Don’t Get Left Behind in a Colorado Springs Bidding War

Colorado Springs Area Real Estate Podcast with Tiffany Lachnidt

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Unfortunately for home buyers in Colorado Springs, we are having a wild market shape up where homes are selling quickly and with multiple bids on them.
However, there are things you can do to increase your odds of winning a home.

• Work with a reputable local lender. Sellers will always want to know that you can actually afford to buy their home, so bring all the necessary documents and have it signed by an underwriter if you can.
• Eliminate concessions and pay what closing costs that you can. The fewer contingencies, the better off you will be as a buyer.
  
  
  


• Know that appraisals are becoming challenging because home values are rising. Prepare for this, especially if you are using a government loan.
• Remember that the highest dollar amount will not always win a home. Sometimes sellers prefer convenience over monetary gain, so making better terms on your offer can be just as important as offering a fair price for the home.

Remember these tips when you’re competing for a home, and don’t be afraid to compete for a home! We can help you write a compelling offer that will maximize your chance of being picked by the seller.
We look forward to hearing from you. We expect this spring to be a very busy one for us!