Think of the Berkshire Hathaway Rocky Mountain Realtors PeakDream newsletter as a “Special Membership” to our little club. You’ll get updates about the real estate market and local statistics, but it’s also a valuable tool for homeowner tips and advice, changes and news about Southern Colorado, plus your exclusive invites to events and mixers at our offices. We promise to keep it brief and stick to bi-monthly newsletters so we won’t flood your inbox with useless data. And remember, we curate and create this content for you, so please reach out any time if there’s something you want to know more about or topics you’re interested in – we’ll do the legwork, you just sit back and enjoy the content!
Latest News
Keys to Unlock a Successful Landscape in Colorado
As a landscape designer in Colorado Springs, I have countless clients who relocated to the state and are now frustrated that what worked in their previous landscape seems to be a death wish in Colorado” – Kelly Bull of Kelly Bull Permaculture Design.
It’s easy to pass off the failure on bad soil, bad luck, or a black thumb, but there are a few keys to successful landscapes in Colorado Springs that will have your yard thriving in no time.
Water
With only 16” of rain a year in Colorado Springs, every drop of precipitation is precious.
Water is the most limiting factor in a successful landscape and you should “Plant the water before you plant the plants”. Make sure you know how each area of your yard will access water before putting anything into the ground.
Compost
We have a wide range of soils in Colorado Springs with sandy yards on one end of the spectrum and clay yards on the other. The answer to both conditions is to amend with compost. Compost creates a sponge-like quality in sandy soils to help maintain moisture, and it creates a clay-busting quality in clay soils to help with drainage.
Mulch
The dry climate of Colorado Springs is great for those of us who hate the humidity, but it slurps the valuable moisture right out of the soil. A thick layer of mulch is like placing a protective blanket over the soil that locks in the moisture.
Native Plants
Just take a hike on one of our beautiful trails in Colorado Springs to realize there are thousands of native plants that thrive naturally in our climate. Whether you want to increase the beauty, shade, food, or pollinator support in your yard, there is a wide assortment of wonderful plants that actually like dry, sandy, or clay conditions that will thrive in your landscape.
Make sure to check back in each month as we dive deeper into each key to a successful landscape!
Guest Contributor Kelly Bull is an ecological landscape designer and garden coach with an infectious love for plants and an endless fascination for soil. As owner of Kelly Bull Permaculture Design, she creates custom designs for backyard ecosystems that allow people to connect with nature through a thriving low-maintenance yet highly productive yard. Having been a teacher for almost a decade, she is passionate about education and enjoys helping other homeowners who love to learn and like to get their hands dirty.
$5,000 Buyer Incentive Prior to Auction Sale: 1117 Willow Bend Cir #4 Colorado Springs CO 80918
Location: Dublin Manor Condos, 1117 Willow Bend Cir, #4, Colorado Springs, CO 80918 El Paso County
Auction-Reserve Sale: Reserve Price $230,000. Worldbid Auction December 7th 2023 Noon via sealed bid. Pre-Auction offers are accepted with any contingencies up to November 27th 2023 Noon Mountain Time. Auction day bids are non-contingent. If you submit a Pre Auction offer, seller will provide buyer a credit of $5,000 at close of escrow, if buyer submits Pre Auction offer no later than November 27th 2023 and buyer ‘s offer is accepted by the seller and buyer closes escrow no later than November 27th 2023. No exceptions to the date deadlines will be allowed. A 3% buyer’s premium must be added to your offer. Auction day bidding, Buyer’s may obtain financing, though is not a contingency. Proof of funds to close, approval letter, a $3,000 registration deposit is required with your auction day bid. You may conduct your inspections anytime.
Additional Auction Info: https://premiereestates.com/1117-willow-bend-circle-unit-b-colorado-springs-co-80918/
Property Info: https://www.peakdream.com/homes-for-sale-details/1117-WILLOW-BEND-CIRCLE-B-COLORADO-SPRINGS-CO-80918/3515125/68/
Contact the Listing Agent: https://www.peakdream.com/agent-detail/Toby-Lorenc/123657/
Trees of Joy Event Provides Free Christmas Trees to Needy Families in Fremont County, Thanks to Local Sponsors
Event Details
Where: 232 E Main St, Florence, CO (Berkshire Hathaway Office)
When: Sunday December 3rd, 3pm-7pm
Cost: Free to Families and Individuals in Need (Sponsors Needed)
Facebook Invite: https://www.facebook.com/events/293404650289162/
Community Event Brings Christmas To Everyone Regardless of Financial Difficulties
The Annual Trees of Joy event is happening again, this time on December 3rd from 3:00pm-7:00pm at the Berkshire Hathaway HomeServices Rocky Mountain REALTORS® office in Florence, Colorado.
Anyone in the Fremont County community can come by and get a free Christmas tree, visit Santa, and enjoy light refreshments. There’s no qualification or questioning involved, it’s just based on the family or individual’s discretion of need. We want everyone who feels like they can’t afford the luxury of a Christmas tree to be our guest in taking one home for the Christmas season.
Sponsors Needed for Trees of Joy
This event is made possible by our generous sponsors, including True Value Hardware of Cañon City, Jim Braverman and Patty Galceran of 719 Lending, and Berkshire Hathaway Rocky Mountain Realtors.
If you or your company is interested in sponsoring a tree for a family, it’s $55 per tree which provides a beautiful Christmas tree, tree stand, and ornament with the sponsors name.
For more information about the event: (719) 431-6903
For media requests please contact (719) 661-1613
Unlocking Affordable Dreams: Financing Your Home with Buyer Incentives and Builder’s Interest Rates
Purchasing a home is a significant milestone, often accompanied by a mixture of excitement and financial concerns, especially in a market like this with higher interest rates than most buyers are used to. Thankfully, there are various strategies and incentives available to make the dream of homeownership a bit more accessible. Among these, two notable options stand out: buyer incentives from lenders and lower interest rates offered by builders. Let us help shed some light on how these strategies can help you secure your dream home without straining your financial resources.
Lender’s Buyer Incentives: A Helping Hand
The path to homeownership is paved with expenses beyond the down payment. Closing costs, property taxes, and insurance premiums can quickly add up, leaving many potential homeowners worried about how to manage these additional financial burdens. This is where lender-offered buyer incentives step in.
Imagine a scenario where a lender provides a buyer incentive. Our partnerships with local lenders give us access to programs that can help with your down-payment when using a specific mortgage lender. This can be a game-changer, as it directly reduces the amount of money you need to bring to the table. Such incentives can often be applied towards closing costs, effectively lightening the financial load at a critical juncture in the home-buying process.
Buyer incentives serve as an attractive proposition for both first-time buyers and those looking to upgrade. They can provide some much-needed breathing room by offsetting expenses that might otherwise deter potential homeowners from taking the plunge. As you consider lenders, inquire about these incentives, as they can play a pivotal role in making homeownership more affordable and achievable.
Builder’s Lower Interest Rates: Building Affordability into Every Payment
In a competitive housing market, builders are constantly seeking ways to attract buyers and stand out from the crowd. One effective strategy employed by builders is offering lower interest rates on financing. This approach has the potential to significantly impact your monthly mortgage payments, making your new home more budget-friendly over the long term. We’ve seen builders offering below 5% for 30 years, while most rates are above 7% for the typical loan.
A lower interest rate might seem like a small adjustment, but it can have a substantial cumulative effect. Over the life of a mortgage, even a fractional reduction in the interest rate can translate into thousands of dollars in savings. This can mean the difference between a manageable monthly payment and one that stretches your budget to its limits.
Builders are motivated to offer these advantageous rates to entice buyers and expedite the sale of properties. As a homebuyer, it’s essential to explore these options, understand the implications of different interest rates, and assess how they align with your financial goals.
Making Informed Decisions: What to Consider
While both lender incentives and builder-offered lower interest rates can ease the financial burden of homeownership, it’s crucial to approach these opportunities with a clear understanding of the bigger picture.
- Long-Term Implications: Assess the potential long-term impact of lower interest rates and buyer incentives. A small upfront incentive might be appealing, but a higher interest rate over the life of the loan could negate the initial benefit.
- Comparative Analysis: Always compare multiple offers from different lenders and builders. Don’t rush into a decision; take your time to evaluate all the options available to you.
- Qualification Criteria: Remember that not everyone may qualify for the advertised rates or incentives. Your credit score, financial history, and other factors will influence the terms you’re offered.
- Budget Planning: While lower interest rates and incentives can make homeownership more affordable, ensure that you are comfortable with the overall financial commitment that comes with owning a home.
Financing a home has become a more flexible and buyer-friendly process with the advent of buyer incentives and builder-offered lower interest rates. These strategies can help you step through the doorway of your dream home without straining your financial resources. However, it’s essential to approach these options with careful consideration, research, and a focus on your long-term financial well-being. We would love to help guide you through this process. By making informed decisions, you can confidently embark on your homeownership journey and turn your aspirations into a comfortable and affordable reality.
Military Veteran Realtor Serves VA Clients
We are proud to have a disabled Veteran real estate agent on our team. Daniel-Ullery Oatney understands the needs and lifestyle of an active duty or retired military member. So many factors help connect a VA buyer with an agent who’s “been there” and there’s a special connection between Daniel and his VA clients.
Daniel has traveled and lived all over the world. From growing up in Germany, to attending college at Cambridge University, he was well traveled before he even joined the military. For 13 years, he served with active duty and reserves, making connections and friends where ever he was stationed and learning different cultures.
Part of understanding real estate is going through the process personally, which Daniel can certain claim. He’s owned and sold homes around the world including Washington D.C., Edinburgh Scotland, and Colorado Springs. During these purchases, he used his VA benefits to enjoy the no-money down loan and 100% financing. Along the way, he’s learned what works and also the myths about VA financing. Today, he takes this knowledge to his real estate business, helping VA buyers understand the best use their benefits include the VA loan.
Experience has also taught Daniel in order to adequately serve VA buyers, he must build a great team. He knows how important it is to have an expert in his court to take care of qualifying and closing a VA loan for his clients. Because of her in-depth knowledge and years of experience closing VA loans, Daniel relies heavily on banker and VA Queen Lisa Ramsey as the source for VA financing. Plus, a team of veteran home inspectors, title reps, and other home services experts are at the top of his referral list to help support veteran owned companies and experts in the field.
Looking at Daniel, you would never know he’s considered 100% disabled. He’s personally learned about the VA system, how to best plan for a home purchase, what steps need to be in place to best use your benefits to buy a home. And despite his status, he’s able to do all the responsibilities of a Realtor, and does it with a smile on his face and a knack for connecting to people. He’s in the business of building friendships instead of a client base, and provides a wealth of resources and knowledge along the way.
Berkshire Hathaway HomeServices Rocky Mountain Realtors is honored that Daniel chose to serve his fellow military members as an agent with our company. Although many real estate agents are familiar with VA loans and work with military buyers and sellers, Daniel has been in their shoes and understands the minute details of military life and how that affects a home purchase. Consider him your local VA expert – he’s got a solid 5-star rating from all his past clients, so you know you’ll be in good hands!
Plan Now for These Unique Events Around Downtown Colorado Springs
Downtown Colorado Springs is a vibrant and exciting place to be, with plenty of events happening throughout the year. Whether you’re a local or a visitor, there’s always something going on in this lively city center. Here are some of the upcoming events to look forward to in downtown Colorado Springs.
- First Friday Art Walks: On the first Friday of every month, downtown Colorado Springs comes alive with art. Galleries and studios open their doors to the public, offering a chance to see the latest exhibits and meet the artists. It’s a great way to explore the art scene and discover new talent. Watch for special themed nights, like scavenger hunts and Popsicle Promenade.
- Colorado Springs Labor Day Lift Off: This annual event takes place over Labor Day weekend and features hot air balloons taking to the skies above Memorial Park. There are also live music performances, food vendors, and a beer garden to enjoy.
- Pikes Peak Ascent and Marathon: This challenging race takes place on August 20th and 21st, with runners making their way up Pikes Peak, one of the highest mountains in the United States. Spectators can cheer on the runners and enjoy the beautiful mountain scenery.
- Colorado Springs Oktoberfest: Get ready to raise a stein at the Colorado Springs Oktoberfest, happening on September 24th and 25th. This festival celebrates all things German, with traditional music, food, and of course, beer.
- Downtown Holiday Stroll: Get into the holiday spirit with the Downtown Holiday Stroll on December 3rd. This festive event features carolers, horse-drawn carriage rides, and holiday lights.
- Colorado Springs Western Street Breakfast: This event is a beloved tradition in Colorado Springs, with locals and visitors alike enjoying a hearty breakfast on the streets of downtown. The Western Street Breakfast takes place on June 15th and is a great way to kick off the summer.
Downtown Colorado Springs is a hub of activity, with events happening throughout the year. From art walks to hot air balloons, there’s something for everyone to enjoy. Regularly check https://downtowncs.com/events and make sure to mark your calendar for these upcoming events and experience all that downtown Colorado Springs has to offer.
Top Services To Hire As a New Homeowner
Fireplace and Furnace Cleaning, Plus Other Safety Items
Before you move into your new home, concentrate on the safety items. Find a professional to clean and service your fireplace (whether it’s a natural gas fireplace or wood-burning fireplace). A chimney sweep can also inspect the firebox and chimney to make sure they are ready for your first night by the fire. In addition, any other heat sources for your home (typically a furnace) should be cleaned and serviced to make sure they are safe and healthy. Smoke alarms and carbon monoxide detectors should already be installed, but make certain they’re functioning properly. Finally, make sure you have a working fire extinguisher in your home.
Pest Control / Exterminator
Have an exterminator come inspect and treat your home. Especially if the home has been vacant for a while, it will help eliminate the creepy-crawlers lingering around the house. Plus, you may need mouse traps or other services to help deal with unwelcome guest. Make sure to inform them if you have pets and ask about the best practices for keeping your furry friends safe and healthy.
Interior Decorator
Now comes the fun part! Make the home your own and customize it to your style. From picking out furniture, to paint colors and flooring, an interior decorator will be a great investment. Different companies offer different services, so ask about a one-time consultation if your budget is tight. However, a good interior decorator can significantly help with advising and even project managing your home design and décor.
Roofing Company
Based on your home inspection, this may not be necessary right away. However, many roofers will come out and do a free estimate and assessment. Roof leaks aren’t fun and do a lot of interior damage if not addressed. Also, make sure your gutters are free of leaves and debris and that you’re getting proper drainage away from the foundation of your home.
Landscape Architect
You don’t want to be inside all the time! So make your outdoor space a useable and attractive area. Find a great residential landscape architect to help. Not only will this upgrade your home’s curb appeal, efficient and thoughtful landscaping can help reduce water costs and add value to your home. Just like the interior design, the exterior design can be a thoughtful plan and process to make the most of your land.
Handyperson
Whether it’s deferred maintenance from the last owner or additions you’re making to your new home, there are always small things that need to be tweaked, repaired, installed, built, hung, removed, (etcetera) that may not require a specific licensed professional. Find a great handyperson you can call on unless you’re handy yourself. It will save you lots of time and frustration in the long run. Plus, fixing these things in your home at move-in will help make the transition easier and perhaps save costs in the long run.
Finding Resources and Professionals
Not sure how to find these professionals? Your real estate agent is a great start. They are often using these services and connected to the local contractors and businesses. Also, local online groups including Facebook pages and Yelp are often set up to get others advice and feedback of professionals they’ve used. Other resources include the Better Business Bureau, asking friends and family, or dealing with a past company which you’ve had a great experience.
Realtor Tom Taranto Joins Berkshire Hathaway HomeServices Rocky Mountain Realtors
We are pleased to welcome our newest agent to the company, Tom Taranto. Tom has joined our Downtown Colorado Springs office and will concentrate primarily on residential real estate buyers and sellers.
Agents like Tom are hard to find, as he comes to us with 30+ years of experience in real estate. He has been a home builder, property manager, real estate investor and more. Clients will definitely benefit from his wide range of skills and knowledge to help guide buyers and sellers through the real estate journey.
Like many of us, Tom also has experience in other industries and interests that will attract niche audiences because of common life hobbies, careers, and activities. For instance, Tom has taken full advantage of his many years in Colorado by enjoying the recreation of both hockey and snow skiing. He’s worked in various parts of both of these industries, including his time as a ski instructor and hockey coach.
Tom resides in Woodland Park, Colorado with his family of a wife and twin sons. He’ll be a natural choice for those looking to move into the Teller County area, or those wishing to sell their home. Plus, Tom has prior military service so he understands the needs and financing of VA buyers.
As all of our agents, Tom brings a high level of integrity and care to the Berkshire Hathaway family of agents. It’s part of what makes him stand out and will certainly provide him with many repeat clients throughout his career.
Read Tom’s full bio and find contact information here:
Parties Involved When Purchasing a Home
Purchasing a home is a big decision, and it involves multiple parties and businesses to help bring it all together. You might be surprised by the number of parties involved during the home purchase process.
Real Estate Agents
Often times, both the buyer and seller will have real estate agents helping guide them through a real estate transaction. Agents are the key communicators between all parties below to help ensure a smooth transaction. They will usually attend appointments such as home inspections, appraisals, and of course join you at the closing table to celebrate your special day. A buyer’s agent has probably already shown you countless properties, help create and submit an offer, and negotiate on your behalf to get you under contract. Now, it’s time to start involving other parties in your transaction.
Transaction Coordinator
Some real estate agents use transaction coordinators, who help manage the contract. This involves meeting dates and deadlines, and making sure all documents are completed and signed properly. Although you may not hear from them directly, they are working hard in the background to help coordinate the details.
Loan Officer / Lender
Unless the buyer is purchasing real estate with cash, they will typically be finding a lender to help coordinate a loan. A buyer will work closely with the lender to submit documentation and provide necessary information in order to meet the closing date set in the contract. You may also interact with loan processors and other staff within the lender’s organization.
Home Inspector
Typically the buyer hires an independent home inspector as a generalist to assess the overall condition of the property. During the due diligence process, the buyer also may choose to hire other professionals to look at specific items. These may include plumbers, electricians, roofers, radon system companies, or those who test for meth, mold, and other possible contaminates. Certainly, there are endless parties that can be part of the buyer’s due diligence process.
Appraiser
Appraisers are usually part of the buyer’s loan process, and although paid for by the buyer at the time of closing, they are hired by the lender. Most require an in-person viewing of the home under contract to see the actual condition, take photos, and assess the neighborhood.
Land Surveyor
Although there isn’t always a survey or ILC of the property, this is sometimes required by the lender or title company on certain properties. A buyer could also choose to have a survey done to make sure they understand the property lines, easements, and other concerns.
Title Closer
Various people at the title company interact with the file including a title closer, who will ultimately be the face-to-face contact collecting signatures from the buyers and sellers at the closing table.
These are just some of the professionals you may have contact with during your real estate journey, but this is not an exhaustive list! There are many more people involved in the short period between getting an accepted offer, to celebrating a successful closing. Ask your real estate agent for more information on some of the expected costs of buying a home and selecting the professionals that bring it all together.