Selling your house doesn’t have to break the bank. There are many ways you can save money when selling your house in Colorado Springs. We have put together a few of our favorites in our latest post! You might think that selling your house in Colorado Springs will be a stressful, expensive, and complicated situation. However, it doesn’t have to be that way. By knowing a few tips and tricks, you will be able to save a fortune on the sale of your home. Keep reading to learn more! Sell As-IsWhile it may not be pretty, selling your house as-is can save you a fortune on repairs and upgrades. You won’t have to deal with any costs or expenses getting it ready for the MLS. There are many investors out there who are looking for a house they can renovate for a profit. These buyers can act quickly and help you avoid repair costs, commissions, wasted time, and other agent fees. There are other buyers looking for a home of their own. They are willing to take on a house that needs some work in order to receive a lower final sale price. You can also choose to work with a professional homebuyer such as HBR Colorado. Because of the high volume of homeowners we work with, we are able to provide top of the line offers and impeccable service. We know the process and have developed streamlined and efficient systems to help you sell your house fast! Sell On Your OwnA “for sale by owner” listing or FSBO can be a great choice for some properties and situations. It can save you money and put you in control of the entire process. This can be a double-edged sword. On one hand, you’ll save on the commission costs and other agent expenses, but you will also be the one doing all the work. Answering questions, showing the property, marketing the house, and handling the paperwork will all be up to you. It can be a lot of work, especially for those without a real estate background. In most cases, an FSBO can be risky and should only be handled by a pro. Negotiate CommissionsIf you decide to hire a Colorado Springs real estate agent to help you sell your home, find out up front what your costs will look like. Make sure you know what is included with your listing agreement so you aren’t hit with surprise marketing fees or administrative costs after the fact. Try to negotiate your commission to a lower rate if possible. There might be a hungry agent out there, confident they will be able to sell your house quickly, so they won’t mind the lower commission. CreditsInstead of spending your time and money updating an old kitchen before selling the house, consider offering buyers a credit towards making renovations of their own. Not only will they appreciate the funds, but they will likely enjoy the fact that they are able to pick their own finishes and design things as they wish. Remember, taste is subjective, and not everyone will agree with the things you like. When you spend a fortune on renovations, you run the risk of putting off some buyers who may have been interested otherwise. Plus, construction costs can add up to more than the original estimates. If you choose to make the upgrades on your own, you run the risk of going over budget. DIY Where PossibleDo you have a great camera? Maybe you consider taking the listing photos on your own instead of paying hundreds or thousands to a photographer. Or maybe you have a drone you could use to take some shots of your property from the air. You could also choose to throw an open house, post your own signs, or handle your online listings if it will mean a decrease in your commission costs. Sell It FastAsk any investor and they will tell you that the longer you own a house, the more it will ultimately cost you. Holding costs add up month after month and can amount to thousands if your house sits on the market for a while. Utility bills, homeowners insurance premiums, property taxes, cleaning costs, repairs, regular maintenance, staging, and landscaping will add up quickly. When you sell your house directly to HBR Colorado, the entire process of selling can be completed in only a few short days. For many sellers in the Colorado Springs area, a direct sale can ultimately be the most lucrative way to sell. When selling your house in Colorado Springs, there are many ways you will be able to save money. Before you decide to list or spend any money on repairs, let us help you determine which selling method will ultimately put the most amount of money in your pocket! Contact us today to learn more about how to save money when selling your property in Colorado Springs!via WordPress https://ift.tt/2JKp1xg
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via WordPress https://ift.tt/2LYE8Vs HBR Colorado offers the best services for area property owners who want to sell their homes for cash. The Colorado Springs company has posted some testimonials from actually sellers on their website. Colorado Springs CO, USA – July 18, 2019 / / -- HBR Colorado and Brian Rudderow are pleased to announce that the firm has posted recent testimonials from We Buy Colorado Springs Houses Cash sellers. The positive remarks from Michael Johnson and Andrew M are appreciated by the property buyers and serve as a reminder to others who may be considering the sale of their residence that the expertise and ready cash is the reason to contact HBR. Michael Johnson and the Johnson family explained, “We asked Brian to flip and sell our house in Arvada, CO one year ago. He and his wife were very professional and quick in the work they did on the house. I would recommend them for anyone that wants to sell without having to sink a lot of money into it. I would give them an A+” – The Johnson’s. For more information click here https://www.hbrcolorado.com/testimonials Andrew M., another seller had a different and more complex issue. He explained in his posted testimonial, “Selling a townhome with a demanding HOA is hard enough, especially when you accrue a home damage assessment of $10,000 added on to your HOA bill. No realtor would agree to post a property for sale in this situation, which is why I went with Brian and his company. We probably set a world record in the time expected to close and officially sell any property, but with Brian’s continued diligence and assurance (to me), the home was finally closed after almost five months. I would highly recommend his services to anyone who is in dire need to sell their home. Great job to Brian and his crew.” There are many reasons who the property owner might decide to sell an existing property. These can be financial, divorce, death, or even poor tenants. The property may also have assessments and liens which would present a financial hardship to the owners. Location and contact more information, visit our site at HBR Colorado – We Buy Houses in Colorado Springs Contact Info: Video URL: https://www.youtube.com/channel/UCFUC3bCmTkTnI3HTVEWGdbw Source: Release ID: 88898539 http://5starsdiscovery.com/news/testimonials-posted-for-we-buy-colorado-springs-houses-cash-firm/0170342/ via WordPress https://ift.tt/2JH2uBx There are many benefits of owner financing for homeowners in Colorado Springs! Learn more about the perks of using a rent to own contract to sell your house in our latest post! Rent to own contracts are not standard boilerplate agreements. There are many aspects of the deal that can be modified to better suit a buyer or a seller. The terms of the lease, down payment, and responsibilities of both the buyer and seller can all vary from contract to contract. When the agreement is structured correctly, a home seller has the potential to come out ahead when all is said and done. Cash UpfrontJust because you opt to use owner-financing, doesn’t mean your buyer will be able to avoid a down payment. When a seller offers financing for a property, even if it is short-term in a rent to own situation, they will still want to collect a down payment up front to secure the deal and to protect the seller from any loss. This upfront cash is often referred to as the option fee, which gives the buyer the option to buy at the end of the lease term. This fee can be anywhere from 2-7% of the final purchase price, however, a smart investor will keep this number on the low side to ensure they aren’t inadvertently pushing away any potential buyers by asking for an option fee that isn’t affordable. Guaranteed IncomeWhen you use owner financing or rent to own agreement to sell your house you will help ensure that you are bringing in an income each month. Your buyer or tenant isn’t going to risk defaulting on their agreement, so you can almost guarantee your money will be received on time every month. Having extra income can mean huge changes for you and your family. It can be like having a second job, without having to do all of the extra work. Many landlords are desperate to find a tenant. When owner financing comes into play tenants will line up at the chance to buy a home outright. A Larger Pool Of BuyersOffering owner financing to help sell your house in the Colorado Springs area will bring in a whole new pool of buyers. People who aren’t able to qualify or afford a down payment on a traditional mortgage will be able to come to you. Of course, you will need to run background and credit checks so you don’t end up in an agreement with the wrong person. But by offering owner financing for your property in Colorado Springs, you will be able to find many more potential buyers for your house. You will also be able to help someone who has a dream of homeownership, but who isn’t quite ready to do it all on their own. Get Your Asking PriceBuyers are usually willing to pay your asking price in exchange for the opportunity to purchase your home. Your price should be reasonable and in-line with what other properties are selling for in the area. You may have to wait a year or two for the house to officially close. If you don’t mind collecting a rent payment, instead of the total profit from the home right away, you’ll likely be able to collect your asking price, without having to lose any money on the sale. You will have the upper hand in negotiations as your buyers aren’t going to want to have their offer be rejected. A Fast SaleBy opening the door to new buyers, you’ll likely encounter many people who will jump at the chance to buy. Typically, you will be able to find a competent buyer right away. A traditional sale could have you waiting for months until a suitable buyer is found. By signing a rent to own agreement right away with a potential buyer, will immediately limit your liability and will help you end a good amount of ownership costs that you had previously been facing. Freedom From ExpensesOnce you have a tenant or prospective buyer in place, typically repairs and maintenance expenses will fall on their shoulders. That’s not to say you are off the hook for all costs, but you will be able to alleviate the majority of the routine repairs and maintenance costs homeowners often face. By eliminating these expenses from your budget each month you will be able to save up even more money toward the purchase of a new Colorado Springs investment property. There is nothing that says you need to hold onto a house forever. The traditional methods of selling don’t always attract the right buyers. Offering owner financing on the sale of your property can quickly tun=rn the tables, helping you find a buyer almost immediately. Learn more about the perks of owner financing for home sellers in Colorado Springs! We’ll answer all of your questions, contact us today! (719) 286-0053via WordPress https://ift.tt/30ONIOR In our latest post, we will help you learn how to make your mobile home stand out when it’s time to sell or find renters for your Colorado Springs mobile home! Call HBR Colorado if you are selling in Colorado Springs! One of the many draws people have to mobile homes is the ease of maintenance. The costs are typically lower than that of a single-family house. If you are hoping to rent out the mobile home, there a number of things you can do to attract the perfect tenants. You can do these same things when selling, or you could avoid the costs and hassles of a listing, and sell your mobile-home directly to HBR Colorado! PlantsAdding plants and fresh landscaping will boost curb appeal and can change the entire look and feel of a property. People make up their minds about a property right away, at least subconsciously. Taking some time to beautify the area can add value and help attract more people to the property. Both buyers and potential renters will love the look and feel nice landscaping can offer. It can be a relatively easy and inexpensive way to add privacy, shade, and nice aesthetics to the property. New Paint or SidingYou can completely revive and restore a mobile home with just a quick coat of paint. While the walls may be a bit different than that of a traditional home, it doesn’t mean that you cannot paint them! There are many different types of paint you can use depending on the material used on the outside of your home. Another option would be to replace the siding entirely. This makes it easy to add insulation or take care of other needed repairs you can make while the walls are down. New SkirtingSkirting is the material that circles the bottom of the mobile home. It ensures pests don’t get in and provides a layer of insulation to your home. Repairing damaged areas and repairing as needed can make the property look entirely different. It can also improve energy efficiency which any future tenant or owner will appreciate. New Outdoor FixturesCurb appeal isn’t just important for single-family homes. When you want to rent out or sell a mobile home in Colorado Springs, making sure the outside looks great is critically important. Adding new fixtures is a great way to update the look without breaking the bank. A few things to update include railings, the mailbox, address numbers, and door hardware. Using these items to freshen up the look of your property will provide you with more perceived value without breaking the bank. A DeckAdding a deck or patio space to your mobile home can turn it into an entirely new place. The extra space allows for more seating and space to entertain guests. Renters and buyers will love the idea of being able to eat outside, sunbathe, or simply relax in a nice space. These things aren’t always available with a standard mobile home. Crown MoldingCrown molding looks great in any home, but it can add particular elegance and refinement when added to a mobile home. In areas that are typically plain and start, adding crown molding will add an elegance and minor architectural elements with big impact. Adding crown molding is a great way to make your Colorado Springs mobile home stand out to potential buyers or renters. No matter what you decide to do to make your mobile home stand out in Colorado Springs, make sure you aren’t spending too much money without any chance of return. In some cases, selling your mobile home directly in Colorado Springs can be the best way to sell. Find out if it’s right for you! Don’t worry about making your mobile home stand out with a direct sale to HBR Colorado! Contact us today for more information! (719) 286-0053via WordPress https://ift.tt/2xX8TBY Are you looking to flip real estate? Maybe you’re wondering if it’s better to hold real estate instead. In this blog post you’ll read about the 4 advantages of flipping over holding in Colorado Springs… Are you thinking about investing in real estate? If so, perhaps you’re weighing your options and wondering if wholesaling, renting, or flipping are your best options. If you’re thinking about flipping in Colorado then here are 4 advantages of flipping over holding in Colorado Springs… Flipping Over Holding — Advantage #1The first advantage of flipping over holding is the quick turnover of income. You can invest in a flip on the first day of the month, make improvements through the following days, and then sell and be completely done with the property in just a couple of weeks or months. This is a huge advantage because it means you don’t have to deal with a lot of problems that occur when you hold properties for a long period of time (such as maintenance and upkeep) plus you also get the benefit of generating your income regularly and getting a full return on your investment within weeks instead of having to wait years. Flipping Over Holding — Advantage #2The second advantage to flipping over holding is that you don’t have to deal with tenants. Investors who buy and hold real estate usually rent it out to tenants… and tenants come with problems! They don’t pay on time, they forgot to pay, they damage the property, and they sneak out in the middle of the night. But with flipping, you’re only dealing with wood, nails, and drywall. These are things you control and you don’t have to worry about whether the tenant is going to steal from you. Flipping Over Holding — Advantage #3One of our favorite reasons for preferring flipping over holding is your ability to influence the selling price (and therefore your return). You see, with a rental property that you buy and hold, you’re limited by the rental income. You can’t charge more than what a tenant is willing to pay and there’s a limit to how much tenants are willing to pay! (And some areas of the country are even rent-controlled.) But with flipping, you can knock down a wall or paint the walls or build a fence or add plants… and all to increase the value. and the best part is: the more you do, the more you can typically increase the value. Flipping Over Holding — Advantage #4Our other favorite reason for preferring flips over holding is the large pop of income. A rental property gives you only a few hundred dollars each month. You may invest thousands and eventually get it all back but in the meantime you only get a small trickle of cash flow month after month. But with flipping (assuming you’ve bought low and sold high) you can make thousands of dollars at once. That’s a big pop of income each month! SummaryIf you’re debating about whether you should flip or hold, there are advantages and disadvantages to each. But these 4 advantages of flipping over holding in Colorado Springs give you a compelling reason to seriously look at flipping as an option for you. If you’re looking for properties to flip, we might be able to help you out. We buy properties in Colorado Springs and would be happy to see if there’s a property that might work for your flipping needs. Just click here and enter your information or pick up the phone and call (719) 286-0053.via WordPress https://ift.tt/30SkjU5 If your Colorado Springs, Colorado house is facing a foreclosure, and you wish to avoid it… or if you just need to sell your Colorado Springs house fast for another reason (you inherited a house, relocating and need to sell, lost your job, agent can’t sell your house, etc.)… then one of the best options that you can consider is thinking about finding someone to buy your Colorado Springs Colorado house for cash. By doing this, you will not only profit by improving your credit rating but also get extra money into your account. Your credit score, which is
an important aspect of your financial life, will remain untainted since you will settle your debt in time, and you can use the extra cash from your sale in other projects. However, you have to study the prevailing market conditions. That is, find out factors that are likely to influence the value of your home… before getting ready to sell it. Remember, when your house is foreclosed, you will lose your property as well as your credit rating. Buy My House for Cash in Colorado Springs, Colorado: The PlanThe first step that you need to take in order to sell your Colorado Springs house fast to someone else with a “buy my Colorado Springs Colorado house for cash” mentality, is to come up with a game plan. Your real estate agent should help you come up with this. Be sure to negotiate with your lender as you contact an agent who is well informed regarding the sale of such properties in your area. The agent should have the latest report on property values in order to help you quote the right price for your house. 1. How fast do you need to sell? This is one of the most important first decisions you need to make… because this really dictates what options you really have. If you have more time… you have more options open to you. If you have less time… your options are a bit fewer… but you still have great options out there. If you need to sell in less than 2 months (or even less time than that), you likely don’t have the time to list your house with an agent. You’ll likely have to try to sell the house yourself (if you know how to) or sell your house to a local professional house buyer like HBR Colorado (or you can call us at (719) 286-0053 and we can make you a fast-fair all-cash offer on your Colorado Springs area house). 2. How much do you need to sell your Colorado Springs house for? Note that above it says “how much do you need” to sell for. If you’d like to sell your house for full retail… but you have to sell your house fast and can’t afford to list it with a real estate agent… determine what you need to get out of your house sale. That’ll help guide you to your true options for selling. If the price you “need” to get doesn’t leave room for a real estate agents commission… you may need to look at selling the house FSBO or getting an offer from a local real estate house buying company like us… to see if that gets you closer to where you need to end up. On the flip side… if you need near full-retail value and you can wait it out for a retail buyer to come along who can pay that price… list your house on the MLS. If you don’t have the time… consider talking to us for a fast cash offer on your house (we can make you an offer in less than 24 hours and close in as little as 7 days if you need to, with all cash). 3. Look into your options and take action! Like I mentioned above, if you’re looking for someone who can say “yes”! when you ask them to “buy my Colorado Springs Colorado house for cash”… the main things you need to determine yourself are:
Once you know those… look at your options below as a quick guide to help you decide which options may work for you with your local Colorado Springs house sale.
We can help you strategize how to sell your Colorado Springs Colorado house fast. Give us a call at (719) 286-0053 for help selling your house fast, or fill out our form to see if your property qualifies for a fast, fair all-cash offer.There are several reasons why you may be thinking “buy my Colorado Springs Colorado house for cash – please let it be that simple” (and it can be). Regardless of your reasons, you need to prepare your house for sale just as you would any other product. A thoughtful preparation WILL turn your home into an attractive option for buyers. Doing it this way, you can sell your house fast and get top dollars. via WordPress https://ift.tt/2JWOUsw Investing in a Colorado Springs condo or townhome can be an inexpensive way to add to or start your real estate portfolio. Learn more in our latest post! There are a number of great reasons why investing in a condo or townhome can pay off big. Below, we offer some reasons why, what you need to look for, and what investing in a Colorado Springs condo can mean for you! The PriceYou can typically pick up a condo or townhome in Colorado Springs for a much lower price than a single-family residence. It can be an easy and affordable way to begin a real estate portfolio or add to an existing one. Many first-time property investors choose to purchase a condo in Colorado Springs as a way to build equity, without the demands of a single-family house. The DemandA condo or townhome in Colorado Springs will be desired by both renters and buyers alike. The affordability in addition to the many amenities provided can make the demand for your condo much higher than that of a single-family home. Maintenance-free landscaping, pools, spas, tennis courts, and play areas are all wonderful amenities that will attract people to your property. Low-MaintenanceA condo or townhome in Colorado Springs will require less maintenance from you than a single-family property would. When you own a condo, the landscaping and the maintenance to all shared areas are included with your HOA fees. The association will also handle problems with the exterior of the building, letting you off the hook for things like painting and damage to the roof. What To Watch Out For…Imposing HOA’s – When you live in a managed community, you are at their mercy. You can’t knock down a wall, or change the color of your unit, or rip out the bushes in the front yard. You may have to deal with an HOA that is overbearing, with strict rules that you and your tenants may find exhausting. Before choosing the community, get to know a bit about the HOA. Ask questions, talk to residents, and make sure you understand how far they are able to reach. Tenants Causing Problems – When you are renting out the house to tenants, especially ones you don’t know personally, you will need to make sure they are the kind of people who aren’t going to bother others in the community and who have a sense of pride in where they live. If one of your tenants is causing disruptions within the community, the penalties are likely to fall back on you. Disagreement With Neighbors – Living in a condo community puts you in close proximity with your neighbors. A disagreement that gets out of hand can cause stress for years to come. You and any tenants you choose to rent to need to be able to resolve any differences fairly and without escalating a situation further than it already is. When choosing where to live, try to get a feel of the neighborhood and what the people living there may be like. Are they friendly? Out and about? Or do people seem to keep to themselves? Rising HOA Costs – HOA costs will typically rise over time. Keep that in mind when thinking about your long term profits. You may also be subject to assessments if there are any major repairs or upgrades being done to the community. Your dues cover maintenance and minor repairs. But things like new roofs, siding, paving, and painting may all be subject to different assessment charges. Make sure you know what to expect, how much rates can rise, and how much is spent in assessments on average each year. Learn more about investing in a condo or townhome in Colorado Springs! Contact us today! (719) 286-0053via WordPress https://ift.tt/2Lx41Mv Do you need to sell a Colorado Springs house? In our latest post, we offer guidance to help you avoid the common inconveniences people run into when selling a house in Colorado Springs! For some properties and situations, selling a house in Colorado Springs can seem stressful and expensive. When listing with a real estate agent in Colorado Springs, you will likely need to make some repairs and prepare the house for property showings. It can be months before a buyer is found. All the while, you are continuing to pay the holding costs, living in limbo while you wait for a buyer. Once you find a buyer, the property will sit in escrow until both parties have fulfilled their respective obligations. This can add weeks to the process. When all is said and done, the seller will face closing costs, fees, and agent commissions at the closing table. There are several common complaints homeowners have when selling their homes using an agent in Colorado Springs.
These frustrating circumstances can be avoided when selling your house directly to HBR Colorado. Working with our team is simple, fast, and rewarding. There are a number of great benefits you will receive with a direct sale of your Colorado Springs home including… Skip Making The RepairsWhen you need to sell a house in Colorado Springs, repair costs can eat away at your profits faster than you may think. Simple cosmetic repairs can turn into something larger, and your budget for making repairs can go right out the door. This doesn’t include any repairs requested by your potential buyers after their inspection has been completed. When you choose to sell your Colorado Springs house directly to HBR Colorado, you will be able to sell as-is, avoiding costs, repairs, hassles, and the wasted time of fixing up a house you to longer wish to own. We believe that you shouldn’t have to pay to sell your house. Instead, keep more in your pocket, using it toward your next property. Don’t Hire An AgentSome agents are great. For some properties, hiring an agent works. However, not all properties benefit from being sold in this manner. When a property needs work or needs to be sold quickly, hiring a Colorado Springs real estate agent can be a gamble. Many listing agreements will require you to pay an agent’s commission no matter who the house is sold. So even if you find the buyer yourself or if you have to settle for much less than you had been advised to list for, you will still have to pay the agents fees and commissions. Choose Your Closing DateWhen you sell your Colorado Springs house directly to HBR Colorado, you won’t have to deal with the headaches and hassles homeowners face when selling the traditional way. This includes being able to choose your own closing date. We can close on most properties in just a few days whereas a typical listing will take weeks or months to officially close. The ability to plan ahead, close quickly, and collect proceeds right away help homeowners enjoy a stress and cost-free way to sell. End The Holding CostsWith a fast and fair sale to HBR Colorado, you’ll be able to immediately end the expenses you are facing in order to own the home. Things like property taxes, homeowners insurance premiums, utilities, and maintenance, will all be a thing of the past. Any investor will tell you that holding a property longer than you should will only cost you more money. If your house sits on the MLS for several months, these costs could be in the thousands. Keep more in your pocket by selling your house today instead of months down the road! Forget The MarketingEven with the best agent helping you, there will be aspects of marketing that fall on you. You’ll need to prepare the property, ensuring it is ready for showings and photos. We’ve all seen the listings with cluttered looking photos. It’s important to take the time to clean up the house before anyone sees it. It’s also important to keep it clean, staged, and appealing to your potential buyers. If needed, you may want to purchase marketing above and beyond what your agent offers. Premium listings and the use of drone photography can be beneficial when showing your property in it’s best light. Now when you sell your house directly to HBR Colorado, you won’t have to deal with any of that. There isn’t any marketing to worry about, nor will you have to do anything to prepare the property for a sale. We make the process simple so you can quickly sell your Colorado Springs house and move on. Let us help you avoid the common inconveniences of selling your house in Colorado Springs! Get in touch with us today! (719) 286-0053via WordPress https://ift.tt/2O4FGzR Sometimes the costs when selling a house can really add up. Once you factor everything in, a traditional sale with a Colorado Springs real estate agent may not be worth it. In our latest post, you can learn how to sell a house without spending any money in Colorado Springs. As a homeowner, you have likely considered what selling your house might mean for you. However, many homeowners avoid selling because they are worried about the costs, wasted time, or hurdles they will face when working with an agent. Before we discuss how to sell your house in Colorado Springs without spending any money, lets first take a look at some of the costs home sellers may face when working with a Colorado Springs real estate agent. Typical Selling CostsRepairsBefore a house goes on the Colorado Springs MLS, there will likely be some repairs that will need to be made to the house before selling. Even the cost of small repairs can add up quickly once you break it all down. Repairing walls and fixing leaky pipes can all lead to more repairs and more money out the door. Make repairs wisely and be sure to properly disclose anything you don’t plan to fix. You should also consider repair requests that may be made after the potential buyer has completed their inspection phase. If the house isn’t appraising high enough for the lenders liking, you might need to spend money increasing the value of the home. UpgradesOften times, homeowners will make upgrades to their property in order to keep it competitive with other homes on the market. While some upgrades can add value, there aren’t any guarantees. Some upgrades don’t add enough value to the property to be worth it. MarketingMarketing can include many things including professional photography, drone services, premium listing placement, listings outside of what your agent provides, print materials, and much more. While some things are included in a typical listing agreement, others are not. To sell the property as quickly as possible, you may find yourself shelling out a little extra to make sure your property gets seen. Just make sure the things you are spending money on upfront make sense in the long run. Listing + Agent FeesWhile some agents are full service, never charging you a dime aside from commission… others are not. You may find yourself looking at separate fees for administrative costs, marketing expenses, or open house fees. Most agents won’t require to be reimbursed for these things, however, if you are looking for top of the line services, you may find yourself paying a bit extra. CommissionsThe agent commissions will amount to about 6% of the final sale price on average. This is a hefty amount to part with, so if you decide to list, make sure your agent is worth their fee! In some cases, you will be able to negotiate the commission rate or find an agent who offers limited service for a flat fee. Closing CostsClosing costs cover things such as a title search, surveys, and loan payoffs. While buyers will pay the majority of the closing costs a seller can expect to pay anywhere from 1-3% of the final sale price in closing costs. When you work with a professional buyer such as HBR Colorado to sell your house, the closing costs can be avoided. Holding CostsPlain and simple, it costs money to own a house. If the house is on the market for a while, you could be looking at a small fortune spent on things such as utility bills, homeowners insurance, property taxes, maintenance, landscaping, and a mortgage if applicable. When you sell your house quickly, it can equate to thousands in savings for things yu would otherwise be spending money on if your home is sitting on the MLS. How To Sell ItSell As-IsSelling your house as-is will save you a fortune as long as you are able to get the property in front of the right buyers. Focus on showing the home’s potential, even including a cost analysis showing an estimate of what the improvements will cost. You’ll want to make sure investors and cash buyers List ItA successful listing will require many of the costs listed above. Save money by choosing a full-service agent so there are no surprises. If you choose to sell without making repairs, consider offering credit for buyers to renovate as they see fit. Sell To A Professional BuyerWorking with a professional seller such as the team at HBR Colorado will allow you to sell your house quickly and for a great price. We’ll work with you to make the process as simple as possible, making sure you don’t ever have to spend a dime. We’re ready to buy your Colorado Springs house so you can sell without spending a dime! Contact us today to learn more! (719) 286-0053via WordPress https://ift.tt/2xYKTys Are you thinking about buying a condo as an investment in Colorado Springs? Dealing with an HOA can be difficult as an investment property owner. You’ll want to stay in the loop and make sure the tenants you have in place are respectful. Learn more about how to deal with an HOA for your Colorado Springs property in our latest post! You often hear horror stories about nightmare HOA’s who impose outlandish rules and site owners with ridiculous fines. However, in many communities, this isn’t the case. Many communities have great associations that help manage the community and improve the residents quality of life. Before purchasing a condo in Colorado Springs, make sure you understand their role, your role, and how to communicate most effectively. Know The RulesEvery HOA is set up a little differently. As such, the rules and responsibilities will be a bit different. While it may not seem like exciting reading material, carefully reviewing the bylaws, regulations, and rules of your HOA is imperative before buying. You don’t want to find out after the fact that you can’t do what you want to do with the property. By knowing the rules, you will be able to stay in compliance and avoid and unnecessary fines or confrontations. You will also be able to ensure the HOA is holding up their end of the deal by enforcing the policies outlined for the community. Be RespectfulWhen dealing with an HOA or owning a property in close proximity to so many other, disagreements are bound to arise. The best resolutions are found when both parties are respectful and take the time to hear each other out. Even if you are upset about something, hold your temper and work toward a peaceful resolution. Remember, these people aren’t going anywhere anytime soon, so you’ll want to keep the relationships are cordial as possible. Stay In The KnowJust because you don’t live onsite doesn’t mean you shouldn’t take an interest in what’s going on. Keep abreast on issues going on in your community. If there is voting happening or an important meeting, be sure to cast your vote or attend the meeting if possible. Put yourself in your tenant’s shoes and what decisions will benefit them. After all, a happy tenant is much more likely to stick around for a while. Tenant ExpectationsWhen you choose to invest in a condo, townhome, or multi-family property, you have to make sure your tenants understand the rules and will act accordingly. They need to be respectful to other tenants as well as the management. Any violation they incur will be passed on to you and can come with financial ramifications. Make sure to include provisions in your lease outlining what will happen if a tenant violates the rules of the community. Make Your Voice HeardIf there is a need, a want, or a problem, don’t be afraid to speak up. Your HOA is ultimately there to serve the residents and owners, helping them with issues that arise. You pay fees to live there, so make sure you are joining a community where you will get your money’s worth. Know How To CommunicateSome associations are best reached by email, others by phone. You’ll want to know the best way to contact the HOA and who you need to speak to. Keep communication open so that members of the HOA know you, your tenants, and how to reach the both of you. Creating friendly and open relationships from the start will help make any issues and differences of opinion easier to handle. Learn more about dealing with an HOA in Colorado Springs! Contact us today! (719) 286-0053via WordPress https://ift.tt/32F6eeg Owning an unwanted house in Colorado Springs can be expensive, frustrating, and burdensome. There isn’t much worse then not liking where you live and feeling as if there is nothing you can do about it. Whether you are living in the house or renting it out, in our latest post, we offer 5 ways to handle your unwanted house in Colorado Springs! Nobody wants to feel stuck owning a house they don’t want. Every expense feels like a burden but you don’t want to just hand it over to a buyer either. Below, we offer several great ways to handle your unwanted property in Colorado Springs! Renovate ItTake a look at how much it will cost to renovate and how that will affect the homes overall value. Maybe you have been putting off repairs for years and feel overwhelmed. But maybe, all the property needs is a good facelift to restore it to its old glory. A quick renovation to the house can have a huge impact on the value of the home, turning it into something you may actually want to hold onto! Find The Right RenterMaybe you are burdened and looking to sell because you are tired of bad tenants, chasing down your rent, or making repairs. Having the wrong tenants in place can completely negate the benefits of owning a rental property. Tenant turnover will quickly kill your profits if you are struggling to find consistent renters. Before you give up on your Colorado Springs property, ask yourself if things would be different if you had the right renter in there. Maybe it isn’t the right house for you or maybe the tenants currently living in your house have soured you to the whole situation, causing you to want to throw your hands up in the air and walk away. Don’t walk away until you think about ways to get the right people in there. A great property manager can help you to screen tenants, ensuring you get the right people in the house, making your investment profitable once again. Sell It Fast, As-IsYes, you may not get retail value, but the quicker you can sell it, the more cash you will be able to hold onto. While your property may not be very pretty, there are always investors who choose to purchase properties as-is. By selling it quickly to an investor or private buyer, you’ll be able to end the holding costs, keeping more money in your pocket overall. Selling as-is saves you from the costs and burdens of having to clean, upgrade, and repair the house. You can choose to list the house in this manner, but you will still be subject to commissions. With a direct sale, those can be avoided. A fast and private sale can save you thousands when you consider the homeowner’s insurance, property taxes, monthly utility bills, routine maintenance, repairs, and landscaping costs you will face month after month as compared to a standard listing on the MLS. Give It AwayIn some situations, simply giving the house away can be the best thing you can do with it. You’ll receive some great tax benefits and will be able to benefit someone else in the process. You can choose to give is as a donation to a charity or you can give it to a friend or family member. If you have no interest in holding onto it and you don’t believe you can get much or it, giving it away may be the best thing you can do in your current situation. WaitHow much is the property really costing you? If the answer is nothing, consider holding onto it for a while to see what happens to the property value. If holding onto it for a few months longer has the potential to net you a few thousand more, it might be worth waiting. Take a look at market trends and appreciation rates. What does future development look like in the area? By holding it, you will be able to sell at a time when you will see the greatest profit… maybe once the area has been built up a bit and is in higher demand. Find A Direct BuyerA direct buyer will usually be able to purchase your house quickly and as-is. This will save you time and money on repairs and holding costs. You can work with private investors or highly-rated, professional homebuyers such as HBR Colorado. If you are looking for a fast and fair way to sell your house in Colorado Springs, we will offer you a no-obligation offer right away! Our process is simple and will give you insight into the true value of your house in Colorado Springs. If you have an unwanted house in Colorado Springs that you would like to sell, get in touch with us today to find out what we can do for you! Contact us today to learn more about the best ways to handle an unwanted house in the Colorado Springs area! (719) 286-0053via WordPress https://ift.tt/2xZj8FG There are many great benefits to adding Colorado Springs condos and townhouses to your Colorado Springs portfolio! Learn more in our latest post! While a savvy investor will stack their portfolio with real estate, they may overlook the benefits of investing in a condo or townhouse. Below, we discuss some of the great benefits investing in a Colorado Springs condo can offer! Low MaintenanceWhen you own a condo, you’ll typically be free of handling landscaping and maintenance to the exterior of the building. While you will be under the jurisdiction of an HOA, you will also avoid the costs and hassles of maintaining these things yourself. Your maintenance costs will be considerably lower and you’ll save time if you would normally do those types of things yourself. As such, you will need to make sure your tenants do not cause any damage to the exterior of the buildings or to the landscaping. Lower CostBuying a condo is usually less expensive than buying a single-family home. You can typically acquire a condo much more easily than a single-family home, giving you a great start on your real estate investment journey. When shopping for condos in Colorado Springs, make sure that low-priced condo you found is actually a good deal, and not something that will end up costing you in the long run. A Larger Rental PoolThere is typically high demand for condos and townhouses. When you own a condo, you’re likely to attract a larger pool of potential renters because of its affordability. In addition, most communities offer amenities and benefits a single-family property isn’t able to offer. For example, by living in your condo, your tenant may be able to access a pool or tennis courts as a perk of living there. Use these benefits when marketing your property to potential renters or buyers! DiversificationSure, you may have real estate in your investment portfolio, but it always pays to have different property types. Having commercial investment, single-family, and multi-family investments can help give you some protection during market changes. Colorado Springs condos and townhouses are low-maintenance ways to add value to your real estate portfolio. They are low-maintenance and in demand by people of all demographics and stages in life. After buying a few properties, you may discover that investing in Colorado Springs condos and townhouses has been your perfect niche all along! Personal UseInvestors will often purchase a condo as an investment upfront and for their own personal use down the road. A condo is great for retirees and can also be a wonderful vacation home. A condo is a perfect size for a quick family trip or a retired couple that requires less space than a large family might. Lower maintenance makes condo investment a great option for investors looking to buy Colorado Springs real estate. Lower Taxes and Ownership FeesOwning a condo will usually provide you with a lower property tax bill as opposed to its single-family counterparts. Lower taxes mean lower ownership costs, which equates to more money in your pocket. You will also avoid having to pay for landscaping and maintenance to the exterior of the building. The convenience and simplicity of owning a condo is the perfect draw for many local investors. Before buying a condo in Colorado Springs, you’ll want to make sure you are familiar with and accepting of the community’s rules and bylaws. You don’t want to have a plan in mind, only to find out you aren’t able to rent out the condo to the tenants you desire. Many associations have rules about this, so make sure you are purchasing in an investor-friendly community. Learn more about adding Colorado Springs condos to your Colorado Springs portfolio! Contact us today! (719) 286-0053via WordPress https://ift.tt/2JH4c5S Before you sell your mobile home, you might consider making repairs and upgrades. Learn more about the upgrades with the highest returns in Colorado Springs! When you want to sell a mobile home in Colorado Springs or rent it out, there are a few great upgrades you can use to increase the value of your property. Or, if you are planning on buying a mobile home yourself, these great tricks will make the property feel like home in no time. Keep reading to learn more about some great improvements you can make to add value to your mobile home in Colorado Springs! LandscapingLandscaping the area around your mobile home can completely change the way the property is perceived. Consider adding some flowers and plants. You can choose to add shade by planting trees or provide privacy by adding some shrubs and hedges. Whether they are in the ground, pots, or raised beds, having plants will not only improve the property’s aesthetic, but it will also make potential buyers or renters feel a sense of home. Exterior ImprovementsYou can also add some great curb appeal by making a few select improvements to the exterior of your property. A deck is a great way to make your mobile home look more like a traditional one. Adding a deck will increase seating options as well as providing a perk you won’t always find with other mobile homes. It will add a great look to your Colorado Springs mobile home and can add tremendous value when it installed at a reasonable price. You can also choose to replace outdoor fixtures such as the doorknobs, mailbox, and address numbers. Small touches can make a big impact on how your mobile home is viewed. Just a few added newer items can help increase the perceived value of the property. Another outdoor fix with a big impact is to replace the skirting which runs around the bottom part of your mobile home. It may not be the first improvement that comes to mind, but it can make a huge difference in the appearance of your Colorado Springs mobile home! FlooringSeeing as most mobile homes don’t have a tremendously large square footage, replacing the flooring, even in only a certain area or room, is a great way to change the look and feel of the property. If the carpet is old and worn, consider a replacement, at least in a room or two. You can even find “scraps” at a discounted price that will be enough to cover a bedroom or living area. This will also give you a chance to view the sub-floor, making sure there are no opportunities for leaks or other structural problems. Light FixturesAdding a few great new light fixtures can completely change the room. Not only will the lighting itself be changed, but you can also make a statement with the fixtures themselves. Choose efficient lighting options that are both practical and stylish. Seeing as most mobile homes have smaller spaces, you won’t need to replace many fixtures to get the change you wish to see. Energy EfficiencyThere are a number of ways to make your mobile home more energy efficient that will help you or the future tenants for years to come. A few things you can do include replacing shingles, adding insulation, or replacing leaky windows and doors. As appliances need to be replaced, choose to replace them with more energy-efficient ones. These changes will not only help save money, but you’ll be helping the environment too! We can help you learn more about the upgrades with the highest returns in Colorado Springs! Contact us today for more! (719) 286-0053via WordPress https://ift.tt/2M09Z8c Are you doing your due diligence before flipping property? If so then make sure you read this blog post to know what are the expenses associated with house flipping in Colorado Springs… Flipping houses can be a high profit investment strategy. But you will only maximize your returns if you are careful about your costs! If you’re wondering what are the expenses associated with house flipping in Colorado Springs so that you can budget effectively then here are seven of the biggest expenses you’ll encounter. Acquisition ExpensesThese are your costs associated with acquiring the property. They will of course include the purchase price of the property but they may also include marketing costs, the costs to meet with the seller, and any clean-up costs, legal fees, or closing costs you cover as a service to the seller. Demo And RenovationThis is one of the more obvious expenses! These are your costs associated with demolition and renovation. It may include cabinets and counter tops, fixtures and appliances, new carpet and windows, etc. These costs are going to be a pretty major portion of your budget in most situations. Team CostsOnce you have all the supplies and raw materials, you need someone to do the work! Even if you do a lot of the work yourself, you might need someone to help you or you might have to hire a licensed tech to do some of the work for you. Carrying CostsThis expense is often overlooked by the “newbie” flipper but you’ll learn soon enough how important these are: Carrying costs are the costs of utilities (power, gas, water, etc.) that you need to pay during the time that you own the property. These expenses will add up, especially if your timeline is extended. The faster you can flip the property, the less money you’ll pay in carrying costs. The Extras (Dumpster Rental, Licensing And Permits)There are plenty of extras that you need to account for in your budget but that you might not realize before you start. These include things like dumpster rental or tool rental or even bringing in lunch for the team! And don’t forget to make sure you have the right permits or you’ll end up with another expense — a fine! The UnexpectedEvery flip since the beginning of time has had an unexpected surprise that threatened the budget and timeline. It could be problems like mold or termites, or just a delay due to inclement weather. Nearly every surprise adds an expense to your project so make sure you plan for it so it doesn’t derail you. Sales CostsYou will also incur costs to sell the property, including marketing and furniture rental (for staging). Be prepared for these costs to they don’t surprise you. SummaryIf you are counting the cost of your potential flip before you start, you’re wise to be asking, “what are the expenses associated with house flipping in Colorado Springs?” Make sure you account for these expenses in your budget. Expenses aren’t necessarily bad — after you all, you have to spend money to make money!
If you’ve read through this blog post, you’re doing a great job of gathering all the information you need to start flipping like a pro! And we’re here to help: we sell real estate properties to investors like you who want compelling real estate that might make the perfect flip. If you want to check out our inventory for your next flip, click here and enter your info or call us at (719) 286-0053.via WordPress https://ift.tt/2XSGP1W Do you know how to determine the true value of your home in Colorado Springs? Whether you are selling your house or not, its a good idea to keep tabs on the value of your home. We can help! Learn how to do it in our latest post! Many sellers think they know what their house is worth but in many cases, their numbers can be off. It is never as simple as relying on Zillow or your property appraiser to tell you how much to sell your house for. Before you decide whether to sell your house directly or hire an agent, you’ll want to determine on your own what you believe it to be worth. There are a few things you can do to get an accurate value of your house in Colorado Springs. Run A CMAA Competitive Market Analysis or CMA, are often prepared by real estate agents, however, it isn’t anything you can’t do on your own. A CMA will take information from recently sold properties in your area, and provide you with an estimate on what your house will currently sell for. The information can be found on any site that shares MLS data such as Zillow or Trulia. You should look at at least three similar properties, comparing them to yours, and adding and subtracting for things like the number of rooms, lot size, and square footage. Average out the sale prices to determine a good base point for the value of your house in Colorado Springs. Many agents will provide you with a CMA free of charge. Just make sure there isn’t a catch, obligating you into a listing you don’t really want or need. Online CalculatorsThere are many great tools out there that will help you determine the value of your home. These calculators can only work based on the information you provide, so make sure your facts are accurate. Some of the sites you can use include Chase, Zillow, Redfin, HomeGain, Remax, and Realtor.com. Make sure to look at a few of these sites, so you can compare the numbers and determine an average. No site is completely fool-proof, and your value might vary a bit from site to site. The calculators may tell you one thing, but at the end of the day it really comes down to supply and demand. Hire An AppraiserWhen you are still questioning the value of your property, hiring an appraiser can give you the professional opinion you need. An appraisal can be performed for just a few hundred dollars and will give you valuable insight into the value of your home. Before choosing an appraiser for your property, take some time to do some research. What are their experience levels and specialties? Many sellers will schedule appraisals and inspections before putting their homes on the Colorado Springs MLS. This will help them know what their property is worth and what challenges they might run into once a buyer is found. A professional appraisal can also help if you are challenging the about you are being assessed for property taxes. Many times people will feel as if they are being charged too much for their Colorado Springs property taxes. Having an appraisal done by a licensed Colorado Springs area appraiser will help you effectively challenge your local property appraiser if needed. Watch The MarketProperty values fluctuate. You can ofter discover trends when you study home values over time. Your property may be worth more in the summer than it is in the winter, or vice versa. While this isn’t true for every property, some property values will fluctuate based on the season, demand, and availability. As a homeowner, it’s important to always keep your eye on the market. This will help you sell at the time of year that will be the most profitable for you so you can sell your house for as much as possible. What To Watch Out For…Keep in mind that it is not unheard of for an agent to inflate the asking price in order to get a signed agreement. By knowing the value before going into a sale, you will have the upper hand and will ultimately be able to receive the best outcome when selling your Colorado Springs house. Don’t forget about the land your property is sitting on. Some locations are more valuable than others. While double and triple lots will be worth much more. Make sure the land is buildable and doesn’t have any problems that can lower the value of your property. If you opt to have an agent create a CMA for you, make sure all of the data provided is correct. You’ll want to check everything out for yourself to ensure accuracy in your valuation. Let us help you determine the true value of your home in Colorado Springs! Contact us today for more information! (719) 286-0053via WordPress https://ift.tt/2XSNBEQ There are many great reasons why you should use a rent to own contract when selling your house in Colorado Springs. Learn more about what selling your Colorado Springs house in this manner can mean for you! Using a rent to own contract is often overlooked by homeowners looking to sell a house in Colorado Springs. Many people fear becoming a landlord, however, the rewards can be much greater than that of a standard rental property. The tenant is more likely to treat the property with respect. You are more likely to get your rent on time. And you are more likely to get your asking price for your house in Colorado Springs. Don’t write off a rent to own contract when selling your house in Colorado Springs until you run the numbers and find out what selling this way can mean for you. A Fast SaleUsing a rent to own contract to sell your house in Colorado Springs opens up your property to a whole new pool of buyers. There are tons of people out there who are eager to buy, and who will have no problems paying you. However, something is holding them back from obtaining a traditional mortgage. While some people simply lack the funds for a down payment or the credit to qualify for a loan, there are many other situations that can affect a persons ability to buy a house in the traditional manner. For example:
Everyone gets into a difficult spot at one point or another. By selling your house via rent to own contract, not only will you receive many great benefits for yourself, but you will also be able to help someone reach their dream of homeownership. Cash UpfrontA down payment or option fee is often required by the home seller. This fee varies by contract, but it can be anywhere between 2-7% of the purchase price. Remember that if your buyer is having trouble coming up with a down payment for a traditional mortgage, they might have trouble coming up with a large down payment for you. Keeping this fee low will help you attract more potential buyers to your property. That said, you do want to include an option fee as a sort of security deposit to make sure your buyers don’t simply walk away from the property. Get Your Asking PriceWhile a traditional home sale price is often negotiable when you work with a buyer using a rent to own contract, the seller will often have the upper hand. Most buyers will be willing to pay what you’re asking in order to get a chance at buying a home. Properties that sell in the traditional manner are often sold for much less than they were originally listed for. Once the repairs and negotiations are completed, homeowners will often find they aren’t making anywhere near as much as they had hoped. Consistent Income Each MonthSelling your house via a rent to own contract will provide you with consistent, guaranteed income each month. Your lease will specify the terms of the agreement, but for the next couple of years, you will have a guaranteed rental income that you can rely on. Your tenant is much more likely to pay their rent on time as they have a genuine interest in the property. In addition, the rent charged each month is often greater than standard rental properties in the same area. While in many contracts a portion of the rent is designated to the buyers future down payment, if your tenant/buyer defaults on the agreement, the option fee, and the increased rent are yours to keep. Low RiskA rent to own contract carries very little risk for homeowners. Tenants have a genuine interest in the property, helping them to refrain from damaging the house or skipping required maintenance. They want to keep the house as nice as possible as they will eventually be the rightful owner. If anything, you are likely to find your tenants fixing up the property as opposed to wearing it down. If the buyer defaults on their payments, you may lose the seller, but you will have gained income as opposed to just letting the house sit on the MLS. All monies paid toward the house will belong to you, and the house will be back in your hands. You might be back where you started, but you won’t have taken any hit financially. Use a rent to own contract to sell your house in Colorado Springs! Contact us today for more information!via WordPress https://ift.tt/2XNTLGc We wrote a recent article about putting local Colorado Springs investment property into your self directed IRA… if you haven’t checked that one out… head over here. In this article we’ll walk through some more things to look out for and how to use your IRA to buy real estate in Colorado Springs Colorado. So lets dive in! Putting your money into an IRA or similar investment vehicle can be a great idea. Everybody knows that. But with taxes on their way up, it might be an even better idea to create a self-directed IRA, which will allow you to widen your investment options to include local Colorado Springs investment real estate in order to defer your taxes and end up earning a better rate of return in the long run. If you are considering this option, it might be a good idea to determine if it’s a good move for you, and if it is, here’s how to use your IRA to buy real estate in Colorado Springs. A Few Quick SD IRA for Real Estate Facts
How to Use Your IRA to Buy Real Estate in Colorado SpringsIt is possible to buy rental property with an IRA, but you must open a custodial account then transfer money into it. It’s a simple process that we can help you out with. Just give us a call at (719) 286-0053 and we can walk you through the process. There are many rules associated with this type of transaction, so be sure you understand and agree to them before you buy. It is also possible to buy a home for the purpose of “flipping” it, but only if you are in the flipping business. Furthermore, there is a limit to the number of flipped properties you can purchase in one year in Colorado Springs with your self directed IRA. Again, the best course of action is to determine the rules for the process to make sure you can live with them. SD IRA Investing LimitsThe rules that govern these types of investments do not allow a traditional mortgage with an IRA. Instead, you need to have enough money in your IRA to make the purchase. There are costs associated with administering the IRA, so you must make sure that your IRA has enough money in it to cover those expenses too. Again, if you don’t already have a great self directed IRA custodian… reach out to us and we can connect you with the ones we know of who are very real estate friendly. Just give us a call at (719) 286-0053 or shoot us an email through our Contact form and say “I’m looking for SD IRA resources for buying Colorado Springs investment properties”… and we’ll get back to you right away. Basic Rules of Investing (even with real estate)There are many rules in investing that can help you determine a good purchase from a bad one. One of the most important is to diversify your portfolio. As tempting as a real estate purchase might be in Colorado Springs, it’s a good idea to follow this advice when using your IRA to make a purchase. Just as is the case with any big investment, it’s always a good idea to check with a qualified financial adviser before you make a purchase to get an independent view of the long term as well as the short term outlook. In the end, using your IRA to invest in local Colorado Springs Colorado investment properties can be a great route. It helps you grow your portfolio using real estate with the tax benefits of the IRA. If you’re looking for investment properties here in Colorado Springs join our HBR Colorado Preferred Property Buyers List through the link below. FREE: Join Our Preferred Buyers List For Access To Our High Discount |
AuthorHBR Colorado is the number one we buy houses company in the front range real estate market. Archives
June 2022
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