Wondering what you should do first to buy a house? If you’re getting ready to buy a home in Colorado Springs, it’s important to know where to start. 

In this post, Barb Schlinker and our real estate team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team will discuss the first step you should take in the home-buying process, so you can prepare for a successful experience. 

Key Takeaways:

• If you’ve already reviewed your finances and determined that you can comfortably afford a home, the first step you should take to officially start the buying process is contacting a realtor.
• Realtors can help you with much more than finding listings. They can also help you with things like finding a lender, applying for pre-approval, forming a budget, and deciding what your home preferences are.
• Take your time finding the right realtor for your needs. Ideally, you should interview three to five agents minimum before deciding on one to work with.

What is the First Thing to Do to Buy a House in Colorado Springs?

If you’ve already reviewed your finances and determined that you can comfortably afford a home, the first step you should take to officially start the buying process is contacting a realtor.

Many buyers assume they don’t need to contact a realtor until they’re ready to start looking at homes, or even until they’re ready to make offers. However, it’s more beneficial to hire a realtor as soon as possible in the process.

Realtors can help you with much more than finding listings. They can also help you with things like finding a lender, applying for pre-approval, forming a budget, and deciding what your home preferences are.

Experienced realtors often have large professional networks, made up of mortgage brokers, home inspectors, and real estate attorneys. With this network at your disposal, you’ll have access to trusted experts throughout your journey

Realtors also provide invaluable expertise, guidance, and comprehensive knowledge of the local market, including current listings, price trends, and neighborhood insights. This information saves you time and helps you find the right property more efficiently. 

Take your time finding the right realtor for your needs. Ideally, you should interview three to five agents minimum before deciding on one to work with.

What Should I Do Next After Hiring a Realtor?

• Apply for Pre-Approval: Pre-approval gives you an estimate of how much of a loan you’ll be able to get once you officially apply. You can use this estimate to set a budget and guidelines for which homes to look at. A pre-approval letter is also important because it shows sellers you have serious intentions about purchasing.
• Research Colorado Springs Neighborhoods: Start thinking about which Colorado Springs neighborhoods and communities fit your budget, preferences, and lifestyle. The area has everything from luxury neighborhoods like Northgate and Kings Deer to classic suburban communities like Pikeview and Upper Skyway. There are also many new construction neighborhoods, as well as townhomes and condos. 
• Start House-Hunting: Look for homes online, on social media, or by driving around neighborhoods. You can also look at print sources like local newspapers and real estate magazines. 

What is the Housing Market Like in Colorado Springs

In recent months, the median sale price in Colorado Springs was $440,000, a 1.3% increase from the same point a year ago. The average price per square foot is $217, which is a 4.1% increase from last year. 

Most homes sell for 1% below the asking price, while the hottest homes sell for 1% above their asking price. In addition, 24.7% sell above their asking price, and 26.5% of homes experience a price drop at some point after being listed.

Barb Schlinker is the Best Realtor in Colorado Springs

If you’re looking for the best realtor in Colorado Springs, look no further than Barb Schlinker and our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team. We’ve been in the real estate business for 30+ years, which means we’ve helped thousands of home buyers find their dream homes.

Throughout our career, we’ve developed a reputation for high-quality customer service, attention to detail, and a stress-free experience thanks to our VIP Buyer Program. With this program, you get curated property hotlists, free home-buying resources, and our unique Buyer Satisfaction Guarantee. 

To learn more about buying a house in Colorado Springs with our team, reach out to us today at 719-301-1802 or [javascript protected email address]. Don’t wait to find your dream home!

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!