Wednesday, September 30, 2009

Is this the right time to buy a home?


It is the right time to purchase a house if you feel that it is affordable for you and it is an appropriate decision for you. These two requirements are more intricate than they appear. Buying a house is the most significant financial decision you are going to make in your life. While you are thinking about purchasing your first home, it is advisable that you avail the assistance of a financial advisor.

Should you purchase a house?

Any financial consultant might ask you a question that can leave you astonished: "Is purchasing a house the correct way to go?" Obviously, purchasing a house is a standard of living option. However, on certain occasions when you get a view of the overall financial scenario, you would realize this is a standard of living option that you are not able to afford.

A financial consultant may help you evaluate all the expenses concerned and ascertain whether it fits your budget. What are the costs that you have to relinquish for the purpose of buying your house? What is your status from the point of view of your career? Is there a possibility of your relocation to another country or city in the next 5 years? If this is the situation, then purchasing may not be the right decision.

Real estate market cycle

Similar to stock markets, real estate markets operate in cycles of ridges and troughs. You cannot depend on real estate like a growth investment at the present time. You are at risk because of this peak and trough cycles while purchasing your first home. When prices are on a high at the time of your purchase, it might take years for your home to reach the value to the extent of your payments for the mortgage. Do a little bit of research. Get in touch with an agent regarding the fluctuation trends of real estate prices in your locality for the last five years or so.

Certainly, rents can go up depending on the market situations, as well. When you are able to bear a mortgage for approximately the similar amount of your rent payments, there is high probability that homeownership becomes a favorable option.

Are you able to afford it?

A consultant may assist you in this context. A large number of young individuals purchase a house which is beyond their earnings. This happens as they only take into consideration the mortgage expenses and don’t think about the utilities, taxes, maintenance and reconstruction expenses of a house.

Following are the hidden costs involved in home ownership:

1. Legal fees

2. Moving

3. Taxes

4. Insurance

5. Home renovation

6. Utilities

7. Landscaping

At the time of buying your house, you have to think about either life insurance or mortgage insurance for shielding your partner in the event of your death. You need to observe in what manner this new and huge cost is going to influence your retirement savings.

As soon as you have acquired the knowledge of the overall expenses, you can shop around for a mortgage loan. You should give an idea to the lender about your affordability that has been suggested by the advisor. Ultimately, you have gained the confidence that the house selected by you is not beyond your earnings and it is the right time to buy a home.

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Buying a Colorado Springs real estate will probably be one of the most important decisions of your life. Hiring the services of a reputed Colorado Springs REALTOR can ensure that you get to choose from some of the best real estate listings in the market. And if you wish to invest in a Colorado Springs commercial real estate please contact Mike Stuard for all your commercial real estate needs.




Tuesday, September 29, 2009

Is Real Estate The Right Investment Strategy For You?


Smart investment strategies in real estate can help you earn good bucks. In fact, for quite a long time real estate has been a good source of wealth for several realty investors. But then, like any other business an investor must take judicious and efficient investment decisions to ensure profitable investment. Proper real estate strategies, for instance, under the present situation assists investors to figure out the strategy that can work for them.

Since in real estate business a huge capital is required initially, you must be in a fix deciding on the possibilities and returns. Following are a few convincing facts provided that can help you clear your doubts and worries.

These will list the answers to the ‘why’s in your mind as far as real estate investments are concerned:

• Cash inflow – The property or real estate that you buy may not necessarily start giving you cash returns exceeding the expenses. But if you have a careful strategy in place and map your progress well, the balance will soon tilt in favor of monetary returns, big time!

• Leverage – The monetary leverage that these kinds of investments allow is huge! If you can get a loan for the principal, buy the estate and ‘flip’ it over to a potential party, you can have bulging pockets with the difference that you collect. But this benefit has two factors controlling it – quality of the estate you are investing in and a loan that isn’t too heavy for you to repay, if the deal goes wrong. Risk is involved, but if you are confident enough in your investment capabilities, go forward and take the mantle. The rewards you will reap might exceed your own expectations!

• Debt Liquidation method – Instead of taking an official loan from the bank, obtain a no money down loan or move into a partnership with other people. Slowly as you repay, your ownership portion increases and after a period, you get a much larger piece of the pie than you had initially bargained for. The success of this strategy is also dependent on the intelligence with which you have made the investment.

• Value Appreciation – When you make the investment, you should be aware of the possibilities of appreciation of value for the particular estate or property. The more the potential of value appreciation, the better returns you might get on the long run. Apart from external factors such as the enhancement of the quality of neighborhood, access points and others (which you cannot control), you can also help aggravate the physical properties of the estate, which will help you make a better sale when you intend to do so with the real estate.

• Tax Benefits – Real estate investments has its share of mischievous benefits too! A load of tax avoiding pathways, albeit legitimate ones, are set open by real estate investments. Though this should not be the primary reason for you to take to real estate investments, it wouldn’t hurt to have this side-benefit as well.

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Investing in Colorado Springs real estate property is one of the best investment decision that one can make. Owing to the popularity of Colorado Springs, you may be in a position to get good return on your investment. Hire the services of a reputed Colorado Springs REALTOR to help you decide when to buy and when to sell for maximum benefits. If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.




Monday, September 28, 2009

Save Heaps and Enjoy the Experience by Selling Your Property Yourself


Generally people choose to sell their home by themselves for one of two reasons. First and foremost, nobody wants to pay the 6% fees charged by most real estate agents. Secondly, some people feel they could do a better job selling the property themselves and relish the challenge. Why not do it for both reasons?

It is a common misconception that agents do very little for the money. They show a few clients through the property and pocket thousands of dollars for their efforts. It is money for jam. In practice this is far from the truth.

Most sales representatives earn very little income and the industry relies on hopeful sales people who believe they are going to be successful. They work for next to nothing in the belief that they have what it takes to make it big and earn a huge income. Mind you, some agents do make very good money but they represent less than 5% of the sales reps. If the reps don't get the money, where does it all go?

o Prospecting for new listings

o Servicing existing listings

o Office and systems overheads

o Commission splits to the office

To be successful the sales reps need maintain a steady stream of new properties to sell. They need to be economical with the costs of selling but more than anything else, they must be able to close the deal quickly and efficiently to provide a win-win deal for all parties.

The top agents treat the whole process as a numbers game. They want to earn a salary of $X. However the average net commission earned is $Y. Therefore they need to complete the sale of X divided by Y properties. They also have figures that show how many phone calls, letter drops, home inspections etc that are needed on average to complete one sale. They have assistants to help with the bulk tasks and are not interested in more difficult properties. They leave those properties to the more enthusiastic, but broke, novices. Making money in real estate sales is a statistical exercise and has little room for emotion or 'belief in the property'.

Where the top agents do very well is in closing the deal. They help to take the emotion out of the situation and help the parties to make a good decision. It is not a situation where one party scores over the other, both should walk away pleased with the deal. This cannot be stressed enough. It is where novice agents fail and the situation is even harder for the person selling their own home.

Another serious consideration for the owner seller is the limited access to the most popular tools as the real estate websites. There are many web sites available to owner sellers but the reality is that very few people visit those sites whereas nearly all the buyers will visit the primary real estate managed websites. Therefore you are potentially locked out of the most effective means of advertising.

Never the less, the owner seller has some strengths to compete with the agents. While they want a straightforward sale, you will be prepared to go the extra mile to sell the property. You would be able to show all the benefits of the property and would be able to give detailed inspections as many times as it takes.

You would probably be more passionate than the competition. However this can be a double edged sword. While your passion could rub off on the buyers and make them more enthusiastic. It could also make you bitter and resentful when they criticise the property or make a low offer. In practice it is very hard to negotiate such a critical deal with a balanced sense of perspective. After all, we would all take the high option when given a range of appraisals for our property but a more sensible approach would probably be to aim for the mid point from the outset. But who does that? Remember, try to aim for a win-win deal.

Have a go and try selling by yourself but try to leverage your advantages as an owner seller e.g.:

o Take your time and provide the buyer with a better service

o Show the buyer why you love the property

o Be completely honest and open in your dealings, many people are suspicious of agents

o Share the financial benefits of selling by yourself with the buyer

Finally, it doesn't have to be completely one way or the other. There will be services available for owner sellers by specialist companies competing with traditional agencies. Also it should be possible to negotiate a limited deal with an agency to use their websites etc but still sell by yourself.

Be realistic, unemotional and with the right attitude you could be highly successful. Give it a try.

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If you wish to sell your Colorado Springs real estate property, you can find a good Colorado Springs REALTOR who will help you with your venture and take care of all the tedious paper work it involves. If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.



Friday, September 25, 2009

Commercial Investments for Businesses


Many companies are hoping to take advantage of the current economic situation by buying properties that have come on the market at prices that are very affordable. Is it a wise investment? Property has usually been an investment that if you hold onto for long enough, you can make a fair profit.

Many business buildings for sale are being advertised in ads and papers around the country. In big cities around the country, large commercial properties have begun to go up for sell as some companies are trying to raise capital to keep their organizations in business. This is an ideal time for other businesses that may have extra capital to invest in the commercial buildings for sale. Orchard provides comprehensive property management services –from building maintenance to accounting services.

If the properties being purchased are not being used, a caretaker will have to be put in place to ensure the property is being maintained. Some properties may cost too much to maintain so be sure to do the research before purchasing any commercial properties that may be empty.

If the property is being used but it is not at full capacity, you may have some concerns here as well. Depending on what the property sells for, will make a difference on how you may wish to handle the situation. Many companies are purchasing commercial buildings, turning around, and selling them a few weeks later. The profits from these transactions have been very high.

Even though the economy is on the downside right now, the economy will once again move back up. Our economic system operates on a cycle system and companies should feel confident in making back their money on purchases made today. The problem is waiting for the turn in the cycle. Commercial properties can be a long-term investment at this time.

Look at the many prospects that are available from business buildings and land for sale and see if your organization cannot profit from the opportunities.

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If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard and if you wish to buy a Colorado Springs real estate property all you need to do is find the right Colorado Springs REALTOR who will help you find a property that suites you best in every way.




Thursday, September 24, 2009

Tips for a superior home selling deal


If you ever want to sell your home the best, the foremost and finest way would be by hiring a listing agent which will be very helpful for selling a home. Selling home to a person who resides in the same city is easier when compared with a person who resides in some other state or country. To choose for the best listing agent you must interview them. You must at least approach to 2 or 3 you better understand which one is perfect for you.

The next step which is important for selling a home is to clean it and make all the necessary repairs and improving hold back demand. So that the buyer may get attracted to it and you may get a nice deal out of it. Look after your privacy while your home is on sale in the market. If you at all have pets in your house before selling it locate a new place for them to live.

The next part is to fix up an amount for sale. It must always be fixed up in such a way that buyers feels it worth paying. It must not be overpriced. Before fixing up a price you must do an analysis on the market situations so that it makes easier to price up your house based on the previous deals fixed up.

The next important part of home selling is marketing. It is key factor in home selling. Marketing brings your home in light; people will become aware of the selling of a home. The jingle used for the advertisement must be very attractive and of limited words. Make an online promotion with attractive pictures of your home so that people from other country who are searching for a home in your town can get information when they browse on the web.

The next important thing in house selling is to sell your home in spring season than in a winter season. Do not sell it in a holiday period as there is a chance of getting sold in lower prices. You will get many visitors to have a look at your house if you permit the agent to use the lockbox. After visitors have a look at your home asks them for suggestions and feed back so that you can adjust your terms and marketing campaign.

The other important key terms which should be focused are negotiation on purchase offers, open escrow, properly plan up the appraiser’s appointment; you must allow the buyer for the home inspection before that collect all the seller needed inspections. Make negotiations asked for repairs, ask the purchaser to release contingencies if he fails or do not agree to it you can cancel the deal at any moment and many other things.

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Hope thee tips help you sell your Colorado Springs real estate property. Hire a reputed and well established Colorado Springs REALTOR to help you sell your home fast. If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.



Wednesday, September 23, 2009

What Is Home Staging And How Might It Help Sell My House?


In the last few years, home staging has become an increasingly popular method of preparing a home for sale. However, home staging involves far more than the cleaning and minor repairs required to put your home on the market. The process of staging a home is actually an in depth dressing of a home to make the property seem as appealing as possible to prospective buyers. Home staging professionals use a variety of methods to help homeowners sell their properties, incorporating both amenities already inside the home and a number of special products. When preparing to sell your home, you may want to think about some of the home staging methods outlined here to help you find the right buyer.

At its most simple, home staging is about setting the right mood for prospective buyers. By decorating and arranging a home's interior to present an ideal way of life, buyers are assisted in visualizing themselves in your home. Whether you undertake the process of staging your own home or decide to consult a professional, there are a number of different "props" that may be used around the home. For example, to add a vibrant sense of life to the home, many home staging professionals recommend using different types of potted plants and arrangements of flowers and fruit. Throughout the home, they tend to utilize soft, luxurious fabrics - such as satin, lamb's wool and silk - to create an atmosphere of comfort. This process can also extend to the exterior of the property, where patio furniture can be added in the backyard and colorful flowers or unique accessories outside the front door.

Many home staging professionals come from interior design or art-related backgrounds. Hence, when working on staging a home for sale, these professionals utilize a number of visual tricks to capture the attention of potential buyers. For instance, furniture is always arranged very carefully to simulate the ideal living space. In living rooms, home staging professionals often use loveseats and ottomans in lieu of large couches to create the illusion of added space. Likewise, mirrors are often placed throughout a staged home to make the living area seem larger to potential buyers. In areas where you hope to focus a buyer's attention - like a hand built stone fireplace or a remodeled kitchen - staging professionals can place unique artwork or accessories to catch the eye.

One of the most important steps in home staging is the exchange of your personal decorations with more neutral furnishings. Beyond replacing family pictures with more design-friendly items, a successful home staging will attempt to eliminate any idiosyncratic tastes and represent a living space that has broad appeal. Though this process may feel like a slight on your family's home, you should hardly take offense. This commonly used tactic simply helps potential buyers view the property not as someone else's home, but as something they can call their own.

Most real estate experts claim that home staging is especially important when the home is empty. Without any furniture or amenities, even a home for sale in the most attractive area can make potential buyers feel uncomfortable. If you are trying to sell your home and have already moved out, you may want to consider working with your agent to stage the home's interior. With the assistance of your agent and a home staging professional, you could quickly transform a lifeless house into dream home.

In the end, home staging is about making the most of your home's potential. If the staging of your home is completed effectively, it is also possible that your home may receive better offers from potential buyers and spend less time on the market. By minimizing the flaws of your home and making the living area seem larger, brighter and more appealing, home staging may be one of the most important steps in selling your home quickly and at the right price.

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While selling your Colorado Springs real estate property, it will be wise to consult a reputed Colorado Springs REALTOR to help you represent your property to potential buyers, also hiring home staging professionals will no doubt double your chances of selling your property faster. If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.




Tuesday, September 22, 2009

FSBO Real Estate


FSBO real estate, or 'for sale by owner' is a great way to buy a home for many people. But just like with anything else, it has some problems itself that you need to be aware of. You can run into sellers who think they know how they should handle everything, and really don't. This can be a problem. But if you yourself are well prepared, then this can be a good opportunity for you. You need to know the in's and out's of FSBO selling.

The main reason sellers choose to sell their homes themselves is to avoid the agent commissions. This causes them many times to underestimate the actual costs involved by doing it on their own. Lots of FSBO sellers become frustrated with the process, and come way down on their price in order to be done with the whole thing. If you're armed with the knowledge of helping them with their problems, then you may find a great reward in the form of a great price for investing in their home. Here are some things to keep in mind:

(1). The seller is not an agent. So when you ask questions, you'll need to be a bit more tactful. Don't put them off with negativity. If the seller doesn't like you, it will be harder to get a good deal.

(2). The seller already thinks he/she is being smart going it alone. Fan that flame. If they have some good ideas about the house, applaud them. Good relations in negotiation is just good practice, and beneficial to those who are good at it.

(3). When you see most FSBO homes, they've generally been on the market for quite a while. This lengthy time frame is what wears the seller down, and causes them to lower the price and be done with it.

(4). Most FSBO sellers don't have any kind of a plan. They're not sure where to close or purchase the title, or where they should keep the good faith deposit. Be ready to answer all questions like this, and you'll find yourself in control of the transaction.

(5). Sometimes, if a problem is beginning to feel rough, then it's a good idea to let it go and come back to it later. Stay in the areas of good feedback and work at the problems from around the edges.

(6). Sellers will many times find that they've spent more than they thought they would. Newspaper ads and listings have eaten into their profit. This opens up an area for you to be able to show your generous side in negotiating the closing costs, while still getting your price.

A lot of real estate pros say, that most homes that are sold FSBO, will net the seller less in the long run than if they went through an agent. But it's usually too late for the seller by the time they realize it. They've already gone too far down the road with expenses to turn back, so they come down on their price. This is where you can step in and make yourself a really good real estate deal and investment.

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Colorado Springs real estate is a popular real estate investment option. Many people come to Colorado Springs to make it their home. Owing to its great weather, beautiful surroundings and convenient neighborhoods make Colorado Springs a popular destination for home seekers. A little help from a reputed Colorado Springs REALTOR can go a long in getting you a home that suits your style and budget. And if you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.



Friday, September 18, 2009

What to Look for in Foreclosures


There are so many foreclosed properties on the market, how can you know which one is right for you? Looking at many foreclosures can be exciting – these homes are often priced well below market value and therefore they seem like an amazing investment. Many are a great bargain, but to find the investment that is truly right for you in the long-term, consider looking for a few specific traits in every foreclosed property you consider.

One of the first things you will want to look for in a foreclosure, for example, is equity. Equity refers to the value of the home that is not encumbered by a mortgage. Foreclosure real estate is wonderful for helping you enjoy more equity because most foreclosed properties are sold with built-in equity since they are sold below market value. Let’s consider an example. Let’s pretend that you have found an HUD home that is worth $200 000. Since the home is being sold as an HUD foreclosure, it is priced at $170 000. The home offers you $30 000 in equity up front. This is important, as equity builds your credit rating and may qualify you for a lower mortgage rate as well. The more equity a foreclosure has, the better.

In addition to equity, you will want to find a foreclosed home with the potential for sweat equity. This means that you will want to find a home that needs some tidying up and maybe a few minor repairs that you can complete yourself or hire someone to complete for a small sum. Foreclosed homes that need a little work are often priced even lower, because the first impression they make on buyers isn’t perfect. By putting in a few weekends of work, you can often increase the value of these properties – and increase the equity in the home as well.

In addition to equity and possible sweat equity, you will want to look for a foreclosed home in a great neighborhood. You will want to find a foreclosure in a community with a low crime rate, good property values, and a good real estate market. It is usually not difficult to find such a community. Just look to where property rates are increasing and where everybody wants to buy. Buying a home in a nice neighborhood ensures that your property has good resale value. It also ensures that your insurance costs are small.

Even if you are buying a foreclosure home just as a primary residence, always consider the potential for profit when buying a foreclosure. If you had to sell the home or wanted to rent it out, would it make financial sense to do so? Find a foreclosed property that could make you money if you needed it. It’s a wonderful way to ensure that your new purchase safeguards your financial future.

One final thing you will want to find when buying a foreclosure is a motivated seller. A motivated seller is someone who wants or needs to sell a foreclosure quickly. For example, if a foreclosed home has been on the market for six months or more, a lender or HUD agent may be more willing to consider several offers on the home – even lowball offers. If you are purchasing pre-foreclosures, a homeowner may be very motivated to sell if the date for the foreclosure auction is soon. Look for sellers who are willing to consider all reasonable offers – this means that your offer might be accepted.

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Getting the help of a reputed Colorado Springs REALTOR can be the best way to find a foreclosed property in the Colorado Springs real estate market. You may find one that suits you best in terms of style, location and budget. If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.




Thursday, September 17, 2009

Real Estate Auctions: Find Great Deals On New Homes


There are innumerous cities in the U.S. where builders are holding new home auctions ... and not on the courthouse steps! If you want to find some good ones, just do a simple search on the Internet. You may also check with local builders, or call some of the real estate agencies in your area. Builders will sometimes use incentives to entice real estate agents to bring potential buyers. Typically builders will give real estate agents a percentage of the sale price when they bring in a closing buyer.

Another good place to check for new home auctions is through your county sheriff's office. Many new homes have been repossessed either from the builder or from the homeowner and are scheduled to be auctioned off on the courthouse steps ... really. Some counties have websites that specify homes that will be going up for auction by the sheriff's department, including the status of the sale, scheduled sale date, time of sale, case number, lien holder, attorney for the lien holder, phone number for attorney for the lien holder, homeowner's name and other information.

Determining whether the home is new will take a little bit of digging, however. You'll need to find out the case number, since the address of the home is recorded under the case number filed in the courthouse. Note the case number and call the civil division of the courthouse. A clerk in the civil division will be able to tell you the address of the property. Now, you need to contact the Registrar of Deeds and talk to a clerk there. The clerk will be able to tell you the details about the home, including the date it was built.

Although, you may be able to get a better deal through a foreclosure auctioned on the courthouse steps, some states allow the homeowner redemption rights for a period of time after the auction. Just because you are the winning bidder, doesn't mean you can take immediate possession of the home. You may still have to wait for the redemption period to end before you can take possession. If the homeowner is able to redeem the home, then you've wasted time, effort and maybe even money in the process.

Another option is foreclosures auctioned off by the lender. Lenders have been known to hire auction companies to conduct auctions of several homes they hold in the area. Real estate agencies may be privy to this information, so you may want to contact a few in the area for this information. The local major city newspaper is a great source for this information, too.

If you decide to go to a builder-held auction (or any home auction, for that matter), you'll need to be prepared. Oftentimes, the builder will schedule a date(s) for potential homeowners to preview the home. They typically require notification and details by a certain date of those who will be viewing the home during the scheduled preview. Once the auction date arrives, in order to bid you will need a notarized note from your lending institution or bank stating that you are financially capable of purchasing the home.

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Buying a Colorado Springs real estate? You can get help from a reputed and well established Colorado Springs REALTOR, who will help you with the entire process of buying a house. If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.




Wednesday, September 16, 2009

3 Steps To Finding The Perfect Piece Of Real Estate

3 Steps To Finding The Perfect Piece Of Real Estate



Are you looking to purchase a piece of real estate? Whether you are purchasing residential, commercial, or investment properties, you can use the 3 steps outlined in this article to ensure that you get the property you need.

Step One: Carefully Define What You Need

If you don't know what you want, you won't get it, as the saying goes. Sit down with a piece of paper and think carefully about what you plan to do with the real estate you purchase. Make a list of what you need and a list of what you want. Decide carefully what features are essential, which are important, and which are optional.

Step Two: Enlist Qualified Help

Once you know exactly what you need and want, it's time to get a qualified professional to help you locate and purchase the real estate. When choosing a real estate agent, consult your list - does the real estate agent have experience with the types of property that you need? Do they have access to the listings you need? Of course, you'll also want to ensure that they are professional, qualified, honest, dependable, etc.

Step Three: Do Your Homework

Once you have found a piece of real estate that may meet your needs, do your homework carefully. Check over your list to see how well the property meets your needs. Research any and all possible variables, such as the neighborhood, zoning, etc. Once you have completely researched the property, then you can consider buying it; but don't buy a property without doing all your homework!

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Buying a Colorado Springs real estate can be one of the most important decisions in your life. To make it easy, you can hire the services of a reputed Colorado Springs REALTOR who will help you find theright property based on your budget, style and requirements. If you have any questions about Colorado Springs commercial real estate you may please contact Mike Stuard.



Tuesday, September 15, 2009

How to find the best deals on foreclosed homes for sale online?

How to find the best deals on foreclosed homes for sale online?



Getting to acknowledge about foreclosure homes is the key to purchasing property at an affordable price. With an extremely huge amount of bank and government foreclosures offering very cheap homes for sale through online listings it is very necessary to have the right info in order to get the best negotiate and bargain available. The internet by far is the best tool for finding good deals on repossessed homes for sale and here are a great deal of necessary tips on finding plenty online.

• Filter info- Searching for a appropriate foreclosure property online may be a slightly daunting task because of the big number of properties on sale. At this point it is a really good idea to look for appropriate properties by being personal and peculiar to the location,budget and other requisites that you’re searching for.

• Search free listings- Apart from remunerated websites there are similarly a great deal of free websites that may be found online. even though these listings do not offer elaborate info on foreclosed properties it is a nifty way to start out searching for foreclosed properties before registering with a remunerated web-site.

• Find dependable sources- Because of the big number of houses for sale advertised on the web it is very necessary to get the right info that is altered in addition as comprehensible and exact. While searching for good in addition as cheap houses it is a virtuous and wise idea to go for websites listing bank owned foreclosures as they are extremely dependable and free of any liens.

• Take a subscription- Most listings offer top notch services at a really reasonable subscription cost ranging from a per month to a annually substance and basis. With each day updates and comprehensible databases on foreclosed properties,subscribing to a bank owned property listing helps filter info expeditiously according to complex and respective criterions such like location,size,neighborhood amenities and infrastructure etc.

• Contact customer help- There are complex and respective online websites that help you in choosing your property wisely by offering you a list of cheap houses for sale in addition as fixer upper home for sales in addition as guidance on purchasing pre-foreclosures and bank owned homes.

• Online sales- There are complex and respective bank owned properties available through foreclosures auctions which you may investigation and research on the world wide web by logging onto the bank's websites or one of the complex and respective auction websites before attending one personally or taking part in an online populace sales.

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Looking for some good deals online? You can visit the Colorado Springs REALTOR website to look through Colorado Springs real estate property listings, to find that suits you the best. And if you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.




Monday, September 14, 2009

Why Buy Pre Foreclosures?

Why Buy Pre Foreclosures?



Have you ever heard of the term pre foreclosure? Do you think that this means the same thing as a foreclosed property? If you answered yes to these questions you are not alone. But at the same time, if you answered yes you are not familiar with the advantages of buying pre foreclosures.

Pre foreclosures are properties that are in the final stage before they are taken back by the bank or lender. This means that the owner is still in charge of the property, but if they do not make any attempt to rectify their situation the bank or financier will repossess the home.

There are many benefits in buying pre foreclosures. The reason that most people miss out on these homes is because they do not know what they are, or how to find them.

The number one advantage of pre foreclosures is the lower price associated with such properties. The owner has to sell the house before the bank or lender takes it and is more inclined to listen to any offers that they receive. It is quite possible to find pre foreclosures that are up to 50% off of the market value.

In addition to the bargain that you can get on pre foreclosures, you will also be able to deal directly with the owner. This is an advantage because the buyer is in control during a pre foreclosure deal. If the home owner turns down your offer and fails to find another buyer, they will end up losing everything. If they manage to sell the home they can at least end up making back some money.

Finding pre foreclosures can be done in the same way as locating homes that that bank already owns. You can find them in the newspaper, online, or by calling the lender directly on the phone. It is really up to you, and you can base it on what seems to be most effective.

Compared to foreclosed properties, you would normally face less competition with pre forecloses. This increases the chance of getting a great price and ending up with the home of your choice.

If you are looking for a new home, don’t forget to check out these properties. Buying pre foreclosures can be very profitable.

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Colorado Springs is a great place to call home. The Colorado Springs real estate market is buzzing with activity with more and more people buying and selling homes. If you too are looking to buy or sell a home, you can consult the local Colorado Springs REALTOR to help you with the process. If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.




Friday, September 11, 2009

Tips To Make Your Move to a New Apartment Easy

Tips To Make Your Move to a New Apartment Easy



Once you have found a desired apartment, you need to plan and prepare yourself to move to the new place. Process of moving can be daunting and hard to manage, but it can be made less tedious by following few tips. Relocation requires time, effort and also endurance to move everything accordingly as per plan.

Tips for easy move to new apartment

Key for a smooth move to your new apartment is proper organizing, and planning. The following are few tips to make your move to new apartment little easier.

• Organize or plan in advance: Move to new apartment is not a simple task that can be done without organizing properly. Organize and plan the move to new apartment in advance like putting the stuff into boxes, labeling them and many more to avoid confusion and stress at the end.

• Take help from others: If you can’t manage the entire process of moving to a new place, take help from your family and friends or can take help from companies that provide moving services. If you decide to take help from professionals, read the documents carefully to know about their services while moving.

• Book elevator: Regardless of on which floor you’re ready to move, book the elevator in advance. Some apartments provide the elevator assistance but it is better to book it. During the busy times of the year, many people plan to move and want to have an elevator, so it better to book it on your name in advance. But before doing so, check with apartment manager about restricted timings for usage of elevator.

• Contact Utility Providers: It is an important thing to make the arrangements to turn on basic utilities in the new home. It can be transfer of services from old home to new one, which you want immediately after moving like TV and internet.

These tips can help you to move smoothly but always be ready for the unexpected. With advance planning, you can reset your new home without much pain. At the end, its takes some time to make new apartment feel like home, but with your abilities and patience, you can easily make it.

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These tips should help you make your move into your new Colorado Springs home that you just bought after browsing through many Colorado Springs real estate properties. A reputed and well established Colorado Springs REALTOR will help you find your dream home here in Colorado Springs, but when it comes to moving, you will have to do it yourself of hire services of moving professionals. For those of you who wish to invest in a Colorado Springs commercial real estate, you can contact Mike Stuard for all you commercial real estate needs.




Thursday, September 10, 2009

Top 7 Questions to Ask a Buyer Agent


Not all that long ago the concept of buyer agency (a real estate agent representing the buyer only in a transaction) was relatively uncommon to the real estate industry because, at the time, most agents represented the sellers of property or both parties.

Buyers of real property were in need of a real estate professional to represent their needs exclusively and buyer agency was born. Fast forward to today, there are tens of thousands of agents who represent buyers in real estate transactions so here are seven questions to help you find the right buyer agent for you.

1. How many homes have you sold in the past year? - The real estate industry is home to over one million practicing professionals and each agent can choose whether to work part-time or full time.

Sometimes you have an agent who may be licensed to help friends and family sell real estate and other times you have the full time professional who assists in the buying and selling of dozens of properties each year. Find out how many properties your buyer agent has participated in the sale of over the past 12 months to get a better idea of how much experience they have in today's real estate market.

2. How many times have you represented the buyer only in a home sale over the past year? - The representation ratio is as important to the agent's ability to help you as their overall sales experience. Ask your buyer agent how many times they have represented the buyer only in a real estate transaction because buyer representation and seller representation are two very different concepts.

3. What area do you sell the most homes? - When you begin looking for a home you will need to narrow down where your ideal living areas will be. Using an agent with extensive knowledge of the area you're most interested in will aid you in finding the right home much faster. There are many real estate agents who specialize in one county, city or even one town!

4. What's the most you have negotiated off a home's price in the past 12 months? - Part of being a buyer agent is negotiating the best price possible for your buyer client. When interviewing your buyer agent you should know what their most recent successes have been for other buyers because there's a very real chance you will see similar results.

There are agents who constantly push for the maximum possible price reduction before you purchase a home and there are also agents who will be happy if you buy a home at asking price without negotiating at all. It's your money and future so knowing their negotiating success is crucial to your investment.

5. What type of incentives are being offered by builders and homeowners right now? - During down markets you will find a lot of home builders and sometimes even homeowners who offer incentives to entice you to purchase their home. Incentives can range from the seller paying closing costs and HOA fees to car leases and free appliances.

6. Do you have a network of contacts that I can use to make my buying process easier? - Who your buyer agent knows really does matter. What happens if you need a new home inspector at the last minute? Having a solid network of contacts will help streamline your home buying process making it much less stressful for you.

7. How quickly can I expect a response from you? - A big concern for home buyers is what is going to happen once you do start the home buying process. Will your agent be available by phone, text or email? Will you have to wait three days for a response? These are important questions to ask before you choose your buyer agent.

Knowing more about your buyer agent will make you much more comfortable about working with the agent and give you a better relationship to candidly discuss aspects of home buying like sale price, contingencies and what to expect throughout the transaction.

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Your Colorado Springs REALTOR should be able to answer the above questions to your satisfaction to be able to help you sell your property. Colorado Springs real estate is like a hot selling cake, owing to its popularity as a tourist destination with great climate and beautiful scenery, many people come to Colorado Springs and make it a home. The Colorado Springs commercial real estate properties aren't far behind and if you wish to know more about the commercial real estate properties, please contact Mike Stuard.



Wednesday, September 9, 2009

Buying Foreclosed Property - 5 Great Tips that Will Help You Profit in the Current Financial Climate

Buying Foreclosed Property - 5 Great Tips that Will Help You Profit in the Current Financial Climate



The current financial climate has lead to an increase in mortgage defaults which puts the foreclosed properties on the market, often at a price well below market value. This would seem an ideal time to get into property investment, but before you jump straight in, there are some important things you really need to know. We will discuss these in this article.

Tip 1: Buying a foreclosed property is little different to buying any property, at any time. You need to research things like the best areas to buy property, property values and predictions, what you can afford, what you intend to do with the property etc. If you are buying as an investment, find out about the rental market in different areas, expected rent return, demand for rental property. Complete all your research before you start looking at properties, keep your list of results with you and refer to them when you are considering individual properties.

Tip 2: Organize your finance before you start to look at any property so that you are qualified to buy when you find the ideal property. A pre-qualified buyer has greater bargaining power when offers are being negotiated. Look for a lender who is experienced with foreclosures and understands the special requirements for this type of sale. When you are properly pre-qualified, there is less stress with the buying process.

Tip 3: Understand the laws and the process with buying foreclosed property. You need to know how the property is being sold - by auction, private treaty, open market etc. Make contact with a real estate agent who specializes in foreclosed property sales and increase your advantage. Look out for Sale by Owner properties in which you negotiate directly with the seller.

Tip 4: Stick to your game plan. If you have decided you want a four bedroom, two bathroom, double garage home, don't even look at a three bedroom, one bathroom, single garage house. The reason you spent time on research was to pre-determine what you wanted to buy, so keep to your plan. If there comes a time when you realize that your original decisions might need reviewing, do this at the appropriate time and not at an auction! You need to be happy with your purchase after the sale has gone through and there is no need to rush the process - there will be many more properties for sale.

Tip 5: Searching, short-listing, viewing and negotiating is a process that is the same no matter what type of property you are buying, the only difference being that you will be targeting foreclosures. It can be a long or short process but it takes as long as it takes. Don't rush into buying the first property because it seems like a good deal. When you find the right property at the right price, negotiate a better deal. Consider taking over the current mortgage, if you are dealing directly with the bank - they will look favorably at this at may lower the price.

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Colorado Springs real estate has quite a number of foreclosed properties for sale. It is best to consult your Colorado Springs REALTOR in finding you foreclosed properties that will suit your need and budget. If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.



Tuesday, September 8, 2009

Eight Ways to Add Value to Your Home

Eight Ways to Add Value to Your Home



"Two story brick traditional with 4 bedrooms, 2.5 baths, island kitchen, and large deck!" Sound familiar? We often talk about houses in terms of room count, along with a list of finishes, such as tile floors, granite counters, or faux paint. While this vocabulary conveys certain facts, it does not provide the tools to think about how to re-design a house in a fabulous way.

It is valuable to be able to make the decisions that transform a poor design into a house that is memorable, enduring, and widely appealing. To do this we need to go deeper than simply updating finishes or increasing square footage. We must think about how the structure shapes the feelings and experience of its inhabitants. In the words of Winston Churchill, "We shape our buildings, and afterwards our buildings shape us." When a house has design flaws, we know intuitively that it does not feel right. On the other hand, a well designed house can make us feel inspired, enriched, and touched by a sense of order.

We often see houses that have some elements in the structure and site that appeal to us, but cannot be lived in without remodeling. Often our clients say that they want to find a house with good bones (meaning good basic design), that they can update. The truth is that most houses have some good design and some bad design. Painting walls and updating fixtures will not cover bad design. You will need to think about the house in a deeper way. Use these design processes to help you make the difficult decisions that will result in a house that many people would love to live in.

1. Relate the house to the site.

Think about how the house integrates and interacts with the land around it. This awareness is a basic, but often ignored, beginning. The connection and interplay between interior and exterior spaces enhances both in a powerful way.

Manage the views from each window. Is there an undesirable view into a neighbor's home or yard? Is there a nice view that is blocked by a wall or fireplace?

Notice how the walkway leads to the street, where privacy is needed, where noise buffering is needed, how drainage will work.

A side area could be a private garden, accessible from the main bedroom. A front porch overlooking the street could bring the house into a relationship with the neighborhood.

2. Bring in natural light.

Houses can be transformed by adding windows and other light sources. Generous light feels safe and uplifting, and attracts people toward it.

Natural light raises the level of importance and the beauty of rooms. Light all main rooms from two sides, if possible, to reduce glare and balance the light. Use glass doors, windows, skylights, transoms, or light tunnels.

Keep passive solar techniques in mind as you add windows and shading devices. The control of solar energy for light and heat is fundamental for an efficient and comfortable home.

3. Break down hard barriers between indoor and outdoor spaces.

Glass doors, screens, and walls that slide open can create semi-transparent walls, forming indoor/outdoor spaces that have enormous appeal.

Breezeways, garden rooms, bay windows, and screened porches are spaces that people love. These bring people into contact with the outdoors, yet may be furnished in a comfortable way.

4. Think of outdoor spaces as large rooms.

When all areas of the site are thought of as living spaces, new ideas open up. These outdoor spaces expand the house by creating a sense of semi-enclosure in various ways.

Their edges can be defined by trees, fences, wings of the house or other buildings. For example, an outdoor room may be a shady natural space on the site enclosed by a line of trees and shrubs.

Outdoor living spaces can be courtyards, walled gardens, trellis covered breezeways, stone patios, or outdoor showers. Think about their use and connectedness to the house.

Often, we see an exterior space that is built as an isolated destination place - a second floor deck, for example. If you have to make an effort to go there, the space will not be used. Outdoor spaces are most used when they are on paths used by people coming and going. This is why a front porch is a very appealing design element. People naturally meet here, and the porch connects with neighbors walking by.

A popular outdoor living area is the backyard deck. This is often seems to be an afterthought, tacked onto the house. Can it be covered and screened?

5. Consider widening roof overhangs or adding propped shutters over windows.

This is a green building technique in warm climates, blocking solar penetration.

The view of the outside roof structure seen from inside the house evokes a sense of shelter and protection.

If possible, extend the roof in some areas to create covered porches or breezeways. Rooms that are simultaneously open and protected are very appealing.

Inside the house, exposed rafters, rustic beams, or wood surfaces on the ceiling create feelings of strength and character in the home.

6. Review traffic flow - a crucial, but often ignored, design element.

Walk down the paths that bring you inside the front door, then lead you to various rooms through the house, and again to the outdoors. Do they cut through the middle of living areas? When this happens the living area will never feel complete and comfortable.

Circulation paths should lead along the edges of main rooms, and efficiently to private rooms. A maze like floorplan creates a sense of wasted energy and confusion. Few exterior doors may result in a subtle feeling of being trapped.

Bring multiple uses to hallways and connecting spaces with bookshelves, windows or window seats.

Set apart the main entrance with details such as a covered place to stand, special doors, benches, or potted plants.

7. Compare the sizes of rooms in proportion to each other.

People have an intuitive sense of the correct hierarchy of spaces. Small living spaces will seem wrong when combined with large bedrooms.

Homes with awkward design can often be improved by removing walls to make one large space from several smaller ones.

Consider the use and function of each room. Is the room to be used privately, such as a bedroom, study, or library? Or, will the family gather here to cook and eat informally? Some houses include formal areas, others do not. Some have many rooms, others are very open. There is no right or wrong decision here. Houses that have a true and intuitive appeal have a clarity as to the function of each room.

8. Choose materials as an integral part of the design - not as decorator selections made at the end.

For example, structural materials can be exposed, or flooring can be used to connect and unify spaces.

Bring in the beauty and texture of natural materials. Use materials that offset each other - warm and cool colors, rough and smooth textures, solid and delicate walls.

Use materials to connect the house to the site - for example, a wood clad house surrounded by woods, or a stone house next to outcroppings of stone. Or, connect the house to the neighborhood with historic colors and siding.

Repeat materials and colors to unify the interior and exterior.

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Investing in a Colorado Springs real estate is one of the most important and the best decisions that you will be taking. Considering the popularity of Colorado Springs and its areas, your investment could fetch you good returns, depending upon the market situation, at a later date. A Colorado Springs REALTOR is the right person to help you find the perfect home of your choice based on your liking and of course your budget. Colorado Springs commercial real estate is also gaining popularity as compared to its residential counterpart and if you have any questions about the commercial real estate properties please contact Mike Stuard.




Monday, September 7, 2009

7 Reasons Why You Should Buy a Luxury Investment Property

7 Reasons Why You Should Buy a Luxury Investment Property



Investment properties are typically looked at as either flips or rentals at the lower end of the financial spectrum. An investor will buy something relatively inexpensively, fix it up and then sell it if the market is right, or rent it out. However, the luxury rental market can be quite lucrative and is often overlooked by many investors. A luxury property can be worth its weight in gold if bought at the right price and in the right location. So, if you're contemplating investing in real estate, or expanding your existing real estate portfolio shouldn't you consider buying a luxury home or condominium?

Luxury holds different meanings for different buyers. It may translate into a home with its own stretch of beach. Or a top-of-the-line condo along the fairway of one of the best golf courses in the world. Perhaps your idea of luxury is a secluded retreat where you can get away from it all. Obviously, there is no set definition for luxury to each and every investor, but there is certainly a difference in terms of location, price and features.

In any given area, the luxury properties will be on the high end of the sales price range. In some small town in the middle of North America a luxury home with all the bells and whistles may cost $400,000. But head on over to the Wailea area on the island of Maui where condominiums are easily found in the million dollar range and luxury properties, especially single family homes, will be well above that million dollar mark.

Of course, it's exciting to purchase a luxury home as an investment property. Doesn't everyone want to add high end homes to their real estate portfolio? But there are more explanations why buying a luxury investment property is a smart move, other than just the "feel good" aspect. Here are seven reasons why a luxury real estate purchase can work in your favor:

1 - Right now is the perfect time for an investor to buy! Real estate is a cyclical industry. Prices go up and prices go down. The market gets hot and properties are selling left and right. And then the market cools. That's just the nature of real estate. And currently, prices are extremely favorable to buyers. Not only are prices reasonable, but many sellers are very motivated and are pricing their homes to sell!

2 - Luxury real estate is a great long-term investment...it does not depreciate to the extent that other markets may. Yes, the market is favorable to buyers at this moment, but over the long run, you won't see the ugly drop in your investment. Meaning, you won't see your property depreciate by 50% or worse. Luxury properties tend to hold their value fairly well.

3 - Luxury properties are flexible! You can purchase it as your upscale getaway and then turn around and rent it out to travelers by the week or by the month. You can even rent it out annually until you plan to retire to your luxury property paradise. But the flexibility is there. Many investors are able to make it work financially buy renting luxury property out on short-term agreements with travelers or locals and then still take advantage of the property themselves.

4 - Luxury rentals are typically treated better by tenants. The reality of renting a property out is that people may not treat the property as you would. However, when you are renting out higher end properties you attract those who will care for the property.

5 - You can see a higher rate of return on a luxury investment property because you can rent it out at a higher rate. A property in a coveted location can demand a higher monthly payment from tenants.

6 - Luxury property is typically quite secure and can bring with it peace of mind. Gated homes or gated communities are the norm for luxury real estate. Depending on the community, there may even be a dedicated security force. Increased security is a great bonus in terms of protecting your investment and keeping you and your tenants comfortable, knowing that extra level of security is in place.

7 - If you own a business or network with other business executives, a luxury rental makes a great reward for business well done, or as a getaway for a business retreat. It can also be used as a perk for exceptional clients.

Imagine everything you could do with a luxury real estate investment! A wonderful place you can call your second home, in a paradise of your choosing. A relaxing getaway and a lifelong investment rolled into one!

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Buying a Luxury Colorado Springs real estate property is the best real estate investment today. Considering the popularity of Colorado Springs, you may rent the property or may even get good return on investment when the market is right. Contact your Colorado Springs REALTOR to show you some of the besr luxury properties in and around Colorado Sptings. And if you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.



Friday, September 4, 2009

Home improvement

Home improvement



Home improvement or home renovation is the process of renovating or making additions to one's home.

Types of home improvement

While it most often refers to building projects that alter the structure of an existing home, home renovation can include improvements to lawns and gardens and outbuildings like gazebos and garages.

Home improvement projects generally have one or more of the following goals:

Beautification and added features

  • Wallpapering and painting walls or installing wood panelling.
  • Adding new flooring such as carpets, tiling, linoleum, wood flooring, or solid hardwood flooring.
  • Upgrading cabinets, fixtures, and sinks in the kitchen and bathroom.
  • Replacing siding and windows
  • Improving the backyard with sliding doors, wooden patio decks, patio gardens, jacuzzis, swimming pools, and fencing.

  • Comfort

  • Upgrading heating, ventilation and air conditioning systems (HVAC)
  • Increasing the capacity of plumbing and electrical systems.
  • Waterproofing basements.
  • Soundproofing rooms, especially bedrooms and baths.

    Maintenance and repair

    Maintenance projects can include:

  • Roof tear-off and replacement.
  • Concrete and masonry repairs to the foundation and chimney.
  • Repairing plumbing and electrical systems.

  • Additional space

    Additional living space may be added by:

  • Turning marginal areas into livable spaces such as turning basements into recrooms, home theaters, or home offices -- or attics into spare bedrooms.
  • Extending one's house with rooms added to the side of one's home or, sometimes, extra levels to the original roof.

  • Saving energy

    Homeowners may reduce utility costs with:

  • Energy-efficient insulation, windows, and lighting.
  • Renewable energy with biomass pellet stoves, wood-burning stoves, solar panels, wind turbines, Programmable thermostats, and geothermal exchange heat pumps

    Safety and preparedness

    Emergency preparedness safety measures such as:

  • Home fire and burglar alarm systems.
  • Fire sprinkler systems to protect homes from fires
  • Security doors, windows, and shutters.
  • Storm cellars as protection from tornadoes and hurricanes.
  • Bomb shelters especially during the 1950s as protection from nuclear war.
  • Backup generators for providing power during power outages

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    Owining a Colorado Springs real estate can be one of the most important investment. Considering the popularity of Colorado Springs, these real estate properties may fetch you a good price in the long run depending upon the market condition. Many people who come to buy real estate properties get help from reputed Colorado Springs REALTOR to find the kind of property they are looking for. When it comes to investing in Colorado Springs commercial real estate, who else can help you better than Mike Stuard himself.



    Wednesday, September 2, 2009

    What is a Colorado Springs Short Sale?

    What is a Colorado Springs Short Sale?



    A short sale is the amount owed to the lender resulting from a difference in the mortgage amount and the sale price on a home. This type of sale happens when someone fails to send mortgage payments to the bank or another lender. Some banks are considerate and offer to help a mortgagor in deep financial troubles, by waiving some amount of interest and offering some discounts on the loan component. Another possible reason for this is that the property's price may have declined so much that the amount of the loan is much greater than the value of the property that the loan was used to purchase. In such situations, the property is put up for sale and the proceeds of the sale are directly transferred to the bank by the owner.

    The process for Colorado Springs area Short Sales is started by the loss mitigation department of the bank. This dept is an element of the recovery system of each lending firm and has the information to proceed on different sorts of recovery process, to recover loans disbursed to different individuals.

    Foreclosure is routinely a more accepted practice of recovering a loan, but given the present money crisis due to repossessions, there's a lot of acceptance to Colorado Springs short sales as well. There is a lot of opposition to short sale as lenders feel that individuals or firms purposely default and facilitate Colorado Springs Short Sales. These include home owner’s organization, who feel that short sales scale back the prevalent rates of property in the area of sale or even tax agencies that might prevent such sales.

    Even after the required documentation has been done and all charges have been paid, the bank can still barter with the seller to resume staying in the house by renegotiating the loan and conditions, including rates and reign. This steals the purchaser of valuable time and he has to begin the process of purchase all over again.

    Hence, this whole package of complicated systems makes Colorado Springs short sales a particularly sophisticated process and needs expert opinion to finish and secure the deal without any inconvenience and delay. There are some professional Colorado Springs short sale realtors who specialize in short sales, who can be of huge help to ensure a hassle-free transaction.

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    Buying a Colorado Springs real estate can be just the begining of a great new way of life that you have been waiting for. there are some great real estate properties to choose from here in Colorado Springs. Many people come looking for homes for sale in Colorado Springs each year. Splendid climate, breathtaking scenery and great neighborhood make Colorado Springs a popular option for even the first-time home buyers. If you are considering moving to Colorado Springs, contact a reputed Colorado Springs REALTOR to help you find a home that will suit your style, taste and budget. If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.

    Tuesday, September 1, 2009

    Home staging - Techniques

    Home staging - Techniques



    Home staging is the act of preparing a private residence for sale in the real estate marketplace. The goal of staging is to make a home appealing to the highest number of potential buyers, thereby selling a property more swiftly and for more money. Staging techniques focus on improving a property's appeal by transforming it into a welcoming, attractive product that anyone might want. Many people believe that staging raises the value of a property by way of reducing the home's flaws, depersonalizing, decluttering, cleaning, improving its general condition and landscaping. For vacant homes, prop or staging furniture is used to create a living space where the buyer can imagine themselves living. Properly executed staging leads the eye to attractive features while down-playing flaws.

    Techniques

    Many techniques are used to stage a property. De-cluttering, depersonalizing, updating old or unattractive fixtures, painting, furniture rearrangement, rental furniture and accessorizing are just some of the changes used to make a home more appealing to potential buyers.

    Since a typical home buyer decides if they are attracted to a home or not in the first 8 seconds of seeing it[citation needed], curb appeal is generally viewed as a vital aspect of the staging process. Therefore, curb appeal, the practice of improving a home’s exterior appeal, is used alongside interior improvements.

    It has been shown that homes containing furniture and accessories sell more quickly than vacant homes, because the potential buyers realize what can actually be done with the space, by giving each room an identity and purpose. They may realize that the room is actually a lot larger than it would look without furnishings. Rental of furniture and decorative accessories are a common solution when selling brand new properties that have never been occupied, or those where homeowners have already vacated the property.

    Spaciousness and light often determine the success of a staged home. Typically, the larger a room appears, the better it will seem to home buyers. Dark, tight spaces create a poor impression and may prevent the home from selling. Furniture layouts should create an impression of openness and comfort. Non-essential items should be removed to minimize crowding and clutter. Opening curtains and blinds to let in natural light and turning on interior and exterior lights at nighttime are also common staging techniques.

    One school of thought suggests that wall treatments and flooring are most appealing when presented in neutral colors and subtle patterns. Paint colors should be neutral whenever possible, as bright or bold colors and strong patterns detract from the universal appeal of a space.

    Religious items, personal photos, awards, certificates and cultural items are often removed to downplay the presence of current homeowners. This helps potential home buyers to not only feel more at ease during viewings, but allows them to focus on the property itself while also imagining their own belongings in the space.

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    Hope these home staging techniques help you sell your Colorado Springs real estate. People looking for homes for sale in Colorado Springs look out for homes that are well-kept and pleasing to look at. One must feel welcomed when you enter a home. Your Colorado Springs REALTOR shoudl also be able to suggest you some of his/her techniques of home staging. If it's a Colorado Springs commercial real estate you need to stage, you may contact Mike Stuard to help you with all you commercial real estate needs.