Barb Schlinker The Real Estate Voice

The latest news is that the real estate market in the Colorado Springs area is really hot.  That’s great if you are a home seller but if you are buying a home in the lower price ranges it can be really competitive. How can a first time home buyer compete to get a home in this hot market? 1.Buyers Need to be Prepared 2. Here is what I am seeing in the market today: a.Buyers are having to bid way over the asking price for home under $450K - $10-40K b.Buyers have to be financially ready to make the best offer c.Buyers should NOT wait until the last minute to make their offer d.Buyers getting their offers accepted are offering e.Buyers have to assume they could be  competing with a cash buyer 3 . First Time Home Buyer - Foote StoryMy team and work with buyers all the time.  If you want to know how to get ready to buy your first home, our team can help. I know there are various low down loan programs out there, in this market does the amount of down payment matter?●Yes there are about 4 Zero Down programs that I c