If you have been on the hunt for Colorado Springs real estate for a while now or if you are just beginning, I am sure you've experienced the low inventory, high prices and extremely competitive market. So how do you win in this market? We wish we had the secret answer to that question, however we do have some advice & tips.
Low Inventory & high prices for Home Buyers
If you're looking to purchase a Colorado Springs home right now I am sure you quickly realized the inventory is extremely low. This is due to a ton of people looking to buy right now and fewer sellers listing their homes. This means that you need to be on your toes and prepared to write an offer asap with all your paperwork ready to send. With the inventory so low you may need to make some adjustments to your Colorado Springs home search criteria.
Sacrifice some wants- You may need to scale down your "want" list and prioritize your "need" list.
Expand your search- If your first choice of neighborhoods is too competitive, expand your area search. You might be surprised at the gem you can find! Working with experienced agents who know the area is the best way to find a home that fits your lifestyle and budget.
Get pre-approved before you even begin house hunting. This is especially important in today's market and will help narrow down your home search.
This may be the hardest one, be patient. It may take a little bit longer to purchase your new home but stick to your budget & your most important "need" list, you'll be happy you did when you have financial peace.
Posted by Brooke Falcone on