Buyers are seeking value when choosing their next home

By
Real Estate Broker/Owner with Selley Group Real Estate, LLC

colorado springs home values

As a Colorado Springs CO Realtor, I work with a variety of buyers in the Colorado Springs Real Estate market. It’s a given that certain price points and available financing help to determine what type of home a particular buyer will purchase, as well as what type of neighborhood he or she will select in making this very important acquisition.

Yet, I am noticing some trends that seem to pervade against the economic trends of the raw numbers about real estate.

People are not sticking to stringent budgets or settling for less when they are really on the hunt for their next residential purchase.  Instead, they are shopping for value.

And that’s what we’re seeing in the new construction of Colorado Springs Homes, as well as those properties that are being listed by existing Sellers.  An effort to upgrade home quality applies to both of these categories of Sellers (New and Existing), and buyers have taken a close look at which properties exude the dazzling brilliance of value, ranging from interior to exterior upgrades.

With that said, buyers have an opportunity to purchase their dream home with little to no fix-up costs.  And for Sellers, they are remaining steadfast on their listing prices due to the amount of money they have expended in beefing up the quality of their homes.

To purchase Colorado Spring Real Estate, 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

All agents affiliated with Selley Group Real Estate, LLC are actively licensed in accordance to the laws of Colorado.

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

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Rainmaker
5,013,628
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Gordon,

Value never goes out of style for some individuals, and with our economic experience, more people are realizing that value is more important than presitge.  The other trend is getting a bargain, and high end stores have responded by doing flash sales on many items.  We recently bought some beautiful Turkish bath towels at a flash sale at Neiman Marcus for 1/2 price...many are waiting for just those moments. A

May 01, 2012 09:37 AM #1
Rainmaker
558,118
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Alexandra,

Turkish bath towels, never would have thought of that! g

May 01, 2012 09:44 AM #2
Rainmaker
507,232
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

It is challenging to find good inventory at a good value. I agree that buyers seem to be looking for value and finding that value takes time.

Cal

May 01, 2012 12:17 PM #3
Rainmaker
1,182,988
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Unless a buyer is looking for a complete fixer, then they want certain features in a home and are not willing to settle for less.  If they have to pay a little more for that "value" then they seem to be doing that.

May 01, 2012 02:19 PM #4
Rainmaker
474,765
Sondra Meyer:
Star View Real Estate - Colorado Springs, CO
See It. Experience It. Live It.

Gordon, your assessment makes total sense.   Regardless of the buyers price range and goals, they (we) all want to feel like we obtained value for the money spent.   Of course we like to find bargains also, but the bargains are only a bargain if the percieved value is present.        

May 03, 2012 02:43 AM #5
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