Colorado Springs Realtor - Cherise's Blog: Buyer Mindset Quandary

Buyer Mindset Quandary

Dim or indistinct views about the values of the Colorado Springs Real Estate market are the cause of frustration between Colorado Springs Realtors, and buyers and sellers alike.

So long as ready consumers derive their sources of information outside the facts about the market, I think everyone can invariably view themselves as victims, not necessarily perpetrators.

The perpetrators are found through conduits like reality TV and from national news networks, in which select findings about the U.S. real estate data give mistaken impressions about local markets throughout the country.

As a result, the buyer mentality of getting the best deal possible falls out of line with the reality of local markets. For instance, just because a particular property might be considered either foreclosed or bank-owned does not necessarily mean that a buyer can purchase it at shortened time span or at unbelievably low pricing. On the contrary, the purchase process remains arduous and lengthy, and I’m seeing many of these distressed properties being offered by the banks at 1% lower than appraised value.

To renew the buyer mindset, I think the key is to get a hold of your local Colorado Springs Realtor for specific and accurate information about the home values of our market idiosyncrasies.

Feel free to contact our Colorado Springs Realtors at Selley Group Real Estate, LLC:

2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

Comment balloon 2 commentsCherise Selley • June 16 2010 05:27PM

Comments

Good post.  People are NOT the experts and need to look to folks such as yourselves to get a TRUE picture of the market.

Posted by Paula McDonald ~ GRI, Granbury, TX 936-203-0279 (Beam & Branch Realty) almost 10 years ago

I think we're all dealing with these "push-and-pull" buyer struggles.  Oh, by the way...good morning.

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) almost 10 years ago

Participate