realtor showing young couple with kids homes for sale

5 Tips for Finding Homes for Sale in Colorado Springs

So you have decided to begin your search for homes for sale in Colorado Springs. Congratulations! Buying a house can be an exciting time in your life if you are properly prepared. The process can seem daunting at first, but that is why we are here to help! Check out these tips before shopping for your future house. 

 

Tip #1: Be sure to thoroughly check out the neighborhood

Drive through the neighborhoods of the homes you are looking for at different times and different days in order to check out traffic and activity levels. Drive from the houses to the nearest grocery store, hospital, your workplace, school, etc. to see if you are satisfied with the commutes. Check out crime rates and safety services. Be sure you could see yourself living in the environment surrounding your new abode.

Tip #2: Ask the right questions

When touring homes for sale in Colorado Springs, be sure to ask things such as when the houses were built, when essential items were last replaced and how functional they are, if there are any major repairs that you could have the seller pay for, if the seller might be willing to pay for any closing costs, what your house inspection is covering, and more. The more you know, the less likely you are to end up with a home that ends up costing more than it is worth.

Tip #3: Be forward-thinking

Avoid the temptation to settle for a house that simply meets your current needs. Be sure to think through what you might need in a home in the future. If you plan on starting or expanding your family, getting more pets, taking up homesteading, or starting up a home-based business, what you need in a home then might look different than what you need in a home now.

Tip #4: Stay within your budget

There are a wide variety of homes for sale in Colorado Springs at varied price points. It can be tempting to make higher offers in order to get the home of your dreams, but you should try your best to shop underneath your pre-approval rate. If you shop for houses below your pre-approval price, this will leave wiggle room for competitive offers without breaking the bank.

Tip #5: Start saving up

Many first time home buyers fail to budget for closing costs on top of a down payment and first mortgage payment. Be sure you know what kind of down payment you will be expected to pay upfront. Your loaning agency will let you know what percent of the loan you will be expected to pay upfront (usually ranging from 3%-20%), but closing costs are often forgotten. Closing costs will usually be an extra 2-4% of the property value on top of your down payment, so start saving now.

Helping you find the best Colorado Springs houses for sale

 

Do you still have questions about homes for sale in Colorado Springs? Contact our team here at Krakofsky Team Realty by calling (719) 231-9544 or email us at jamie@krakofskyteam.com. 

 

https://www.rochesterrealestateblog.com/top-7-first-time-home-buyer-mistakes/

https://www.nerdwallet.com/article/mortgages/tips-for-first-time-home-buyers

Krakofsky Team Realty