As the summer draws to a close, the Colorado Springs real estate market is still moving quickly. It’s tempting to assume that these market conditions mean you don’t have to work at selling a home. If you assume there won’t be work involved, you may be disappointed. However, a great Realtor® can walk you through the steps to make the process as easy as possible.
Today, we’re going to bust a few myths so you come to the market ready for success.
1. It’s a Seller’s Market – Your Home Will Sell in Hours!
Yes, homes are selling quickly but don’t assume it’s going to be over and done in hours. There’s still a process that involves inspections, appraisals, offers, and counter-offers. With so many transactions happening, buyers and sellers are finding appraisers, and inspectors are booked up for weeks at a time.
If your home is in a higher price bracket (500,000 and above) you may find that the market isn’t moving as quickly. Homes priced under 300,000 are in high demand and are selling quickly but the same conditions don’t apply to more expensive homes.
2. People Are Fighting for Homes So You Can Price High
Overpricing Colorado Springs real estate is still a turn-off to potential buyers. If a buyer loves your home, they may be willing to offer above the listing price to secure the deal. On the other hand, a high price tag may scare off that buyer in the first place.
3. Save Yourself Some Time Now and Do All the Cleanup When You Move
Curb appeal matters whether it’s a buyer’s or seller’s market. You don’t want to give any excuses for buyers to talk down the listing price. Take time and do the cleanup now even though you’ll have to do more cleaning when you move.
4. To Sell Colorado Springs Real Estate You Don’t Have To Worry About Staging
This idea goes along with the myth that you don’t have to work at selling when the market is moving quickly. Selling always involves work. For the best results possible, don’t skip steps. Talk to your Realtor® about staging and photos.
5. It’s Impossible to Find a Reasonably Priced House
Some people talk in dramatic terms about doom and gloom for buyers. In this market, buyers need to be ready with preapproval letters and clear plans. That’s no reason to despair about buying a home. Get your paperwork together and you may be surprised by what deals you’ll find.
Give us a call if you’re in the market for Colorado Springs Real Estate. We’ll put in the effort needed to make your home buying and selling success.