Colorado Springs Real Estate

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Why you should not rule out selling your home in the winter months

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Winter will here before we know it, but that should not give you any concern at all if you are considering putting your home on the market for sale in the next few months.  Here are my reasons why:

1. The winter market can be less competitive for Sellers since many families will wait until Spring to list their home. Economics 101: Supply and demand.  Supply goes down, price goes up. This creates a unique opportunity for a Seller to make a little more money just by selling in the Winter months.

2.  The smaller amount of inventory in the form of active listings will allow Sellers to get more attention from a bigger pool of Buyers. This bigger pool of Buyers creates another unique opportunity for Sellers in the Winter months.  A bigger pool of existing Buyers will typically translate into shorter times before a Seller can expect an offer.

3.  Many people do not know this, but many larger corporations will transfer existing employees or hire new ones early in the new year. During this time period, and especially in larger metro markets like Denver and Colorado Springs, this activity tends to produce highly motivated Buyers for Sellers listing their homes in the Winter.

4.  Buyers looking to purchase in the winter tend to be more bound and determined to buy. Most folks will not do a great deal of window shopping in the harsher weather months of December and January like they tend to do in warmer months like March and April. Listing your home in the Winter will likely eliminate some of the ‘lookie loos’ of the Spring months.

To support my rationale, I found a study that came out in late December, 2013 from the online brokerage firm, Redfin. This study found that Sellers net more above asking price during the months of December, January, February, and March than they do from June through November. Further, homes listed in Winter sold faster than those listed in Spring. The likelihood of selling a home when listing in Denver broke down like this:  If you listed your home in Winter, you had a 77% chance of getting it sold in six months or less, in the Spring, you had a 64% chance, in the Summer, you had a 63% chance, and in the Fall, you had a 68% chance.

Winter is coming friends, and numbers don’t lie! If you are needing or wanting to sell your home in the Winter months, you can and with confidence! Feel free to give me a call.

Videos for Home Sellers in Colorado Springs

Whether you are selling your first home or your ninth home, our process will guide you through the steps. Selling your home can be a stressful time, our job is to make it less so.

One of the most common questions we are asked is “Will my Home Sell?”. Watch this video to find out some of the factors involved in a quick sale.

Relocating to Colorado Springs

Are you planning a move to Colorado Springs from out of town? If the answer is yes, then Springs Homes is the choice for you. We are a full service real estate team that offers a complete menu of services to relocating buyers unparalleled by any realtor, team or company in the Pikes Peak region.

Here is what we offer:

      • Your Own Custom Virtual Home Tour
      • FREE Relocation Information
      • Salary/Cost-of-living Comparisons to Colorado Springs
      • Free School District Comparison Report
      • Rental Assistance
      • Information on New Construction
      • New Construction updates (pictures) for those that are out of town
      • Assistance arranging travel plans and accommodations to Colorado Springs
      • Discounts on local hotels
      • Full time staff that caters to our clients special needs

We know moving is a stressful process. Our goal is to eliminate that stress by removing the obstacles and surprises that can make your move miserable. We have refined the relocation process while helping hundreds of clients successfully make the move to our area. Discounts and Rebates have become a popular motivation when choosing a Realtor give us a call to see if you qualify for any of the current discounts and rebates available.

Property Address vs Property Legal Description

In regards to the property address and legal description of the home you are purchasing, this is a big deal!  You always want to make sure that the legal description is correct and that title work and the contract match.  This is what the lenders and the title companies will insure on.  The lender wants to make sure this is correct since they will have the Deed of Trust recorded on the property to ensure that the money they are lending is protected and will be repayed.  Your Warranty Deed created by the title company is signed over from the seller to you and this is your OWNERSHIP to the home and lot that it is situated on.

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