Colorado Springs Real Estate Facts & Fun

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Does High Inventory = Great Inventory

In working with buyers this past year I am noticing that high inventory is not necessarily great inventory.   Several customers are looking for a specific type of home (ie some on small acreage or at a minimum a feeling of privacy).  Another are looking to stay within a specific price range (lets say under $300,000). When we go out and look at homes there seem to be a lot of homes on the market but not necessarily a lot of either the quality they want or the criteria.  Good houses, priced right, are selling.  This is my focus for my focus for today and what I want to make sure and educate buyers and sellers on. 

Kelly Young Realtor

About the Author: Kelly Young, GRI

Kelly is an Associate Broker with Red Rock Realty.  She has over 12 years experience in Real Estate in the Colorado Springs and Front Range region of Colorado. She represents buyers and sellers of real estate buying homes, land for sale, mountain getaways.   Specific areas include:  Black Forest, Broadmoor, Colorado Springs, Divide, Falcon, Downtown, Manitou Springs, Monument, Old Colorado City, Westside, Woodmen Hills and Woodland Park. You can reach her at 719-226-0126 or by clicking "email the author" above.

Insurance & Real Estate

Yesterday I attended a short class on Insuring Difficult Properties.   What I learned was of value and wanted to share this with all of you.  When a customer has narrowed their home choices down to 3-4 call an insurance agent in the area that you know and ask for them to run a CLUE report.  CLUE stands for Casualty Loss Underwriting Expense.  This system is the database for all claims filed for a home and can give you valuable information in time to correct it vs. at closing with no time for work to be completed.

 

 

Kelly Young Realtor

About the Author: Kelly Young, GRI

Kelly is an Associate Broker with Red Rock Realty.  She has over 12 years experience in Real Estate in the Colorado Springs and Front Range region of Colorado. She represents buyers and sellers of real estate buying homes, land for sale, mountain getaways.   Specific areas include:  Black Forest, Broadmoor, Colorado Springs, Divide, Falcon, Downtown, Manitou Springs, Monument, Old Colorado City, Westside, Woodmen Hills and Woodland Park. You can reach her at 719-226-0126 or by clicking "email the author" above.