Real Estate Information Archive

Blog

Displaying blog entries 1-6 of 6

Why Hire a Realtor When Buying a Home?

by Jason Daniels

Why should you hire a real estate agent to help you purchase a home? I have five reasons to share with you today.​
 
Selling your Colorado home? Get a free home value report  
Buying a Colorado home? Search all homes for sale
 

If you think you don’t need an agent to buy a home, think again. Here’s what a real estate agent actually does to help you throughout the home buying process:

1. An agent will help you determine what your needs and wants are before you even start looking at homes, which is very important in this fast-moving market.

2. The agent will help obtain financing and a pre-approval from a good local lender that can get you to the closing table.

3. Your agent will help you navigate through all the paperwork and regulations. In Colorado, the contract is over 16 pages long. That does not include the additional 15 to 20 pages of required disclosures.

4. An agent will negotiate on your behalf and in your best interests. If you don’t work with a Realtor, there is no neutral third party to help you through the process. You will be emotionally tied to the property, and the other agent and the seller will be able to read that. As a result, you won’t have any leverage during negotiations.

5. Your agent can provide valuable information about the neighborhood and the area. They will let you know about abandoned underground mines, areas with bad soil, and other details that local agents know that you may not, especially if you are from out of town. 

"We will coordinate everything in the transaction for you, from A to Z."

Overall, your real estate agent has valuable experience that can help you throughout the entire transaction. Finding a home that you like is just one piece of the pie. Getting the house under contract, negotiating the best deal, and then getting through the inspection and the appraisal to the closing table takes a lot of work.

As your real estate agent, we will coordinate everything for you from A to Z. Let us do the work for you. You won’t have to pay us a dime, either—the seller usually pays the buyer’s agent’s commission.

If you have any other questions about buying a home, please don’t hesitate to give us a call or send us an email. We would be happy to help you!

What’s the Best Home Search Site for the Colorado Springs Area?

by Jason Daniels

I have a website to show you that offers full, complete access to every available home for sale in our market.​
 
Selling your Colorado home? Get a free home value report
Buying a Colorado home? Search all homes for sale
 

Where’s the best place to search for homes online in our Colorado Springs market?

There are many websites out there that show a lot of homes available on the market. However, many of them either don’t show all of the available homes on the market or they show ones that are already under contract.

Sites like Realtor.com and Zillow don’t have a direct feed into the MLS. Lately, the MLS has even pulled out of sending information to those sites, so they’re now featuring even fewer listings.

Where can you find full, complete access to every home listed for sale? You can do so at ColoradoSpringsTopHomes.com. You can navigate through the site and see every available home. You can also create custom searches to fit your needs for bedrooms, bathrooms, school districts, etc. 

"This website gives you the entire MLS at your fingertips."

This is the most comprehensive website for home searching in the entire city and greater Pike’s Peak region. It gives you the entire MLS at your fingertips.

If you have any questions about this site or you want some help getting your custom search started, don’t hesitate to give me a call or shoot me an email. I look forward to hearing from you. 

You Could Afford a Home for Less Down Than You Think

by Jason Daniels

Is it still possible to purchase a home for little to no money down? The answer is yes, and there are actually a few different options out there.​
 
Selling your Colorado home? Get a free home value report
Buying a Colorado home? Search all homes for sale
 

Buying a home with no money down is still possible. There are six ways to buy a home with little or no money down. 

Here in Colorado Springs, the most prevalent is the VA loan. For this product, you must have had at least two years of military service or have a spouse who has served. This program will allow you to purchase for no money down.

Another product which allows for 0% down is the USDA loan. However, this loan is location-specific, so keep that in mind. 

First-time buyer programs can also be a great help. These programs, such as CHFA (Colorado Housing and Financing Authority) and El Paso County Turnkey, will either gift you the down payment or finance it at 0%.

"There are a number of programs specifically designed to assist first-time homebuyers."

FHA financing is another, more traditional method of obtaining a lower down payment. This particular program allows you to put just 3.5% down, and are slightly more forgiving toward lower credit scores. 

Credit unions and banks actually have a number of specific programs designed to assist first-time homebuyers in purchasing property for little or no money down. 

There’s also the route of a conventional loan. Conventional loans typically allow buyers to get into a home for as little as 5% down, though some banks will allow first-time buyers to put down just 3%. 

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Buying a Home for the First Time? Here's How to Stay Protected

by Jason Daniels

If you’re about to make the jump into homeownership there are a few key things you need to consider. Thinking about these things will help protect you as you dive into the process.
 
Selling your Colorado home? Get a free home value report
Buying a Colorado home? Search all homes for sale
 

Buying a home for the first time can be a confusing process. There are a few things you need to do to protect yourself when you make the jump into homeownership.

The first thing you need to do is to find and work with an agent who understands your needs. This will be essential to a smooth transaction. It’s also important that your agent has experience in the area you want to buy in. Working with a quality agent is perhaps the most important aspect of the entire transaction.

Secondly, make sure you get preapproved from a reputable local lender. This will help you make sure that you are able to compete with other buyers, even those who are making cash offers.

Don’t pressure yourself into overspending on a home. You should always feel comfortable with your monthly payments. 

"Working with a quality agent is perhaps the most important aspect of the entire transaction."

Also, know your priorities before you start shopping. Consider what kind of floor plan you might want, as well as the number of bedrooms and bathrooms you’re looking for. Factors like these, as well as thinking about school districts, crime rates, and square footage, will help you narrow down your search.

The fourth thing you need to do to protect yourself is to understand current market conditions. Our market right now is red hot, so it’s important to understand how the process works when you go into it. Once you make an offer, your work isn’t done. At this point you’ll still need to get a home inspection.

A home inspection is going to help protect you against buying a money pit. Here in Colorado we’re known to have a lot of homes with structural soil problems, for example. It’s important to know what kind of home you’re buying before you go through with a transaction.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Why Rent When You Can Buy?

by Jason Daniels

Making the leap from renter to homeowner isn’t as treacherous as you think. Homeownership offers many benefits that renting doesn’t.

Selling your Colorado home? Get a free home value report
Buying a Colorado home? Search all homes for sale

 

Why buy instead of rent? Here are a few facts that demonstrate why it’s much wiser to buy and own your own home. 

First, rent prices in Colorado Springs rose more than 11% in 2016 and continue to rise in 2017. In fact, the latest Colorado Springs Gazette article states that prices have risen 10.5% in the first quarter alone. The average rent for an apartment is slightly more than $1,100 per month, while the average mortgage payment for a house is also $1,100.

When you own a home, you have more freedom to do what you want. There are also considerable financial gains to owning a home. For example, you will get a tax benefit for your mortgage interest deduction, and your mortgage payment will stay the same over a long period of time instead of rise as rents are prone to do. 

"Wouldn’t you rather own a home with your own yard instead of rent an apartment?"

Lastly, studies have shown that the average homeowner is worth 45 times more than the average renter. The only caveat to purchasing a home is you must make sure you will live in that home for at least three to five years so the purchase makes sense.

Why not get started by building equity in your home and building your wealth?

If you have any questions about the benefits of owning a home or you’re thinking about buying or selling a home, don’t hesitate to reach out to me. I look forward to speaking with you. 

Four Ways to Avoid Headaches When Buying and Building a New Home

by Jason Daniels

Selling your Colorado home? Get a free home value report

Buying a Colorado home? Search all homes for sale


When buying or building a new home, many things can go wrong. In order to help you avoid a catastrophe when making your move, here are the top four things you need to keep in mind:

1. Make sure you have representation. When you walk in to the builder's model home, the sales agents inside work directly for the builder and their job is to protect the builder's interest, not yours. When you have a Realtor represent you, they can help you negotiate the best deal and the best possible terms, they can help monitor the process, and can help you by serving as an extra set of eyes looking for mistakes in the transaction.

2. Don't over upgrade for the neighborhood you're purchasing in. The sales agents in home improvement stores and model homes are based on bonuses and commissions, so they are not looking out for your best interest. You need to avoid over upgrading for the neighborhood you're in, as you may be unable to make that money back. 

3. Check on the progress. You don't want to get in the way of the contractor or the home builder, but it's nice to know what's going on at the job site. When you work with us, we'll drop by the job site to talk to the buyer about how progress is coming along. You want to make sure you're comfortable with your choices before the process is too far along to change them affordably. 

4. Make a list and submit it to the contractor within 12 months. You need to get this list to the builder in writing before the 12-month period is up because there are some builders in town who will not help you after that first year has passed. 

"We have a lot of experience with newer builds and would love to make the process go as smoothly as possible."

If you have any questions about buying a new property, especially if it's new construction, please don't hesitate to reach out to us. We have a lot of experience in newer builds and would love to make the process go as smoothly as possible! We hope to hear from you soon!

Displaying blog entries 1-6 of 6

Share This Page

Contact Information

Photo of Jason Daniels & Associates Real Estate
Jason Daniels & Associates
Jason Daniels & Associates at RE/MAX Millennium
9362 Grand Cordera Pkwy Suite 100
Colorado Springs CO 80924
(719) 966-1500
(888) 351-1099