Written by Todd Hawker Wednesday, 14 October 2009 09:09
According to Money Magazine, CNN and Outside magazine, the Colorado Springs area is one of the best places in the country to live, and there has never been a better time to be buying a house in Colorado Springs. It is still a buyers’ market, but now is the time to make a deal. Like most areas of the country, home prices have dropped over the past year, but they are beginning to inch up. If you want to buy a home in Colorado Springs, a great selection of resale homes is currently available at excellent prices. The post contains some house-hunting tips for buying a home in Colorado Springs.
Work with a buyers’ agent.
- With so many great properties on the market, you will want to work with an experienced buyers’ agent. He or she will help you select the right properties that meet your needs and budget, and will steer you towards the properties that will be a good match for your priorities.
- A buyers’ agent works for you; not for the seller, and will have access to the Pikes Peak MLS. He or she should also have their own lockbox key, which will allow them to do a comprehensive search on your behalf.
- If you are new to the Colorado Springs real estate market, ask for referrals before hiring an agent. Don’t be afraid to interview more than one agent, and wait until you find one you feel comfortable with. Most reputable real estate agents will offer testimonials and put you in touch with some of their satisfied customers.
Ask the right questions.
- When you are ready to buy a home in Colorado Springs, be sure to ask the right questions. You will want to know how long the home has been on the market and how many price reductions have occurred since it was first listed.
- Your agent will provide you with market comps for other homes that have recently sold in the neighborhood, so you can compare the home’s price with comparable sales in the area.
- Most house hunters will want to know about the local school district, community centers, healthcare facilities, recreation areas and traffic patterns. A buyers’ agent should have all of this information together and available for you for quick review.
Don’t wait - make your move.
- Currently, home prices in Colorado Springs are averaging about $190,000. It is still possible to find short sales and foreclosures at bargain prices, but don’t expect them to last long.
- The availability of affordable real estate in this area is heavily influenced by the influx of military families moving into the region, so timing is everything.
With great weather, breathtaking backdrops of Pike’s Peak and the spectacular beauty of the Garden of the Gods, Colorado Springs is a very desirable place to live. The city is located just minutes away from the mountains where residents enjoy world class skiing, snowboarding, climbing, hiking and biking.
House hunters will undoubtedly find a great selection of desirable homes in the area. Just follow these simple tips and you will be on your way to buying a home in Colorado Springs.
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