Short Sale, Colorado Springs!
I am frequenly asked by home owners who are experiencing financial troubles to explain what aShort Sale is and how it works! Here in Colorado Springs our housing market has lots of Short Sale properties as well as bank and goverment owned homes for sale on the market.
Basically, a home owner who is having troubles making payments--does not have to be late or may already be late withpayments or knows they are coming up on a future circumstance that will not allow them to make payments are candidates for a Short Sale. The phrase Short Sale derives from the shortage of money the bank will receive between what the home sells for and what the home owners still owes on the home. Each circumstance is reviewed individually by the banks before a Short Sale is granted by the bank to the seller.
Here are some basics of a Short Sale and its pprocess and some of the steps may be out of order and not all are included: Please call for details or a FREE CONSULTANTION-719.209.0190
Home Owner consults with a real estate professional ( Short Sale & Forclosure Specialist Designation), attorney and tax consultant and if determined, home is listed with the agent and placed into the MLS.
Home Owner contacts bank and request a Short Sale Packet from any mortgage lender the home is currently financed with. Takes about 5-7 business days to receive the paperwork. Lots of financial information will be asked for and requested by the bank as well as a Hardship Letter. After packet is filled out and completed the packet is giving to the Agent so they can properly label, tag and number each page of the packet. Once the packet is sent to the right fax number of the banks it takes about a week to get the packet assigned by a Short Sale Negotiator.
Home is priced at market prices to start with for approx. 60-90 days before any major price reductions. Bank wants to see that there was an effort to market the home at market rates before they are willing to take a reduction in price from a buyer.
Bank will order an appraisal and or a BPO (Broker Price Option) to get and idea of what they are working with concerning the condition of the home and market prices in the area.
Prices are dropped more frequently after the 60-90 day period to incite home buyers to make and offer. The list price may not be the price the bank counters back with. Extreme low ball offers are usually frowned upon by the bank. However, there are many different tactics and reasons why an agent will price a home at a given prices, so ask questions before you judge an agent.
Offer comes in on the home and the home owners either accepts the offer or declines. If accepted, the agent sends the offer to the bank, along with the listing agreement, recent financial information from the home owner, HUD statement from a title company.
Offer and documents are submitted to the bank and bank determines what they will take as a payoff for the home. The price may be the buyers offering price or the bank may decide the home is worth more and they could as for more.
Once a price is aggreed upon, the bank with stipulate when they would like the closing to take place and then the agents work on making that closing happen.
Thank you for reading the BASICS of a Short Sale
How to find a New Home in Colorado Springs
Whether you are a first time home buyer or a seasoned buyer, finding a New Home in Colorado Springs may not always be an easy task. With land being more available to the North and East of Colorado Springs, New Homes are popping up everywhere, but not always in the area you wanted to buy. Compromise is the name of the game and with than comes some really great rewords. With the slowing of the housing market and low interest rates, buyers now have the opportunity to purchase a New Home in Colorado Springs for what a resale would cost them.
Working with a New Home Specialist like myself will help you save time and money! It's not that I know every home that is being built or available at a moments notice but I do know who to call for the information to find that needle in a hay stack of a home your looking and in a timely manner. How to find a New Home in Colorado Springs boils down to working with a great New Home Specialist who has the resources to find what you are looking for. Have a look some of the layout of this New Town Home in Colorado Springs. Available models with great move in incentives are the Gibson w/1391 sq. ft. at $177,219, the Emerald w/1647 sq. ft. at $200,009 and the Crimson with 1827 sq. ft. at $226,299. HOA's are around $115.00.
Ask for a pre-view of these beautiful Today's Homes located near Powers Blvd.


If you want more information about these town homes or single family homes with great move in incentives, please visit me at New Home Colorado Springs.
Finding New Homes in Colorado Springs
Have you ever thought that owning a new home was out of the question? Well, if your one of those people that thought it was impossible, think again. As a Colorado Springs Relocation Special I do my very best at finding whatever type of home my clients are looking for, at the price that fits their needs. New homes In Colorado Springs can be found at various locations across the city, in all different sizes and prices, depending on your buying needs. Pre-viewing New Homes In Colorado Springs is just one of the many things I do during the day to stay current with our builder inventor. Visit me at New Homes in Colorado Springs to find the perfect new home for you. Make sure you put in your comments that you are looking for a New home.
The beautiful Town Homes listed below are in a great location and conveniently located to easy access to Powers Blvd, Dublin, Woodman and minutes away from Austin Bluffs.
Available New Homes in Colorado Springs Included some of these choices:
1. Priced at just $177,219 This New Home in Colorado Springs is a beautiful Town Home available that is 1391 sq. ft with 2 master bedroom suites, 2.5 baths and a 1 car garage. This is an end unit so you don't have to worry about additional noise. Beautiful hard wood floors through out the entire main level, with all appliances included, washer, dryer included with a private patio......
2. Priced at $200,009 This New Home in Colorado Springsincludes 1647 sq.. ft. 2 bedroom, 2.5 bath and a 2 car garage. Large great room wth 10' ft. ceilings, open kitchen with bar top, beautiful upgraded maple cabinets with crown molding, fireplace, hardwood floors in the kitchen, dining area, powder bath and foyer, all appliances included, large bedroom wth walk in closet's
3. Priced at only $ 226,299 This New Home in Colorado Springs bosts1827 sq. Ft with 3 bedrooms, 2.5 bath and a 2 car garage. Large end unit with 10'Ft ceilings, large great room and beautiful open kitchen, fireplace, upgraded maple cabinets, stainless steel appliances, hardwood floors in entry, dining area, kitchen, and powder room. Has LARGE master suite with sitting area.
Keep in mind that when buying a new home it is always in your best interest to have a representative working for you and looking over your shoulder. Purchase contracts are very cumbersome and cover many different aspects of a home purchase. A trained real estate professional in your corner can easily point out things to look out for when making a new home purchase and make sure that you are getting the best deal possible. Did you know that when a home buyer purchases a new home, the builder (just like a normal home owner) pays the buyer's Agent his commission fee to professionally represent the buyer and his/her best interest. Just like to shouldn't use a soon to be ex-spouse's lawyer to get a divorce, you should use a builders representative to close on a new home. Hire a professional representative to put in your corner.
New Homes Availabe through Today's Homes!
Selling Peregrine Homes for Sale in Colorado Springs
Come visit this beautiful area of Northwest Colorado Springs in the award winning Academy District 20 Schools. Just West of Rockrimmon and 10 minutes from I-25, Peregrine is a wonderful community nestled close to the Pikes Peak base of Pikes Peakand away from the hustle and bustle of city life. Enjoy peaceful mountain and wild life in Peregrine from your own back yard. Established in the late 80's and primarily built in the 90's, Peregrine has grown to be a popular area for families looking for large economically priced homes with that mountain feeling, without the long drive up the mountain. Most of the Homes for sale in Peregrine sell for between $300-600k, some higher, with 5 bedrooms, 4 bath and 3 car garage, ranging from 2700-6500 square feet.
Peregrine Homes for Sale in Colorado Springs-- Community includes:
Alpine Glen, Angel Stone, Cedar Village, La Belleza, Mahogany Vale, North Valley The Riverie, Rockledge, Sanctuary, Stone Hedge, Table Rock, Talon Ridge, Tuscany Heights and The Villages.
Peregrine Provides: Wide range in of wildlife, large homes, good size lots, near mountain terrain, district 20 schools

Want a free Market Analyis and home Evaluation of your home in Colorado Springs, visit Get My Home VALUE NOW!
Antelope Meadows Real Estate in Colorado Springs
Are you looking for a great community neighborhood conveniently localed near 1-12 grade schools in district 11? Well look no further because Antelope Meadows in Colorado Springs is a fantastic neighborhood for families and children.! I have lived in Antelope Meadows of Colorado Springs for over 5 years now and my kids love the schools and neighborhood. Nicely tucked away on the out rim of Antelope meadows you can easily find you way in minutes to Austin Bluffs, Stetson Hills, Dublin, Academy and Woodmen. I find this neighborhood is very convenient to all the major shopping centers and entertainment.
As a neighborhood and community relationship builder I hosted the 2010 Antelope Meadows Community Garage sale with over 30 particapants and look forward to another one this year. The greatest thing is that all the schools and park is within walking distance, if you did not want to make the drive every morning. Antelope Meadows has a walking trail that cuts through the neighborhood and passes by the community park and to two of the local schools. Need some excercise, take a long walk or ride a bike on these walking paths and enjoy this peaceful neighborhood. Want to search for a home in Antelope Meadows visit Search Colorado Springs MLS. The local schools are: Elementary--Scott, Middle--Jenkins and High School is Doherty.

Antelope Meadows 6 Month Housing Market Data as of 1/6/2011
On the Market-- 4 Properties ranging from $205-$259
Average price of listed properties--$238,500 with 2843 square feet, finished 2100
Solds-- 11 Properties
Average price of sold properties $231,763 with 2625 square feet, finished 2375
For a complete Colorado Springs Market Data update for all the areas of Colorado Springs visit Market Data Information.
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