OFF MARKET
6602 Summer Grace St, Colorado Springs, CO
Colorado Springs Realtor Patricia Beck, providing real estate services to home buyers and sellers.
Colorado Springs Real Estate information and tips for home buyers and sellers.
SOLD!


This bright home is as IMMACULATE as they come! Quiet neighborhood conveniently located near shopping centers, Villa Sport Athletic Club, New Hospital, schools. Quick and easy access to Powers. Huge master bedroom offers his & her closets with adjoining 5-piece bath. Beautiful hardwood floors adorn the main level. Spacious kitchen offers 42” kitchen cabinets, island, and pantry. Home is wired for surround sound on main level and basement. The basement is professionally finished with a recreational room, large bedroom, tile bath, and storage room! AWESOME Pikes Peak Views!!
· 2,624 total sq ft!
· 4 Beds/4 Baths
· Finished basement!
· Auto Sprinklers
· Solid Hardwood Flooring
· Kitchen Island and pantry
· Newer Interior Paint
· Beautiful ceiling fans!
· Wired for surround sound
· Vaulted Ceilings
· Level Lot
· Greenhouse
· School District 11
· MLS #435632

OFF MARKET

3,807 total sq ft!
5 Beds/4 Baths
3-car garage
Large Master bedroom with adjoining 5-piece bath
Upgraded carpet, tile, and hardwood flooring!
Kitchen Island, Tile Countertops, and pantry
Main level office
Huge laundry room!
Security System (leased)
Large Lot!
School District 49
MLS #562604
To view the virtual tour Click Here

SOLD!
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When taking buyers through homes in Colorado Springs, they often have something to say about the property while walking through it: "The paint on the walls is repulsive!", "I love the kitchen.", "What is that smell?", "I can see the neighbor's junk pile from this backyard!"
Of course, the buyers can freely communicate about the property when the seller is not there but what about when the seller stays inside the home during the showing? Well, let's just say, it is uncomfortable for many buyers. So if you are a seller reading this, please do not stay home during showings! Buyers always cruise through the house quickly when the homeowner is there and feel like they cannot ask questions or say much because the seller is present. Some even buyers even tell me "let's just go on to the next house."
Often times, I am not even told by the real estate office that the seller will be present and that makes it even more awkward for everyone. I recently had a seller say: "Come on in, feel free to take a look around the house, I didn't have anywhere to go so decided to stay here." What?! Please, go anywhere else except staying at the house! Did your realtor not tell you that important little detail? I took another pair of clients into a home they were interested in looking at a second time and the whole family just sat on the couch staring at the walls during the entire showing...my buyers did not feel comfortable taking a look in the living room since they were all sitting in there.
If you absolutely have to be home, it might be a good idea to at least step outside during the showing if the buyers are with a realtor. One little piece of advice: Please do not walk around with the realtor and the buyers giving them a lengthy tour of your home. Some of the details you have about the home may be important for the buyer to know so relay the information to your realtor to pass along to the buyer's agent instead of bombarding the buyer while they are there. I have had many buyers get aggravated when the seller starts giving "the tour" down to the last little detail that the buyer could care less about. As a result, the realtor is placed in a little predicament while trying to show the home to their clients as you, the seller follow them around.

Foreclosures in Colorado continue to be high and filings last week reached 915 for all counties in Colorado. Out of the 915 filings last week, El Paso County had 115 filings for foreclosure. Although there are many foreclosures in Colorado, we are no longer one of the top 5 foreclosure states in our country.
I actually have not known anyone personally who was at high risk of losing their home to foreclosure until recently. These homeowners purchased their home in Arapahoe County not even one year ago and are going to stop making payments on their mortgage since they are in over their heads. I reviewed some of the possible options with the homeowners and they are leaning in the direction of foreclosing on the home despite of the consequences the foreclosure will have on their already less than perfect credit. They do not have money to bring to the closing table if they are able to sell and they do not want to receive a deficiency judgment from the lender down the road (lenders have 6 years to file a judgment) as a result of a possible short sale.
After paying their mortgage, there is minimal money leftover to pay for everything else (utilities, groceries, gas, car payments, etc...). One of the homeowner's told me: "Looking back, I wish they didn't approve me for the loan." Ultimately, it is the responsibility of the buyer to ensure they can afford a home but many individuals look to a lender for guidance and this lender put them in a home they could NOT afford. I am wondering how he qualified these homeowners and if he even calculated their debt less income (back end ratio). I don't know what kind of ratios he was using when qualifying them for their 80/20 conventional loan let alone how they were approved for it! In this instance, the homeowners did not create a budget and prior to purchasing this home, looked at a mortgage calculator to find out how much they could afford and figured they could afford the mortgage. Mortgage calculators are useful tools but buyers need to take into account other expenses and debts as well!
If you are looking to purchase real estate in Colorado Springs make sure and qualify with a good and reputable lender. If the pre-qualification you receive is based on your gross income, you may want to re-think how much you can afford to buy. Gross income is before taxes and last time I checked, a large amount of your earnings go to taxes. Instead, look at your net income and then subtract all of your debts every month (car payments, credit cards, school loans, etc...) and you will have a better idea of how much you can really afford. Be wise, don't get into the situation where you pay your mortgage each month and then charge all of your other expenses on credit cards. Before you know it, you will be in over your head in thousands of dollars of credit card debt.
Search the Pikes Peak MLSThere are many good real estate agents in Colorado Springs and if you are planning on selling your home, take the time to interview a handful of agents first. Here are a few questions to add to your list when interviewing a realtor in Colorado Springs.
1. How well does the agent know the area your home is located in?
Some agents specialize in specific areas of the city and may know your area better. Has the agent lived in the area long or did he/she just move here?
2. Is the agent you are interviewing a Realtor®?
A Realtor® subscribes to the Code of Ethics and is a member of the National Association of Realtors.
3. How is the real estate agent going to market your home?
Will they advertise on television, the radio, newspapers, internet, or Open Houses? Some real estate agents may not be willing to hold an Open House for your home, is that a problem for you? Approximately 75%-85% of buyers go online to search for a home in Colorado Springs, is your agent internet savvy?
4. How many years has the real estate agent been in the field and have they obtained any additional designations in addition to their real estate license?
It is important for realtors to continuously stay educated since real estate trends and laws are always changing. Your agent must be knowledgeable and educated in real estate and it is important they have experience.
5. What commission is the agent going to charge and what will that entail?
Make sure and negotiate a commission you are comfortable with and keep in mind that a lower commission may include limited services by some real estate agents.
6. How is the agent going to price your home?
What kind of research does the agent have to back up the price they are recommending? If your home is overpriced it will not sell, it needs to be priced accurately to the current market value.
7. Is the individual an honest and ethical agent? Can you trust him or her?
You may have heard something about the agent from a friend or you may have not heard anything about the agent and are meeting for the first time. Do you feel comfortable with the agent? Do they seem trustworthy, sneaky, transparent...? Do they tell you the honest truth about the market value of your home or just what you want to hear?
8. Does the agent listen to you?
Make sure the Realtor takes the time to listen to you and to the information you have about your home that may be important to know. If the agent does not take the time to listen to you and just talks over you about what they know it may not be a good fit.
9. Is the Realtor working as a full-time or part-time real estate agent?
This is a very important question to ask. Is your agent going to be too busy at his/her other job to answer your phone calls or concerns? How flexible are they? If he/she is working as a part-time real estate agent, is that going to be an issue for you? Will your listing get the adequate attention required to sell?
10. How do your personalities mix?
If you and your agent clash or have different expectations, that can be a recipe for disaster. Make sure you and your Realtor get along and connect because selling your home is going to be a team effort! You need to get along with everyone on your team and have the same game plan. Make sure you feel comfortable communicating with your Realtor; good communication is essential!!