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Should I pay my mortgage or my other
bills?????
According to USA Today, more people than ever are
electing to pay credit card bills instead of their monthly mortgage payments! Why? Because they can't do both, and they don't want to lose
their cash flow ability. This is a SERIOUS mistake! Increasing balances on credit cards can be a never ending downward spiral to
bankruptcy.
From time to time we all have difficulty paying
our mortgages. The cause could be a medical emergency, loss of job, divorce, death of a loved one or any number of unforeseen
circumstances. It used to be easy to get a second mortgage or line of credit against the equity in your home to pay off unexpected debts or
credit cards. In today's real estate market, however, two things have changed:
1. The second
mortgage market has dried up and become almost non-existent.
2. There may be
no equity in your home. In fact, you may owe more on it than it's worth in today's market.
The ills created by overspending and/or unexpected
trouble can't be corrected as easily as they once were. On the surface it may seem logical to use the credit card to pay bills, hoping to catch
up later. But sooner or later you will realize that you are unable to make both a mortgage payment and the minimum requirement on your credit
card.
If you are faced with the difficult decision of
whether to pay the mortgage or the credit card, it is time to take stock of where you are financially. It is time to get some
help. Don't be afraid...help is available! The first step is to call your mortgage company - let them know what is
happening.
Next, call us! We are the Roshek
Group, and we would be happy to meet with you in a confidential setting to discuss your options.
The spiraling foreclosure situation must be
corrected before home equities can begin to climb again. In February's Roshek Report I talked about a "Short Sale." By way of a
refresher, a "Short Sale" can occur when the amount owed to the mortgage company is more than the property is worth in today's market. The
seller must qualify under very specific guidelines and the property must be put on the market at a price which is often lower than the mortgage
balance. Once a bona fide contract is received, we continue the negotiations with your lender until there is a successful closing.
Sometimes the process can take several weeks...and it requires an experienced real estate agent.
Call or email us today if you would like to make a
confidential appointment to discuss this further. Don't wait until your only options are bankruptcy or
foreclosure!
I’d really love to answer any of your
real estate questions. Please feel free to contact me at 719-237-0391 or email me at
Sharon@TheRoshekGroup.com.
Check for great buys online at http://www.pikespeakregion.com/
Back to top
Teller County
Statistics
February 2008 |
Residential Solds in Divide, Florissant & Woodland Park
|
|
| |
| Address |
Area |
Bd/Ba |
Square |
List |
Sold |
|
|
Gar |
Feet |
Price |
Price |
| 404 Doublet Lane |
DIV |
4,3,0 |
1,782 |
102,900 |
100,000 |
| 300 E Long Bow Dr |
DIV |
3,2,0 |
1,404 |
105,000 |
$100,000 |
| 109 Spring Valley Cr |
DIV |
3,2,2 |
2,680 |
194,900 |
$187,500 |
| 45 Beaver Lake Dr |
DIV |
4,4,2 |
2,348 |
236,900 |
$230,000 |
| 109 Forge Dr |
FLO |
3,2,0 |
1,512 |
129,900 |
$128,000 |
| 76 Lost Creek Cr |
FLO |
2,1,0 |
2,017 |
145,000 |
$145,000 |
| 13132 Teller 1 |
FLO |
3,3,2 |
2,025 |
170,000 |
$150,000 |
| 811 Matterhorn Dr |
FLO |
3,3,2 |
2,163 |
170,000 |
$175,000 |
| 317 South Park Rd |
FLO |
3,2,1 |
1,792 |
189,900 |
$179,900 |
| 73 Big Horn Ln |
FLO |
3,3,0 |
2,352 |
249,900 |
$249,900 |
| 78 Utah Way |
FLO |
3,3,2 |
1,946 |
269,500 |
$260,000 |
| 401 Forest Edge Rd B1 |
WPK |
2,2,1 |
1,012 |
105,500 |
$101,000 |
| 755 Apache Trail 1 |
WPK |
2,2,1 |
1,452 |
119,900 |
$112,900 |
| 641 Whispering Winds Dr |
WPK |
4,2,1 |
2,424 |
170,000 |
$157,000 |
| 1151 Park View Rd |
WPK |
3,2,1 |
1,824 |
217,000 |
$217,000 |
| 2331 Rampart Range Rd |
WPK |
4,2,1 |
2,245 |
219,000 |
$207,000 |
| 518 Park Dr |
WPK |
3,3,1 |
2,464 |
233,000 |
$229,000 |
| 131 Red Rock Ct |
WPK |
3,2,2 |
1,857 |
245,000 |
$235,000 |
| 400 Coraline St |
WPK |
5,3,2 |
2,912 |
259,000 |
$230,000 |
| 513 South Forty Rd |
WPK |
3,2,6 |
2,184 |
289,850 |
$273,300 |
| 502 Ranch Dr |
WPK |
4,2,2 |
2,640 |
309,900 |
$302,000 |
| 140 Elk Grove Ln |
WPK |
3,3,2 |
2,034 |
342,500 |
$340,000 |
| 221 Eagle Pines Dr |
WPK |
5,3,3 |
4,194 |
489,900 |
$489,900 |
Area Statistics
|
Woodland Park |
Divide |
Florissant |
All 3 |
All 3 Feb 07 |
| # Sold |
12 |
4 |
7 |
23 |
34 |
| Low |
$101,000 |
$100,000 |
$128,000 |
$100,000 |
$89,950 |
| High |
$489,900 |
$230,000 |
$260,000 |
$489,900 |
$489,500 |
| Average |
$241,175 |
$154,375 |
$183,971 |
$208,699 |
$250,371 |
| Median |
$229,000 |
$187,500 |
$175,000 |
$260,000 |
$283,000 |
| % Price |
96.4% |
96.5% |
87.2% |
96.6% |
97% |
| # Active |
171 |
107 |
121 |
408 |
408 |
| # U/C |
31 |
19 |
9 |
59 |
59 |
| % U/C to Active |
18% |
17% |
6% |
14% |
14% |
Back to Top |
El Paso County
Statistics
Below is a summary of properties sold for all of El Paso County for the months of
February 2008 and February of 2007.
|
Feb-08 |
Feb-07 |
Difference |
|
|
|
|
|
|
| Properties Sold |
548 |
741 |
-193 |
-27% |
| Average List Price |
226,128 |
249,118 |
-22,990 |
-10% |
| Average Sold Price |
219,033 |
244,110 |
-25,077 |
-11% |
| % of List Price to Sold Price |
96.80% |
97.90% |
-1.10% |
-1.10% |
| Average Days on Market |
125 |
109 |
16 |
13% |
Below is information regarding specific areas in El Paso County for the month of
February 2008 along with a summary of the same information for February 2007.
Property Type: Residential
| Area |
New Listings |
Ave List Price |
U/C |
Sold |
Ave Sold $ |
%S/L |
DOM |
|
Black Forest |
54 |
$408,308 |
16 |
7 |
$400,213 |
96.44% |
97 |
|
Briargate |
55 |
$293,092 |
9 |
9 |
$342,410 |
97.48% |
89 |
|
Calhan / Ramah |
5 |
$92,560 |
3 |
0 |
$0 |
0.00% |
0 |
|
Central |
54 |
$179,978 |
19 |
14 |
$215,026 |
96.73% |
109 |
|
Drennen Area |
1 |
$99,900 |
0 |
1 |
$37,500 |
83.52% |
36 |
|
East |
36 |
$178,105 |
11 |
16 |
$170,881 |
97.45% |
107 |
|
Ellicott / Yoder / Rush |
7 |
$215,498 |
3 |
0 |
$0 |
0.00% |
0 |
|
Fountain Valley |
87 |
$195,185 |
50 |
20 |
$168,836 |
96.36% |
90 |
|
Falcon |
31 |
$272,370 |
10 |
7 |
$201,956 |
91.61% |
47 |
|
Manitou Springs |
9 |
$313,912 |
2 |
0 |
$0 |
0.00% |
0 |
|
North East |
69 |
$252,226 |
24 |
9 |
$211,333 |
98.07% |
111 |
|
North West |
34 |
$375,992 |
6 |
6 |
$304,883 |
97.57% |
60 |
|
North Gate |
30 |
$465,103 |
3 |
2 |
$409,575 |
99.30% |
184 |
|
Old Colorado City |
16 |
$213,487 |
6 |
3 |
$189,283 |
94.45% |
160 |
|
Peyton |
7 |
$341,771 |
2 |
0 |
$0 |
0.00% |
0 |
|
Powers |
110 |
$208,303 |
40 |
14 |
$214,171 |
98.78% |
106 |
|
South East |
54 |
$140,785 |
23 |
12 |
$121,846 |
97.95% |
64 |
|
South West |
56 |
$513,247 |
15 |
3 |
$223,300 |
93.92% |
168 |
|
Tri Lakes |
60 |
$574,734 |
12 |
4 |
$262,125 |
90.94% |
110 |
|
Ute Pass |
4 |
$337,400 |
3 |
1 |
$676,500 |
96.78% |
259 |
|
West |
27 |
$280,759 |
6 |
3 |
$381,000 |
91.67% |
99 |
|
Total & Average for |
806 |
$283,462 |
263 |
131 |
$266,519 |
95.24% |
111 |
|
Above Areas Feb 08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total & Average for |
860 |
$272,042 |
297 |
177 |
$224,841 |
96.39% |
93 |
|
Feb-07 |
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| Information is Believed To Be Accurate But Not Guaranteed |
Pikes Peak Realtor® Services Corp. |
 Software Copyright © MarketLinx, Inc. 1997-2008 All Rights Reserved
CONTENT IS DEEMED RELIABLE BUT NOT
GUARANTEED. CONTENT IS PROVIDED "AS IS" WITHOUT WARRANTY. USER IS SOLELY RESPONSIBLE FOR INDEPENDENTLY VERIFYING THE RELIABILITY, ACCURACY AND
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THE PIKES PEAK REALTOR® SERVICES CORP.
Copyright ©, 2008, PIKES PEAK REALTOR® Services Corp. All Rights Reserved. Support: ppmls@ppar.org
Back to
Top
For more information don't forget to check out our website
at
www.pikespeakregion.com
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March's Featured Home of the Month
18 Mt Powderhorn Lane
Florissant, CO 80816
Offered at $184,900
Terrific home on nealrly one acre with mature trees and a beautiful mountain
setting that attracks local wildlife. The large windows reveal the quaint mountain area inside. Master walks out to a private deck accessable to the
back for private entrance if desired. The bright-open floor plan features vaulted ceilings, fireplace and abundant shelving for all your
treasures. The tandem garage also has room for a workshop. Conveniently located close to main paved road for easy communte in any direction.
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