To make an offer on a home in any market, you do need to have a real estate professional that is knowledgeable about the area and the process working for you. After talking with you and getting a good understanding of what you are looking for, they will help you locate a home that you like that is within your budget (price range), in the location you are looking for and with the features you are looking for, in your situation, in an older home. Then, they will do a 'market analysis' where they look thoroughly at similar homes in the area and see what they have sold for in recent months. There are many other factors that they take into consideration such as condition of the property you are looking at, such as the time on the market, price reductions or the lack of, the condition and amenities of sold properties, etc., to determine if the home you are interested is already priced at market value or, above or below market value. Once determining the current market value you and your Realtor will discuss what a good offer would be and what you as the buyer are comfortable paying for the home. As a first time home buyer, it is also important for the Realtor to educate you on the buying process before you start so that you can make an educated decision once you are ready to make an offer. The Realtor will write up the offer and go over it with you to make sure you understand what you are signing and agreeing to and then give the offer to the listing agent. If you would like more information, I do have a Buyer Packet that I go over with my clients to educate them on the buying process and would be glad to send you a copy that you can look over in advance of your 'house hunting' trip to Colorado Springs if that would be of help to you. You can visit my website for all of my contact information or email me and I will be glad to give you more information.
Thanks for you interest in Colorado Springs. I'm sure you will love it here!:o) Melanie Prensner, Realtor with Remax Advantage- Colorado Springs, CO 80918