Home Buying in Powers>Question Details

Mar, Home Buyer in Colorado Springs, CO

i try to buy this brand new house in fossil butte dr. in colorado springs 3000 sq ft total 5 bedrooms 3bath

Asked by Mar, Colorado Springs, CO Tue Mar 11, 2008

is everything upgrate the listen price is 387 k do you think this is a reasonable price how much do you think i should offer?

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Answers

5
You should consult a Realtor, they are worth it!
Web Reference: http://EveryListingNow.com
0 votes Thank Flag Link Sat Mar 5, 2011
Hi Mar, I would say it does not seem to be reasonable only because of the price paid here vs. the other houses in the area. It is best to have a Realtor that is your Buyers Agent help you with this decision as well as understanding the market and the area. If you would like help or support please let me know and I would be happy to do so.

Good luck!

Kelly

719-226-0126
Red Rock Realty
0 votes Thank Flag Link Wed Jan 5, 2011
Look Man, If you have to ask if its a good deal its probably not. You have to educate yourself on the surrounding market and an agent needs to help if at all possible. Im happy to get real with ya.


Matt
Skyline Properties, Inc.
719-896-6288
0 votes Thank Flag Link Mon Jan 3, 2011
You are looking at one of the most expensive homes in the neighborhood. While there have been several new builds sold around that range, there hasn't been a resale over $299k. This pocket of homes is surrounded by much less expensive homes, which will make resale VERY hard. You should always purchase toward the middle or bottom price range of a neighborhood. You have a lot of options in that price range to chose from. If I can be of further service, contact me through my website linked below.
Thanks,
Darrell
0 votes Thank Flag Link Wed Mar 12, 2008
Sounds like you are about to buy the most if not one of the most expensive houses in the Tabone subdivision. Is this correct? All the sold comps on the MLS are about $100k below the asking price you have stated so without knowing any specifics about the home or this transaction it is impossible to say what to offer nor am I implying what to offer.

Are you working directly with the builders salesperson? Or do have a buyers agent? I strongly encourage you to get the your own representation whether that be an agent or attorney to protect your interest not only financially but legally.

Quick example on new construction, upgrades and not having your own representation:
A client of mine bought their first home without an agent. It was new construction. They had the choice of a full basement or upgraded kitchen. The builders sales rep failed to tell them they could go back and upgrade the kitchen anytime but adding a basement would be extremely expensive if not impossible. Unfortunately, they chose the upgraded kitchen (the builders sales rep fully supported that choice/gee I wonder why???) and they where one of only a handful of homes in the area without a basement thus making resale difficult.

Have a great day,
Susan Walker
0 votes Thank Flag Link Wed Mar 12, 2008
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