Colorado Springs Real Estate: June 2010

Colorado Springs Homes- 1147 Royale Drive

$164,900

This Darling Brick Rancher is Primly Located Near Colorado Springs Fort Carson, Shopping, Restaurants, Schools, Hospitals and More! There is Curb Appeal Galore in This Well Cared for Colorado Springs Home. This is Truly the Nicest Home in the Area, it Won’t Last Long!

à Darling Brick Rancher

à Curb Appeal Galore With This Well Cared For Home

à Bright & Open With Skylight to Let in Natural Lighting

à Situated On Spacious Corner Lot

à 2,188 Square Feet

à Main Level Master Suite

à 4 Bedrooms

à 2 Updated Full Baths That Include New Tile & Fixtures

à Great Room With Cozy Wood Burning Fireplace

à Hardwood Flooring In Living Room & All Bedrooms

à Remodeled Gourmet Kitchen With New Maple Cabinets, Custom Tiled Countertops, Center Island, and Tiled Flooring

à Kitchen Includes Modern Appliances

à Newer Exterior & Interior Paint

à Newer Quality Composite Roofing

à Main Electrical Panel Replaced Less Than 1 Year Ago

à Brand New Garage Door With Opener

à Security System Included

à Top Of The Line Karastan Carpet in Finished Basement

à Oversize 34X13 Family Room Perfect For Entertaining

à Room For Theater Area & Pool Table

à Large Laundry Area With a Wash Sink

à Washer & Dryer Included

à Plenty Of Storage & Shelving In Laundry Area

à Relax & Enjoy the Private Covered Patio

à 6 Foot Fence For All Of Rear Yard

à Play Set Included With Lots Of Room To BBQ & Have Fun

à Gorgeous Mature Trees, Provide The Perfect Shade & Privacy

à Nice Landscaping In Front & Rear Yard

à Extended Driveway To Side Of Garage

à Conveniently Located Near Military Installations

à Blocks From Schools, Parks, Shopping & Medical Facilities

à Nicest Home In The Area, Will Not Last Long!

Park Avenue Properties

Tanya Stevenson-Becht & Sandy Daniels

719-548-9900

www.ColoradoSpringsEhomes.com

office@parkavehomes.net

0 comments • Tanya Stevenson-Becht • June 21 2010 12:50PM

Colorado Springs Real Estate - Understanding a Purchase Contract

It is very important that you know exactly what you are agreeing to do when you are completing your Colorado Springs Home purchase and sales contract. The following terms and tips will guide you along the way as you purchase your home in Colorado Springs.

Parties - You and the sellers name and contact information.
A legal description of property – Explains exactly what you’re buying and how the city officially views the property.
Offer or purchase price of property – How much you agree to pay for the property.
The date of the contract – The date you signed the contract.
The closing date - The date you and the seller are expected to transfer payment and ownership to each other.
Down payment amount – The amount you will contribute towards the purchase price in the form of cash or down payment assistance.
The terms of any escrow agreement – The exact actions and or professional services used in order to hold the deposit money and perform certain services.
Contingencies – Conditions to be met before transferring money and ownership.
Title Condition – The agreement that the seller will be able to sell a clear and trouble-free title of ownership to you.
Loan amount and conditions – How much you are borrowing from a lender and the terms of your mortgage.
Resolving disputes – How you and the seller will handle any issue which arises and cannot be resolved peacefully.
Personal property and fixtures – What is included with the house when you buy it.
Usage rights – What exactly you own and can use when you buy the property – more of an issue when buying condos, town homes and co-ops.
Payment to agent – The amount the real estate agents are getting compensated.
Additional Fees – Covers various fees such as title insurance, deed preparation fees, notary fees, transfer taxes, escrow fees, title search fees etc.
Escrow holder – The party holding the deposit funds.
Assessments and pro-rations – Details how the yearly taxes the sellers may have already paid, mortgage interest etc. will be paid and by whom.
Contract expiration date – When the contract expires and is no longer legally binding.
Damage to property – Details what will happen if the house is damaged or destroyed while in escrow or under contract with you before closing.
Possession – When the seller will move out and you can move in.
Time is of the essence – You and the seller must have the closing before the expiration date or the contract is null and voided.
Seller representations – Details the promise the seller states to be true about the condition of the house you are buying.
Entire agreement – Statement insuring that the purchase and sales contract is the only agreement between you and the seller.
Signatures – The final action that makes the contract legally binding.