No matter how many repairs or remodels you make, or how clean and staged it is, there are just some factors that can impact the sales price of your home in Colorado Springs that are out of your control.
1. The condition of the current Colorado Springs real estate market
When there are few buyers and many homes for sale, the buyers are in the driver’s seat when it comes to real estate. When there are not many listings and a bunch of buyers, then sellers generally have more power in a real estate transaction. When buyers are in control, home values don’t rise very quickly. When sellers are in control, home values rise much more quickly. You can’t really impact what kind of market you’re in. Do you know if you’re in a buyer’s market or a seller’s market? That’s going to significantly impact what you can get for your home!
2. Neighborhood changes
You can’t control your neighbors or the surrounding area. Zoning changes, large developments, power plants, landfills, even sex offenders can all impact the value of your home in Colorado Springs. It may have been a lovely area when you purchased the home, but if the neighborhood is not very inviting or appealing to potential buyers, then that will negatively impact your home value. If your neighbors don’t take care of their homes, that’s also going to hurt you. You can’t control those things, but you are subject to them.
3. Your Colorado Springs real estate agent
Okay, this one you can control. Did you pick an agent for their experience and for your belief that they’ll do the best possible job representing your interests? For your sake, I hope you do! If your agent leads you to overprice your home or doesn’t know how to market it or negotiate with buyers, you’ve put yourself at a significant disadvantage. Why do that to yourself? Get an agent who has the experience and knowledge to get the job done. Otherwise, you might end up leaving money on the table when you sell your home. Choose wisely!