CSBJ: Average rents rising…

some interesting data on the state of the rental market here in Colorado Springs.

We are happy to help you find a home, rental or purchase. Please give Rob the chance to earn your business; call 719-440-6626 or email rob.thompson@theagencycolorado.com or rob@rtrcolorado.com.

What is a “Buyer’s Agency agreement?” (and why does my agent want me to sign one?)

When you make contact with a real estate agent with the intent to buy a home, we will often ask about a buyer’s agency agreement. Specifically, we’ll often ask you to sign with us under this agreement.

What does this mean and why do we do this?

A buyer’s agency agreement is an agreement to use the agent to purchase a home. It does not obligate you to buy a home. Rather, it obligates you as the buyer to use that agent to do so, if they find you a home. An agent will ask you for this as it protects their time, too. We will work many hours to find you a home — this agreement protects that investment of time.

The agreement is not one sided, though. Far from it! For you as the buyer, it establishes a fiduciary relationship with your agent. Here in Colorado, the buyer’s agent:

“…works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer.” (Colorado Definitions of Working Relationships disclosure, 2013)

The specifics of the contract with your agent vary, from duration of the contract (how long will they be your agent for?) to the holdover period (if your contract expires but you buy a home the agent showed you within a certain timeframe afterwards) but the intent is to establish the aforementioned fiduciary duty and protect the interests of all parties.

If you have any questions, please give Rob a call at 719-440-6626.

DISCLAIMER: This post is informational only; it is not legal advice and I am not an attorney. Always consult an attorney if you have any legal questions.

VA loans rock

If you are entitled to a VA loan, you should know these are an incredible entitlement. The loan allows you to buy a home with no money down at market rates. How much home can you afford? This calculator can help you decide.

VA Loan Calculator

If you’re looking to buy or sell in the Colorado Springs area, please give Rob a call at 719-440-6626.

For Sale – Lease Option! 500 Columbine Rd, Palmer Lake, CO

Check out this home in Palmer Lake, CO. This home is offered as a lease option for $255,000. ‘Traditional’ buyers welcome, too. Please call Rob at 719-440-6626 or email me at rob@rtrcolorado.com for specific information.

New regulations coming for homebuyers soon…

…looking to buy soon? It may behoove you to lock that loan in this year. Talk to your lender or give me a ring and I can give you the contact # of a good guy I know.

Looking to buy or sell in Colorado Springs? Please give me a chance to earn your business. Call Rob @ 719-440-6626!

What is the MLS?

The MLS is the most accurate system for information on homes. Zillow and Trulia, etc., are good resources but trail by days if not weeks or months in data updates and accuracy.

Here’s a good overall rundown on the system.

If you’re looking to buy or sell in Colorado Springs, please call Rob @ 719-440-6626!

Open House! – 7345 Owings Pt, Peyton, CO – offered for $167,000

Open House today from 1-4 PM in Peyton! Looking for a home close to Peterson? Check out 7345 Owings Pt. Use me as your agent to purchase this home and receive special buyer’s incentives! Call Rob at 719-440-6626!

http://www.zillow.com/homedetails/7345-Owings-Pt-Peyton-CO-80831/71717062_zpid/

Colorado Springs in top 35 cities to live…

According to the “Livability Index.” Personally, I think it’s #1!

Whether it’s 35th or 1st, if you’re looking to buy or sell a home in Colorado Springs, please call Rob at 719-440-6626!

Colorado Springs sees 16 months increased prices in homes…

…this is a great place to live, as evidenced by the sixteen month rise in home prices and sales we’ve seen in our city.

This is good news for sellers. Additionally, combined with still near historically low mortgage rates, buyers who are looking to move into the city can still get good deals!

Looking to buy or sell in Colorado Springs, please give Rob a call at 719-440-6626!

Colorado Springs named in top ten places to retire!

CNN Money has named the Springs as one of the top ten places to retire. I agree! Shortly after we PCSd here, we decided we’d be staying forever.

Looking to move here? Call Rob @ 719-440-6626!