Colorado Springs Realty Blog

After your real estate agent lists your home in the Pikes Peak Multiple Listing Service (MLS), ask your agent to send you a link or give you print out for the MLS listing so you can review the details. Review all of the home details including number of bedrooms, baths, and room sizes. Don’t forget to make sure the address and subdivision are listed correctly. Believe it or not, I have run across homes in the MLS that are listed under the wrong address!

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With so many homes for sale in Colorado Springs, it is exciting when showings result in a contract offer on your home. Although receiving a contract is a step in the right direction, there is much negotiating and collaborating that takes place between the parties involved until the transaction finally closes.

In the present real estate market, it is not uncommon to see issues with buyer financing cause contracts to fall through. For this very reason, it is important sellers require buyers accompany their offer with a pre-qualification or pre-approval letter. Even then, a lender pre-qualification letter may not be enough to guarantee the buyers financing will not be of concern down the road. The listing agent needs to be in communication with the buyer’s lender throughout the transaction to ensure everything is on track.

Unfortunately for everyone involved, unexpected events may occur that affect the buyer’s financial situation. Sellers can reduce the risk of financing issues causing a transaction to fall through by taking the necessary precautions with their Colorado Springs Real Estate Agent.

Providing real estate information and services for Colorado Springs home buyers and sellers.

Additional Reading:

Tips for selling your home in Colorado Springs

Real Estate Tip #1 for Sellers in Colorado Springs

Real Estate Tip #3 for Sellers in Colorado Springs

If your home didn’t sell and it was priced correctly, in excellent condition, and in a great location, it may have not been marketed effectively.

In today’s real estate market, putting a sign in the yard is not enough for a home to sell. There is too much competition! A real estate agent is not always the one at fault if a home does not sell but it is a possibility.

How did your agent market your home? Was their marketing plan effective in exposing your home to buyers? What was the quality of photographs posted to the MLS? Did you look at the way your home was listed on the MLS to ensure all of the information was correct and that the pictures your agent submitted to the MLS were of quality? If your agent only added one picture of your home on the MLS that may be one reason it did not sell. Many buyers in Colorado Springs want to see photos of the inside of a home and if there are no pictures, many buyers assume something is wrong with the inside of the house.

Was your home exposed to other real estate agents? If so, did you apply any of the feedback recommended by agents such as removing stains from the carpet, de-cluttering, or painting the front door?

If your real estate agent did not properly market your home to buyers that may be one reason it did not sell! Getting your home in front of buyers, particularly on the Internet, is critical since most home buyers begin their home search online.

Being involved with your Colorado Springs REALTOR® throughout the selling process will promote more communication and keep you in the loop of what is going on in the Colorado Springs Real Estate Market.

Related Articles:

Why your Colorado Springs Home Expired - Part 1

Why your Colorado Springs Home Expired - Part 2

Why your Colorado Springs Home Expired - Part 3

Colorado Springs Real Estate information and services

If you are buying a home in Colorado Springs, make sure your inspector goes onto the roof and inspects it thoroughly. Believe it or not, there are inspectors who do not go on the roof to inspect it! If the roof needs replacement and the seller is not willing to pay for a new roof, and you still plan to buy the home, make a phone call to your homeowner's insurance.

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Listing your home for sale and making it readily available for showings can be challenging if you have a difficult schedule or personal circumstances that complicate your ability to have the home shown. 

You may ask your real estate agent to limit showings to specific days or times of the week. Showing instructions that are short and sweet make it easier for buyers and their agents to access your property.

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1. Less Competition - Many sellers in Colorado Springs take their homes off the market if they haven’t sold until springtime.

2. Show off your home - During Christmas time, you can make your home really stand out with Christmas lights and décor!  Have your realtor hold an open house and people will feel at home while sipping on hot apple cider. 

3. Better comps - Since March through August is the busiest time for real estate in Colorado Springs, sold comps in your area should be higher if you list during the cold months vs. listing during the spring and summer months.  Remember, appraisers go back six months when reviewing sold comparable properties in your area.

4. Happy House Hunting - While everyone else is busy listing their homes next summer, you can be busy picking your next home from the large selection of homes on the market!  Your home has to sell by summer for this to happen of course.

5. Time to make changes - If you list your home during the summer months and receive feedback to make changes (i.e. paint, landscaping, carpet, etc...) you have to scurry.  If you list during the winter, you can take feedback into consideration and make any necessary changes before the busy season (if your home remains on the market).

Related Articles:

Colorado Springs Home Sellers - Are you serious about selling?

When selling your Colorado Springs home stirs up emotions

Colorado Springs Realtor Patricia Beck, providing real estate services to home buyers and sellers.

If your home is off a busy street or inconveniently located, it may have expired for that very reason.  Location is very important to buyers in this market.  With increasing gas prices, many buyers are looking for a home near their place of work so they can save money on gas or ride a bicycle to work. 

Maybe you are right across the street from a park or school, perfect right?  Actually, many home buyers in Colorado Springs do not want to be directly across a school or park due to potential traffic and noise from games, students, etc… 

If your home backs to a busy street, home buyers may not prefer your property in comparison to others in the same price range due to lack of privacy and noise from vehicles.

Maybe your home is in great condition but the condition of other homes in your neighborhood is not.  This can be common in an area where there have been neglected homes due to foreclosure.  Pitching in with the neighbors to improve the property’s curb appeal may help your home sell more quickly. 

Since you can’t pick up your home and move it, location will continue to be an issue when you re-list with another real estate agent in Colorado Springs.  Even a home that is not situated in the best location will sell for the right price.  Work with a real estate agent to price your home accordingly so it does not expire again. 

Read Also:

Why you Colorado Springs Home Expired - Part 1

Why you Colorado Springs Home Expired - Part 2

Providing real estate information and services for Colorado Springs home buyers and sellers.

The condition of your Colorado Springs Home could be another reason your home expired. There is competition among sellers in Colorado Springs when over 6,000 single family homes are for sale in El Paso County. If your home is not in good condition then it is unlikely it will sell unless you price it well below the market values in the area and target investors.

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You worked hard to get your home ready to list and kept it clean for showings. Here you are months later and your home never sold and may not even had many showings either. You're probably thinking, all this work for what? My home hasn't sold and here I am, so now what?

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One very important question sellers in Colorado Springs have to ask themselves before listing their home for sale is:  "It is more important that I sell my home for top dollar or that I sell my home quickly?"  If  your home is located in an area of Colorado Springs that is highly desirable and in perfect condition, there is always the possibility you may sell your home quickly and for the price you want.  It is a competitive market in Colorado Springs so it is important to ask yourself this question early on in the game.

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There have been many instances in Colorado Springs where vacant homes have been broken into or where people have been found occupying a vacant home without the owner's permission.  If you have a Colorado Springs home for sale that is vacant, it is important to take certain precautions in order to decrease the probability that your vacant home gets broken into.

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Open houses do not always sell homes but they do expose your home and let others know it is actively for sale.  It is the job of your Colorado Springs Realtor to do get people to the open house but it is the sellers' job to get the house prepared for visitors.

1.  Clean, clean, clean- Prospective buyers will notice dirty floors, bathrooms, and countertops so make sure you complete a deep cleaning beforehand.  People do open closets and cabinets so de-clutter and organize all of your closets, kitchen cabinets, and cabinets under your bathroom sinks.

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Many sellers try to justify overpricing their home because it has more upgrades, remodels, or just looks nicer than the others in the neighborhood.  Many buyers actually consider the price of the home to be one of the most important factors according to a recent survey. 

No doubt, upgrades do help in the sale of a home in any market but sellers just may not get the same return they planned on in the current Colorado Springs Real Estate Market compared to a few years ago.  The competition is fierce so having a clean, de-cluttered, and attractive home is important if you want to sell.

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Many sellers, especially women who are eager to sell their home often become emotional once their home goes under contract. Allowing our emotions to take over during the selling process can cause serious problems during the transaction and even cause a home not to be sold as a result.

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The market in Colorado Springs has changed and so has buyers’ expectations; don’t expect to sell your home for top dollar if it isn’t in tip top condition.

Buyers have so much variety to choose from in Colorado Springs and they don’t have to settle for a home that is in less than perfect condition. Many buyers want a home that is well priced and move-in ready.

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The real estate market is competitive in Colorado Springs and sellers need to be aware of similar homes that are for sale and how they stack up against their own.  Many sellers are unaware of other homes for sale in the area that are not only selling for less, but are also in better condition.  No wonder their home is not selling! 

Sure buyers like all of the extra bells and whistles in a home but when it comes down to it, they prefer a lower mortgage payment instead of all of the upgrades. Avoid doing any major improvements to your home, instead, focus on curb appeal, de-cluttering, and staging your home.  If you have completed any major upgrades, you may not see a large return on your money depending on the type of upgrade completed.  Ask your Colorado Springs Realtor about what upgrades or improvements you should make to your home in order to sell quickly. 

Additional Reading Material:

Tips for selling your home in Colorado Springs

Real estate tip #2 for sellers in Colorado Springs

Real estate tip #3 for sellers in Colorado Springs

For further information on available Real Estate in Colorado Springs contact your Colorado Springs Realtor, Patricia Beck.

There are so many different incentives sellers offer to buyers in Colorado Springs and a home warranty is one of them.  Many buyers in today's market often request a home warranty be provided if it is not already offered by the seller when sumbitting an offer.

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If you are planning on putting up your home for sale, do not delay because the clock is ticking! Right now is the peak season in real estate for the Colorado Springs area. Why? The weather is much nicer from March-August and many buyers would rather move in the Spring and Summer months instead of during the Holidays and Winter months if given the option. Also, children are out of school for the summer and many parents prefer to find a home before their children return to school for the year in order to avoid the hassle of transferring their children to a different school after the school year begins. Hire an experienced Colorado Springs realtor, stage your home if necessary, and price it correctly in order to sell during the peak season for real estate in Colorado Springs!

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To find out more about Colorado Springs Realty and the Colorado Springs Area contact me or visit my website.

Maybe your family has outgrown the current home you live in, you may want to be closer to your new job, or would like to live in a different area of town. Whatever the reason, many people desire to buy another home. Before you begin your home search, it is important to devise a plan.

Homes are clearly taking longer to sell in Colorado Springs than in previous years so it is wise to sell your current home before purchasing another.

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