Jun 08

Should You Test For Radon in a Colorado Springs Home?

Should you test for Radon? Simply put, yes.

Radon is very common in Colorado Springs. When shopping for real estate in Colorado Springs it’s important to keep in mind. Radon is a radioactive gas formed by the decay of radium that comes through the soil and up through your foundation or slab. It can condense in your home and over time tend to promote lung cancer. According to the EPA, radon is the second leading cause of lung cancer, after smoking cigarettes. The EPA has set 4.0 picoCuries per liter as the level at which a mitigation system is recommended. Continue reading

Jun 08

What’s Your Negotiating Style?

There are no two ways about it, real estate in Colorado Springs, Monument and Woodland Park areas has hit a slump and it’s a buyer’s market. But there are still important things to keep in mind. When setting out to buy Colorado Springs real estate, first you should figure out whether you have your heart set on a certain house, or if bargain hunting is your game. The seller may or may not respond to a low offer. You rarely know the life story of the person you’re making the offer to. They may be headed in to foreclosure, or just testing the market. They may be eager to sell, but also easily offended.  Be clear with yourself and your realtor about your goals before you start writing offers.

If you like to negotiate, then take each opportunity to negotiate with good humor and go for it! Know that sellers are rarely grateful for a low offer, but it may be all they will get. Be business-like. Put everything in writing.

If you just want the house, then make sure your realtor shows you the active and sold competition. Decide what the home is worth to you and make an offer (maybe slightly less than that). Keep in mind how much work the house will need based on things you can see right now and make your offer accordingly. If, during the inspection period, you discover that something is broken , doesn’t have a building permit, or has some other previously hidden flaw, you will have the opportunity to negotiate for repair or a price reduction. If, however, you use the inspection objection period to renegotiate the price because of something you knew when you made the offer, that may not work so well. Keep in mind that there is desirable real estate in Colorado Springs and if something comes on the market that looks like a great house at a great price, IT IS!  If you want it, don’t be stubborn and wait for things to get worse. Someone else will buy it.

As long as you are clear about your goals, you can have a great experience negotiating for real estate in Colorado Springs right now. Make sure you do your home work so you won’t question yourself in the heat of the negotiating.

Jun 08

Where are the Best Schools in Colorado Springs?

School districts have a big effect on the value of real estate in Colorado Springs. Buyers, especially from outside Colorado Springs, usually ask me for advice about good areas and schools. My first answer is Realtors are not allowed to have opinions about which schools are best. It’s a violation of Federal Fair Housing Law. The second answer is that I can provide you with all the information you’ll need to answer the question yourself. And do keep in mind that the rating of the school district will affect the value of your Colorado Springs home. If you look for real estate in a Colorado Springs school district where most schools are rated  “Average” or “Poor”, those homes will not hold their value as well has homes where the schools are ranked “Excellent.” Continue reading

Jun 08

Home Improvement in Colorado Springs’ Soft Market

When you are thinking about home improvement, be clear about your goal.  If your goal is resale, then proceed with caution. Colorado Springs Real Estate has lost considerable value this past year. As we look ahead and hope to see a recovery in 2008, it’s important to know that the competition is still fierce. You will lose part of the money you invest in your home at this point. With that said, there are many situations where fix-up may be required to keep you competitive. Continue reading

Jun 08

Fountain CO Homes in Award-Winning City

Offering both rural and city options for southern Colorado Springs CO real estate, the City of Fountain, Colorado has also been chosen as the New York Times Millennium City as well as an All-American City by the National Civic League.  Real estate in Fountain CO and in the neighboring communities of Widefield and Security is popular for military families due to the presence of the Fort Carson, Peterson, and Schriever military bases. Continue reading