Jan
8
Assistance for Buyers and Relief for Sellers in Antelope Creek and Sundown Subdivisions
Posted by Marcus Nicolas under For Buyers, For Sellers, General Information, General Real Estate Info, Colorado Springs Info, *Neighborhood Information, Antelope Creek Info, Sundown Info, MISC, Home Buyer Info, Home Seller Info
Good news for home purchasers in the Colorado Springs area. The bond program is back in effect and that coupled with programs like first time home buyer tax credit or move up buyer tax credit could mean reaping great benefits especially for those in the Antelope Creek and Sundown Subdivisions. What is this bond program about? Glad you asked. Well, El Paso county has come up with bond money in the form of 3% downpayment assistance for those wanting to purchase a home in Colorado Springs. This is great news especially for those hoping to purchase in the Antelope Creek and Sundown subdivisions. So let’s say for example you want to purchase a home worth $150,000 in Antelope Creek or Sundown and you are going FHA Loan (Mortgage). That means you would only have to come up with 1/2% down which is $750.00. Yes that is right. In case you did not understand me I said Seven Hundred and Fifty Dollars. Now, since there are 5 military installations here in Colorado Springs, imagine if you are in the military and wanted to purchase a home. Since VA loans (mortgages) require no money down, you can use that 3% for closing costs. That means you would literally go to the closing table with absolutely zero dollars and get back your earnest money deposit. Now tell me that is not a bargain?
Homes in Antelope Creek and Homes in Sundown are homes one can be proud of owning knowing the peace and safety the neighborhood can provide. Just take a look at the area and you can see how the area is conducive to raising children in such a comfortable atmosphere. Furthermore the homes in Antelope Creek and Sundown subdivisions offer space and luxury all wrapped up into one.
As a professional in the field, I make it my priority to stay on top of what the market and local conditions are doing. As always and without fail, mortgage rates rise in the spring time. Time is running short. Even though we have these programs like the bond program in place, how much do you think you will be able to afford later down the road as compared to what you can afford now? Hmmm!!! Well let me throw a scenario out to you so you can better understand what you may be facing. Let’s say you can afford to purchase a home and pay $1,000 a month for your mortgage payments that does not include taxes and insurance. That would mean you can afford a home worth around $186,000 at 5% interest rate. Here in the Antelope Creek and Sundown subdivision, that may be a feasible price to obtain a home if you use an Antelope Creek Realtor® and/or a Sundown Realtor® that can negotiate hard on your behalf. Now if we wait longer and the interest rate goes up to 6% what can we afford? For the same $1,000 a month payment you can now only afford a home selling for $166,000. That is a difference in the type of home you can purchase. Good luck in getting a home for that price in these two subdivisions. So is waiting to purchase a home really worth the wait? You be the judge of that.
With such nice areas in the Colorado Springs area, why would you want to wait? Click on the link for Homes in Antelope Creek and Homes in Sundown so you can see for yourself how these homes look like. Or better yet, drive to the Antelope Creek Subdivision and/or the Sundown subdivision and see for yourself in person what dreams are made of. Now how about the sellers? What does this mean for sellers in these subdivisions? Let me tell you.
With the bond program and the extended tax credit for first time home buyers and for move up buyers in place, that will allow buyers with more purchasing power which means they will be looking for your home to purchase. However, how will you put your house in front of these buyers? How will you be competitive and get your home sold before any others? Do you think price is the only criteria? Think again. Staging your home properly is huge in having your home stand above the rest. And that is only the tip of the iceberg in what it takes to get your home sold ahead of others on the market. Luckily the homes in Antelope Creek and Sundown subdivision have curb appeal already and are in great shape. That in itself makes it easier to attract buyers to the area. Now let’s position your home to make it easier for them to choose your home first.
Below, is a quick snap shot of the statistics on homes in these subdivisions. The first set of statistics belong to Antelope Creek and the second belongs to Sundown.
*Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for January 2010. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market. For more information on these homes, contact me at 719-217-3222 and I will be more than happy to provide information to you. Also, check out our Antelope Creek and Sundown Real Estate Website!

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Posted By: Marcus Nicolas - Colorado Springs Real Estate Agent
Antelope Creek Real Estate and Sundown Real Estate
<닼Έ> 719.217.3222 (direct) | MarcusNicolas@KW.com
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