Must See this Home

• 1,344 sq. ft., 2 bath, 3 bdrm ranch "Double Wide Home" - MLS® $46,000 - Great Price

Monument Creek Commerce, Colorado Springs  -  This home shows the pride of the ownership. Bright and open, you will find 3 bedrooms, 2 bathrooms with a 5 piece master bath. The kitchen/dining combo comes with all appliances and a kitchen island. The yard is zero scapped with a new deck. Come take a look at this home and enjoy the new AC.

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Quiet Neighborhood

• 1,566 sq. ft., 4 bath, 2 bdrm single story - MLS® $178,000 - GREAT LIVNG FOR PRICE

La Mesa Fontana, Fountain  -  This is a great property that has custom decor pain throughout. Bathrooms have been updated. Kitchen has been updated. Property is located in a quiet neighborhood near shopping and Fort Carson. Take a look at this GEM.

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Great Stucco Home

• 2,709 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $245,000 - Below comprabales in Area

Eastview Estates, Colorado Springs  -  This is a wonderful home. Walk into a bright open space with lots of windows. This home is located near schools, parks and shopping. This home features 3 bedrooms and an extra office space. The living room is open and with vaulted ceilings, grand windows and an entertainment area. The Kitchen features cherry cabinets, a kitchen island, lots of storage and a pantry. All appliances stay. The bedrooms are large and the master features a double vanity and shower/tub combo. The basement is full and ready to finish. Dont miss out on your opportunity to check out this beauty.

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Its no suprise that  in Colorado Springs we are getting hit hard by foreclosures and short sales. As a matter of fact the whole country is getting hit hard. Can we as realtors keep up the the sales prices of homes that are not in this situation. 

Recently I found it very hard to give a comparison to my clients on a home that they are looking at purchasing in the Woodmen Hills Area.  If I based it on the past sales with foreclosures and shortsales I got one low price.  If I based  on comps without these in mind I ended up with another price. 

I also ran into this situation as I sold a condo off of Airport and Academy.  The transaction was going smooth until we went into the appraisal.  The appraisal came in low.  I asked the appraiser how he got his comps..he stated that he had to use the recent activity in the area.  I then spoke to my appraiser friend and he stated the if the comps can support the sale then yes he has to use these comps.  More than 80% of the condos in this area are sold either as a short sale and or foreclosure.  So I asked about the domino effect.  

Here is the Domino Effect....House A sold 4 months ago and it was a short sale so it sold for less money than the condo was worth.  House B sold 2 months ago and it was a regular sale but since House A sold recently, the appraiser used House A as a comp, which in turn also lowered House B's appraised value.  Now House C sold and so the domino effect appears because the appraiser is going to look at House B as a comp not realizing that it was based on a the short sale comp of House A, making House C's appraisal come in low.  Can you see how this is going to affect the market and the vaules of homes if we keep using the Domino Effect.

It is a tight shift out their for appraisers.  What they do not understand is that by using the Domino Effect, they are double dipping and in turn are ruining our market by bringing down the price of homes, that are not in any type of trouble.  I understand that we are in a market that homes are going down anyway...but if we keep on this route homes in the Colorado Springs area will plumit. 

Must See this Home

• 1,344 sq. ft., 2 bath, 3 bdrm ranch "Double Wide Home" - MLS® $48,000 - Great Price

Monument Creek Commerce, Colorado Springs  -  This home shows the pride of the ownership. Bright and open, you will find 3 bedrooms, 2 bathrooms with a 5 piece master bath. The kitchen/dining combo comes with all appliances and a kitchen island. The yard is zero scapped with a new deck. Come take a look at this home and enjoy the new AC.

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Forest Home in Town

• 3,905 sq. ft., 4 bath, 4 bdrm 1 1/2 story - MLS® $339,000 - Must Sell....Fast

Erindale, Colorado Springs  -  Forest like home in the middle of Colorado Springs. This is a must see home with a bright open feel. This home features large rooms, a grand fireplace and formal dining room. The master features a master retreat with a walkout to the deck, walkin closets and an attached master bath. This home has tons of features. Walk out on the multilevel deck to view your corner lot on a culdesac with tons of trees and wildlife. Don't miss out this home is priced to sell fast.

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Model Condo Never Lived In

• 1,017 sq. ft., 2 bath, 2 bdrm single story - MLS® $129,900 - Priced well below New

Stetson Hills, Colorado Springs  -  Live in the wonderful Powers cooridor....close to shopping, entertainment, and new schoolsThis condo was a Former Model home. Features include upgraded carpet, fireplace, celing fans, AC, and a one car attached garage. This condo has been priced to sell, new condos in this complex are selling for 40-50K higher.

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Priced well Below Market

• 2,260 sq. ft., 3 bath, 5 bdrm single story - MLS® $180,000 - Short Sale

Rustic Hills, Colorado Springs  -  Great Location, Rustic Hills. this home is very well maintained. Wow 5 bedroom, 4 level home. Inground pool in back yard, does need work. Short Sale, priced to sell.

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Great Rental Propery

• 1,036 sq. ft., 1 bath, 3 bdrm single story - MLS® $157,900

Lindale, Colorado Springs  -  This quiet 3 bedroom house is centrally located, with plenty of shopping and entertainment choices nearby. It has a quiet, fenced in shaded back yard with alley access, and a large rock patio for outdoor activities. The extended garage can easily fit a vehicle, and still has plenty of storage space remaining. The interior is in great condition. Act now, this property won t remain for long! This home has been rented out for 1 year....Great investment property.

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Immaculate Ranch Condo

• 1,185 sq. ft., 2 bath, 3 bdrm single story - MLS® SALE PENDING $135,000 - WOW

Sand Creek, Colorado Springs  -  Welcome to this wonderful Ranch style condo. This home shows the pride of the ownership. You get the best of the best with a Ranch condo, 3 bedrooms and an attached garage. You will not find a better priced Condo in the area with all these features. The living area boasts a fireplace and TV nook. The kitchen is bright and open with a kitchen island and all appliances stay. Walk out to the larger patio and the great commons area. Master bedroom is big enough for a king size bed plus extra room. Call today for a showing...This is not going to last long.

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