Frequently Asked Questions

 

Where is the RE/MAX Properties office located?

- RE/MAX Properties has four office located conveniently across Colorado Springs

Monument Office: 1761 Lake Woodmoor Dr., Monument, CO, 80132

North Office: 1283 Kelly Johnson Blvd. Suite 100, Colorado Springs, CO, 80920

Downtown Office: 102 South Tejon St. #100, Colorado Springs, CO, 80903

South Office: 2630 Tenderfoot Hill St., Colorado Springs, CO, 80906

 

 

Is Colorado Springs a good place to live?

Colorado Springs is a great location for first-time home buyers, as well as those who are looking to upgrade or purchase a vacation home or investment property. Whatever your reason, there is the right home for you. Each neighborhood in Colorado Springs possess its own, unique amenities and distinct personality, and there really is something for everyone. From spacious Victorian mansions in sprawling quaint neighborhoods to family homes in suburban areas to apartments or lofts in the trendy, downtown area, Colorado Springs has it all. 

 

 

What is the average cost of a home in Colorado Springs?

- The median home price for April 2021 was $425,000 which is 18.06% higher than April 2020 

The average home price for April 2021 was $481,857 which is 22.58% higher than April 2020

>> View our monthly market updates HERE for the most recent information

 

What is it like living in Colorado Springs?

- If you are moving here from out of town, you can get a lot more local information here on BuySellColoradoSpringsHomes.com than on national websites like zillow.com or realtor.com. Each of our neighborhood pages talk in detail about the neighborhood, the types of homes you can expect, price ranges, amenities and even info about the weather and school districts. Each neighborhood page also showcases the homes for sale in Colorado Springs so you can start shopping when you find an area that appeals to you. BuySellColoradoSpringsHomes.com even has videos and photos of the area so you can get a feel of the look and feel of the community.

To make your relocation easier, check out our Relocation Guide. this guide can help you learn about Colorado Springs, where to look for a job, where you might want to live as well as provide you with resources for your move. "Things to Do in Colorado Springs" is an amazing resource and a great way to see what living in Colorado Springs is like as well as give you an idea of what to do when you get here.

All of our real estate agents have lived in the Colorado Springs area for a long time and really know the ins and outs of the area. We are considered experts when it comes to Colorado Springs. We even have a military discount to help our military families who are moving to or from the area save a little money for a rainy day.

 

 

How much home can I afford and what is my Purchasing Power?

If you are thinking of buying a house in Colorado Springs, you can begin your search by checking out our Buyers Page. This page is designed to help make the buying process a lot easier and will show you how to find your perfect home. It will give you an overview of the step-by-step process of buying, and answer questions such as; “What monthly payment can I afford?” “What credit score do I need?” and, “How long does the home buying process take?” If you are ready to look into loans and lending options, please feel free to give two gentlemen Terry works with with questions.

 

How long does a house take to sell a property in Colorado Springs?

- The current average days on market for a single family home in Colorado Springs in 20 days compared 43 days this time last year. This includes small cottage homes AND the multimillion dollar estates. For the first quarter of this year, Terry Naber has an "average days on market" for all her listings of 7 days and even finding and closing on a home in just 10 days.

 

What makes Terry Naber different than other agents?

- With knowledge and experience helping families buy and sell in Colorado Springs for the past 30+ years, Terry can bring confidence and resources to the table. Terry has a way to cut through the drama and red tape to get you answers. Even after 30 years, new hurdles come up everyday and Terry has a way to solve issues that most haven't come across. Selling with Terry is an even more rewarding process because Terry has been averaging 101.62% sales price compared to the original list price. Along with netting the seller more money, homes in "today's market" receive multiple offers in just days. Let Terry be your real estate advisor and you will not be disappointed. Read what others had to say here: Zillow Reviews    Google Reviews

 

How do I learn what my home is worth?

Your home's value is determined using multiple factors. Although Terry does not provide a true appraisal, she does provide a comprehensive breakdown of your home and neighborhood activity. Similar to appraisal methods, Terry finds past sold homes that compare closely to your home starting with large things like house style and square footage. Among the research Terry does, we recommend she come visit your home to help you assess any improvements or modifications you've made. >> Claim Your Complimentary Home Value Report <<

 

How much does a custom home cost in Colorado Springs?

- Presently, you can expect to pay from $450,000 and up for a builder track home. When you factor in current land and building costs in Colorado Springs in 2020, it is difficult to build a custom home in Colorado Springs with a budget of less than $1,000,000. Remember, the cost of a custom home build will vary from market to market depending on your local land costs, labor rates, and material costs. 

Land Purchase: 10% - 25% of land purchase price

Construction Loan: 10% - 25% of appraised value of home

Preconstruction Design Costs: Architect plans, soil testing, engineering, builder deposit, designer fees

- Assume $8 per Sq. Ft. Example: 4,500 Sq. Ft. home = $36,000   Typically, these pre-paid costs will be applied toward the cash required for the construction loan.

Construction Loan Payments: Interest payments during construction

- Assume 6% interest only payments for 7-9 months during construction. Remember that initially the loan balance and payments will be small but they will grow as the project progresses.

Post-Construction Expenses: Landscaping, furniture, blinds, decorations

- These are discretionary and can be included in your loan if you plan ahead for them. If not, plan to pay cash for these items.

 

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