If you have been thinking about owning a home now is a good time to start saving for that down payment.In Pueblo County, overall home prices rose on average roughly 12% in 2015. The Colorado First Time Homebuyer Savings Account Act was passed by the Colorado Legislature which should help Coloradoans to save money for…
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If you have been looking at Pueblo homes for sale online for very long you no doubt have come across Zillow.com Zestimate®, pronounced (ZEST-ti-met). The Zestimate® home valuation is Zillow’s estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home’s value. The Zestimate…
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Owning a home is still the American dream and the US Government in cooperation through programs like CHFA (Colorado Housing Authority and Finance Authority) have helped over 84,000 Coloradoans achieve home ownership since 1974. First time home buyers that are looking for down payment assistance must attend a first time home buyers education class…
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Back in the beginning of 2015 I put together a brochure that I give to prospective sellers entitled “6 Remodeling Projects That Make Financial Sense.” You can download the brochure by clicking here. Often times potential home sellers will try and weigh the cost/benefit analysis of doing improvements or upgrades before they list their home…
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What is the difference between a mortgage interest rate and an APR? There are many costs associated with taking out a mortgage. They include: Interest Rates Points Fees and Other Charges View image | gettyimages.com The interest rate is the cost you will pay each year to borrow the money, expressed as a percentage rate.…
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On Thursday, October 29, 2015 I attended a meeting of a group of top executives from the Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Colorado Housing Finance Authority (CHFA). The meeting was held to discuss with local REALTORS®, mortgage lenders and community members the impact on housing prices and the lack…
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This buyer satisfaction comes from a client that I represented in the purchase of a home which co-incidentally I also was the listing agent for the home. This type of transaction can potentially cause ethical issues for me as a real estate agent. If one of the parties to the transaction thinks they have been…
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In a recent poll done by Digital Risk they asked millennials (those in the 18-34 year old range) who had recently purchased homes found that 36% of them had purchased their home with less than a 5% down payment. A stunning 36% also still believed that a 20% down payment was the only way to…
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This handy little infographic outlines the steps to home ownership in a fun to read and understand graphic. Start saving for a down payment Make sure you have a good credit score Get Pre-Approved Find a Great Real Estate Agent Start Looking at Homes Make an Offer Close Escrow A side note: at the beginning…
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The Pueblo real estate marketplace is hot right now. There are more buyers than homes for sale. In July 48% of all homes sold in Pueblo County did so within 30 days, that’s how quickly good homes are selling. I tell my sellers if the house is priced correctly and in decent shape it will…
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