Patricia Beck , GRI
Light Snow, and 21 ° 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.
The first time home buyer tax credit expires November 30, 2009 so if you are planning to purchase a home, do not delay. Due to the current market, buying a home may not always be a smooth process; approximately 40% of properties actively for sale in Colorado Springs are distressed. 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.
Feel free to contact me, your Colorado Springs Realtor, with any questions about buying a home in Colorado Springs
Additional Reading:
10 Valuable Resources for Home Buyers in Colorado Springs
$8,000 Tax Credit
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
