15 Reasons to BUY a Home in Colorado Springs NOW!

15 GOOD REASONS TO BUY A HOUSE NOW IN COLORADO SPRINGS!

1.  Home prices adjusted to a lowest level in more than 3.5
years in Colorado Springs, Many deals to be made!!! (October 2008).



2.  Interest Rates are close to 40 year lows.  30
Year fixed rate mortgages are priced around 5.5% and could go lower.**



3.  Forbes Magazine picked Colorado Springs as One of the Top 10 Cities in
the U.S. "Where Prices are Likely to Rise in the Near Future".
 



4. Smart Money Magazine  (THE WALL STREET JOURNAL MAGAZINE OF
PERSONAL BUSINESS) Picked Colorado Springs as it's number 6

 “TOP 25 MARKETS TO REBOUND”.



5. KIPLINGER Magazine  “BEST CITIES TO LIVE, WORK
AND PLAY” Chose Colorado Springs a it's number 5 Choice. Kiplinger
Link



6. The 2008 edition of "Cities Ranked and Rated" Ranked Colorado
Springs as the Number 4 Best Choice Best
Places Link



7, Colorado Springs is Ranked 38 out of 100 U.S. Cities to Attract
25-34 year olds.  Denver's ranking was 59. Welcome Gen Y and
X.  Affordable housing ad great jobs.



8. First Time Home Buyers can get up to $7500 Tax Credit when
Purchasing a Home before July 2009.*



9. Home buyers at certain income levels can now deduct mortgage
insurance associated with their loan.*



10. Homeowners have the ability to deduct mortgage interest from their
taxes,  this is the largest tax break a person can have.*



11.  Homeowner have the ability to deduct real estate taxes
from their taxes every year as well.*



12.  The market is getting stronger so less potential for
financing issues should arise.  Colorado Springs is in a
stabilizing market not declining.



13.  In the year a home is purchased, the cost of obtaining a
loan, origination, discount points, and pre-paid interest are tax
deductible.*



14.  A home owner will pay NO capital gains taxes if they sell
their primary residence.  This is as long as the capital gain
is less than $250,000 for singles and $500,000 for married couples.
 This is only on the gain not on your sale price.  If
you bought your home for $300,000 in 2005 and sold that home for
500,000 today your gain would be $200,000 tax free.*



15.  Currently the troop level at Ft. Carson is approximately
18,000.  That level is anticipated to go to 23,000 by 2009 and
28,000 by 2011.  Troops. spouses, and family will account for
an approximately 70,000 additional people in the Pikes Peak Area by
2010.  This is a great time to be an investor in a rental home
or buy now so you can take advantage of appreciation.

* Please
contact your Tax Advisor for Specifics

**Subject to Terms and Conditions with Lending History and Daily Loan
Pricing

Jay Carden

Broker Associate

719-322-4939

Search Colorado
Springs MLS for FREE

Lower Mortgage Defaults, BUY or Sell Today

Lower Amounts of Mortgage Defaults in Colorado

We are now ranking 20th out of the 50 states for people that are more than 2 months behind in their mortgage payments.  This is great!!!  The number of people who are late in paying is 3.38 percent up from 2.56 percent last year.  This means that about 97% of everyone with a mortgage is paying on time. 

This should cause the foreclosure rate to stabilize and bring prices back up.  The national average of defaults was 3.96 %, making Colorado 15 percent better than nationally.  The worst states, FL 7.8% and NV 7.7% are still seeing declines in market value.  

So you ask what does this mean for me as a buyer or seller in Colorado?  It means as a seller your home value has stabilized.  As a buyer, this means that you can find a great price on the home of your dreams.  This is a great time to look at financing a home as well.  The 30 year mortgage rates fell again this week to a rate about 5.5%.  

All markets are localized and the Colorado Springs Market is rebounding and here is more proof that we are at the bottom of the market.  Now is the time to make the move.  Rates are low, supply of homes are high, and the fundamentals are strong.  Call me today to see homes that fit your needs.

Jay Carden

RE/MAX Properties, Inc.
Search the Colorado Springs MLS
719-322-4939

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Jay Carden
Search the Colorado Springs MLS
719-322-4939

Briargate Homes For Sale and Market Updates

Looking
for a Home in Briargate?



This is a free List of All the Homes
Listed In Briargate

Single Family Briargate Homes

Click
to See all Briargate Homes Under $300,000



Click
to See all Briargate Homes Over $300,001



Click to Have a Custom
Search for Your Needs







Info about the area:

Active homes
for sale: 309

Homes sold in October 2008: 35

Average Sale Price: $317,565

Median Sale Price: $290,000

Average Days on Market: 87 days
(compared to 105 days in September)

Average Sale Price/List Price:
97.1%





Townhomes and Condos in Briargate



Active homes for sale: 33

Homes sold in October 2008: 8

Average Sale Price: $168,062

Median Sale Price: $177,000

Average Days on Market: 92 days
(compared to 140 days in September)

Average Sale Price/List Price:
96.8%





Jay Carden

Broker Associate

http://briargaterealestate.com

719-322-4939

Low Cost Real Estate Agent/Mortgage Broker Marketing

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NAR reported in January 2008

75% of Realtors

received a Satisfactory or better rating

at closing, and yet….

Only 11 percent of buyers and 28 percent of sellers choose a real
estate practitioner
based on their
previous experience with that person.



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Questions???

secondhomeconsulting.com

Video Tour Of Colorado Springs

Jay Carden
Search the Colorado Springs MLS
719-322-4939

Colorado Springs Ranked 5th Best Place to Live By Kiplinger

Here we go again, we are in the top 10 ranking at number 5 according to Kiplinger.
Call me and find out why we are the best place to live. I am more than happy to show you around town.

Jay Carden
719-322-4939


2008 BEST CITIES
No. 5: Colorado Springs, Colo.
By Jessica Anderson, Staff Writer, Kiplinger's Personal Finance
July 2008

LAID-BACK ENERGY

Population: 600,444
Population Growth Since 2000: 10.5%
Percentage of Workforce in Creative Class: 34.1%
Cost-of-Living Index: 95.3 (100 being national average)
Median Household Income Since 2000: 53,486
Income Growth Since 2000: 16.1%

Be ye crunchy or conservative, the common thread in Colorado Springs is a love of the outdoors. The air is better up here. At 6,000 feet, it's crisp and clean, much like the city itself. From snow-capped Pikes Peak to the red rocks of the Garden of the Gods, natural beauty abounds, and with an average of 300 days of sunshine annually, citizens of "the Springs" are always off on their next adventure to bask in it.

VIDEO EXTRA:

Take Our Walking Tour Through Colorado Springs
This undercurrent of energy has helped bring Colorado Springs from sleepy spa town to thriving city. A strong military presence -- with U.S. Army and Air Force operations, as well as the U.S. Air Force Academy -- adds fuel to the economy, as does the aerospace and defense sector attracted by the military. Customer service and information technology are taking off, with companies such as Fed-Ex, T. Rowe Price and Progressive Insurance all adding jobs.

Downtown, the streets are wide, and because most buildings aren't more than ten stories, you can take in nice views of Pikes Peak. Tejon Street is the main drag, where people congregate for weekend brunches and weekday lunches. It's peppered with boutiques, bars and great cuisine.

The laid-back ease of the city infuses its downtown. People don't walk, they amble; they don't talk, they ramble. The slow pace in the Springs contrasts with the energy of the people -- they're not in a hurry to get anyplace, but they're always going somewhere. Colorado Springs has grown quickly and suffers from one telltale sign of expansion: traffic. But city officials are working on the issue -- in 2004, a 1% sales tax was added specifically for transportation projects. More green lights take the sting out of a 7.4% sales tax, but so do the other financial advantages of the city. You can buy a four-bedroom, turn-of-the-century home a couple of miles north of downtown for $235,000, or a five-bedroom, contemporary house near the Broadmoor hotel and the country club for $450,000.

The city is adept at attracting newcomers -- after all, the biggest business for years was tourism (which now trails aerospace and information technology). The easygoing lifestyle and wide-open spaces beckon cramped city dwellers. Andy and Pat Fejedelem moved to the Springs in 1993 from northern Illinois. "We were on vacation here, and I could hardly bear to leave. I felt as if my heart had stayed," says Pat. They bought a home, converted it into a bed-and-breakfast and gave it a name that matched their sentiments: Our Hearts Inn.

Though smaller than the major metro areas, Colorado Springs has fine amenities. The newly remodeled Fine Arts Center offers traveling shows, theater and art classes, and it has a permanent exhibit that rotates through more than 23,000 works.

Funny Video of Market Down Fall

Amazingly Funny Video of the real estate market decline... Complete satire but just imagine how Hitler would have reacted.



Jay Carden
RE/MAX Properties, Inc.
Colorado Springs
Search the Colorado Springs MLS
719-322-4939
Twitter ID @cosrealtor

Briargate Market Update

Briargate Real Estate

HUGE Price Reduction, 7 Acres 175K.

Jay Carden | RE/MAX Properties, Inc | 719-322-4939 19180 Ramrod Dr, Peyton, CO Home on the Range with Amazing Views with 7 Acres For your Horses and other Amimals 3BR/2BA Single Family House offered at $175,000 Year Built 1987 Sq Footage 1,080 Bedrooms 3 Bathrooms 2 full, 0 partial Floors Unspecified Parking 1 Car garage Lot Size 7 acres HOA/Maint $0 per month DESCRIPTION $15,000 Discount!!! NEW Paint and NEW Carpet. Home on the Range with Wagon included. Great piece of property for horses & all the toys to enjoy these 7 acres. Seven Outbuildings include a fully powered shop, garage, sheds, dog run, and chicken coop. Privacy is included by mature trees. Views of the mountains from Pueblo to Denver. New kitchen with pecan cabinets/new appliances. Home has central air conditioning, and propane generator backup. Owned 1000 Gallon Propane tank is included . Fully fenced including driveway gate. Come live the good life on your own piece of heaven. Free MLS Search Enter to Win Free Gas see additional photos below PROPERTY FEATURES Central A/C Central heat High/Vaulted ceiling Family room Dishwasher Stove/Oven Microwave Laundry area - inside Yard OTHER SPECIAL FEATURES 7 Outbuildings Views of the Front Range New Kitchen 7 Acres zoned for Horses Fully Fenced Whole House Generator and A/C ADDITIONAL PHOTOS Seller contact info: Jay Carden RE/MAX Properties, Inc 719-322-4939 For sale by agent/broker Equal Opportunity Housing Posted: Nov 3, 2008, 1:49pm PST

Woodmoor 3/2/2 325K Price Reduced 25K for Quick Sale

Jay Carden | RE/MAX Properties, Inc | 719-322-4939 1525 Acorn Way, Monument, CO PRICE REDUCED!!!Remodeled Woodmoor Home Surrounded By Large Pines and Close to Town. 3BR/2BA Single Family House offered at $324,900 Year Built 1979 Sq Footage 3,097 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size .88 acres HOA/Maint $16 per month DESCRIPTION Huge PRICE REDUCTION!!! BUY TODAY!!! Awesome Woodmoor Home Surrounded by Trees. Close to Denver or Colorado Springs via I-25. NEW HIGH SCHOOL around the corner. The amazing Kitchen includes Granite countertops, Slate floors, New Appliances and Custom Cherry Cabinets. Large Master retreat with 6 pc bath, deck access, views of the Peak and walk-in closet. Private Home Office. Sunroom with built-in 6x6 hot tub. Private Large Deck for Entertaining. Wet bar and formal dining area. River Rock Fireplace in the vaulted Living room. Main Level Laundry. Make this a Must See for your next home. Click For Virtual Tour Click to Search Colorado Springs MLS see additional photos below PROPERTY FEATURES Central heat Fireplace High/Vaulted ceiling Walk-in closet Tile floor Family room Bonus/Rec room Office/Den Dining room Dishwasher Refrigerator Stove/Oven Granite countertop Attic Basement Laundry area - inside Balcony, Deck, or Patio Yard Jacuzzi/Whirlpool COMMUNITY FEATURES Golf course ADDITIONAL PHOTOS Seller contact info: Jay Carden RE/MAX Properties, Inc 719-322-4939 For sale by agent/broker Equal Opportunity Housing Posted: Oct 7, 2008, 7:01am PDT

Jay Carden
Search the Colorado Springs MLS
719-322-4939