Imagine closing the deal on your dream home, but unsure about the additional costs. Besides the down payment, buyers must consider closing costs, which can significantly impact their budget. These costs are essential to understand. As a potential homeowner in Colorado Springs, navigating closing cos

Imagine Janet, a first-time homebuyer in Colorado Springs, standing in front of her dream house, marveling at the sunset. She sighs.Home prices soared, heavily influenced by changing mortgage rates, affecting the housing market overall.However, projections for the 2025 housing market bring a shimmer

Navigating economic tides is much like steering a ship; steady hands are crucial to avoid turbulent waters.Federal Reserve Chairman Jerome Powell’s recent address highlights the delicate balance needed to manage inflation while stabilizing the housing market.Powell’s Remarks on Inflation and Housing

The revitalization of distressed homes through the 203(k) loan program brings renewed hope to many communities. Imagine a family restoring a home in Colorado Springs, feeling the optimism that accompanies each renovation.This scenario is now more attainable.On July 9, 2024, HUD announced expansive u

Selling your home can be a complex process, but proper preparation can make all the difference. To attract buyers and achieve the best possible price, it’s essential to get your home in top shape. Here are some key steps to prepare your home for sale.1.) Declutter and DepersonalizeStart by declutter

Imagine standing at the edge of a new beginning.  Sarah, a young professional in Colorado Springs, has just found her dream home. With excitement and a bit of anxiety, she begins to explore loan options, trying to understand the various loan terms.  719 Lending can help. 1. What Are Loan Terms?Loan

What is APR?APR, or Annual Percentage Rate, is a crucial factor in understanding mortgage costs. It represents the yearly cost of borrowing, including interest and fees. By comparing APRs, you can identify the most affordable loan for your Colorado real estate needs. Explore additional resources and

A home inspection is a vital step in the home buying process, providing an in-depth look at the property’s condition. Understanding this process can help you make informed decisions and protect your investment. Here’s what you need to know about home inspections.What is a Home Inspection?A home insp

Many homebuyers find it challenging to cover all the upfront costs, including closing costs, of purchasing a property in Colorado Springs. Imagine climbing a mountain without the necessary gear—daunting and nearly impossible for most.Help is available for understanding closing costs, charges, and ot

When the news of REcolorado’s sale to a private equity firm broke, it felt like an unexpected storm hitting a serene beach. The tranquil calm was suddenly pierced with uncertainty.This is what happened with REcolorado.On June 25, 2024, the news astounded the real estate community, including the loca

In the competitive real estate market, getting pre-approved for a mortgage is a crucial step that can significantly enhance your home buying journey. Here’s why obtaining pre-approval should be at the top of your to-do list before you start house hunting.5 Benefits to Getting Pre-Approved For a Mort

Owning a home is a cornerstone of the American Dream and for good reason. Beyond the pride of having a place to call your own, homeownership offers a variety of financial and personal benefits. Here’s why buying a home can be one of the best investments you make.Building EquityWhen you own a home, y

Picture a bustling marketplace where different vendors throng, each vying for the attention of discerning customers. In this scenario, the National Association of Realtors (NAR) settlement feels like a sweeping reform, instigating varied reactions and expectations from the diverse crowd. I’m unable

As we step into 2024, the real estate market continues to evolve, bringing new trends and challenges for homebuyers. Whether you’re a first-time buyer or looking to upgrade, understanding the current landscape is crucial for making informed decisions. Here’s what you need to know about home buying i

Are you aware of the recent temporary fix issued by the VA to allow buyer-paid broker fees as part of compensation to their brokers? This update is a significant step in ensuring fairness and adequate compensation for veterans using VA loans.On June 11, 2024, this update was announced.The temporary

I recently had the opportunity to travel to Canada to attend Exclusive Training for EXIT Realty Franchisees and Broker/Owners. As always anytime I m in the room with my EXIT Family it's inspiring, and most of the time life-changing. Why do you think that is (besides that big "I" part of my personali

DOJ: ‘Let me make you an offer you can’t refuse…’Navigating the real estate sea can be tricky, especially with the latest enforcement policies.The DOJ is adjusting course for agent commissions through stricter enforcement, impacting us all.Recent hearings touched on whether compensation offers shoul

VA’s Temporary Fix by June 12 2024Veterans looking to buy homes in Colorado Springs face a unique challenge in the real estate market, especially regarding real estate agent commissions.Here’s what’s happening.Due to VA policies, veterans cannot pay their realtors directly.Update on VA CircularThe u

Credit report costs are ripping off consumers: A closer lookMortgage lenders and home buyers in Colorado Springs face steep increases in credit report fees due to costs associated with TransUnion, Equifax and Experian impacting overall expenses.Consumers have noticed these fees have surged up to 400

When preparing to sell your home, staging can be a powerful tool to enhance its appeal and capture the interest of potential buyers. Effective staging not only highlights your home’s strengths but also minimizes any perceived drawbacks. Here’s how to stage your home for a quick and profitable sale.M