Home For Sale in Colorado Springs

Nice Home For Sale in Colorado Springs Featuring 4 Bedrooms, 2 Bathrooms, 1 Car Garage and 2,496 Square Feet. This Home For Sale in Colorado Springs is Perfect for the First Time Home Buyer, if you are moving up or if you are Relocating to Colorado Springs. Tour This Home Today! Enter into the Large Main Level Living Room with Hardwood Floors and a Cozy Built-In Brick Wood Burning Fireplace. The Light and Bright Formal Dining Room also Features Hardwood Floors and a Large Window. The Open Kitchen has Tile Flooring, Ample Cabinet Space and All Appliances Included. The Finished Basement Features a Spacious Family Room with a Second Built-In Brick Wood Burning Fireplace, 2 Bedrooms, 1 Bathroom and Laundry. The Main Level Features the Large Master Bedroom and an Additional Bedroom. Enjoy Beautiful Colorado Evenings on your Large Back Deck. This Home is in a Quiet Neighborhood with Easy Access to Shopping, Dining, Parks and More. For More Information on this Home For Sale in Colorado Springs, or any other Homes For Sale in Colorado Springs, Contact Mike MacGuire, your Real Estate Expert for more information!

Step 3 In Homeownership....Get Loan Pre-Approval

Step 3: Get Loan Pre approval

Few people can buy a home for cash. According to the National Association of Realtors (NAR), nearly 9 out of 10 buyers finance their purchase, which means that virtually all buyers -- especially first-time purchasers -- required a loan.
The real issue with real estate financing is not getting a loan (virtually anyone willing to pay lofty interest rates can find a mortgage). Instead, the idea is to get the loan that's right for you -- the mortgage with the lowest cost and best terms.
Mike MacGuire routinely suggests that consumers start the mortgage process well before bidding on a home. By meeting with lenders -- either online or face to face -- and looking at loan options, you will find which programs best meet your needs and how much you can afford.
Mike MacGuire also recommends pre approvals for another reason: Purchase forms often require buyers to apply for financing within a given time period, in many cases, 7 to 10 days. By meeting with loan officers in advance and identifying mortgage programs, it won't be necessary to quickly find a lender, check credit, and rush into a financing decision that may not be the best option.

What is it?
"Pre-approval" means you have met with a loan officer, your credit files have been reviewed and the loan officer believes you can readily qualify for a given loan amount with one or more specific mortgage programs. Based on this information, the lender will provide a pre approval letter, which shows your borrowing power. You can visit as many lenders as you like and get several pre-approvals, but keep in mind that each one carries with it a new credit check, which will show up on future credit reports.
Although not a final loan commitment, the pre approval letter can be shown to listing brokers when bidding on a home. It demonstrates your financial strength and shows that you have the ability to go through with a purchase. This information is important to owners since they do not want to accept an offer that is likely to fail because financing cannot be obtained.

How do you get pre-approval?
Real estate financing is available from numerous sources and in some cases, individual Real Estate Agents themselves. Based on his experience, Mike MacGuire may suggest one or more lenders with a history of offering competitive programs and delivering promised rates and terms.
The loan officer will carefully review your financial situation, including your credit report and other information. The lender will then suggest programs which most-closely meet your needs. For instance, a first-time buyer may qualify for state-backed mortgage programs with little money down and low interest rates, while a repeat purchaser (someone who has bought a home before) with more equity (money invested in the home) might want to get a 15-year loan and the lower overall interest costs it represents. Typically, first-time buyers opt for the traditional 30-year loan, with either a floating interest rate or a fixed rate of interest over the life of the loan.

For More Information on Getting Pre-Approved for a Loan to Purchase a Home For Sale in Colorado Springs, Contact your Local Real Estate Expert, Mike MacGuire for more information.

Beautiful Home For Sale in Colorado Springs

Like New Home For Sale in Colorado Springs Featuring 4 Bedrooms, 3 Bathrooms, 2 Car Garage and 2, 165 Square Feet. This Beautiful Home For Sale in Colorado Springs is Perfect for the First Time Home Buyer or if you are Relocating to Colorado Springs! Tour This Home Today. Spacious Living Room with Cozy Gas Fireplace, Dining Area with Walk Out to the Back Deck. Large Kitchen with Ample Cabinet and Counter Space Includes All Appliances. The Upper Level Features the Master Retreat with French Door Access to the Luxurious 5 Piece Bathroom. Spacious Secondary Bedrooms on the Upper Level and a Full Bathroom. The Finished Basement Boasts a Large Family Area and 4th Bedroom. Spacious Backyard with Beautiful Mountain Views! For More Information on this Home For Sale in Colorado Springs or for More Information on other Homes For Sale in Colorado Springs, Contact Mike MacGuire, your Colorado Springs Real Estate Expert!

Step 2 of Preparing for Homeownership

Step 2 of Preparing for Homeownership.....Get A Realtor!

More than 2 million people in the United States have earned real estate licenses. However, real estate is a tough business with a steep dropout rate, and the result is that only a small percentage of those with licenses actively help buyers and sellers.

The National Association of REALTORS (NAR) includes 1 million brokers and salespeople, individuals bound together with a strong Code of Ethics, extensive training opportunities and a wealth of community information. NAR members are routinely active in PTAs, local government committees and a variety of neighborhood organizations. Being actively involved in community affairs provides REALTORS with a better understanding of the area in which they are selling.

Why? Buying and selling real estate is a complex matter. At first it might seem that by checking local picture books or online sites you could quickly find the right home at the right price. But a basic rule in real estate is that all properties are unique. No two properties -- even two identical models on the same street -- are precisely and exactly alike. Homes differ and so do contract terms, financing options, inspection requirements and closing costs. Also, no two transactions are alike.
In this maze of forms, financing, inspections, marketing, pricing and negotiating, it makes sense to work with professionals who know the community and much more. Those professionals are the local REALTORS who serve your area.

How do you choose? In every community you're likely to find a number of realty brokerages. Because there is heated competition, local REALTORS must fight hard to succeed in your community.

In many cases buyers will interview several REALTORS before selecting one professional with whom to work. These interviews represent a good opportunity to consider such issues as training, experience, representation and professional certifications.

What should you expect when you work with a REALTOR? Once you select a REALTOR you will want to establish a proper business relationship. Each REALTOR will explain the options available, describe how he or she typically works with individuals and provide you with complete agency disclosures (the ins and outs of your relationship with the agent) as required in your state.
Once hired for the job, the REALTOR will provide you with information detailing current market conditions, financing options and negotiating issues that might apply to a given situation. Remember: Because market conditions can change and the strategies that apply in one negotiation may be inappropriate in another, this information should not be set in stone. During your time in the marketplace REALTORS will keep you updated and alert you to each step in the transaction process.

If you are ready to take the next step in Homeownership, contact Mike MacGuire today! Your Colorado Springs Real Estate Expert!

Cute Townhouse For Sale in Colorado Springs

Beautiful Corner Unit in Holland Park Featuring 2 Bedrooms, 2 Bathrooms, 1 Car Garage and over 1,100 Square Feet. This Townhome is Perfect for the First Time Home Buyer or if you are Relocating to Colorado Springs! Tour This Home Today! This Townhome features many updates including New Carpet on the Upper Level, New Roof, Newly Refinished Counters in the Kitchen and Bathrooms, New Lighting and New Interior Paint. This Open Floor Plan boasts Beautiful Ceramic Tile Flooring on the Main Level. The Ample Sized Kitchen has a Breakfast Bar and Lots of Cabinet and Counter Space. The Large Living Room features a Cozy Fireplace and Walk Out to the Back Patio. There are two Spacious Upper Level Bedrooms and a Full Bathroom. The Laundry Area is also Located on the Upper Level. The Spacious Patio is Perfect for Entertaining and Summer BBQ's. This Townhome is Located in a Great Location! Close to Schools, Shopping, Dining, Parks and More!
For More information on this Home For Sale in Colorado Springs or for Information on other Homes For Sale in Colorado Springs, Contact Mike MacGuire, your Colorado Springs Real Estate Expert!

2 Story Home for Sale in Colorado Springs

Inviting Home For Sale in Colorado Springs featuring 4 Bedrooms, 4 Bathrooms, 2 Car Garage and 2,800 + Square Feet. This Home is Perfect for anyone Relocating to Colorado Springs, if you're moving up or a First Time Home Buyer. Tour this Home Today! The Formal Living Room flows into the Spacious Formal Dining Area that is Open to the Kitchen with a Huge Center Island, Pantry, Glass Tile Backsplash and All Appliances Included. The Living Room Boasts a Cozy Gas Fireplace and Walk Out to the Back Deck. The Perfectly Appointed Master Retreat features Vaulted Ceilings, a Gas Fireplace and a Luxurious 5 Piece Attached Bathroom. The Master Bathroom features Double Vanties, Soaking Tub, Dual Headed Shower and a Walk In Closet. The Finished Basement has a Large Family Room with room for a Game Area. There is also a bedroom, bathroom and storage area. The Expansive Backyard has an expanded Patio that is Perfect for Entertaining and Summer BBQ's. You can also enjoy beautiful Mountain Views from the Privacy of Your Own Home!
For Questions about this Home For Sale in Colorado Springs or questions about other Homes For Sale in Colorado Springs, contact Mike MacGuire, your Colorado Springs Real Estate Expert!