The Benefits of Home Ownership and WHY it MATTERS

Call 719-362-9702 to Speak to Gail Sutton, Broker, Realtor, Owner at www.GailSuttonProperties.com For More Information and
To Search and Preview Homes In The Colorado Springs, Colorado Region.
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FREE Home Valuation Report Here

Popular Neighborhoods To Own a Home In Colorado Springs

Here are Some Of The Most Popular Neighborhoods To Live In Colorado Springs, Colorado

Local vs. National Home Values

Colorado Springs Summary
The median sales price for homes in Colorado Springs CO for Oct 13 to Jan 14 was $190,000. This represents a decline of 7.3%, or $15,000, compared to the prior quarter and a decrease of 5% compared to the prior year. Sales prices have appreciated 5.6% over the last 5 years in Colorado Springs. The average listing price for Colorado Springs homes for sale on Trulia was $309,545 for the week ending Jan 22, which represents an increase of 0.1%, or $341, compared to the prior week and a decline of 2.9%, or $9,261, compared to the week ending Jan 01. Average price per square foot for Colorado Springs CO was $148, a decrease of 3.9% compared to the same period last year. Popular neighborhoods in Colorado Springs include Powers, Southeast Colorado Springs, East Colorado Springs, Briargate, Central Colorado City, and Northeast Colorado Springs.

Home Valuation Report Click Here
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Call Gail Sutton, Broker, at Gail Sutton Properties, Colorado Springs, Co. For Information or to View Properties at 719-362-9702 or visit www.GailSuttonProperties.com

Your 2014 Resolutions For First-Time Home Buyers

If you’ve promised yourself you’ll become a homeowner for the first time in 2014, we’ve got five, easy-to-accomplish resolutions to help get you there.

 

 

 

 

 

 

 

1. Boost Your Credit Score

Your credit score will play a key role in your mortgage approval and rates. At the beginning of the year, order your credit reports from  a free service authorized by federal law. Go over each report, dispute any errors, and pay off old debts.

In the meantime, avoid big-ticket items such as cars or furniture and don’t apply for new credit. Jon Sterling, a regional sales manager for real estate offices in Northern California, says, “An inquiry itself causes a credit score to temporarily drop, and acquiring more debt by buying something, or the capacity to acquire more debt by opening a new credit account, can have dramatic effects on [your] mortgage situation.”

2. Save Up to Put Down

According to Sterling, you’ll typically need a 20 percent to 30 percent down payment to qualify for the best mortgage rates. At the beginning of the year, try cutting optional expenses to save more. For example, cutting out an $85 cable bill will save you $1,020 in a year. Remember, every little bit helps you avoid higher interest rates or private mortgage insurance.

3. Find the Best Real Estate Agent

Finding a great real estate agent takes time but will pay off in the end. Sterling recommends you find a buyer’s agent who “can give you a few recent testimonials from happy buyer clients. Be sure to check those references to be sure they are legitimate.”  Ask  Gail Sutton, Gail Sutton Properties how she can help you.

4. Get Pre-Approved

Knowing what you can afford, what you qualify for, and what type of loan you want can help you find the best deal when you’re ready to apply for a mortgage. To get started, research the differences between conventional and unconventional loans and use a mortgage term comparison calculator to get an idea of the cost. When you’re ready to shop for mortgages, contact  Gail Sutton, Broker l Realtor   to see current rates and get quotes from lenders in your area.

5. Find Your Dream Home

Sterling says potential home buyers should be “reading and researching as much as they can” as soon as they can. Don’t wait until you’re ready to shop to start looking at homes. Start early by researching neighborhoods in your target city and viewing homes online to get an idea of pricing. Once you’re ready to shop, you’ll have a much better idea of what you want and what you can afford.

 

 

 

 

 

 

 

Think you might be ready to buy?  Visit our site to explore the home buying process at your own pace. On your own terms. Go to www.GailSuttonProperties.com and click on FREE PROPERTY SEARCH.

For additional information and to get all your questions answered, call Gail at Gail Sutton Properties,                  

719-362-9702 Today.

 

To Sell Your Home You Have To Price & Market Your Home Right!

If you are interested in selling your home, we are offering a Free Market Analysis for Sellers Including; Property Value, Marketing Plan / Conditions, Time and Costs. Go Here http://bit.ly/1kkfATF

Gail Sutton would like to advise you that overpricing your home is a grave mistake and also an all too common one in the real estate market. It is important not to let the realities of the market in your area be shadowed by rays of optimism. It is one thing to set and visualize the price that you want to sell it at and hope the right person will come along, and yet another to offer the home at a price point that is guaranteed to draw buyers.  
Gail Sutton want you to avoid “the kiss of death” by having an overpriced home on the MLS (multiple listing service online where homes for sale are advertised) for too long. This is because homes that are seen lingering for two long in virtual space are perceived as having something wrong with them even if there is no problem with the home at all, it’s called “market age”. The average number of days a home stays on the market in your area is called the DOM. The DOM (stands for Days on Market) is easy calculated within the MLS you are using. An experienced realtor can easily calculate this for you. The idea is that if your home is on the market past the average DOM for your area, then it is quite likely that you have priced your home too high. 
The longer it stays on the market, the more overpriced you can consider your home to be. Homes that are up too long on the MLS don’t usually get offers from buyers. Many buyers are reluctant to insult the seller by offering a price that is considerable lower than what is being asked. This is why many sellers never really find out, until it is too late, that their homes are priced too high. Buyers also assume that other people have tried to get you to lower the price and that you have said no. The assumption is that you are holding on to your high price out of honor or because you really need the money and that is why the property has been online for so long. 
Yet another reason that overpriced homes do not sell is because many of the buyers shop on MLS and use filters to search for the homes that are within a price range appropriate for a certain neighborhood. The buyer may be aware of how much homes go for in your area and set their search preferences on the MLS for a house in your area that is within the boundaries of what they want to spend. Your overpriced house will not show at all in the listings because of the buyer’s MLS filter preferences and for that reason alone you will never ever get a bid on the home.
See More at www.GailSuttonProperties.com 
Gail Sutton has a good idea of what homes are selling for in the area and can help you price the house in a competitive way that is sure to get you a good deal. 
Give Gail a Call For Help, Advise, and More Information at 719-362-9702 
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