Contact us today at (719) 266-6003 or toll free (855) 530-8008 for detailed information about properties for sale or rent.
Citadel Realty has been selling real estate in Colorado Springs for over 20 years. We will be posting regular articles here with
important information for both buyers and sellers to consider when entering into a transaction. Be sure to check back regularly.
Making an Offer: Tips for Painless Purchase
The large number of properties on the market and very-attractive interest rates
make now an excellent time for first-time buyers to purchase a property, as well
as for existing homeowners to upgrade to a new home.
Prospective buyers should obtain documentation of mortgage approval from a
lender for the amount they will spend on a home, or in the case of a condo,
buyers should also make sure their lender is able to lend on the type of
complex they are interested. Using a lender who is local to Colorado Springs
and familiar with lending in El Paso County is critical in this time of unsure
mortgage lending practices.
Finding a realtor who knows the local market and is a skilled negotiator is also
essential. A knowledgeable realtor will be able to find answers to questions that
could influence the purchase price.
When negotiating, prospective buyers should avoid “low-balling” their first offer;
but they should have a good idea of how much room they have to negotiate.
They should never reveal how much they are willing to pay and should be
prepared for counter-offers by the sellers.
Ask your Citadel Realty Broker if the property you are looking at has had any
price reductions and how many days it has been on the market. It’s also fair for
your Citadel Realty Realtor to ask the listing broker if the property has had any
Make your offer as “clean” as possible and keep in mind that having too many
conditions will make your offer less attractive to the sellers. Finally, prospective
buyers should never sign a contract for purchase and sale until they have
reviewed the document very carefully.
Contact your Citadel Realty Realtor to learn more about how to best negotiate
the home buying process.