First-Time Home Buyers

Tips, articles, and advice for first time home buyers in Colorado.

Found 42 blog entries about First-Time Home Buyers.

Colorado Springs Area 5 Year Real Estate Appreciation by Zip Code

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Colorado Springs and the Pikes Peak region have experienced positive appreciation in our local real estate market within the last 5 years. Some areas have appreciated more than others. This article is designed to inform you of which areas have experienced the highest rate of appreciation. This data was gathered from our local Multiple Listing Service (MLS) through Pikes Peak Association of Realtors. Here's a look at the last 10 years of sales in the Pikes Peak region.

 Colorado Springs Median Home Values Over 10 Years

Notice the dip in the median home value between 2007 and 2011. That's when our national housing market crashed during the recession. Notice how we have appreciated every year since 2011. In 2013, we were back at the same median home

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What to expect on closing day when buying a homeWhen is our closing date? Do we meet at the house for closing? Will we be able to get the keys and move in on the closing day? How long will the actual closing take?

These are some of the questions I’ve been asked as a Realtor® from my clients. Sometimes people are buying a home for the first time and have no idea what to expect. Other times, buyers have bought a house in another state and the closing process may be completely different. In this article, I’ll quickly explain what to expect at closing if you’re buying a home in Colorado.

Where are we closing?

Where are we closing?Closings generally take place at the title company that has issued the title policy for the home. This is a neutral place that has access to technology, so documents can be signed, emailed

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12 Pros & Cons of Buying a Home in the WinterIf you ask most real estate agents about the best time to sell your house, you'll likely hear "in the spring and summer months.” In Colorado Springs, our real estate market's overall sales nearly double from winter to summer. For this reason, there is a big difference in sales between these times of the year. 

For most cities, the summer months tend to have many more homes sold than the winter months. This causes some people to think that the summer is the best time to buy or sell, but it's more complicated than that. A townhome downtown might not have a problem selling in the winter, while a 5-acre horse property may have little chance of selling. It really depends on the unique circumstances of each deal.

This article is not meant to persuade you

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Pros and Cons of Buying and Older HomeThinking of buying an older home? Read this first…

“We’ve found a beautiful Victorian home near downtown. All we need to do is replace the kitchen, wraparound porch, heat system and windows… our budget is $700.”

There is the Romantic idea of what it would be like to live in a charming old Craftsman Bungalow on a tree-lined avenue near downtown…

...and then there is the Reality of what it’s like to own and live in one (and it’s not always as charming as HGTV makes it out to be).

Our hope is that this will be a simple guide to help you make the best decision. This article is not designed to steer you in one direction or the other, but rather to give you some practival examples and useful case studies to make an informed decision on your own.

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While new innovation seems to be sweeping many industries across America, consumers would say that it has not swept the home building industry. The market is still flooded with home builders who are building to the exact same standards and styles that are years, sometimes decades, old. CreekStone Homes in Colorado Springs is looking to change consumer’s expectations of how a home should be built. Their ComfortBuilt™ Home is how they plan to do it.

For years, CreekStone Homes have had excellent home designs, which has caused them to become popular in the Colorado Springs area. Now, they are adding to their awesome designs by signing an exclusive agreement with Owens Corning to build a much higher overall build quality product. It will not be an “option”

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Who Pays Realtor Fees When You Buy a House?One of the most common questions that I hear when I am working with first-time home buyers is, “How does a Realtor get paid?” According to the National Association of Realtors, 88% of home buyers used a real estate agent when buying a home and approximately 91% of homeowners used a Realtor to sell their house in 2016 (click here to view the statistics). Based on these numbers, it’s obvious that there are many people working with Realtors every day. There are also predicting that the “Gen Y” homebuyers will be entering the real estate market with a bang during the next few years. This means that an influx of home buyers will be entering the market for the first time. Many of these first time home buyers have no idea what a Realtor actually does, or how

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Should I Buy A Rancher or a Two Story HomeWhile showing properties, I often get this question from home buyers: “What are some differences between buying a ‘Rancher’ versus a ‘Two-Story’ home?” These are the two most common residential home styles in the Colorado Springs area.

If you’re from another part of the country, you may have a different idea on what a “Rancher” is. Other State’s soils and elevations require completely different foundation types, which means they have completely different floor plans. If you're new to the Colorado area, you’ll appreciate this info.

What’s a “Rancher”?

A “Ranch“ style home in Colorado is simply a home with a main level and a basement. In Colorado, “Ranchers” are extremely common. The confusing part for home buyers coming from areas without

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8 Steps To Get Out Of Debt And Buy A House

This is a guest post from our friend and fellow real estate professional, Tony Mariotti, founder of RubyOne Mortgage Company.

Ask a loan advisor or real estate agent what they find satisfying about their career, and many will say how rewarding it is to help people buy their first home. If you ask those same professionals about the biggest challenges for first time home buyers, and they’ll bring up two sticking points:

  1. Buyers often carry too much debt
  2. Buyers don’t have enough cash saved for a down payment.

These are two sides of the same coin. If you want to buy your first home, the goal is clear: get rid of debts that create a drag on your ability to save up for a down payment.

Mentally, we all know we shouldn’t spend more than we

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How Do Human Emotions and Logic Effect Which House We Buy

When people shop for a house, there are predictable behavioral patterns that occur throughout the process. The internal struggle between emotion and logic is common with home buyers. Everyone wants to buy a home that they love AND that has great features for resale. The challenge for home buyers is to find that perfect balance between what's practical and what's charming.

Emotion and logic are two human traits that are at odds with each other when shopping for a home. The struggle is real. Knowing how each trait can affect your decision making process while shopping for a home can help ease stress and allow you to feel in control of the buying process.

There are unique variations of the "emotion versus logic" battle. Sometimes the tension is

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This step-by-step guide will walk you through each step of the home buying process. Use it as reference and remember to ask your REALTOR® anytime you have questions. Your REALTOR® will help you through each step.

How To Buy A House Step By Step Guide Inforgraphic

 

The home buying process can be an intense journey, but it's much easier when you have a clear path and clear expectations. This guide is designed to help you through the process. Let's get started!

 Step 1: Prepare Your Finances to Buy A House

Preparing your finances is the very first step in buying a home. This will allow you to find the price range that fits your budget before you start looking at homes. If you begin your home search in a higher price range than you are approved for, you are setting yourself up for disappointment.  Start preparing your finances right

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