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Colorado Springs Real Estate

Colorado Springs Best REALTORS

By | Colorado Springs Real Estate | No Comments

How do you find the best realtor in Colorado Springs, CO to sell your house? If you are looking for a house to buy, you may likely have the same question. It used to be that if you wanted to hire a real estate agent, you would simply ask a friend, neighbor or family member who they used to buy or sell their home. That time is long past. Now there are numerous websites that will find a recommend a top real estate agent including Homelight, AgentAce, Referz, Agents Ranking,  My Agent Finder, Dave Ramsey and more. Most of these websites work with Colorado Springs real estate agents who have won sales awards and have at least five years of sales experience.

Many of the leading real estate agents are from companies such as Pink Realty, RE/MAX, Skyline Properties, Sotheby’s, Coldwell Banker, 8z Real Estate or Best Realty. You’re likely to receive valuable information about the experience and sales success for the real estate agent or agents they recommend.

Most home sellers begin the process by interviewing a couple of agents who can provide them with an estimated market value for their house. Of course there are numerous automated tools from companies like Redfin’s How Much is My House Worth and the Chase Home Value Estimator. The most accurate valuation will come from a Colorado Spring real estate agent who can accurately account for things like curb appeal, quality of finishes and neighborhood appeal.

Have you used any of these automated real estate services? If so, what has your experience been? If you used a website to receive an automated property value and then met with a real estate agent who you hired to sell your house, how did the automated value compare to the sale price? How did it compare to the property value given to you by the local real estate expert?

 

Colorado Springs Housing Market Favors Sellers

By | Colorado Springs Real Estate | No Comments

Homes sellers in Colorado Springs have been experienced a real sellers’ market that has resulted in market time for homes listed for sale of less than 30 days and an increase in multiple offers which is driving up home prices. A healthy Colorado housing market would be a situation in which the supply of houses is around 6 months. This would be considered a neutral housing market, one that doesn’t favor buyer or sellers, it’s simply health. If the supply is more than 6 months, the market would favor buyers, if the housing supply is less than 6 months, this would be a sellers’ market. Currently the supply of homes in Colorado Springs is only about three months. Let’s just say we have a lot of very happy sellers who have seen drastic home price appreciation over the past year or so.

Benefit for Home Sellers

Sellers have seen the value of their home increase by as much as 10% over the past year alone and this is after two years of back to back price increases. The market is getting unaffordable for 1st time buyers who are excited to purchase their first home. Many first time buyers are having to choose condos or town homes instead of single family homes after meeting with a local agent who educates them on current home prices. It’s always a good idea to check out current prices on realtor.com, prior to meeting with an agent. This will service to set realistic expectations about what you can and can’t afford when you begin your home search.

Home prices are expected to continue to increase driven by lack of new construction over the past few years and historically low interest rates which have allowed buyers to purchase more house than they would be able to afford in a higher interest rate environment.

Many would be buyers are having to consider rental options. It is still possible to rent a nice home in Manitou Springs, Cimarron Hills, Woodland Park, Divide, Peyton, Woodmoor and Fountain for less than $2000 per month, however, as home prices continue to climb, we expect to see this begin to effect rental prices as well. It is often a balancing act to determine if it makes more sense to purchase a home or to continue renting.

Help For Home Buyers

Home buyers in CO Springs looking for assistance with qualifying for a mortgage, will benefit from the guidance they will receive when contacting a local real estate agent who will be able to connect them with a Colorado Springs mortgage lender. A few of the most active buyers agents include:

  • Monica Breckenridge and Pink Team with Pink Realty
  • Jeff Johnson with RE/MAX Real Estate Group
  • Treasure Davis with RE/MAX Properties

We have enjoyed working with Jason Daniels from RE/MAX as well as Ann Heiring. Both of these top agents are experienced and dedicated to their clients.

Although most real estate agents don’t specialize in working with renters, they may also be able to provide a recommendation for someone who can assist you with finding a house for rent. We always recommend that potential renters check craigslist, which is one of the best sources of homes for rent in Colorado Springs.