Thursday, January 12, 2012

How to know if a property has a well in Colorado

Try checking this website:  Colorado Division of Water Resources Search Page
Here's what the main search page looks like.  I had the most luck using the legal description on the property I was researching.  Good luck!
Of course we sell properties with wells, so give us a shout!

Friday, January 6, 2012

PikesPeakParent.com : Plant flower bulbs right to avoid spring no-shows

PikesPeakParent.com : Plant flower bulbs right to avoid spring no-shows

Colorado is a "table funding" state for real estate transactions

In Colorado, we are what's called a "table funding" state.  That means when your real estate transaction is closed (usually by a title company),  all money is due and payable (in "good funds" of course; which includes cash, certified check or wire transfer) and title to the property is exchanged.  In a typical situation, that means when the buyer brings money to the closing table (whether via a mortgage lender or cash) that money is then distributed to pay the liens against the property (i.e. the mortgage), the real estate brokers and/or attorneys, the title company, insurance company, and if there's money left over, the seller. Thus, the term "table funding".  Ocassionally, the buyer will even walk away with money if they've obtained a 100% mortgage loan, which is the refund of their earnest money. 
Upon the conclusion of the signing of the seemingly endless documents and distribution of the money, the transaction is officially closed, or sold. 

Tuesday, November 29, 2011

What should I do before I meet with a Realtor?

Okay, so you've decided to put your house on the market, and you're not sure what to do or where to start? Before you meet with your Realtor, here are some ideas:

Preparing for the listing paperwork:
  • Have all parties on title available to sign the listing agreement.
  • Have your mortgage loan information ready & available.
  • Have your home owner's association (HOA) information available (who, what, when & how much).
  • Have a key available for the lock box.
  • Decide which items will be included with the sale that are not built in (refrig, washer/dryer, etc.), and excluded items that are built in (chandelier, electric sconces).  Better yet, remove/replace these items.
  • Have your showing instructions in mind. For instance, would you like an advance phone call? Which number? How advance notice is necessary for showings?  Can we leave a message & okay the agent to show? Alarm?
  • Know your email address.
Preparing the house for showings:  (If you've ever been in a model home, that's the effect we're going for here):
  • Declutter; remember this mantra, "If it's feeling bare you're nearly there".
  • Pack away family photos and small knick-knacks.
  • Hide any small appliances and cooking utensils that are on the counter top.
  • Remove magnets from the refrigerator.
  • Place unnecessary furniture in storage (i.e. larger pieces, mis-matched pieces).
  • Hide personal care items in the baths (i.e. deodorant, brushes, shampoo, used towels).
  • Deodorize if necessary.
  • Remove dark drapery; the more light the better.
  • Replace dated light & plumbing fixtures.
Sounds like a pain?  It is. However, it will hurt now or it will hurt later.  Failure to do these items will likely lead to longer time on market and less money for you.  Keep in mind that people are willing to exchange dollars for convenience. The less they have to do, the better; even if they're planning to change everything. 

Monday, November 14, 2011

What's real estate doing in Colorado Springs as of November 2011?

Here's the scoop, I've got some great news, and I've got some not-so-good news:
  • # of active listings is down from last year (22.7%)
  • # of sales for the month are up 20.8%
  • # of sales for teh last 3 months are up 27.3%
  • Sales YTD are ahead of 2010 by 2%
  • Inventory levels are down from @ 9 months to @ 5 months
  • Avg. Sales price is down 7% from same time last year
  • Foreclosure filings are down 26% from 2010
Click here for all the skinny with graphs, charts, price categories, and neighborhood stats
Call Tammy or Gayle for the specifics on your place!

Thursday, November 3, 2011

How do they decide when to close school district 12 for bad weather?

Gayle & I currently have, or have had, children in school district 12, and have always wondered how the superintendant decides when to close school in bad weather.  Well here it is straight from the superintendant himself in an email I rec'd:

Dear Parents:
After talking with several of you this morning regarding the really poor road conditions you encountered, I thought I would send this message regarding our procedure for determining delays and closures.  

Our process isn't very scientific...our director of facilities and I divide the District in half and drive the roads beginning at 4:00 a.m. when we suspect inclement weather.  He drives the northern sections of the District, I drive the south.  We correspond by cell phone during our evaluation of the driving conditions, and we typically finish between 5:00 and 5:15 a.m. so that we can make a determination on a delay or closure by our 5:30 a.m. deadline.

This morning, while we encountered some isolated icy patches, we had very little trouble navigating the major roads across the District, and in fact, many roads were perfectly clear.  As a result, I decided to maintain a normal schedule.  After receiving calls regarding conditions specifically along Star Ranch Road later in the morning, I again drove the south end of the District at about 8:00.  What I found very quickly was that areas that presented little or no difficulty earlier in the morning proved absolutely impassable and dangerous on my second trip.  Not that it matters, but I can only guess that when the wind picked up, what was merely wet a couple of hours earlier became solid ice very quickly and became extremely dangerous.

For those of you who attempted to drive these roads this morning, I am truly sorry that you had to deal with these dangerous conditions.  The fact of the matter is that had I encountered at 5:00 a.m. what I encountered at 8:00 a.m, I would have made a different decision; but, that obviously is a moot point.  What is important, however, is to know that this isn't the first time we've been caught in this untimely scenario, and it certainly won?t be the last.  It will inevitably happen again due to timing or due to the fact that some sections of the District are only slightly impacted while others may be heavily impacted.  So while you probably are aware, remember there is never an attendance penalty at any District 12 school for absences due to weather. If you ever feel the roads from your specific neighborhood are too dangerous to travel regardless of our school schedule, I encourage you to use your individual discretion and keep your children at home if you wish.

If you wish to contact me, please feel free to call or email me at your convenience.

Respectfully,

Walt Cooper
Superintendent of Schools