Colorado Springs Real Estate Update

Lowest Mortgage Rates Since 1950s

Home buyers are getting another boost this summer with incredibly affordable financing. The average 30-year fixed-rate loan dropped in June to 4.69 percent, according to Freddie Mac. These rates are the lowest on record for the 30-year loan, and comparable with the shorter 20-year home loans offered in the 1950s.

These low rates offer today's buyer significant purchasing power. Through low interest rates and affordable monthly loan payments, many buyers will realize even greater savings than the $8,000 tax credit offered earlier in the year. Contact us today for more information on this favorable buyers' market!

Sellers: Get Your Home Ready For Sale

When preparing your home for sale, a number of simple cosmetic changes often provide the biggest return on investment. Here are three tips to upgrade your house without breaking the bank:

  • Bring in the light . The right light creates the right mood. Adding lights to dark rooms can make your home feel warm and inviting. Bring outdoor light inside by opening curtains and installing economical suntubes.
  • Create Space. Many of today's buyers are looking for open rooms. Consider removing unwanted walls to make your home feel more spacious. Buyers will often pay a premium to get a bit of extra room.
  • Replace Flooring. Get rid of that old carpet in the den and replace it with today's newer hardwoods and laminates. You don't have to spend a lot to make a big impression!

These simple tips can help you sell your home and take advantage of today's market. Please contact us if you have any questions about selling your home. We are here to help!