If you’ve been relocated to Colorado Springs in a military PCS order, then you will be happy to learn that the area has dozens of realtors that specialize in military relocation. Military relocation is a very important part of what drives the Colorado Springs real estate market, but it is also a segment of the market that has suffered more than traditional residential housing. Military families have faced some very harsh realities because of their need to buy and sell homes quickly. This urgency has forced many of them to rely on realtors with military expertise in Colorado Springs.
Before you start working with a realtor who specializes in military relocation, be sure to do some research about the neighborhoods. A wise move for a military family may be different than one for a traditional relocation. It will require a more stable neighborhood with a low foreclosure rate and a short turnaround time for home sales. Look for neighborhoods where a lot of current military families already live, and where the seller may have the same level of urgency that you have. When you need to move quickly to the settlement table, it really helps to work with an experienced military relocation expert.
Military realtors are also the first to learn about special incentives for families who are dealing with a Permanent Change of Station, or PCS move. For example, according to an article on Action Team Realty’s website (“What Can Realtors Do to Help the Military in Colorado Springs?”), the U.S. Treasury Department is offering a new way to help military families avoid the financial ramifications of a sluggish real estate market.
Known as the “Home Affordable Foreclosure Alternatives” program, or HAFA, it was opened up to include service members who have insufficient assets to meet their mortgage obligations. This often happens when a home at their previous station is still on the market, but the service member is redeployed to a new station. With HAFA, military homeowners can qualify for a short sale or a deed-in-lieu of foreclosure if they are facing a qualified “financial hardship.”
While most realtors won’t find out about these special military incentives, the military relocation specialists at Action Team Realty are trained to be knowledgeable about issues that affect service members. If you’ve been redeployed to a base in Colorado Springs, count on the experienced realtors and military relocation specialists at Action Team Realty.
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