Colorado Springs Real Estate

This is often one of the biggest questions that buyers find themselves asking as they weigh the options of home ownership. As real estate agents, we’ve calculated the costs and know that in most cases, owning a home can be a much better arrangement for most than sinking funds into a rent cost that doesn’t get you anywhere. Yet, with buying a home comes many new responsibilities like a downpayment, a mortgage, and the upkeep costs. Here are a few ways you can determine whether buying a home is the best financial decision for your family. You Have 30% Saved When planning to buy a home, you want to have enough money saved up to afford your 20% downpayment and 10% closing and moving costs. That doesn’t mean you will actually have to make a downpayment, many lenders can secure loans that don’t require it. However, you will look more appealing to a lender if you do have that money saved up. Not to mention, if you have that money saved up, and don’t use it for the down payment, you’ll h...

Buying a home in Colorado Springs can save you money if you are currently renting.  Interest rates on mortgages are still very low while rent typically continues to rise. There are many reasons people choose to rent and for some, it may be the best option.  If you have the option to buy versus renting, you may be able to save yourself money in the long run.  Calling one of our  experienced Colorado Springs real estate agent s is your first step in the home buying process.  Our team can assist you with all questions related to the buying process from start to finish.  As a first-time home buyer, understanding the benefits of buying a home versus renting is crucial in taking the next step.  Here are three reasons  buying a Colorado Springs home  is more affordable than renting. Rent Continues To Climb While Mortgage Rates Are Still Low In 2018, rent prices continue to rise and mortgage interest rates are still at very low rates. ...

Buying a home in Colorado Springs  can be an exciting time, especially if it is your first home.  Calling one of our  experienced Colorado Springs real estate agent s is your first step in the home buying process.  Our team can assist with all questions related to the buying process from start to finish.  One of the most dreaded parts of buying a home is getting approved for a home loan.  In order to secure the best home loan options, our team suggests you clean up your finances before applying.  Here are a few tips for cleaning up your finances before  buying a Colorado Springs home . Analyze Your Debt Know how much you owe on ALL of your debts.  if you are not sure where to start, gather all your monthly bills with a pad of paper and pen.  Make a list of all debts such as amounts owed on vehicles, student loans, personal loans, or any other debts that can be paid off.  Creditors will look at the amount of debt you have...

Buying a home in Colorado Springs can be an exciting time, especially if it is your first home.  Calling one of our  experienced Colorado Springs real estate agent s is your first step in the home buying process.  Our team can assist with all questions related to the buying process from start to finish.  As a first time home buyer, understanding all the costs when buying a home can be confusing.  As you budget for all the costs involved with  buying a Colorado Springs home , here are some items you can't overlook. Earnest Money Earnest money is not a fee but shows sellers you are ready and committed to buying a home.  Our team can assist you in coming up with the right amount to put down as earnest money, but this amount will be put towards the closing cost or returned.  Some people budget 1% to put into earnest money based off the amount they are willing to spend on a home.  Down Payment It is always best to have a 20% d...