via Understanding Private Mortgage Insurance
Used to be that anyone putting less than 20% down needed private mortgage insurance to protect lenders against borrower default.
Until now. We have partnered with a global lending institution committed to offering up to 100% financing, will contribute up to $4,500 toward closing costs and does not charge PMI!
Too good to be true? We promise, it’s not. Contact me for details.
In one word, market conditions are robust. A proud member of Atlas Real Estate Group, the premier real estate investment company and brokerage team along the Front Range, I am often asked for an indication of the rental market in Colorado Springs. Here is a brief synopsis.
At 11% according to Yardi®, we are top three in the nation when it comes to year over year rent growth, a finding consistent with what we see on a daily basis analyzing the market for our investor clientele. This is due to a myriad of factors, such as limited inventory, minimal construction activity and a level of population growth that has moved us up to being the nation’s 40th most populous city and a “positive trajectory with respect to economic recovery and growth“.
The result of our robust market is high prices. This is bad news for wholesalers and flippers, a business model needing margins of 25% or better to make sense. Forced to seek elsewhere for the short term ROI they need, many are flocking to markets such as Indianapolis, St. Louis and others where housing prices are low enough to generate the profit margins they need. And this is where the downside takes a sharp decline.
Stepping over dollars for pennies, their capacity for building long term wealth is severely limited, as can be seen by much lower rent growth rates of 4.3% and 2.9% respectively.
Not to mention, and though cash is truly king in the rental game, appreciation cannot be overlooked. According to NeighborhoodScout®, Colorado Springs has shown an 8% in annual appreciation rate in the last 12 months, whereas Indianapolis, IN and St. Louis, MO show 4.73% and 6.14% rates respectively.
How’s the market, you ask? Like Caribbean waters, warm and inviting. Come on in? Don’t worry, no sharks allowed.
Attention buyers! Many agents talk a great game about their services. Some mean it. Check out what this customer had to say about my concierge level services and work with the best. You deserve nothing less. Find every property for sale in an instant!
The most important question to ask a short sale buyer’s agent. How to question the buyer’s agent to qualify the short sale buyer.
Of course the REALTOR on your team needs to be a qualified team captain, with the experience to properly guide both buyers and sellers through the transaction. If savvy, they will engage the services of a short sale facilitator to ensure they have the strong team needed for a touchdown. With a contact list and savoir faire that is the stairway to heaven, these can be the ace in a hole every busy agent needs.
Not all situations in which a homeowner cannot (or will not) make their mortgage payments will qualify for a short sale. And where each lender has unique requirements, every short sale situation will require these standard documents (printable, form).
The lender will use this information to determine if you are experiencing a hardship and meet certain parameters so it’s important a complete package is submitted so as to avoid any delays in processing your request.
A recent article in the Colorado Springs Gazette reports foreclosures are down. But, are they? The same report states foreclosures are 20% ahead of this time last year. So, where they have decreased over the last couple of months, they are up overall. Sadly, there will never be a 0% foreclosure rate and there have been 538 homeowners over the last four months in some stage of foreclosure and pure capitalism will have it no other way. And where we hope not you, know our experience, certifications and network will serve anyone in this situation well.
Attention buyers! Many agents talk a great game about their services. Some mean it. Check out what this customer had to say about my concierge level services and work with the best. You deserve nothing less. Find every property for sale in an instant!
Attention buyers! Many agents talk a great game about their services. Some mean it. Check out what this customer had to say about my concierge level services and work with the best. You deserve nothing less. Find every property for sale in an instant!
Attention buyers! Many agents talk a great game about their services. Some mean it. Check out what this customer had to say about my concierge level services and work with the best. You deserve nothing less. Find every property for sale in an instant!
Attention buyers! Many agents talk a great game about their services. Some mean it. Check out what this customer had to say about my concierge level services and work with the best. You deserve nothing less. Find every property for sale in an instant!
Attention buyers! Many agents talk a great game about their services. Some mean it. Check out what this customer had to say about my concierge level services and work with the best. You deserve nothing less. Find every property for sale in an instant!
Attention buyers! Many agents talk a great game about their services. Some mean it. Check out what this customer had to say about my concierge level services and work with the best. You deserve nothing less. Find every property for sale in an instant!
