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August 2009

Is homeownership right for you?

Date: Aug. 29, 2009
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Purchasing a home is no doubt the biggest investment you will ever make. Homeownership has many benefits but also brings responsibility. It is important that you have a steady income and steady employment history for at least 2 years. You must have a good credit history. It is important that you can not only make your house payment but also have extra for maintaining your home. When purchasing a home you need to consider the changes it brings. You need your monthly payment to fit into a decent budget so you will not be cash poor and can afford to enjoy eating out or some sort of entertainment once in awhile. There are many sources for you to find out details on how to manage your income and expenses so you can live happily! Check out the website at www.freddiemac.com
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Mortgage update-- August 24, 2009

Date: Aug. 24, 2009
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Interest rates are still hovering around an all time low of 5%. VA loan limit is $417,000 FHA loan limit in El Paso county for single family is $325,000
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Hurry, Buyers, to beat the tax credit deadline!

Date: Aug. 21, 2009
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Time will be running out for first time home buyers to take advantage of the $8,000 tax credit. You have to close on your property by Nov. 30th and it is taking up to 45 days to close a loan so all interested buyers need to get a wiggle on or it will soon be too late.
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Top of Skyway in Colorado Springs update August 15, 2008

Date: Aug. 15, 2009
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According to our MLS system at PPAR in Colorado Springs there are currently 8 homes for sale in Top of Skyway with prices ranging from $525,000 to $1,995,000. One other property is under contract with a list price of $795,000 One property sold this year with a sale price of $690,000
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Skyway Heights update--August 11, 2009

Date: Aug. 11, 2009
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According to our MLS system there are currently 8 homes for sale in Skyway Heights, Colorado Springs with prices ranging from $585,000 to $775,000. One property sold this year with a sale price of $650,000If you have any questions send me an email. My email address is enid@beitzel.com

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Austin Heights update--August 8, 009

There are currently 3 homes listed for sale in our MLS system for Austin Heights in Colorado Springs with prices ranging from $349,900 to $398,000. Two other properties are pending with list prices of $350,000 and $499,000. Seven properties have closed this year with prices ranging from $245,000 to $417,000. Now is a good time to buy a home in Austin Heights.
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