The Brian Petrelli Team Blog

Located in the northeast section of Colorado Springs, Woodside at Briargate is a fantastic area offering single family homes starting in the mid $100’s and going as high as the high $200’s.

HUD recently listed a terrifically priced home in this neighborhood with 3 bedrooms, 3 baths and over 1,600 square feet. Priced at just $180,000, this home offers an amazing opportunity to buy a spacious home with a ton of potential. This great home also boasts a spacious kitchen, 2 car attached garage, fireplace and a large living room.

If you would like more information about this home, or any of the other available Colorado Springs foreclosures, call our team at  719-641-4209. We can help you with any of the available Colorado Springs homes for sale and help you make the right choice when buying you rnext home.

Woodside at Briargate:

HUD Owned Home 4325 ramblewood dr colorado springs 80920 $180,000.00

Beds: 3 Fin Sq Ft: 1613 Baths: 3 Year: 1985 Acres:0.114 # of Photos Avail: 11 V-tour Available: No MLS #: 777910 Status: Active Listing Office: westfall & co. mktng & mgmt gr

Broker Remarks: hud owned*sold as is*large kitchen*seperate dining room*large living room*spacious family room with fireplace*laundry ro… more…

If you are looking at Colorado Springs homes for sale, HUD has some terrific offerings on Colorado Springs foreclosures. Many of these homes are FHA eligible and have the option for a buyer to use a 203k mortgage to finance in any repair or fix up costs. Call us today for a list of these homes.

We are helping several of our clients looking at Parker homes. One of our clients is considering making an offer on a home located in The Villages of Parker, and we prepared a detailed pricing report for them.

We have attached a portion of that report below to help give you a better understanding of what homes in that neighborhood are selling for. If you would like a more detailed report, give our team a call at 303-726-1874. We’d be happy to provide you with all of the information you need.

If you are not familiar with the area, The Villages of Parker is located roughly a mile east of Parker Rd, just south of Main Street. It offers easy access to the surrounding areas as well as I-25 and C-470.

Remember, this report includes all of the Parker foreclosures and Parker short sales in the neighborhood as well as the more traditional sales. These distressed property sales impact the prices and values of homes differently – especially on appraisals. If you’d like to have a detailed discussion with one of our Parker homes experts, give us a call. We’ll help you understand this complicated market.

The Villages of Parker:

Sold

Based on information from Metrolist®, Inc. for the period August 2012 through February 2013 Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

Our team is excited to announce our newest listing in the Summer Valley Aurora Homes neighborhood by Diane Nazminia. This is a fantastic area just east of Cherry Creek State park just north of Smokey Hill rd.

This new listing is in fantastic shape and shows what true pride of ownership looks like. With 3 bedrooms, 3 baths high efficiency furnace, finished basement and large backyard this home will sell quickly. in fact, we have already had several inquiries, so if you are interested in seeing the home, give us a call today at 303-726-1874.

Summer Valley Aurora Homes:

4842 s pagosa way aurora 80015 $174,900.00

Beds: 3 Fin Sq Ft: 1586 Baths: 3 Year: 1981 Acres:0.11 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1159775 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: extra nice traditional two story shows pride of ownership,newer top of the line high efficiency furnace. 3 bedrooms on u… more…

Most Aurora homes for sale are moving very quickly. With the decrease in the number of Aurora foreclosures and Aurora short sales, we’re seeing the standard, individual owner sales gaining more attention and selling very fast.

If you are in the market, make sure you have one of our agents set you up on a daily email alert so you don’t miss any of the best deals on Aurora foreclosures and Aurora short sales when they hit the market!

We help buyers every month buy a home using one of the many Down Payment Assistance programs available in Colorado. Few buyers are aware that there is a fantastic program available for buyers looking at Colorado Springs homes who need help with their down payment.

This program is provided by El Paso County and allows home buyers to qualify for a grant equal to 4% of the mortgage amount. Buyers use this grant in conjunction with a 30 year fixed rate FHA or VA mortgage and then are able to purchase any FHA eligible home.

Called the “Turnkey Mortgage Program,” this loan program has surprisingly little in the way of qualifications. Here are the key figures:

• Maximum income: $88,900 for 2 borrowers, $103,700 for 3 or more borrowers
• Maximum purchase price: $283,000
• Buyers DO NOT need to be first time home buyers

You can read the full requirments here.

This is a fantastic program and buyers can use it to buy any home that meets the above qualifications and qualifies for an FHA or VA loan. This includes many Colorado Springs Foreclosures and HUD homes.

If you are looking at Colorado Springs homes and are struggling to come up with the down payment, give our team a call at 719-641-4209 today and we can get you started on this Turnkey Program. We can get you in touch with the approved lenders for this program and get you on the way to buying your home fast.

Don’t miss out on these incredible mortgage rates. there has never been a better time to buy a home!

The numbers are absolutely staggering. According to the latest report from Metrolist, the inventory of Denver homes for sale is at a 23 year low. Talk to any of our agents, and they will tell you just how difficult this is making finding buyers homes.

From The Denver Business Journal:

The number of homes available for sale in metro Denver dropped to the lowest level for a January in 23 years, according to a Metrolist Inc. report issued Friday.

That inventory level stood at 7,094 homes, 8 percent less than in December and 32 percent less than January 2012, the report shows, further bolstering the emerging seller’s market.

Though at 2,953 the number of homes sold in January was 13 percent lower than the previous month, it was still 20 percent higher than a year ago. And the number of homes that went under contract last month jumped 43 percent from December.

This incredible lack of inventory has completely changed our approach with our buyer clients looking at Denver homes for sale. In the past, many buyers would take a day or two to “sleep on it” before they wrote an offer. Now, many times the first day a property is listed there are several interested parties and we need to explain the urgency of making a strong offer fast.

We also consider to emphasis the prime opportunity to sell for our clients looking sell. While spring and Summer is traditionally the best time to list your home, if you are able to list now, the total lack of competition can make your home stand out and help you get top dollar.

Keep in mind, the inventory for Denver Foreclosures and Denver HUD homes is down as well. In certain areas and neighborhoods, foreclosure homes are generating over a dozen bids. If you are interested in making successful bids on these types of properties, call our team of experts today. Only the top agents are helping their buyers win these bids, and we can show you how we’re getting it done.

The market for Colorado Springs Foreclosures is getting more competitive. Recently, HUD released a new listing in the Stratmoor Hills Colorado Springs homes neighborhood. Just south of Quail Lake Park, this neighborhood offers easy access to I-25 and the entire South Colorado Springs area.

This is a 4 bedroom, 2 bath ranch home with over 2,200 finished square feet. The backyard offers a huge deck, views of Cheyenne Mountain and a horseshoe pit.

If you are interested in this, or any of the other Colorado Springs homes for sale, give our team a call at 719-641-4209.

Colorado Springs Foreclosures:

20 e clover cr colorado springs CO 80906 $155,000.00

Beds: 4 Fin Sq Ft: 2240 Baths: 2 Year: 1984 Acres:0.196 # of Photos Avail: 14 V-tour Available: Yes MLS #: 717188 Status: Active Listing Office: home pride realty

Broker Remarks:  beautiful rancher in stratmoor hills with tons of upgrades, beautiful custom tile bath, wood floors, living room with bay window and fireplace. 3rd bedroom on main level is currently an office with built in bookshelves. finished basement with bedroom , bath, laundry and huge family room with room for a pool table and still plenty of room for entertaining. backyard is an entertainer delight with tear yard that has… more…

The market for Colorado Springs homes is changing, and values in each individual neighborhood are different. If you would like us to run numbers for a specific area or neighborhood, give us a call. We’re here to help.

After several months releasing only a few Highlands Ranch homes, HUD has released 4 Highlands Ranch foreclosures in the past 2 weeks. These properties tend to attract multiple bidders and prices can rise rapidly prior to a home going under contract. We’ll see how the market responds to this slightly increased inventory.

In the meantime, we wanted to make sure you were aware of the two newest homes on the market:

Highlands Ranch Foreclosures:

The first home is located in the Eastridge Highlands Ranch area and offers 4 bedrooms, 2 baths and nearly 1,600 square feet for just $212,000. The home is in good shape, but like most HUD homes, needs a little work. If you would Like to see this home, make sure you call us ASAP at 303-726-1874.

HUD Owned Home 9356 cheshire ct highlands ranch CO 80130 $212,000.00

Beds: 4 Fin Sq Ft: 1590 Baths: 2 Year: 1987 Acres:0.16 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1158545 Status: Active Listing Office: the colorado real estate co.

Broker Remarks: great opportunity in highlands ranch! this bi-level home has a covered deck with mountain views and a spacious backyard…. more…

The second HUD home just released in Highlands Ranch is also in the Eastridge Highlands Ranch area. This home is larger with nearly 1,800 square feet. The home has 3 bedrooms, 3 baths and hardwood floors throughout the main level (see pictures on our website). This home is an incredible deal at just $225,000!

HUD Owned Home 9680 parramatta pl highlands ranch 80130 $225,000.00

Beds: 3 Fin Sq Ft: 1790 Baths: 3 Year: 1996 Acres:0.10 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1158425 Status: Active Listing Office: alpine real estate

Broker Remarks: rare ranch in highlands ranch, low maintenance yard with deck and access from kitchen or master bedroom. clean, very wel… more…

Both of these Highlands Ranch foreclosures follow the same rules as all Denver HUD homes. Bidding is closed for a set period of time and then all submitted bids are considered. If you are interested in either of these, contact us today, because they, like most Highlands Ranch homes under $300,000, will sell fast!

We have buyers calling us constantly asking for Highlands Ranch Patio Homes. We’re pleased to announce that we have the only active Patio Home Listing in Highlands Ranch!

This gorgeous home is located in The Villages in Highlands Ranch and is absolutely stunning. With Hardwood floors throughout the main level, two bedrooms and a loft upstairs and a central fireplace, this home has everything you would expect in a patio home and more: Private backyard, stainless stel appliances, tile in all bathrooms, vaulted ceilings. In addition, your HOA dues cover front yard maintenance, a private community pool and access to all the Highlands Ranch Recreation facilities!

This home was listed yesterday and the activity has been intense. We cannot stress enough that if you are interested in this home, CALL US TODAY! This one will not last through the weekend. You can reach our team at 303-726-1874.

The Villages Highlands Ranch:

1281 braewood ave highlands ranch CO 80129 $234,900.00

Beds: 2 Fin Sq Ft: 1274 Baths: 3 Year: 1998 Acres: # of Photos Avail: 5 V-tour Available: Yes MLS #: 1158811 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: highly desirable, gorgeous patio home in highlands ranch! two bedrooms plus a loft. dark wood floors throughout the main… more…

If you are interested in Highlands Ranch Patio Homes, give us a call and let us know what you are looking for. These homes are rare and when they become available, they sell quickly. We can set you up on a daily alert for Highlands Ranch Homes that match your requirements so that you don’t miss out on the best homes.

There have been some great deals on Colorado Springs Foreclosures the last few weeks. This listing in Sunrise Terrace caught our eye this morning as we were searching for a client, and we wanted to highlight it here.

This is a 2 story HUD home with 3 bedrooms (plus office), 3 baths and over 2,800 square feet. The 2,800+ square feet does not include the unfinished basement – giving you plenty of room to expand. The home needs some work, but at this price, it is a tremendous value.

If you would like to schedule a time to see this, or any other Colorado Springs homes for sale, give our team a call. We can help you with Colorado Springs foreclosures, short sales or any of the more traditional sales. You can reach our Colorado Springs team at 719-641-4209

Sunrise Terrace Colorado Springs Homes:

6971 ketchum dr colorado springs, CO 80911 $199,000.00

Beds: 3 Fin Sq Ft: 2822 Baths: 3 Year: 2004 Acres:0.33 # of Photos Avail: 14 V-tour Available: Yes MLS #: 792211 Status: Active Listing Office: keller williams performance re

Broker Remarks: 2 story with 3 bed,3 bath, 3-car garage, nice neighborhood, great kitchen, fireplace, main level office, upper level has… more…

Remember, the best homes are moving quickly, so if you would like us to set you up on a daily email alert for the newest Colorado Springs homes, give our team a call.

There is more good news to report for the market and prices of Denver Homes. The latest CoreLogic report shows that for the 11th straight month, Denver home prices have have increased year over year. The latest numbers available from are for December of 2012 and show that prices for Metro Denver Homes rose by 9.5% from December of last year.

This is a very significant increase and shows that the Denver market is on a steady uphill climb. These numbers include “distressed properties” (Denver foreclosures and Denver Short Sales). If those Denver distressed Properties are taken out of the calculations, the price increase is still 8.3%.

From The Denver Business Journal:

Those prices for the Denver-Aurora-Broomfield area grew 9.5 percent in December from a year earlier, including all distressed property sales, the report states. Though prices slid slightly from November to December, 0.5 percent, that’s normal for the annual seasonal slowdown.

Without the distressed — short sales or real estate owned (REO) property — prices grew 8.3 percent year over year and 0.1 percent from November 2012, CoreLogic said.

Another national report released Tuesday, home sales data website company Trulia (NYSE: TRLA), labeled Denver’s market “booming” with “big price increases and healthier market fundamentals” along with San Francisco, Seattle, San Jose and Salt Lake City. No specifics about the Denver market were provided in the report.

Nationally, home prices increased 8.3 percent from December 2011, the biggest increase since May 2006.

These Coreogic numbers are very close to the other market numbers we have been reporting and are consistently increasing even when Denver foreclosures and Denver short sales are taken out of calculations. If you are thinking of buying a home, waiting may cost you $1,000’s of dollars. With prices rising and interest rates starting to creep up, now is the time to buy.