If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from The Collins Team - your professional Colorado Springs Real Estate Agents.
There are many things you can do to make a move fun for your kids. Here are a few of them. Want to Buy a Home? Search All HomesWant to Sell a Home? Get a Home Value ReportI grew up as a military brat, so my family moved around a lot. My parents were great about getting us involved in different activities to make the process more fun.One thing they did was pull out a map and have us guess where our new home was. We also guessed the distance between where we lived and where we were moving to. The winner always got a prize. “The winner always got a prize.” Another thing is letting the kids help with decorating their room. Get them involved with picking colors, furniture, and more. You can also have them learn about the new location by telling them about the nearby attractions that they can visit.If you have any questions for me about moving or anything else, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
When buying a house, the length of your closing perioddepends on you and what type of loan you get. Want to buy a home? Search All HomesWant to sell your home? Get a Home Value Report How long does it take to close on a home?The length of the closing period depends on the buyer and the type of loan they get. Getting a loan constitutes the longest part of the closing process. If you don’t use a loan and buy your home with cash, however, you can close within 10 to 14 days.The longest part of getting the loan itself is getting your documentation to your lender. Make sure you get your loan documents to your lender the same day they’re requested, or at the very least the next day. Once the whole process goes to underwriting, everything stops once the lender requests documentation. The faster you can get them that documentation, the faster you can get to closing.“The faster you can provide your lender their requested documentation, the faster you can get to closing.” Typically, the average closing takes anywhere from 30 to 45 days because appraisal times can take a long time to come to completion.If you have any questions about how long it takes to close a home or you’re thinking about buying or selling a home, feel free to give me a call or send me an email. I’d be happy to help.
The final walkthrough should be the last thing you dobefore closing and it’s incredibly important.Want to Buy a Home? Search All HomesWant to Sell a Home? Get a Home Value Report Today I want to discuss the thing you do right before closing: the final walkthrough. This step is essential because it allows us to go through all of the inspection items the seller has agreed to complete and make sure they are done to our satisfaction. Also, this is a great time to make sure there is no new damage anywhere on the property as a result of the seller moving out. We do this to double-check that the home is in the same condition it was when it first got under contract.“All of these steps in the final walkthrough should be completed on the last day before closing.”Lastly, we’ll make sure you receive a vendor checklist. This checklist will have each and every number you could possibly need as a new homeowner. All of these steps in the final walkthrough should be completed on the last day before closing. By waiting until that point, you are making sure that there is no time for anything to change on the property. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Today I wanted to share some tips with you that will make iteasier for you to buy and sell a home at the same time.Want to Buy a Home? Search All HomesWant to Sell a Home? Get a Home Value Report The biggest concern when buying and selling a house at the same time is getting stuck with two homes or ending up without a home at all. Here are some things we do to make sure that doesn’t happen to you:We will make sure we list your home at the right price. That way it doesn’t stay on the market for a long time and you lose the ability to purchase a house that you’re interested in. We will make sure that you know about all the inventory out there. Having that knowledge about the available inventory will ensure that you are ready to make that purchase when your house goes under contract.We will make sure your financial situation is in line. That way you are prepared to purchase that home, and it’s a seamless transition from selling a home to purchasing a home. “You can potentially lease that property you just sold back from the purchaser.” Another thing to consider is that you have the opportunity to do a lease-back program. What that means is that when you sell your home and close on that home, you can potentially lease that property that you just sold back from the purchaser. That way it gives you the opportunity to get into your new home without an overlap or a delay. If you have any other questions about this topic, or you’re looking to buy or sell a home in Colorado Springs, give us a call. We’d be happy to help!
If you want to accurately determine how much home you can afford to buy, there are two professionals you must speak with. Want to Buy a Home? Search All HomesWant to Sell a Home? Get a Home Value Report Buyers ask me all the time, “How do we determine how much we can afford for the new house we’re looking at?”First, speak to a lender before you start shopping for a home. They can give you accurate information regarding your debt-to-income ratio and your FICO score, which are the two key ingredients to knowing what you can afford. On the real estate side, speak to a real estate professional. They will be able to provide you with accurate information that will affect your monthly payment. This information includes what your property taxes will be, what your HOA payments will look like, and how these factors will affect your debt-to-income ratio. “Getting a professional opinionon both the real estate and lending sides is your best bet.”You can research some of these things on your own, but getting a professional opinion will best determine how much you can truly afford for the home you intend to purchase. If you have any questions about this topic, please don’t hesitate to reach out to us. We’d be happy to help you.
Here are few things most buyers don’t think about that you should consider carefully if you’re starting your home search.Want to Buy a Home? Search All HomesWant to Sell a Home? Get a Home Value Report When starting a home search, buyers often think about factors like the number of bedrooms, the square footage, and maybe even the location of the home in town. Here are few things most buyers don’t think about that you should consider carefully if you’re starting your home search because they could play a big role in your future purchase. First, what size of a yard do you want? A larger yard or a smaller yard? Also, what type of landscaping will the yard have and what kind of maintenance will it require from you in the future?Speaking of future, what will your family’s future needs be? Is your family growing or shrinking in size? Analyze what your needs might be as far as the number of bedrooms in your home and its overall size. “How many bedrooms will your home need to fit your family?” Next, think about what HOA desires you have. Do you want to be in a neighborhood that’s pristine and well-kept because the HOA is very strict, or do you want to have more latitude in your area and not necessarily even have an HOA?Lastly, consider which direction your house is facing. In the wintertime, it can make a big difference whether it’s facing north or south. If you have any questions about starting your home search or would like a home evaluation, don’t hesitate to reach out to us. We’d be glad to help.
If you’ve booked an appointment with me, here’s what you can expect when it’s time for us to meet. Want to Buy a Home? Search All HomesWant to Sell a Home? Get a Home Value Report What can you expect after you set up an appointment with me and it’s time for us to meet? The first thing we’ll do is meet at your place and walk through it for a few minutes to look at any improvements or upgrades you’ve made to the property and what its current condition is. Then we’ll sit down and look at some comparables to fully understand what the market looks like right now. After that, we’ll review our awesome marketing plan so you can see if it matches up with your expectations. Finally, we’ll determine whether we want to team up or not.“This meeting will help us determine if we want to move forwardselling your home.”There are three things I’d like you to gather in preparation for this meeting: your utilities from the last 12 months, your mortgage payoff amount and your lender’s information, and your HOA contact information. Having these items ready will help us market the property if we decide to move forward together.If you have any questions, don’t hesitate to give me a call or send me an email. I’d be happy to help you.
With the El Paso County Bond Money Program, you can get a grant that you don't have to pay back.Want to Buy a Home? Search All HomesWant to Sell a Home? Get a Home Value Report If you don't have money for a down payment, can you still buy a house?Absolutely. In fact, there are a lot of down payment assistance programs out there right now that are great for homebuyers. I think the best one right now is the El Paso County Bond Money Program, which is a turnkey program that allows you to buy a house with zero money down. Using an FHA loan, El Paso County will grant you that money for your down payment.Since it's a grant, you don't have to pay it back and there's no interest. Of course, there are qualifications for this program, but it's the program that I would recommend the most.There are a couple other great options like C.H.A.C. and C.H.A.F.A. C.H.A.C. (Colorado Housing Assistance Corporation) and C.H.A.F.A. (Colorado Housing Finance Authority) both allow you to get into a home with no money down. You might need $1,000 in earnest money to put down on a house, but in most cases, you'll be able to get that back at closing. “With the El Paso County Bond Money Money Program, you can get a grant that you don't have to pay back.”Basically, you can have no savings and buy a house. How great is that? If you have any other questions about buying a home, don't hesitate to give us a call or send us an email soon. We're here to help.
If you are listing your home as “For Sale By Owner,” we have a few unique services to help your home sale succeed.Want to Buy a Home? Search All Homes Want to Sell a Home? Get a Home Value Report If you are listing your home as “For Sale By Owner,” then we have some unique services to offer that will help you succeed.First, we can send you a copy of my book, 25 Ways of Buying and Selling Without Going Crazy. It’s a good resource that you can use as a guide to help you sell your own property.We can also create a video for your home and use technology to make sure that it comes up first on Google. That way you still get great advertising even if you aren’t on the multiple listing service.“Avoid legal problems by asking us for the right documentation.” Finally, if you reach out to us, we will make sure that you have all the documentation you need to complete the transaction. There are over 600,000 real estate lawsuits a year, and we want to make sure that you have the tools and documents necessary to avoid any legal pitfalls.So, if you are selling your home on your own or if you have any other questions about real estate, just give us a call. We would be happy to help you!
Avoid botching your home sale by being mindful of these common mistakes home sellers make. Want to buy a home? Search All Homes Want to sell your home? Get a Home Value Report When you sell your house, there are a few major mistakes you should try to avoid. The first is overpricing your home at the start. You have to make sure that you don’t take this process too personally. Take the information you get from a real estate professional and listen to their objective opinion on the price. I know you think fondly of your home, but overpricing it can be very detrimental to you in the long run. Once you price your home, no matter what price point you’re at, the market will dictate where you need to price it moving forward. If you need to adjust to the market, make sure that you do so. Many sellers fall into the trap of not adjusting quickly enough based on the number of showings they have or the feedback they get. “Listen to the market, react to it quickly, and absorb all buyerfeedback objectively.” Speaking of feedback, don’t take any buyer’s opinion personally. That opinion will help you in how you market your home. If you have any questions about this topic or you’re considering buying or selling a home, feel free to give us a call or shoot us an email. We’d be happy to help.
Why should you order a home inspection before you close on a property? I’ll explain today.Want to Buy a Home? Search All Homes Want to Sell a Home? Get a Home Value Report Do you need to get a home inspection when buying a home? Absolutely.The home inspection is very important. When you walk through a house, you’re going to look at the floor plan, the rooms, and the area. You won’t necessarily be inspecting the home.You need to know about any latent defects in the property, so hire a professional home inspector to go in and look through the home. You’re probably not going to look at foundation issues in the basement or how much insulation is in the attic on your own, but you need to know those things.“You need to know about the condition of the home and maintenance costs.” You’re going to want to know what the maintenance costs for the property will be. You’ll also want to understand what the long-term costs will be, which is why it’s very important that you have a home inspection before closing on a property.If you don’t know any home inspectors, we can recommend a professional to you.If you have any other questions about home inspections or buying a home, just give me a call or send me an email. I would be happy to help you!
If you’re interviewing an agent to sell your home, there are three very important questions you must ask them. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleAs a home seller, there are many questions you can ask a Realtor when interviewing them, but here are three questions that are especially important that you do ask: 1. What sets you apart from other Realtors? Look at the technology they have and the access they have and make sure it’s different from other real estate agents.2. What type of marketing plan do you use? Is it a specific, delineated marketing plan? For example, we have a specific, 78-point marketing plan we use to get the most value for our sellers. 3. Can I cancel the contract if I want? If you’re stuck in a contract with an agent you’re not happy with or don’t like, make sure you have the ability to cancel that contract. On our team, we give all of our clients the option to cancel with us at any point. These three questions will help you identify the right agent for you.If you have any questions about how to interview a real estate agent or you’d like to interview us to buy or sell a home for you, don’t hesitate to reach out to us. We’d love to help.
How do you know if you should buy a new home or resale home? I’ll explore the pros and cons of each today.Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleWhich is a better investment—new homes or resale homes? I get this question a lot from buyers. Ultimately, it all depends on your perspective. A new home is a great investment if you’re looking for a low-maintenance home. If you’re looking for everything under warranty and you don’t want to make improvements to the property right away, then a newer home is going to be the better option for you. A new home will also maintain its value longer than a resale property. If you are interested in making improvements, you can get a resale property at a lower price and make upgrades to increase the property’s value. You can get a resale property at a lower price and add upgrades to improve its value.Both are good investments. It ultimately depends on your perspective and how you want to manage your time and money in the property. If you have any other questions about buying a home, just give me a call or send me an email. I would be happy to help you!
If you’re a homebuyer in our market, it’s better to get pre-approved than pre-qualified. Here’s why. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleWhat’s the difference between being pre-qualified and being pre-approved? Which one should you strive for as a homebuyer? Being pre-qualified involves just getting on the phone and having a short conversation with a lender. They’ll take some basic information from you, and how they qualify you is based solely on the information you give them. However, this information, through no fault of your own, might not be accurate. Being pre-approved means filling out a loan application, meeting with a lender in person, and giving your whole file to an underwriter. You’ll then get pre-approved by the underwriter. Once you’re pre-approved by that underwriter, you’re actually qualified to buy a home. If you want to beat out other buyers, get pre-approved.In this market, it’s especially important to be pre-approved. Sellers won’t want to take an offer from a buyer who is only pre-qualified—they’ll want a full pre-approval. If you want to beat out other buyers to the best deals in our market, get pre-approved. If you have any questions about pre-approvals or pre-qualifications or you’re thinking about buying or selling a home in our market, don’t hesitate to reach out to me. I’d be happy to help you.
When it comes to adding value to your home, there are a few tried-and-true tips I recommend.Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleIf you want to add value to your property, there are two main areas where you should focus your improvements: kitchens and bathrooms. They say that kitchens and bathrooms sell houses, and that is absolutely true. People spend a lot of time in these two rooms, which means any improvements you make will add a great deal of value.On the other hand, there are some improvements you may want to avoid. For example, you should steer clear of making major changes to the landscaping or changes to the property that are based on personal preferences.They say that kitchens and bathrooms sell houses, and that is absolutely true.Changing the finishing on a floor from carpet to hardwood might help the home sell faster, but it won’t necessarily add value. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
After the home you’re looking to purchase has been inspected, what comes after? Today I have some advice about what steps you should expect to come after.Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleA home inspection is the process in which an inspector comes to the house being sold to find out any potential issues with the home that could affect its value. But what do you do after that initial inspection is over? Today, I’d like to give you some advice about the next step.After you do a home inspection, the secondary negotiation period begins. The primary negotiation is where you initially discuss price and terms, but you have a secondary negotiation period that a lot of people don’t necessarily think about.The important part of this secondary period is that you’re going to be able to negotiate the condition of the property that you’re looking to purchase. Take this time to ask the seller to make repairs that you find to your subjective discretion.After you do a home inspection, the secondary negotiation period begins.We will provide a document called an inspection objection to the seller, we’ll object to those items, and then the seller is going to provide us an inspection resolution. This is the agreement that you and the seller will come to regarding what they’ll repair on the property. That way, we can be confident about the property that you’ll be purchasing. If you have any questions about what comes after a home inspection or anything else that relates to real estate, please feel free to give us a call or send us an email. Hope to talk to you soon!
Today I’d like to give you three tips for negotiating a home sale.Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleToday I have three tips that will help give you an edge when it comes to negotiating a home sale. 1. You’ve got to know before you go. Begin with the end in mind. If you do this, it takes away a lot of the emotion out of negotiating a home sale. Negotiating a home sale shouldn’t be personal. 2. Know your motivation. If you’ve got an ulterior motive, make sure you keep it to yourself. You want the other side of the transaction to know as little about you as possible because that gives us the most leverage as we undergo negotiations. 3. Don’t get greedy. Typically, the first offer you get is the best offer, so don’t be greedy and wait for the next best thing and risk losing your best offer for the idea of another one. If you have any questions about this or other real estate-related topics, feel free to reach out to us. We’d love to help you reach your real estate dreams.
Overpricing your home comes with a few different pitfalls. Today, I’ll be talking about three, specifically.Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleSellers, listen up: Don’t overprice your homes. Doing so can carry a few pitfalls. If you overprice, you won’t receive multiple offers or be as competitive in today’s market. In fact, overpricing your home will eventually reduce its value.Also, you aren’t going to get as much feedback. This is because fewer buyers will come through the door and check out the home if they see that it’s overpriced.Overpricing your home will eventually reduce its value.You don’t want your home to become a stale listing. Buyers have access to a lot of information and technology today, so they know better than to fall for an overpriced home.If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
If you want to get an accurate valuation of your home, have a real estate professional walk through it instead of using Zillow. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleShould you get a home valuation from Zillow? You can. It’s one way to get a home valuation, but I don’t think it’s the best way. The best way is to have a real estate professional like myself meet you at your property and walk through it with you so you can get an accurate idea of what its value is. Zillow won’t take into consideration what upgrades you have. I, on the other hand, can come to your house and look at the upgrades and improvements you’ve made that have added value to it. I can also evaluate its condition compared to the rest of the properties in the area. Zillow is one way to get a home valuation, but it’s not the best way.Another thing Zillow won’t take into consideration is the inventory in your area, whereas I can look specifically at how many houses are out there and what’s available in your neighborhood. Take a look at Zillow if you like, but having a real estate professional walk through your property with you is a much better way to get an accurate valuation of it. If you have any questions or would like me to come out to your home to figure out what it’s worth, don’t hesitate to call me or shoot me an email. I’d love to help you.
Is it better to rent or own? A lot of people ask this question. To me, the answer seems obvious. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleIs it better to rent or buy?This is a question on the minds of a lot of people in today’s market. However, it seems like an obvious answer to me. Then again, I’m in real estate.Nevertheless, I think you might be interested in hearing my insider’s opinion on why it’s better to buy.First of all, you have the opportunity to grow your credit when you buy. Purchasing a home is a long-term way to have a positive influence on your credit score.Also, buying a home will build your equity. You may not stay in this house forever, but the equity you build from it can help go towards your future nonetheless.You have the opportunity to grow your credit when you buy.We’ve got a wonderful rental here in Colorado Springs. If you move up to a different property after purchasing your first home, you can still keep your current house as a cash-flow property for your future. Renting out your previous property after moving to your new residence can be a great way to take on some extra income.If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Sellers often ask me whether or not a pre-listing inspection is worth it. The simple answer is yes. But why is that the case? Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleSellers ask me all the time whether or not pre-listing inspections are important. The answer is, undoubtedly, yes. While you aren’t required to do them, they can be very helpful to the transaction. By doing a pre-listing inspection and making any recommended repairs ahead of time, you are put in a better position as a seller.Additionally, it will make buyers feel more calm in general about purchasing your property. As another way of helping your listing, we can actually market it using our certified pre-owned program, which can earn you top dollar. Pre-listing inspections make buyers feel more calm about purchasing your property.A pre-listing inspection will also allow you to spread out the costs of repairs. Instead of a one-time lump sum, you will have more freedom to disperse costs across a period of time prior to listing. This way, you won’t be in the bind of being under contract while scrambling to make necessary repairs.If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
How do you know when you’re ready to buy a home? I have a few tips to help you come up with a strategy. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleA lot of buyers will ask me, “How do I know when I’m ready to buy a home?” I recommend that you go see your real estate professional. We’d love to talk you through the process. As a certified real estate strategist, I can put a plan together to help you determine exactly when you’re ready to buy. We will look at different factors on the lending and real estate side to make sure that you are ready to buy a home. First, we have to find out if you will qualify for a mortgage. We’ll look at your FICO score, debt-to-income ratio, and consumer debt. We want to put you in the best situation possible to buy a home. There are a few other factors to consider. For example, are you in a lease? Are the kids in school? When do you want to move? Ultimately, you’re the only one who knows when you’re emotionally ready to buy a home.I can help you get a strategy in place. Ultimately, you’re the only one who knows when you are emotionally ready to move. If you are thinking of buying a home, just give me a call or send me an email. I would be happy to help you!
Home warranties are beneficial to buyers, sellers, and homeowners. Here’s how. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for saleThe U.S. News & World Report states that every year, homeowners spend 1% to 4% of their home’s value on repairs and replacements. How can you alleviate some of those costs and concerns? Get a home warranty!Home warranties are great for sellers that are looking to sell their house faster, for buyers who are lacking confidence in a home they want to purchase, and for homeowners that have owned their home for a long time but want an extra layer of protection.If you’re a buyer and you want to make sure the home you’re about to purchase is safe, getting a home warranty will protect you from any and all mechanical problems that could go wrong, even after closing. If you’re a seller, the psychology of selling your house is the most important thing. When a buyer comes through your house, they want to feel safe and protected. When they leave one of your showings, you want to make sure they have the least amount of questions in their head so they’re more apt to write an offer. Having a home warranty will provide that conscious and subconscious belief that you’re taking care of them and that they’re protected in the transaction.A home warranty can save you thousands of dollars over time.For all homeowners, having a home warranty can save you a lot of money. A furnace could go out, for example, and cost you $3,000 to $4,000 to replace. A home warranty, by comparison, costs only $300 to $400 a year. You could have a home warranty for 10 years and, over that time, if you replace the furnace just once, you’ll pay for the cost of the home warranty. This can include many other mechanical items that the home warranty could be used for besides the furnace, too. If you have any questions about this or any other topic, please feel free to give us a call or send us an email. We look forward to talking with you!