Listen to the panic around you? While many people are furiously scrambling to figure out how to make ends meet and how to solve very complex problems, sometimes making a home purchase is the very last thing on their minds. Yet, this might be one of the essential factors required to reconstruct their lives, even if everything around them feels out-of-whack.
Instead of giving into panic and fear, let me encourage you to take some small, but courageous, steps toward financial/personal recovery. When trying to tackle oversized problems, like home ownership, the challenges aren't necessarily to find the one and only perfect solution or to get things back to the ways of yesterday. In fact, this probably will not happen for many who have this financial and/or real estate expectation. And unmet expectations simply lead to bitterness. To reconstruct during these times first means to counteract fear and intimidation with an open mindset toward wisdom.
And relative to the Colorado Springs Real Estate market, there are some foundational realities to help you to appropriately acquire sustainability in this new economy.
For example, when listing your home, in all likelihood, your standard of expectation about your home's value is probably higher than what's realistic in this particular market. And if your single family home is under $400,000, 35% of listings in this price range sell within 0-30 days. So if your home is priced competitively and you've taken the extra measures to list your house properly, then a 1 out of 3 possibility exists to sell your home expeditiously. This framework of time will allow you to maneuver throughout the market with some flexibility. If you feel as if you've lost some money by listing your home in this market, just remember that you'll probably recoup some of your perceived losses by making it up on the buying side of the next transaction. Having additional knowledge and using these principles practically opens the doors to reconstruct financially in the Colorado Springs Real Estate market.