Space, All Appliances, Pantry, Newer Tile and Dining Area with Walk Out to Backyard. The Main Level Living Room includes a Cozy Wood Burning Fireplace and Ceiling Fan. There are beautiful Hardwood Floors on the Main and Upper Level. Unwind in the Upper Level Master Retreat with Walk In Closet and Remodeled Attached Bathroom. There are 3 Spacious Secondary Bedrooms, Laundry Room and an Updated Full Bathroom that Complete the Upper Level. The Finished Basement features a Large Recreation Room and a Large Storage Area. The Expansive Backyard has a Large L-Shaped Patio Perfect for Summer Gatherings. This Home also includes: Central Air Conditioning, Custom Bali Blinds, New Ro…

Selling Your House? Waiting May Not Make Sense

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by The KCM Crew

There have been some bright spots in the residential real estate market over the last couple of months. Several price indices have reported a stabilization of prices and some regions have even shown small levels of appreciation. This has led some to believe that we may have reached a bottom for home values. We must realize that what we are actually experiencing is a ‘window of opportunity’ as the banks are delayed in bringing certain inventories of distressed properties to the market. Let’s look at what others are reporting:

Bloomberg Businessweek
“The crux of Simon’s analysis is that the loose lending practices seen during the housing bubble allowed 5 million renters to become homeowners, and that the market is in the protracted process of evicting this group. He believes housing prices will decline 6 percent to 8 percent nationally, with 6 million to 7 million more foreclosures yet to come.”

Yahoo Finance
“The problem with the real estate market remains excess inventory. …

Why Do People Actually Buy a Home?

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by The KCM Crew

It seems that every time we talk about real estate today the conversation immediately goes to the financial aspects of buying a home. Where are prices headed? Where are interest rates headed? Should I wait to try and get a ‘better buy’? Should I wait until I can get a ‘steal’?

The odd thing about all these questions is that survey after survey keeps telling us that price is not the reason families actually buy a home. When money is considered at all, it is in light of not paying rent to a landlord. Let’s look at two recent surveys as examples:

National Housing Survey
The top five reasons given in the survey for buying a home, in order, are:


-It means having a good place to raise children and provide them with a good education
-You have a physical structure where you and your family feel safe
-It allows you to have more space for your family
-It gives you control of what you do with your living space (renovations and updates)
-Paying rent is not a good investment

The Myers Resear…

Move In Ready Home for Sale in Colorado Springs

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Move In Ready 2 Story Home for Sale in Colorado Springs in the Newport Heights Subdivision on a Large Lot Boasting 3 Bedrooms, 3 Bathrooms, 2 Car Garage and 2,222 Square Feet. Tour This Home Today! Open Floor Plan Perfect for Entertaining! This Home is Perfect for the First Time Home Buyer or if you are Relocating to Colorado Springs. The Perfectly Appointed Kitchen features Large Pantry, Ample Cabinet and Counter Space, Water Purifier, Center Island, Dining Area and Walk Out. Beautiful Hardwood Floors in Entry, Kitchen and Dining Area. Cozy Family Room with Gas Log Fireplace Open to the Kitchen and Dining Area. Unwind in the Upper Level Master Retreat with Views of Pikes Peak, Walk-In Closet and Attached 5 Piece Bathroom with Double Vanities, Soaking Tub and Free Standing Shower. There are 2 Additional Bedrooms and a Full Bathroom on the Upper Level. The Upper Level also includes a Loft Area that Overlooks the living room—perfect for a play area or office space. The Large Fenced Back…

Bringing the Sale Across the Finish Line

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by Ken H. Johnson

The negotiation of a sales agreement is a very difficult process. A well drafted sales agreement almost cinches a closing even in the most sluggish of markets. On the other hand, a poorly negotiated agreement typically leads to extra work on the agent’s part and a far greater likelihood that the property will not close, which is not good for either buyers or sellers. Therefore, poorly constructed sales agreements are clearly in no one’s best interest.

Setup

In today’s lack luster residential markets, Sellers face uncertainty over their net proceeds at closing and worry that they might not close and have to remarket their property. Presently, buyers face tremendous uncertainty and pay a premium in markets that have a high percentage of back-on-market (BOM) properties. Economic theory dictates that the bearers of risk receive a premium. In this case, sellers of property in these markets bear significant risk from the possibility that their property may have to be remarket…

Beautiful Patio Home For Sale in Colorado Springs

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Main Level Living at its best! Well Maintained One Owner Home For Sale in Colorado Springs Located in Excellent Condition in a Gated Community. Tour This Home Today! Boasting 3 Bedrooms, 3 Bathrooms, Oversized 3 Car Garage (one of only two three car garages in Stonebridge Community) and nearly 4,000 Square Feet. Perfect for the Move up Buyer or Relocating to Colorado Springs! Very Private, Corner Lot Offering Maximum Privacy. The Main Level Features an Open Floor Plan that is Perfect for Entertaining! The Spacious Great Room includes Cathedral Ceilings, Extra Tall Sliding Glass Doors to Patio, Large Custom Fireplace Mantel, Cozy Gas Fireplace, Custom Built-In Bookcases, Professionally Installed Surround Sound, City and Mountain Views. Perfectly Appointed Kitchen with Upgraded Cabinets and Crown Molding, Custom Designed Desk with Corian Desktop, Glass Front Doors and Shelving for Cookbooks, Large Custom Island with Corian Countertop, Extra Large Thermador Built-In Double Ovens and Matc…

Updated Home For Sale in Colorado Springs

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Come Home to Your Private Home For Sale in Colorado Springs (Monument) on almost 1 Acre Boasting 4 Bedrooms, 3 Bathrooms, 2 Car Heated Garage and 3,100 + Square Feet. Tour this Home Today! Perfect for the First Time Home Buyer, Move Up Buyer or if you are Relocating to Colorado Springs. This Open Floor Plan Features Beautiful Interior Architectural Lines and Vaulted Ceilings. Perfectly Appointed Kitchen with Granite Countertops, Large Island with New No-Maintenance Maple Butcher-Block, All Appliances, Ample Cabinet and Counter Space and Eating Nook. Beautiful Hardwood Floors in Kitchen, Dining Room and Eating Nook. Spacious Formal Living Room and Dining Room Perfect for Entertaining! The Large Family Room is Open to the Kitchen and Eating Nook with Walk Out to the Expansive Deck. Unwind in the Main Level Master Retreat with Heated Travertine Flooring with Separate Thermostat, Cozy Fireplace, Walk In Closet and Walk Out to a Separate Deck. The Luxurious Master Bathroom boasts a Deep Im…

Top 5 Real Estate Headlines in the 1st Half of 2011

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by The KCM Crew

We have reached the midway point of the year. Today, we want to look back over the first six months and give you what we believe were the five items that have had the biggest impact on the real estate industry so far this year.

The Government Wants Out of the Mortgage Business

From the original outline of the Dodd-Frank regulations to the talk of closing Fannie Mae and Freddie Mac to the proposed Quality Residential Mortgage (QRM) guidelines, the government has made it very clear that they want to dramatically limit their involvement in the mortgage industry. What will come of this? Will private industry step up and fill the void created? What will be the increased cost to the consumer? Only time will tell.

Despite Early Headlines, Sales are Increasing

Headlines earlier in the year announced the total collapse of the housing market. To those in the know, it was obvious that comparing sales numbers in the first four months of this year to the same period last year made absol…

Updated Home For Sale in Downtown Colorado Springs

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This Recently Renovated Home for Sale in Colorado Springs has all of the charm of Downtown Living with the spaciousness and convenience of modern interiors. Tour this Home Today! Conveniently located in Downtown Colorado Springs near the Patty Jewett Golf Course. Perfect for the First Time Home Buyer, Move Up Buyer or if you are Relocating to Colorado Springs! Boasting 3 Bedrooms, 3 Bathrooms and 2,300 + Square Feet. The Covered Front Porch Overlooks a Xeriscaped Front Yard and the Wide, Tree-Lined Street. The Home has it's original hardwood floors & beautiful inlays. The Open Level Floor Plan is Perfect for Entertaining with the Large Living Room and Dining Area w/ Cozy Fireplace. Perfectly Appointed Kitchen with All Appliances. Unwind in the Master Retreat with Views of the Treetops and Mountains with His & Her’s Walk In Closets and a Luxurious 5 Piece Bath to include a whirlpool tub and jetted shower. All of the Upper Bedrooms have dormered windows and the Upper Bath sh…