Ivywild School 1604 S. Cascade Avenue, Colorado Springs, CO 80905 Go out this Saturday, February 29, 2020 from 9:00 am-8:00 pm for the 4th Annual All-Colorado Film Festival. There will be over 40 short films with a bar and fresh popcorn! There will be comedy, sci-fi, horror, documentary and much more. For admission info click […]
Archives: February 2020
Dealing with Sellers
Buying a home isn’t a business — it’s personal. That’s why dealing directly with sellers, rather than through a real estate agent, can be tricky and uncomfortable for people who are on the hunt for a new home. For starters, going it alone and searching for potential properties can be a daunting task. One of […]
How Much “Housing Wealth” Can You Build in a Decade?
Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership. Below are three graphs depicting the most important data revealed in the study. How much […]
Homeowners over 65
What kind of properties are these?
It is the way the property is used that determines the type of property it is, not what it looks like. Based on the intent of the owner, the property could be a principal residence, income property, investment property or dealer property. A principal residence is a home that a person lives in. There can […]
Entry-Level Homeowners Are in the Driver’s Seat
One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020. Why is this good news for the homeowners? When prices appreciate, homeowners gain equity. In addition, […]
Colorado was named 2nd best place to retire!
The 30-year Option
The advantages of a 15-year loan over a 30-year include the obvious shorter term, usually a slightly lower interest rate and that equity builds faster. The disadvantages are higher payments that are required regardless of temporary personal economic conditions. If a borrower is experiencing unexpected expenses that make it difficult to make the higher payments […]
Removing a Person from a Mortgage
When two people decide, whether they’re married or not, to buy a home, they’re probably considering what a great idea it is. If later, they rethink the decision and determine to go their separate ways, simply deeding the home to the remaining person may not solve the potential liabilities. In the case of a marriage, […]