Your Colorado Springs Life & Home

When your mortgage payment starts to feel heavier every month, the scariest part is not knowing which “help” is real and which options quietly make things worse. I’m joined by longtime Colorado Springs realtor and broker Lori Thompson, a certified distressed property expert, to lay out a calm, step-by-step way to respond to financial hardship before it turns into foreclosure.We talk through the first decision that changes everything: is this a short-term hit like unexpected expenses, or a long-term disruption like job loss, divorce, or death? From there, we unpack the real-world pros and cons of mortgage forbearance agreements, what you should demand in writing, and why “catch-up” payments can boomerang. We also cover foreclosure alternatives that homeowners search for every day, including refinancing, loan modification conversations, HELOCs used carefully, and short sales when you’re upside down.Because this show is rooted in Colorado Springs real estate, we also share local resources that can ease the pressure fast, including LEAP utility assistance, low-barrier food pantries, and support options for military families and veterans. Lori explains why selling earlier can protect your long-term financial health, preserve home equity, and even help you avoid nasty surprises like a 1099 tax form tied to foreclosure losses.If you’ve been putting off the call, let this be the nudge. Subscribe for more practical home and money guidance, share this with someone who needs it, and leave a review. What’s the one question about your mortgage or home equity you want answered next?To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

Master-planned communities sound like the dream: a polished neighborhood, a clubhouse, a pool, trails, parks, and events that make it easy to actually enjoy where you live. But there’s always a tradeoff, and we get specific about what you gain and what you give up when you buy into that lifestyle in Colorado Springs real estate.We’re joined by RE/MAX Properties licensed REALTOR and broker Lori Thompson, who’s spent more than four decades helping both military families and civilians find the right fit. We talk through local master-planned options and what they’re designed to deliver, from neighborhood schools and walkable amenities to community gatherings like live music, food trucks, holiday events, and even “movie in the pool” nights. Lori also shares what features buyers get most excited about in Colorado Springs, including why community pools are such a draw in our climate, plus the everyday convenience of having gyms, dog parks, and miles of trails nearby.Then we get honest about HOA rules and restrictions. Lori explains how HOAs can range from low-cost covenant enforcement that helps protect property values to stricter associations that can feel like micromanagement. We also dig into how maintenance standards shape a neighborhood’s “feel” and can affect desirability and resale value over time. If you’re relocating, PCSing, upsizing, or downsizing, this is a practical guide to matching your home search to your real lifestyle.Subscribe for more Colorado Springs housing insights, share this with a friend weighing HOA living, and leave a review if it helped. What’s your HOA dealbreaker or must-have amenity?To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

Most sellers think “top dollar” comes from one big renovation. We’ve learned it usually comes from a handful of high-impact decisions: what buyers see, what they smell, and what they assume they’ll have to fix. We walk through a real-world Colorado Springs home selling game plan that starts with the basics and ends with a listing that feels bright, clean, and easy to say yes to.We talk staging in a way that’s actually doable while you’re still living in the home. That means cutting clutter, minimizing distractions, and creating a simple visual palette so buyers can imagine their own furniture and routines in the space. Then we get blunt about odor, because odor is one of the fastest ways to lose a buyer. We cover what to do about cigarette smoke, pet smells, pet hair, and why over-fragrancing with candles or sprays can backfire during showings.From there we get into the best low-cost improvements for ROI: paint, deep cleaning, and small upgrades that make the kitchen and primary suite feel refreshed without spending a fortune. We also explain why professional photography matters in a search-driven market and how curb appeal supports the story your listing photos are trying to tell.We wrap with a pricing mindset that helps you avoid the overpricing spiral that leads to long days on market and bargain hunters. If you want practical Colorado Springs real estate advice, seller tips, and staging guidance that fits real life, hit play. If you found this helpful, subscribe, share with a friend who’s thinking about selling, and leave us a review.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

A contingent offer can feel like a safety net until the seller gets a second offer and the clock starts ticking. We break down what contingencies really do in a Colorado Springs real estate contract, how they protect your earnest money, and where buyers accidentally leave themselves exposed. If you are trying to buy your next home while selling your current one, you will want to understand the sale-of-home contingency and the first right of refusal, including the short 24-to-72-hour window where you may have to remove the contingency or lose the deal. We also walk through the most common contract contingencies buyers and sellers see in the Colorado Springs market: home inspection, appraisal, HOA document review, covenant review, title commitment review, homeowners insurance, and final loan approval. You will hear why an inspection is often the best leverage point for major systems and safety issues, what happens when a property fails to appraise at the contract price, and why HOA bylaws and covenants can shape what you can actually do with your home. We dig into why homeowners insurance has become a bigger factor in qualification and monthly payment planning, especially as premiums rise and coverage changes. Finally, we tackle the stressful scenario where financing falls through and explain how the financing contingency and its deadline can determine whether you recover your earnest money. We also share ways to make your offer more attractive without stripping out protections, like adjusting seller concessions and limiting inspection objections to major items. If you want clearer real estate guidance with fewer surprises, subscribe, share the show with a friend, and leave a review with the topic you want us to tackle next.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

Most buyers think closing is just paperwork and a signature. The truth is the home closing timeline in Colorado Springs is a chain of deadlines, third-party schedules, and financial guardrails and one wrong move can slow everything down or derail the deal.In this episode, I walk through what to expect from contract to keys, including why 30 to 45 days is a smart baseline for most Colorado Springs real estate transactions. We talk about how loan type and lender strength can change the pace, when a VA loan or FHA loan appraisal can add uncertainty, and why a little buffer time can make the whole process calmer. You’ll also hear the most common sources of delays: inspection surprises, hail-related repairs, underwriting conditions, and the buyer mistake we warn about nonstop because it can wreck your debt-to-income ratio.We also get practical about the steps you can control. We explain how to prep with a strong pre-approval or even pre-underwriting, why scheduling the home inspection early matters, and how homeowners insurance shopping has become harder and more detailed. Then we dig into the final week before closing: why your final numbers often arrive only days ahead, what Colorado “good funds” rules mean for cashier’s checks and wire transfers, and how to protect yourself from real estate wire fraud by verifying wiring instructions directly with the title company.If you’re buying, selling, or PCSing to Colorado Springs, subscribe for more clear, real-world guidance and share this with a friend who’s about to go under contract. What part of the closing process makes you the most nervous?To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

Colorado Springs can feel like the perfect assignment until the altitude hits, the air dries out your sinuses, and the “10 days of lodging” clock starts ticking. We sit down with Lori Thompson, a longtime Colorado Springs Realtor and broker who’s helped military families and civilians relocate for decades, to get brutally practical about what to do before you PCS to Fort Carson or Peterson Space Force Base. We talk about the realities newcomers miss: Colorado Springs is a high-desert climate with snow, not a humid mountain town. Lori shares simple survival moves that make the first weeks easier, including hydration habits and why saline spray belongs on your Colorado relocation checklist. From there, we zoom out to lifestyle: free things to do, downtown energy, parks and hiking, and how commute times shape your neighborhood options across the city. If you’re wondering about the Colorado Springs housing market near Fort Carson and Peterson SFB, we break down what “competitive” really means right now, why some homes fly while others linger, and how affordability can quietly get wrecked by upgrades and incentives that don’t last. Lori also explains how to use video tours effectively when you’re house hunting long-distance, how to plan for short-term rentals after arrival, and the two non-negotiables that keep you safe: a real pre-approval and a thorough home inspection. If this helps, subscribe, share it with a friend who’s PCSing, and leave a review so more military families can find it. What’s the one thing you wish someone told you before your last PCS?To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

What Closing Costs Should Buyers And Sellers Plan For?Ready to stop guessing what you’ll owe on closing day? We dig into the dollars that rarely make the listing sheet—earnest money, inspections, appraisals, title insurance, lender fees, prepaids, and escrow reserves—and show how to predict them with a simple 2 percent rule of thumb. With four decades of experience guiding military families and local buyers, Lori Thompson walks through real examples on a $500,000 home and explains when it makes sense to negotiate seller credits that trim thousands off your upfront cash.We also flip the script for sellers. You’ll learn how commissions and buyer‑agent co‑op offers affect traffic and net proceeds, what to budget for title insurance and closing fees, and how to handle repair requests without derailing your sale. With rates still elevated, Lori breaks down the 2‑1 buydown—lower payments in year one and two, then the note rate—and why sellers are often the ones funding that credit. She even shares a smart counter strategy: adjust price to cover concessions while keeping the appraisal supported by solid comps.Market conditions decide who pays what, but preparation decides who wins. We talk timing for earnest money, why a sewer scope can save you thousands, how prepaids differ from fees, and when programs like CHAFA can ease cash pressure for first‑time buyers. Whether you’re budgeting as if no credits will come or mapping a seller net sheet before you list, this guide helps you walk to the table calm and confident.If this helped clarify your path to closing, follow the show, share it with a friend who’s house hunting, and leave a quick review with your biggest closing‑cost question so we can tackle it next.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

Can I Buy A Home Before I Arrive In Colorado Springs For My PCS?Orders in hand, clock ticking, market moving—buying a home before you arrive in Colorado Springs doesn’t have to feel risky. We walk through a proven remote‑buying playbook built for military families: fast pre‑approval, truth‑forward video tours, and contracts shaped to protect you while staying competitive. Along the way, we separate listing sizzle from real‑life details, sharing what we actually check in every walkthrough: street views, neighbor upkeep, drainage slopes, floor feel, paint edges, and more.We dig into the numbers that matter. Your BAH is a starting point, not a ceiling, because property taxes, insurance, and HOA fees can swing monthly payments by hundreds. With a responsive lender running scenarios on demand, you’ll know the real payment before you fall in love with an address. We also map the hidden line items many buyers miss—earnest money, inspection fees, and the VA appraisal—and show how to negotiate seller credits when cash is tight without weakening the offer.VA loan facts get a reality check. The VA appraiser looks for safety and soundness issues like peeling paint, exposed wood, proper drainage, and roof condition, but it’s not a home inspection. That’s why we pair the appraisal with a detailed inspection report that includes photos and video clips so you see the notes in context. We also cover local must‑knows: Colorado Springs’ high‑desert climate, radon testing basics, and how soil movement and snowmelt shape home care. For timing, we use exclusive right‑to‑buy agreements to set expectations and, when needed, add touring contingencies so you can step inside before you’re locked in.Whether you’re three weeks out or overseas, this guide helps you shop smart, avoid surprises, and land the right house on your schedule. If this helped, follow the show, share it with a fellow military family, and leave a quick review so more buyers get the clarity they need.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

Is It Better To Buy A Newer Build Or An Older Home In This Market?If you’ve ever stood in a model home swooning over quartz and clean lines while dreaming about a big backyard for the dog, this conversation was made for you. We take a clear-eyed look at new construction versus older homes in Colorado Springs and map out the real costs, benefits, and lifestyle tradeoffs that matter long after closing day.We start with the finance piece most buyers overlook: builder incentives. From subsidized interest rates to credits on standing inventory, we explain how preferred-lender deals can lower your payment and why “free money” isn’t free if you’re still on the hook for fencing, landscaping, sprinklers, and window coverings. Then we shift to what older homes do best—larger lots, established streets, lower property taxes—and how metro districts, HOAs, and location shape your total cost of ownership. If you’re wondering whether that big yard or shorter commute is worth it, we give you a simple framework to make the numbers honest.Maintenance myths get a reality check next. Even brand-new homes need an independent inspection, and we walk through typical warranty layers you can expect from builders. For resales, we cover smart ways to evaluate maintenance history, when a home warranty helps, and how to budget for near-term fixes. Energy efficiency is another make-or-break factor: upcoming furnace standards, high-efficiency upgrades, local thermostat rebates, improved insulation, window replacements, and xeriscaping that respects our high-desert climate while trimming utility costs.Finally, we tackle value and appreciation without the fluff. School districts and location still drive long-term demand more than age alone, so your best move is aligning the right home with the right area and your timeline. Our closing advice is simple and practical: let your lifestyle and skill set lead. If weekends are for trails, new construction with minimal upkeep might fit. If your heart is in backyard dinners under string lights, an older home with space could be the win.If you found this helpful, follow the show, share it with a friend who’s house hunting, and leave a quick review so others can find us. Have questions about neighborhoods, incentives, or inspections? Send them our way and we’ll tackle them on a future episode.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

What Local Events Or Attractions Should Newcomers Check Out?Looking for the fastest way to feel at home in Colorado Springs? We walk you through the city’s heartbeat—signature festivals, neighborhood concerts, hidden overlooks, and trailheads where the views and conversations both run long. With stories from the field and practical, step-by-step guidance, we map out how to turn weekends into connection and scenic routines into real community.We start with the essentials: the Labor Day balloon festival that paints the sky at sunrise and sets it aglow at night, the Pikes Peak Hill Climb that sends engines chasing altitude, and the marathon that climbs straight up America’s Mountain. From the Renaissance Festival north of town to the State Fair and Cinco de Mayo in Pueblo, you’ll hear why regional events matter to locals and newcomers alike. Family-friendly picks include Focus on the Family’s visitor center with its three-story slide, plus a lineup of parades—Festival of Lights and Veterans Day—that turn downtown into a warm, walkable tradition.Then we get local. Palmer Park offers a central overlook and trails for every level, dog parks make sunshine a daily habit, and the Manitou Incline rewards grit with sweeping views. Neighborhoods like Wolf Ranch and Banning Lewis Ranch host free open-air concerts with food trucks, perfect for low-stress meetups that become friendships. Whether you crave culture or crave a climb, Colorado Springs meets you where you are: accessible paths for easy strolls, steeper routes for ambition, and a calendar that keeps the community outside and engaged.If you’re new to town, this guide is your shortcut to belonging. Save the dates, pack a chair, bring a thermos, and say hello to the folks next to you. Subscribe for more local insights, share this with a friend who’s moving, and leave a review to tell us the next event or hidden spot we should cover.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

How Do Rising Interest Rates Affect Home Affordability?The market finally exhaled, and that breath of calm changes everything for buyers and sellers. We sit down with Lori Thompson, a Colorado Springs real estate pro, to unpack how interest rates actually flow through your monthly budget, why a balanced market unlocks negotiation power, and which financing strategies stretch buying power without stretching you too thin. If you’ve been stuck between waiting for “perfect” rates and wanting stability now, this conversation gives you a clear, practical path.Lori walks us through the real drivers of affordability—principal and interest, yes, but also fast-rising homeowners insurance and shifting property taxes. We compare the bidding-war years of waived inspections and wild escalations with today’s landscape of concessions, price reductions, and thoughtful offers. You’ll hear how a 2-1 buydown can create a softer landing in year one and two, why adjustable-rate mortgages can be smart when caps and indexes are understood, and where assumable mortgages can slash payments if you can bridge the cash-to-loan gap.Beyond products and payments, we focus on lifestyle and resilience. Lori asks the questions lenders don’t: Do you still want to eat out, travel, and sleep at night? Would you rather own a bit less house and have more life? We map out long-term planning—how to think about time horizons, what to do if you need to move sooner than planned, and why renting out a home can keep your equity compounding while a tenant pays down the note. Sellers aren’t left out either; we cover realistic pricing, seller-paid buydowns, and how strong concessions can revive buyer affordability.If you’re ready to buy now and refinance later, or you want to negotiate like the market finally favors you, this episode delivers a toolkit you can use today. Subscribe, share this with someone weighing a move, and leave a review to tell us which strategy you’ll try first.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

What Makes Colorado Springs A Great Place To Live?Thinking about a life framed by mountain views, easy trails, and a community that actually shows up for one another? We sit down with longtime local and top-producing realtor Lori Thompson to map out Colorado Springs in practical, human terms—where to live, how to live, and why it feels like home for so many. From Red Rock Canyon Open Space and Garden of the Gods to suburban hubs with parks, pools, and weekly concerts, Lori breaks down neighborhoods by lifestyle rather than hype, so you can match your daily rhythms to the right street.We explore how a strong military presence shapes both culture and the housing market—with genuine appreciation for service, frequent relocations that keep inventory moving, and civil service roles that make post-military life viable. Lori shares clear guidance on timing a move, navigating VA loans, and choosing areas near bases, schools, or nightlife. She also spotlights year-round perks: low humidity, quick-melting snow, and those famous Pikes Peak sunrises that make 300 days of sunshine feel like a personal invitation. Whether you’re a remote worker hunting for quiet views, a retiree seeking light winters, or a family that wants fields, splash pads, and music nights, the Springs offers frictionless access to what you love.Growth has been real—Powers Boulevard evolved from a dirt road to a six-lane artery lined with commerce—but the city’s soul remains grounded in outdoor access, friendly neighborhoods, and small joys like genuinely tasty tap water. You’ll hear concrete relocation tips, from choosing Black Forest for acreage and trees to picking downtown or the lower west side for energy and evenings out. And yes, there’s great golf. If you’re weighing a move, this conversation is your shortcut: a candid blueprint from a local who answers her phone and knows how to translate lifestyle into an address. Subscribe, share with a friend who’s PCS-ing or relocating, and leave a quick review with your top Colorado Springs must-see.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

What Can You Tell Us About School Choice?The home you choose and the education your child receives don’t have to be the same decision. We unpack how Colorado Springs families use open enrollment, charter schools, and magnet programs to match learning styles, schedules, and budgets without being boxed in by a single attendance zone. With Lori Thompson—RE/MAX Properties veteran, top producer, and current school board president—we explore the real mechanics of choice: capacity limits, transportation trade-offs, and how a school’s focus can shape your daily routine.We break down the differences between charter, magnet, and neighborhood schools, clarifying a common myth: charters are public and tuition-free. From classical education that emphasizes cursive and memorization to American history and civics programs, from IB pathways and STEM labs to hands-on building trades that construct a real house each year, the menu is wide. Lori shares how families can leverage these options to find the right fit for unique learners, including supports many districts offer for homeschoolers and students with dyslexia. Along the way, we connect the dots between top-rated districts, property values, and the practical workarounds when your budget and dream school don’t align.Timing matters too. Application windows, waitlists, and varying start dates can complicate midyear moves, especially for military families. Lori lays out a simple approach: define your child’s needs, shortlist programs, confirm availability, and understand transport before you start touring homes. When parents lead with the right questions, the right neighborhood often reveals itself.If this conversation helps you map your next move, follow the show, share it with a friend who’s relocating, and leave a quick review. Questions about schools or neighborhoods in Colorado Springs? Call or text Lori at 719-332-1807—yes, she’ll really respond.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

How Do Short Sales And Foreclosures Work?Deals on distressed homes are real—but only if you know how to navigate the maze. We break down short sales and foreclosures in plain language, showing where timelines stretch, where lenders draw hard lines, and where smart preparation turns a risky bet into a confident purchase.First, we clarify the fundamental difference: a short sale is a home on the path to foreclosure that still needs lender approval to accept less than the mortgage balance, while a foreclosure is already bank-owned. From there, we map realistic timelines, why lowball offers often fail, and how lender valuations shape negotiation power. You’ll hear how winterization affects inspections, why buyers might pay to unwinterize and rewinterize, and how FHA and VA standards can derail a deal if key safety items aren’t addressed.Then we get practical. We walk through must-do inspections—full home, roof assessment, sewer scope, and more—and explain why spending upfront saves thousands later. We share red flags for REO listings, how to manage utility activation, and when an “as is” stance is negotiable. For sellers in hardship, we compare the credit impact of a well-executed short sale to the long tail of a foreclosure, including potential deficiency judgments and the possibility of a 1099 for forgiven debt. Throughout, we highlight how an experienced realtor streamlines paperwork, sets expectations, and navigates bank processes that can overwhelm even seasoned buyers and sellers.If you’re weighing patience against price, this conversation equips you to choose with eyes open. Subscribe for more real-world guidance on Colorado Springs real estate, share this episode with someone considering a distressed purchase, and leave a review with your top question—we might feature it next.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

What Should Retirees Consider Before Relocating?What happens when the retirement relocation dream meets reality? Spoiler alert: grandkids change everything!In this enlightening conversation, REMAX Properties broker Lori Thompson unpacks the essential considerations for retirees contemplating a move. Drawing from decades of experience helping both military families and civilians find their forever homes, Lori reveals that while grandchildren often become the deciding factor for many retirees, practical considerations still demand attention.Thinking beyond today's needs proves crucial when selecting a retirement property. Those stairs might be manageable now, but how will they feel in five years? That stunning mountain retreat might offer peaceful solitude, but how far is it from medical care? Lori addresses these forward-thinking questions while emphasizing the importance of long-term affordability—examining not just purchase prices but ongoing costs like property taxes, insurance, and HOA fees that can make or break a retirement budget.The discussion takes a humorous turn when exploring what happens when couples disagree about where to relocate. Lori's sage advice? "When all else fails, agree with her." But seriously, resolving location differences before moving prevents years of potential discontent. Whether you're planning retirement relocation or just contemplating future possibilities, this episode offers practical wisdom for making choices you won't regret.Ready to explore retirement relocation options in Colorado Springs? Connect with Lori Thompson at 719-332-1807 or visit online—because your lifetime realtor actually answers her phone!To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

What’s Lori’s Best Advice After 40 Years In Colorado Real Estate? What separates successful real estate transactions from stressful ones? According to 40-year veteran Lori Thompson, it all comes down to preparation. Drawing from thousands of Colorado Springs home sales, Lori shares her golden rule that applies whether you're buying your first home or selling your fifth: "Be prepared."Buyers need to understand exactly what funds they'll need throughout the entire process—not just the down payment, but inspection costs, appraisal fees, and closing costs. Sellers must recognize that their beloved home might need improvements to appeal to today's market. As Lori memorably puts it, "If they can smell it, we can't sell it." Those cooking odors, smoking residue, or pet smells that you've become nose-blind to? They're costing you thousands.The Colorado Springs market has transformed dramatically during Lori's career, but one truth remains constant: market conditions always change. Today's buyer-friendly inventory levels will shift, just as yesterday's multiple-offer feeding frenzies eventually cooled. Success comes from understanding current conditions and adapting strategies accordingly. Beyond market mechanics, Lori emphasizes that real estate remains deeply emotional—these aren't just transactions but life transitions filled with memories, hopes, and sometimes tears. Finding a realtor who balances practical guidance with emotional intelligence makes all the difference.Looking for your lifetime realtor who answers her phone and genuinely cares? Call or text Lori at 719-332-1807 or visit online. Whether you're PCSing to Colorado Springs or ready for your forever mountain view, Lori's guidance goes beyond closing day—because real estate should be about relationships, not just commission checks.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

 Should I Consider Buying A Distressed Property?Are you dreaming of buying a fixer-upper that could become your perfect home or a profitable investment? Before you start swinging that sledgehammer, veteran Colorado Springs realtor Lori Thompson has some crucial wisdom to share about the reality of distressed properties.The journey into distressed real estate starts with understanding what "distressed" actually means. As Lori explains, this spectrum ranges from homes needing simple cosmetic updates to properties requiring major structural repairs. Your success depends largely on two factors: your personal skill set and your network of reliable contractors. While some investors come equipped with respirators ready to tackle meth-contaminated properties, others find value in homes that simply need a thorough cleaning, fresh paint, and landscape rehabilitation. The key is knowing where you fall on this spectrum and being honest about your capabilities.Smart buyers know that due diligence is non-negotiable when considering distressed properties. Lori strongly recommends comprehensive home inspections with special attention to big-ticket items like structural integrity ($30,000-$50,000 to fix), sewer line conditions ($15,000-$20,000), and roof quality ($12,000-$20,000). For just $100-$150, having a sewer scope done can save you tens of thousands in unexpected repairs. Financing options exist for those without cash reserves, including the FHA 203k rehab program, though these specialized loans come with specific requirements including using approved contractors. VA loans can still work for properties with minor issues, provided there are no significant health hazards.Looking for the perfect distressed property opportunity? Lori offers this insider tip: "If the property is real pretty and if it blings, that's probably not your best deal." Sometimes the best values are hiding behind terrible listing photos taken by "lazy realtors" on cloudy days with cell phones. These overlooked gems might just be your pathway to building substantial equity. Ready to explore distressed properties with an experienced guide? Call or text Lori Thompson at 719-332-1807 – because distress doesn't have to mean disaster when you've got the right expertise on your side.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

 How Do Contingencies Work In A Real Estate Contract?The safety nets that protect your real estate transaction deserve more attention than they get. Those little clauses tucked into your contract—contingencies—can be the difference between a smooth closing and a financial disaster.Real estate veteran Lori Thompson breaks down the power of contingencies with practical wisdom and straight talk. "When you jump out of an airplane, I always recommend that you pull the little ring over your left breast pocket," she quips, explaining why home inspection contingencies should never be waived, even for brand-new construction. From discovery of grout-clogged drains to missing insulation between garages and living spaces, professional inspections catch what the building department might miss during brief site visits.Home sale contingencies create a delicate domino effect where one transaction must complete before another can proceed. Lori walks through how "first right of refusal" clauses work and why they're becoming more common again in today's shifting market. Meanwhile, financing contingencies protect buyers through the underwriting process—where seemingly innocent decisions like buying new appliances or changing jobs can derail your mortgage approval at the last minute. "Don't buy a two-dollar toothbrush," Lori warns, only half-joking about preserving your credit status before closing.Insurance contingencies have taken on new importance as rates continue climbing nationwide, significantly impacting monthly payments. Throughout it all, communication between all parties remains the linchpin of successful contingent transactions. Whether you're a first-time homebuyer or seasoned investor, understanding these protections helps you navigate the complexities of real estate with confidence. Ready to talk contingencies for your next move? Call Lori directly at 719-332-1807—yes, she really answers her phone.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

What Local Events Or Attractions Should Newcomers Check Out?Dreaming of mountain views with none of the humidity (or bugs)? Colorado Springs might just be your perfect match. This episode takes you on a virtual tour through one of America's most gorgeous mountain towns, guided by local legend Lori Thompson, who's been helping families find their dream homes here for over 40 years.The crown jewel of the Springs has to be Garden of the Gods – a spectacular collection of towering red rock formations that Lori humorously declares "illegal to skip" when visiting. The best part? It's completely free, thanks to a thoughtful deed that prevents the park from ever charging admission. Whether you're driving through, picnicking, or rock climbing (with proper permits), these ancient formations create unforgettable memories against the backdrop of Pikes Peak.Military families will discover a community that truly embraces them, with nearly every business offering military discounts and numerous resources available. From the free Focus on the Family Visitor Center with its three-story slide for kids to the five-star brunch experience at The Broadmoor overlooking the lake, Colorado Springs seamlessly blends outdoor adventure, family-friendly activities, and sophisticated offerings. Don't miss seasonal attractions like the Chili Cook-off, Scottish Festival with traditional food, or the Renaissance Festival in nearby Larkspur where you can "get your turkey leg and carry your sword and nobody will look at you strange."Whether you're relocating, visiting, or just curious about life in this vibrant mountain community, Lori's insider perspective gives you the authentic scoop on what makes Colorado Springs so special. Have questions about real estate or looking to make your move? Call or text Lori directly at 719-332-1807 – yes, she actually answers her phone!To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

 How Much Money Do I Need To Buy A House In Colorado Springs?Ready to dive into Colorado Springs real estate but unsure about the financial commitment? You're not alone. The burning question on everyone's mind is exactly how much cash you'll need to make your Colorado Springs dream home a reality.Lori Thompson, with over four decades of Colorado Springs real estate expertise, pulls back the curtain on the true costs of homebuying in this candid, no-nonsense episode. She demystifies everything from down payments to closing costs, offering crystal-clear guidance for military families using VA loans and civilian buyers alike. While VA loans offer zero down payment options, Lori explains the often-overlooked expenses like earnest money, inspection fees, and appraisal costs that catch many buyers by surprise.For conventional buyers, Lori outlines how down payments ranging from 3-20% impact your monthly budget and long-term financial health. She reveals that today's shifting market now allows buyers to negotiate closing costs—something unheard of during the recent seller's market frenzy. Perhaps most interestingly, she shares an insider strategy about assumable loans that could potentially save you thousands in interest over the life of your mortgage, illustrated through her own granddaughter's recent home purchase at a remarkable 2.6% interest rate.With median home prices hovering around $420,000 and single-family homes under $300,000 becoming increasingly rare, understanding your budget parameters has never been more crucial. Beyond purchase price, Lori highlights the significant variations in property taxes, metropolitan district fees, and utilities that impact your monthly housing expenses. Her practical, straightforward advice eliminates the guesswork and empowers you to enter the market with confidence. Whether you're a first-time buyer, military family facing PCS orders, or looking to upgrade to your forever home, this episode delivers the financial clarity you need for your Colorado Springs home buying journey. Ready to take the next step? Lori's ready to answer your call.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

How Do Rising Interest Rates Affect Home Affordability?Rising interest rates have dramatically transformed the Colorado Springs real estate landscape, but contrary to what many believe, this shift brings unexpected advantages for savvy homebuyers. After enduring a frenzied seller's market with multiple offers and prices soaring well above appraisals, we've now entered a more balanced environment where buyers can breathe, think, and negotiate.As we explore in this episode, today's buyers face a fascinating trade-off: higher monthly payments but significantly less competition. The old real estate wisdom "marry the house, date the rate" has never been more relevant – especially for military families using VA loans who can access streamlined refinancing options when rates eventually decrease. We break down how new construction incentives like 2-1 buydowns work, potentially lowering your rate by 2% the first year and 1% the second year before settling at the market rate. This structure aligns perfectly with expected BAH increases or career advancements many military families experience.Colorado Springs holds a special place in military assignments, ranking second only to Hawaii in desirability. This creates unique investment opportunities as many service members choose to keep their properties when transferred, establishing rental income streams with plans to return upon retirement. We examine the complete financial picture beyond just the interest rate – including how property taxes differ between new and established neighborhoods, additional costs in new construction that model homes don't reveal, and the importance of maintaining financial flexibility after purchasing. Remember, most homeowners stay in their properties just 5-7 years, not the full 30-year mortgage term, making the right property at a manageable payment far more important than waiting for "perfect" interest rates. Ready to explore your options? Contact Lori, your lifetime realtor who's been guiding Colorado Springs homebuyers through interest rate cycles for over 40 years.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

Meet The Host:  RE/MAX Properties' Licensed Realtor And Broker, Lori ThompsonFrom teenage inspiration to Colorado Springs real estate legend, Lori Thompson's 40-year journey captures the essence of dedication and genuine client care. When Lori was just 14, forced to leave her beloved Colorado for Las Vegas, a compassionate realtor made her feel valued by including her in the house-hunting conversation. That small act planted a seed that would eventually grow into a remarkable career spanning four decades.Remember 1985? Interest rates soared at 13.5% and the average home cost about $78,000. That's when Lori earned her license, despite warnings from friends that she would "starve" in the business. Today, she's not only thriving but selling homes to the grown children of former clients and even her own granddaughter. There's something profoundly meaningful about helping multiple generations of families find the spaces where they'll create their most precious memories.What sets Lori apart in an industry often criticized for poor communication? "I answer my phone," she says simply. That accessibility combined with meticulous preparation for both buyers and sellers minimizes surprises throughout the transaction. For sellers, she focuses on proper home prep and high-quality photography. For buyers, she creates a roadmap explaining earnest money, inspection importance, and what to expect at each step. This thorough education process transforms potentially stressful situations into smoother experiences.When not matching families with their perfect homes, Lori embraces Colorado's natural beauty through hiking, enjoys quiet time with her pets, and travels with her 90-year-old mother. After four decades in real estate, her enthusiasm remains undiminished. "I love what I do," she explains, noting that despite inevitable challenges, about 85-90% of her experiences are wonderful—impressive odds that explain her longevity and success.Need a realtor who combines decades of expertise with genuine care? Contact Lori at 719-332-1807 or visit LoriSellsHome.com to work with a lifetime realtor who's been helping Colorado Springs residents find home since 1985.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807 

What Should Military Families Know When PCSing To Fort Carson Or Peterson Air Force Base? Moving across the country is challenging enough, but military families facing a PCS to Colorado Springs encounter a unique set of hurdles and opportunities. As your lifetime realtor with over 40 years of experience helping service members find their perfect homes, I'm sharing crucial insights that can transform your relocation experience.Did you know Colorado Springs ranks as the second most requested military assignment behind only Hawaii? It's no wonder, with our breathtaking mountain views, military-friendly community, and abundance of resources designed specifically for service members and their families. Whether you're headed to Fort Carson, Peterson Air Force Base, Schriever Space Force Base, or the Air Force Academy, understanding the local housing landscape before arrival can save you significant stress.For families buying sight unseen—especially those PCSing from overseas—I provide detailed video tours highlighting both features and potential concerns. My concierge approach includes stocking essentials in your new home upon arrival and even emergency Costco runs when household goods get delayed! I've learned what military families need most: honest information about neighborhoods, school districts with open enrollment options for your children, and homes that meet VA loan requirements. Popular neighborhoods include Fountain and Widefield for Fort Carson families, while Peterson and Space Force personnel often prefer Springs Ranch or Briargate. Your lifestyle matters too—whether you need horse property, want a quick downtown commute, or dream of easy access to outdoor adventures.Have questions about using your VA loan benefits, finding the right school district, or which neighborhoods best match your family's needs? Reach out directly at 719-332-1807. Together, we'll find not just a house, but a true home for your Colorado Springs chapter of military life.To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com RE/MAX Properties Inc. Colorado Springs 719-332-1807