Colorado Springs, CO

Colorado Springs Realtor - Cherise Selley - Your Belief System

11-19-09

Cherise Selley: Real Estate Agent in Colorado Springs, CO

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Office: (719) 598-5101

Mobile: (719) 337-9779
Secondary: (888) 842-4196

If you’re part of the real estate community, then what are you doing to enhance your business during this winter season?

The answer might require complex strategies as this relates to improving your business acumen. On the other hand, your response may very well be as simple as trusting in your belief system.

For if you place your entire beliefs within your business model, most likely, you can probably look forward to higher peaks of expectation followed by lower valleys of disappointment, especially when the markets are severely challenged by geo-political and economic trials.

As for myself, as a Colorado Springs Realtor, my spiritual beliefs are what guide my leadership skills that are required for leading our group of Colorado Springs Realtors. As a result, this brings extraordinary inspiration and comfort during the midst of business uncertainties.

But what is the real question at hand? Which do you believe in more regarding the outcomes of your life? Are your beliefs being tested under trials? Or is the strength of your business as a measure of success being tested? I contend it is your beliefs, which then sets the tone for your measure of true business significance.

Of course, during some of the slower winter months, it’s only prudent to prepare, strategize, and to gain vision and to refuel to effectively run a Colorado Springs Real Estate business in the future. Yet your beliefs, especially rooted transcendently and found in the Word, when under fire, ultimately refine and test the character of who you are and what you do…

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Colorado Springs Real Estate Report for Northeast Area as for October 2009

11-19-09

Colorado Springs Real Estate Blog - Kathy Torline - Nordstrom

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Office: (719) 575-1183

Mobile: (719) 287-1049
Secondary: (303) 681-3582

Colorado Spring Real Estate

Market Report for Northeast Colorado Springs, Single Family Homes

Neighborhoods Include: Homes in Vista Grande Terrace, Vista Grande

Search for homes in Northeast Colorado Springs

The Northeast area of Colorado Springs housing market continues to be a NEUTRAL,BUYERS Market, as there is currently a 5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a "NEUTRAL MARKET". Sales were only 15% from 2008 to 2007, but average pricing was only down 3.5% from 2008 to 2007. 450 Single family homes have been sold in 2009 vs. 525 for the same period in 2008; a decline of 15%. Sales have increased in Northeast Colorado for 2009, but pricing has continued to decline.

Recap of 2009, 2008, 2007, 2006, 2005, and 2004

	1-1-2009 to 10-31-09	2008	2007	2006	2005	2004
Number of Homes Sold	658	742	879	1081	1032	1253
Average Sale Price	$228,816	$232,157	$240,639	$242,175	$237,587	$218,742
Average Days on Market	74	79	73	62	52	50
Average # of house sold per month	65.8	61.8	73.3	90.1	86	104.3

Current Report as of 11-17-09

Active listings: 302
Under Contract and Pending : 111
Absorption Rate: 65.8 homes per month, a 4.5 monthly supply of houses currently on the market

This Colorado Springs Real Estate report contains information on Single Family dwellings in Northeast area of Colorado Springs

This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

A Colorado Springs Real Estate Agent You Can Trust

Selling Real Estate in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake

www.Kathytorline.com and www.ColoradoSpringsVintageHomes.com

Colorado Springs Real Estate

Posted by Kathy Torline - Nordstrom

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Home Buyer Tax Credit Has Been Extended and Expanded

11-19-09

Mariana Wagner ~ Colorado Springs REALTOR®

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Office: (719) 434-7525

Secondary: (719) 576-5432

The Colorado Springs Real Estate Connection is happy to announce that the $8,000 Home Buyer Tax Credit HAS been extended! It passed Congress and was signed into law by President Obama on 11/6/2009!

To qualify for this Tax Credit extension, you must not have owned a home in the last 3 years. Income limits for this tax credit have been raised and now are:

$125,000 per individual (previously was $70k) or
$225,000 per family (previously was $150,000)

In addition to that,this new law offers $6,500 tax credit to EXISTING home owners who have lived in their current home for 5 consecutive years of the last 8 years, and want to “move up” and buy a different home (up to $800,000)!

However …

“Just because the $6,500 tax credit feature has been “labeled the move-up credit”, it does not mean that you must purchase a bigger or costlier home. You could always downsize & still take advantage of the credit.” – Move Up $6,500 Tax Credit – Can I Downsize Now? [Nannette Saunders - Lynchburg VA Real Estate agent]

Whether you are a first time home buyer or an existing home owner looking to move please remember, the home must go under contract by April 30, 2010 and close by June 30, 2010.

Not only does the extension help first time home buyers get a home, but it also helps reward current home owners who have stuck it out through this shifting market.

Remember: *Please talk with your tax attorney or accountant to see if and how this tax credit could apply to you.

For more information on how we can help you take advantage of the extended and expanded tax credit, please give us a call: 719.434.7525

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525

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Colorado Springs Military Discounts

11-18-09

Kelly Young ~ Colorado Springs Real Estate ~ 719-226-0126

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Office: (719) 226-0126

Mobile: (719) 337-6043

I found out about a great online resource where Military members and their families can quickly check for discounts, specials and upcoming events that are free, discounted or in some way honoring them. In a month that is often tied to Thanksgiving and Gratitude and our annual Veterans Day here is a link to Colorado Springs Military Discounts website.

With over 40 links to different business categories there is a lot to offer. With ski season just starting be sure to check their ski areas before you go.

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Colorado Springs Realtor - Cherise Selley - Mortgage Fraud

11-18-09

Cherise Selley

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Office: (719) 598-5101

Mobile: (719) 337-9779
Secondary: (888) 842-4196

Creative financing is a thing of the past. Here’s how the FBI defines mortgage fraud, “any material misstatement, misrepresentation or omission relied upon by an underwriter or lender to fund, purchase or insure a loan.”

Our company of Colorado Springs Realtors encourages their clients to avoid any white lie, hedging, puffing, or anything else that might breach honesty when filling out a Colorado Springs Real Estate loan application. Some of the common examples of mortgage fraud include undisclosed kickbacks, silent second mortgage, falsifying employment income, non-owner occupant claiming occupancy, down payment gifts you will repay, inflated purchase price and falsifying deposits.

Today – mortgage fraud is pervasive. In fact, the FBI reports a 1,411% jump in reports of mortgage fraud between 1997 and 2005. The numbers are rising and as a result, mortgage fraud has impacted the economic slump found on Wall Street as well as the Colorado Springs Real Estate market.

This Colorado Springs Realtor encourages everyone to be more accurate with the essentials of doing Colorado Springs Real Estate ethically and profitably.

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