Patricia Beck , GRI
Partly Cloudy, and 25 ° F. First Time Home Buyers in Colorado Springs
Buying a home can be both an exciting and overwhelming experience if it is your first time. There is so much to learn about what is involved in the home buying process so working with an experienced real estate agent and lender is important.
As a first time home buyer in Colorado Springs, you want to feel comfortable asking questions and communicating with the real estate agent who is assisting you. Since the home buying process can be confusing for those who have never gone through it, I have created a home buying timeline to clarify the process. You can also utilize the real estate calculators to get an idea how much house you can afford or to compare renting vs. buying a home in Colorado Springs.
Although the first time home buyer tax credit has expired, it is still a great time to purchase a home. In addition to low interest rates, there are many buying opportunities in Colorado Springs and many buyers can get into a home with instant equity. Since many properties actively for sale in Colorado Springs are distressed, buying a home may not always be a smooth process. Whether a bank accepts another offer or the bank is taking too long to approve a short sale, it is not uncommon for buyers in this market to submit sequential offers on multiple properties before finding their home. Although it can be difficult, it is important not to allow emotions to drive your actions and to seek the support and guidance of your REALTOR®.
To view opportunities for buyers in Colorado Springs, please follow the links below: Fannie Mae and Freddie Mac Foreclosure Properties and Incentives
Good Neighbor Next Door Program
Feel free to contact me, your Colorado Springs real estate agent, with any questions about buying a home in Colorado Springs
Additional Reading:
10 Valuable Resources for Home Buyers in Colorado Springs
Short Sale vs. Bank Owned Properties
FAQs about Earnest Money
CHFA Financing
5 reasons you should work with a REALTOR® when buying a new home
