Wednesday, July 23, 2014

OPEN HOUSE STETSON HILLS COLORADO SPRINGS

 6011 Poudre Way
Great house in Stetson Hills.  3 bedroom, 3 bathrooms, 3 car garage.


For more info on this house, click on the picture or here 6011 Poudre Way.

Provided courtesy of Bernie McDonnell - Cherry Creek Properties
Hire a positive and proactive Realtor to help you find your next house!
Call or text 719-659-9482 for information on Buyer's Representative Services NO COST TO HOMEBUYERS
Search entire Colorado Springs area MLS for FREE: http://www.berniemcdonnell.com/search
Get a FREE report on YOUR HOME'S Value at http://www.berniemcdonnell.com/sell
Where we are not #1...YOU ARE!

Thursday, June 12, 2014

Rockrimmon Neighborhood Colorado Springs

 Pinecliff homes in Colorado Springs Colorado

Rockrimmon Neighborhood Homes in Colorado Springs Colorado

See all photos and full details for all For Sale Rockrimmon Neighborhood Homes in Colorado Springs Colorado. 

This neighborhood is convenient to I-25 on the west side.  Rockrimmon is a neighborhood of comfortable homes built around Rockrimmon Open Space.  It has panoramic bluff views and wildlife. Enjoy the Rockrimmon Trail, 2+ miles that goes through the middle or Rockrimmon.  


You will feel right at home in the Rockrimmon Neighborhood Colorado Springs Colorado.

Request a custom evaluation for your Pinecliff Neighborhood Homes in Colorado Springs Colorado.  

Affordable Spacious Homes

This lush area with its mature-treed canyon walls and mesas has homes from 2,000 to 8000 sq ft.  Built in the 70's through 90's with single family ranchers, bi-levels and tri-levels - most very uniquely individualized - as well as condo and townhome communities - Rockrimmon has a lot to offer. The views are stunning.  Home prices range from $250,000 to over $700,000.

Low or No Down Payment Options!

Homes in the Rockrimmon Neighborhood in Colorado Springs Colorado are approved for FHA 3.5% down payment financing, Conventional 3% down payment financing, VA zero down payment financing, and CHFC Colorado Housing Finance Corporation financing.  Learn more about How To Buy A House With A Low Down Payment in Colorado Springs Colorado by contacting Bernie McDonnell

Conveniently Located in Colorado Springs Colorado

Several parks, trails, and shopping centers are all within a few miles of the Rockrimmon Neighborhood Homes. 6 miles to Downtown Colorado Springs, 14 miles to Fort Carson Army Base, 7 miles to Chapel Hills Shopping Center, 4 miles to University of Colorado, 4 miles to Penrose Hospital, and 18 miles to Colorado Springs Airport. 

The Rockrimmon Neighborhood Homes in Colorado Springs Colorado are a great place to call home. You will not be disappointed if you end up living here. You can find all available Colorado Springs homes for sale on my website.

Free Community & Demographic Reports for Colorado Springs

Gain valuable insight into the Colorado Springs Colorado community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services.    

Schools serving the Rockrimmon Neighborhood Homes in Colorado Springs Colorado include Rockrimmon and Foothills Elementary SchoolsEagleview Middle School and Air Academy High School.  The quality of a school can greatly influence home values in an area. Access detailed information on the these schools, school ratings, test scores by grade, student-teacher ratio, and much more.

Get Free Community Reports For Colorado Springs Colorado
Thank you for reading about Rockrimmon Neighborhood Homes in Colorado Springs Colorado. 
Provided courtesy of Bernie McDonnell - Cherry Creek Properties
Hire a positive and proactive Realtor to help you find your next house!
Call or text 719-659-9482 for information on Buyer's Representative Services 
NO COST TO HOMEBUYERS
Search entire Colorado Springs area MLS for FREE: http://www.berniemcdonnell.com/search
Get a FREE report on YOUR HOME'S Value at 
http://www.berniemcdonnell.com/sell
Where we are not #1...YOU ARE!

Monday, June 9, 2014

4 Reasons to Buy YOUR HOME Now!


Bernie McDonnell, Cherry Creek Properties, bernie@coloradospringsrealty.biz, (719) 659-9482

Here are four great reasons to consider buying a home today, instead of waiting.

1. Prices Will Continue to Rise

The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 30.8% (most optimistic) and 9.4% (most pessimistic).
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Increasing

Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison; projecting that rates will be up almost a full percentage point by the end of next year.
An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

3. Either Way, You are Paying a Mortgage

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:
“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.
But, what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe it is time to buy.
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Wednesday, May 28, 2014

CREATE WEALTH - NOW IS THE TIME TO BE A MOVE UP HOME BUYER

CREATE WEALTH - NOW IS THE TIME TO BE A MOVE UP HOME BUYER



The opportunity that exists in real estate today is there for everyone.

However, the family that already owns a home might be thinking that, if they wait, their home could be worth more next year than it is now. And that may cause them to delay moving up to the home of their dreams thinking it makes good financial sense. Actually, the opposite is true. This is the best chance a family has to buy up into the home that makes sense for their family right now.
We must realize that whatever percentage of value we gain on our house will also be gained on our dream home.

Let’s assume your current home is worth $500,000. Your house will be worth $520,000 next year if prices rise by 4% over that time (a number projected by the Home Price Expectation Survey).

However, the $750,000 home you are hoping to move into will also appreciate by about that same 4%. That means next year it will be valued at $780,000. You wouldn’t make $20,000 by waiting. You would actually be losing $10,000 ($30,000 - $20,000).

And, you will pay a lower interest rate on the mortgage than you probably will next year.

Plug in the numbers that apply to your house and the home you are longing to buy and see what the bottom line turns out to be for you. That is how wealth is built in this country - by purchasing real estate at the right time, at the right price and at the right terms.

Go out and find your family's dream house and buy it! Ten years from now, you will be glad you did!

Bernie McDonnell   GRI   SFR   CMHS
Cherry Creek Properties
6189 Lehman Dr
Suite 103
Colorado Springs, CO  80918
Phone:  719-659-9482           Text "CCP87" to 32323 for the best mobile app to search for homes
Fax:  719-434-2289
  
 Cherry Creek Properties - where we are not #1 - YOU ARE!

Friday, May 9, 2014

10 Things NOT to do When Applying for a Real Estate Loan

click on the pic above for more info 
The Ten Commandments
When Applying for a Real Estate Loan
Bernie McDonnell, (719) 659-9482, www.berniemcdonnell.com


1.     Thou shall not change jobs, become self employed or quit your job.

2.     Thou shall not buy a car, truck or van (or you may be living in it)!

3.     Thou shall not use charge cards excessively or let your accounts fall behind.

4.     Thou shall not spend money you have set aside for closing.

5.     Thou shall not omit debts or liabilities from your loan application.

6.     Thou shall not buy furniture.

7.     Thou shall not originate any inquiries into your credit.

8.     Thou shall not make large deposits without first checking with your loan officer.

9.     Thou shall not change bank accounts.


10.   Thou shall not co-sign a loan for anyone.

Tuesday, March 4, 2014

Pinecliff neighborhood Colorado Springs

 Pinecliff homes in Colorado Springs Colorado

Pinecliff Neighborhood Homes in Colorado Springs Colorado

See all photos and full details for all For Sale Pinecliff Neighborhood Homes in Colorado Springs Colorado. 

This neighborhood is convenient to I-25 on the west side.  Pinecliff is a neighborhood of comfortable homes in and around Popes Valley.  It has panoramic bluff views, wildlife and a private entrance to Ute Valley Park. With just two roads providing access to the outside world that are close to each other, people don't wonder through providing Pinecliff homeowners much privacy. You will feel right at home in the Pinecliff Neighborhood Colorado Springs Colorado.

Request a custom evaluation for your Pinecliff Neighborhood Homes in Colorado Springs Colorado.  

Affordable Spacious Homes

This lush valley with its mature-treed canyon walls and mesas has homes from 2,000 to 8000 sq ft.  Built in the 70's through 90's with single family ranchers, bi-levels and tri-levels - most very uniquely individualized - as well as condo and townhome communities - Pinecliff has a lot to offer.  The views are stunning; the neighborhood is exclusive and secluded.

Home prices range from $300,000 to over $700,000.
 Pinecliff Neighborhood Colorado Springs Colorado

Low or No Down Payment Options!

Homes in the Pinecliff Neighborhood in Colorado Springs Colorado are approved for FHA 3.5% down payment financing, Conventional 3% down payment financing, VA zero down payment financing, and CHFC Colorado Housing Finance Corporation financing.  Learn more about How To Buy A House With A Low Down Payment in Colorado Springs Colorado by contacting Bernie McDonnell

Conveniently Located in Colorado Springs Colorado

Several parks, trails, and shopping centers are all within a few miles of the Pinecliff Neighborhood Homes. 6 miles to Downtown Colorado Springs, 14 miles to Fort Carson Army Base, 7 miles to Chapel Hills Shopping Center, 4 miles to University of Colorado, 4 miles to Penrose Hospital, and 18 miles to Colorado Springs Airport. 

The Pinecliff Neighborhood Homes in Colorado Springs Colorado are a great place to call home. You will not be disappointed if you end up living here. You can find all available Colorado Springs homes for sale on my website.

Free Community & Demographic Reports for Colorado Springs

Gain valuable insight into the Colorado Springs Colorado community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services.    

Schools serving the Pinecliff Neighborhood Homes in Colorado Springs Colorado include Rockrimmon Elementary School, Eagleview Middle School and Air Academy High School.  The quality of a school can greatly influence home values in an area. Access detailed information on the these schools, school ratings, test scores by grade, student-teacher ratio, and much more.

Get Free Community Reports For Colorado Springs Colorado
Thank you for reading about Pinecliff Neighborhood Homes in Colorado Springs Colorado. 
Provided courtesy of Bernie McDonnell - Cherry Creek Properties
Hire a positive and proactive Realtor to help you find your next house!
Call or text 719-659-9482 for information on Buyer's Representative Services 
NO COST TO HOMEBUYERS
Search entire Colorado Springs area MLS for FREE: 
http://www.berniemcdonnell.com/search
Get a FREE report on YOUR HOME'S Value at 
http://www.berniemcdonnell.com/sell
Where we are not #1...YOU ARE!

Should I Rent My House If I Can't Sell It?

Home For Rentrecent study has concluded that 39% of buyers prefer to rent out their last residence rather than sell it when purchasing their next home.
The study cites that many homeowners were able to refinance and “locked in a very low mortgage rate in recent years. That low rate, combined with a strong rental market, means they can charge more in rent than they pay in mortgage each month, so they are going for it.”
This logic makes sense in some cases. We believe strongly that residential real estate is a great investment right now. However, if you have no desire to actually become an educated investor in this sector, you may be headed for more trouble than you were looking for. Are you ready to be a landlord?
Before renting your home, you should answer the following questions to make sure this is the right course of action for you and your family.

10 Questions to Ask BEFORE Renting Your Home
1.) How will you respond if your tenant says they can't afford to pay the rent this month because of more pressing obligations? (This happens most often during holiday season and back-to-school time when families with children have extra expenses).
2.) Because of the economy, many homeowners can no longer make their mortgage payment. What percent of tenants do you think can no longer afford to pay their rent?
3.) Have you interviewed a few experienced eviction attorneys in case a challenge does arise?
4.) Have you talked to your insurance company about a possible increase in premiums as liability is greater in a non-owner occupied home?
5.) Will you allow pets? Cats? Dogs? How big a dog?
6.) How will you actually collect the rent? By mail? In person?
7.) Repairs are part of being a landlord. Who will take tenant calls when necessary repairs arise?
8.) Do you have a list of craftspeople readily available to handle these repairs?
9.) How often will you do a physical inspection of the property?
10.) Will you alert your current neighbors that you are renting the house?

Bottom Line
Again, renting out residential real estate historically is a great investment. However, it is not without its challenges. Make sure you have decided to rent the house because you want to be an investor, not because you are hoping to get a few extra dollars by postponing a sale.