5 Reasons Why Palmer Lake Colorado Springs Real Estate Home Buyers & Sellers Choose a Realtor

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. 
The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover. 

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, who knows what these actions are to make sure that you acquire your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $208,000 compared to $235,000 among agent-assisted home sales.” Get the most out of your transaction by hiring a professional.  

5. Do you know what’s really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer? Dave Ramsey, the financial guru advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line:

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of your most important financial decisions of your life without hiring a Real Estate Professional?
Call Julie Ternes at 719-629-6142. Visit www.JulieTernesHomes.com.  Find your dream home here.

Colorado Springs 80133 Palmer Lake Real Estate - 5 Financial Reasons To Buy Your Next Home Now

Now that we are into 2015 many people have their sights set on buying a home. The personal reasons differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership his paper - The Dream Lives On: the Future of Homeownership in America. 
Here are the five reasons, each followed by an excerpt from the study:

1.) Housing is typically the one leveraged investment available.

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”

2.) You're paying for housing whether you own or rent. (See how renters buy homes)

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.”

3.) Owning is usually a form of “forced savings." (Search MLS for Good Home Values)

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

4.) There are substantial tax benefits to owning.

“Homeowners are able to deduct mortgage interest and property taxes from income...On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”

5.) Owning is a hedge against inflation.

“Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”

Bottom Line

We realize that homeownership makes sense for many Americans for an assortment of social and family reasons. It also makes sense financially. 
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Call Julie Ternes, 719-629-6142 with your Colorado real estate questions. Julie helps buyers, sellers, investors, military, relocations, distressed owners, and short sales.
www.JulieTernesHomes.com

3 Questions Home Buyers Must Ask In Peyton - Falcon - Monument - Palmer Lake - Colorado Springs 80831, 80132

If you are thinking about purchasing a home right now, T\there are three questions you should ask before purchasing in today’s Colorado Springs - Peyton - Falcon - Palmer Lake - Monument real estate market.

1. Why am I buying a home in the first place?

This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances. A study by the Joint Center for Housing Studies at Harvard University reveals that the four major reasons people buy a home have nothing to do with money:

• A good place to raise children and for them to get a good education
• A place where you and your family feel safe
• More space for you and your family
• Control of the space

What non-financial benefits will you and your family derive from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.

2. Where arehome values headed?

When looking at future housing values, Home Price Expectation Survey provides a fair assessment. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number. Here is what the experts projected in the latest survey:

Home values will appreciate by 4% in 2015.

The cumulative appreciation will be 23.5% by 2019.

Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 15.1% by 2019.

3. Where aremortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long term cost’ of a home can be dramatically impacted by an increase in mortgage rates. The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae and Freddie Mac have all projected that mortgage interest rates will increase by approximately one full percentage over the next twelve months.

Bottom Line

Only you and your family can know for certain the right time to purchase a home. Answering these questions will help you make that decision.

Call Julie Ternes, SellState Alliance Realty at 719-629-6142 Today or visit www.JulieTernesHomes.com

Colorado Real Estate Home Buyers 80110, 80920 - Experts Agree Now Is The Time To Buy Your Home

There are many people deciding on whether to sign a new lease on a rental property or take the dive into homeownership. Every situation is different. However, with rents, home values and mortgage interest rates projected to rise, buying now might make a lot more sense than waiting until next year. Here are others who seem to agree: An article at NPR:

“Economists see several reasons why 2015 might be a banner year for homebuying — and not just in San Francisco and Miami.”

An article on Consumer Affairs:

“If you have been thinking about purchasing a home, the first half of 2015 might be a good time.”

An article on Fox Business News:

“As rent increases, it simply makes more sense to buy a home.”

Bottom Line

Buying earlier in the year probably makes more sense than putting off the decision.
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How Renters Can Own Their Home

Julie Ternes, Realtor
SellState Alliance Realty
Great Real Estate Service Starts Here
Colorado Springs, CO 80920
719-629-6142
www.JulieTernes.com

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Residential Sales

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Colorado Springs Real Estate Facts For Selling Your Home

Homes Are Selling Faster, Prices Are Up, Buyers Are Very Active
Home sales are up. Median home sale prices are rising. Homes sold under 30 days on market are rising. Currently low mortgage rates are attracting home buyers. First time home buyers are up 32%. It really is a great time to list and sell your home. Need some advice? Call/Text Julie Ternes, SellState Alliance Realty 719-629-6142. Visit www.JulieTernesHomes.com

 We help you sell and move:)

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4 Reasons To Sell Your Peyton Colorado 80831 Home Before Spring

The holiday season is behind us, time to focus on what exciting new experiences 2015 can bring! If you are planning on becoming a homeowner, or moving up to the home of your dreams in 2015, here are four great reasons to consider buying a home now, instead of waiting until spring.

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 15.1% (most pessimistic) and 32.8% (most optimistic). 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 Projected to Increase

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 over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by the end of 2015. 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 Making payments,  Renting or a Mortgage

As a 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.

Contact Julie Ternes at SellState Alliance Realty For More Information And to Help You With Your Colorado Springs Real Estate Questions 719-629-6142 or www.JulieTernesHomes.com

4544 Gunbarrel Drive Colorado Springs 80925 Offerred For Sale MLS 3104354. 3BD 3BA 2 Story

	4544 Gunbarrel Drive Colorado Springs, CO 80925 Residential - Colorado Springs, CO
Home Virtual Tour Photo Gallery Property Map Financing Request Showing Contact Me Julie Ternes FA100049123 Mobile: 719-629-6142: Office: 719-385-8515: Website: Visit Website	Price : $189,900.00 Bedrooms : 3 Bathrooms : 3.00 Square Foot : 2,071 County : El Paso Property Type : Single Family Year Built : 1999 MLS Number : 3104354 click for more information and pictures Property Description Charming 2-story family home; clean and ready to move in! Open-concept first floor with new carpet throughout, dual living area/great room with cozy two-sided gas fireplace, built-in shelving, eat-in kitchen, master suite with walk-in closet, alarm system, A/C and fully-fenced back yard! Newer roof (2013) and brand new water heater. Large unfinished basement ready for your inspiration! Nicely maintained area minutes from Fort Carson & Peterson AFB and close to the booming Mesa Ridge Parkway shopping corridor.,Please use booties provided. Leave card on kitchen counter, turn off lights, lock doors. TEXT/CALL Julie Ternes, sellState Alliance Realty For More Information and To Tour This Home at 719-629-6142. www.JulieTernesHomes.com *listing courtesy of Krista Fowler, SellState Alliance Realty Features List Move In Ready Gas Fireplace Fenced Yard New Roof Basement Close to Shopping
Equal Housing Opportunity.	SellState Alliance Realty : 9475 Briar Village Point, STE 215 - Colorado Springs, : 719-629-6142

Calling All Colorado Springs Real Estate 80921 Home Buyers! The 3% Down Payment Makes a Comeback -Contact Julie Ternes 719-629-6142

New programs available for first-time and lower-income homebuyers.

Julie Ternes, Realtor

SellState Alliance Realty

Colorado Springs, CO 80920

719-629-6142

www.JulieTernesHomes.com

Socking away enough for a down payment isn’t easy. In fact, recent research found that, with Americans’ current savings rate, it would take the average buyer as long as 12 years to build up a 20% down payment on a median-priced home.

Fannie Mae announced an option for qualified first-time homebuyers that will allow for a down payment as low as 3%.

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As a result, many first-time, younger and lower-income homebuyers have been largely left out of the housing market in the years since the recession.

Now, Fannie Mae and Freddie Mac are hoping to change that. The mortgage giants announced on Monday that they would begin backing mortgages with down payments as low as 3%. Fannie’s program will start this month; Freddie’s will begin March 2015.

The catch? Borrowers would have to meet strict standards to be eligible, such as a credit score of at least 620. The program would also only be available for first-time homebuyers, those who haven’t owned a home in a few years, and people with lower incomes. Further, borrowers would be required to undergo home-buyer counseling and purchase private mortgage insurance before signing on the dotted line. And those eligible for the program would likely have to meet other measures to offset the increased risk, like boasting a low debt-to-income ratio.

It's recommended to have mortgage payments of no more than 28% of monthly take-home pay.

For real estate advice, to sell or buy your next home, call Julie Ternes, SellState Alliance Realty, 719-629-6142 or go to www.JulieTernesHomes.com