Expert Tips for Home Buyers & Sellers

As your Colorado Springs real estate agent Jeff Ryder, I want to be your resource for all things real estate. Whether you are buying, selling, or investing in real estate, I am here to guide you through the process. Subscribe to this blog to learn all of the latest news from our local market and receive expert tips for buying or selling a home.

Friday, May 19, 2017

Hurry If You Want to Appeal Your Property Tax Increase

Do you think your property taxes went up too much? You can still file an appeal by June 1st.

Selling your Colorado Springs home? Get a home value report
Buying a Colorado Springs Home? Click here for full MLS access

If you’ve recently received a letter from the El Paso County Assessor’s office, you may have been in for a bit of a shock. The good news is that the value of your home has increased; the bad news is that increased value is what you’ll be taxed on.

A lot of people found that their home values went up 10% to 20%.

If you think the value doesn’t quite look right, something seems unfair, or if you notice an error, you can file an appeal. 

On the back of the letter there is a place to follow an official appeal. You can click here to the El Paso County Assessor webpage for more information on the appeal process. You can find all kinds of good tips, from who qualifies for an appeal, to what information you will need during the appeal process.

It is definitely worth your time to appeal your property taxes.

One thing they will want is a list of comparable homes in your neighborhood. They will want to know the number of bedrooms, the number of bathrooms, and how the size of those houses compares to yours.

If you can prove that your neighbors' homes are priced less than what you are being taxed on, then you might be able to get an appeal.

I can’t file the appeal for you, but I can help you put together a list of comparables and find out what your home is truly worth. 

Plus, if you are a 100% disabled military veteran, you are qualified to write off a certain percentage of what your home is worth.

So, if you think your new property value is too high, it is definitely worth your time to appeal it. If you have any questions, please don’t hesitate to reach out to me. I would be happy to help.

Tuesday, May 16, 2017

Rents Are Skyrocketing in Colorado Springs!

Is it time for you to consider owning a home? I’ll go over some numbers that might influence that decision today.

Selling your Colorado Springs home? Get a home value report
Buying a Colorado Springs Home? Click here for full MLS access

Rents have hit yet another high, which is no surprise as rents have been going up for a while. However, the shocker is that apartment costs have jumped 10.5% in the last three months! At this rate, we could see rent prices increase 40% this year. Is that likely? Who knows, but it’s something you definitely need to consider if you’re thinking about continuing to rent.

Why is this increase in rent prices happening? Many experts say it’s because there are many young people who just don’t want to buy, retirees who want low maintenance living, and many people who simply can’t qualify to purchase a home.

Consider the security and financial benefits in owning your own home.

Let’s talk about you. You should be considering the security in owning your own home and the financial benefits of doing so. The average cost of rent in Colorado Springs is about $1,100 and even though new apartment buildings are going up everywhere right now, the cost of renting has gone up every quarter for the past two years.

If you really enjoy the amenities of living in an apartment, you don’t want to have a mortgage, or you can’t qualify, then I understand continuing to rent. However, if you’re worried about what rent might cost you this time next year, give me a call. Let’s have a five minute conversation with one of our friendly, helpful mortgage lenders to see how much money you can save every month by buying your own home. We may even be able to help you get into a home for less than $1,000 down with a payment that is less than what you are paying for rent right now.

To find out if owning a home is the right move for you or if you have any other questions, give me a call or send me an email. I’d be more than happy to help.

Thursday, May 4, 2017

John's Thoughts About Working with Jeff Ryder

John - "He was top notch. He was very professional. They did everything they said they would do and more. He kept us informed every step of the way, so no complaints at all. So yeah, it would be like I said, keeping us informed... Several times I had questions and stuff, and I would get a call at 7 or 8 at night just to make sure I knew what was going on and what we needed to do."