Qualifying for a mortgage can be explained with 4 C’s.  Capital indicates the borrower has the necessary funds for the down payment and closing costs without exhausting their savings.  Capacity shows that the borrower has the ability from income to pay back the loan.  Credit history reveals the borrowers FICO score, which is a composite […]

We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than […]

The Wild Goose Meeting House 401 N. Tejon, Colorado Springs, CO 80903 Don’t miss the hour long tour that will introduce you to Downtown and historic landmarks of Colorado Springs. This months topic is City of Sunshine. These tours are monthly or you can reserve your own private tour of 10 people or more. Next […]

What do you think the motivating reason would be for the 5% of all homebuyers who chose not to work with an agent but instead conducted their own home search, contacted the seller, negotiated the contract, located their financing, arranged their inspections and all of the other services provided by REALTORS®?  Most people would probably […]

If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload […]

Ideally, what every owner wants when they sell their home is to get the highest possible sales price in the shortest period with the least inconveniences.  They may not realize that’s what they want but if you ask enough questions, they are the three most common expectations. Even when REALTORS® put their home on the […]

If you have a mortgage on your home, your total house payment may include 1/12 the cost of the annual taxes and insurance.  Those amounts are held in an escrow account so the lender can pay them when they become due. The most common reason an escrow account shortage occurs is that taxes and insurance […]

The headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a home because there is a shortage of homes available for sale […]