Buying or Selling a Home in Colorado Springs: Straight Answers
Whether you're buying your first home, moving up, or selling one you've owned for years, the questions tend to be the same: what can I afford, what will it cost, how long will it take, and what am I missing? These answers are written for Colorado Springs and El Paso County, where property taxes can differ sharply between similar homes, hail shapes insurance and roofs, and many newer neighborhoods sit inside metro districts.

Answers by Weldon Hobbs · Team Hobbs Realty
Member of The Platinum Group, REALTORS® · USAFA graduate and retired Air Force veteran · MBA and PMP®
More about Weldon →Start here
Most people begin with one of these.
All buying and selling questions
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Moving to Colorado Springs37 questions
- What should I know before moving to Colorado Springs?
- What are the pros and cons of living in Colorado Springs?
- How much does it really cost to live in Colorado Springs?
- Is Colorado Springs a good place to buy a home?
- How far in advance should I start looking for a home before moving to Colorado Springs?
- What time of year has the most homes for sale in Colorado Springs?
- Can I successfully buy a Colorado Springs home from out of state?
- What should I prioritize when choosing where to live in Colorado Springs?
- How long are typical commutes in Colorado Springs, and which areas work best for different job locations?
- Colorado Springs vs. Denver: what should a homebuyer consider?
- What is it like to live in Briargate in Colorado Springs?
- What is it like to live in Northgate in Colorado Springs?
- What is it like to live in Flying Horse in Colorado Springs?
- What is it like to live in Wolf Ranch in Colorado Springs?
- What is it like to live in Cordera in Colorado Springs?
- What is it like to live on the west side of Colorado Springs?
- What is it like to live in the Old North End in Colorado Springs?
- What is it like to live in Black Forest, Colorado?
- What is it like to live in Monument, Colorado?
- What is it like to live in Woodmoor in Monument, Colorado?
- What is it like to live east of Powers Boulevard in Colorado Springs?
- What is it like to live in Banning Lewis Ranch in Colorado Springs?
- What is it like to live in Rockrimmon in Colorado Springs?
- How do I compare established Colorado Springs neighborhoods with newer master-planned communities?
- What should I know about wildfire risk when buying a Colorado Springs home?
- How do I set up utilities when I move to Colorado Springs?
- Which Colorado Springs neighborhoods are in each school district?
- What should retirees know before moving to Colorado Springs?
- Should I sell my Colorado Springs home or rent it out when I move?
- What is it like to live in Jackson Creek in Monument, Colorado?
- What is it like to live in Kissing Camels in Colorado Springs?
- What is it like to live in Mountain Shadows in Colorado Springs?
- What is it like to live in Peregrine in Colorado Springs?
- What is it like to live in the Broadmoor area of Colorado Springs?
- What is it like to live in Pine Creek in Colorado Springs?
- What is it like to live in Gleneagle, Colorado?
- What is it like to live in downtown Colorado Springs?
Buying: budget, costs, and timing29 questions
- How much house can I realistically afford in Colorado Springs?
- How much cash do I need to buy a home in Colorado Springs?
- What are typical buyer closing costs in Colorado Springs?
- Should I buy now or wait in Colorado Springs?
- Is it better to rent or buy in Colorado Springs right now?
- How much below asking price can I offer on a Colorado Springs home?
- How do seller concessions work in Colorado Springs?
- What contingencies should I consider when buying a home in Colorado Springs?
- How much earnest money is typical in Colorado Springs?
- What happens after my offer is accepted on a Colorado Springs home?
- How long does it take to close on a home in Colorado Springs?
- Should I get a home inspection even on a newer Colorado Springs home?
- What should I look for during a Colorado Springs home inspection?
- What should I know about buying an older home in Colorado Springs?
- How do I compare two Colorado Springs homes when one is cheaper but needs more work?
- Is Colorado Springs currently a buyer's market or a seller's market?
- How should I compare FHA, conventional, and VA financing for a Colorado Springs home?
- Can I buy a new home before I sell my current Colorado Springs home?
- What are the steps to buying your first home in Colorado Springs?
- What down payment assistance programs can first-time buyers use in Colorado Springs?
- How does mortgage pre-approval work, and how much does it matter when making an offer in Colorado Springs?
- How does a home appraisal work in Colorado Springs?
- Can I buy a foreclosure or short sale in Colorado Springs, and how does the process work?
- What should I know about buying a luxury home in Colorado Springs?
- How do I find a single-level or accessible home in Colorado Springs?
- How do jumbo loans work when buying a high-end home in Colorado Springs?
- What can I do on an acreage property in El Paso County: horses, outbuildings, a guesthouse, or a pond?
- Can one spouse keep the house after a divorce in Colorado, and how does a buyout work?
- Can I buy a home in Colorado Springs before my divorce is final?
Buying: taxes, HOAs, insurance, and the house itself16 questions
- How serious is hail damage when buying or selling a Colorado Springs home?
- How old is too old for a roof in Colorado Springs?
- What should I know about radon when buying a home in Colorado Springs?
- What are expansive soils, and should Colorado Springs buyers worry about them?
- Which foundation cracks are serious in a Colorado Springs home?
- Should I get a sewer scope when buying a Colorado Springs home?
- What should I know about water, drainage, and grading around a Colorado Springs home?
- Why can homeowners insurance vary so much between Colorado Springs houses?
- How do property taxes work in Colorado Springs and El Paso County?
- What is a metro district, and how can it affect my monthly housing cost?
- How can two similarly priced Colorado Springs homes have very different property taxes?
- What should I review before buying a home in an HOA in Colorado Springs?
- What should I look for in HOA financials before buying a condo or townhome in Colorado Springs?
- What should I know about buying a home with a well or septic system in El Paso County?
- What does it really cost each year to own a large custom home or acreage property in El Paso County?
- What can I do if my Colorado Springs homeowners insurance is non-renewed or too expensive?
Selling a home30 questions
- How should I prepare my Colorado Springs home to sell?
- What should I repair before selling my Colorado Springs home?
- What should I not fix before selling my Colorado Springs home?
- Should I replace my roof before selling my Colorado Springs home?
- Which home improvements actually help resale value in Colorado Springs?
- How much does staging matter when selling a Colorado Springs home?
- Should I get a pre-listing inspection before selling my Colorado Springs home?
- How do I price my Colorado Springs home without leaving money on the table?
- Why isn't my Colorado Springs house selling?
- When should I reduce the price of my Colorado Springs home?
- What does it cost to sell a home in Colorado Springs?
- Should I sell my Colorado Springs home as-is or make repairs first?
- Should I accept an offer with a lower price but better terms on my Colorado Springs home?
- How do I sell my Colorado Springs home and buy another at the same time?
- What happens if my Colorado Springs home doesn't appraise for the contract price?
- What disclosures do Colorado Springs home sellers need to think about?
- What should I do if I get multiple offers on my Colorado Springs home?
- How do I sell a rental property in Colorado Springs, with or without tenants?
- How do I sell a home in Colorado Springs after a death in the family?
- How do I prepare a longtime Colorado Springs family home for sale without becoming overwhelmed?
- Should I sell my Colorado Springs home to a cash buyer or iBuyer, or list it on the market?
- How can I sell my Colorado Springs house fast without leaving too much money on the table?
- How do I find out what my Colorado Springs home is actually worth?
- Should I sell my Colorado Springs home myself, use a flat-fee or discount brokerage, or hire a full-service agent?
- Will I owe capital gains tax when I sell my longtime Colorado Springs home?
- Can I stay in my Colorado Springs home for a while after selling it?
- What happens to the house in a Colorado Springs divorce?
- How do you sell a luxury home in Colorado Springs?
- How do you price a luxury or custom home in Colorado Springs when there are few comparable sales?
- Can I sell my Colorado Springs home privately or off-market, and how do I protect my privacy when I sell?
Choosing your agent, lender, and team8 questions
- How do I find the best real estate agent in Colorado Springs?
- Who do I need on my team when buying a home in Colorado Springs?
- Do I need a real estate attorney to buy or sell a home in Colorado Springs?
- What does a title company do when you buy or sell a home in Colorado Springs?
- How do buyer agent fees work now when buying or selling in Colorado Springs?
- How do I choose the best listing agent to sell my Colorado Springs home?
- Does it matter which brokerage or team my Colorado Springs real estate agent works with?
- How do I choose a luxury listing agent in Colorado Springs, and how can I verify their experience?
More buying and selling questions17 questions
- Should I buy a new-construction home or a resale home in Colorado Springs?
- Do I need my own real estate agent when buying a new-construction home in Colorado Springs?
- What builder incentives should I compare beyond the advertised interest rate in Colorado Springs?
- How long should I expect my Colorado Springs home to take to sell?
- What is the difference between a VA appraisal and a home inspection in Colorado Springs?
- What happens if a VA appraisal comes in low in Colorado Springs?
- What are VA minimum property requirements when buying a home in Colorado Springs?
- How do VA seller concessions and closing costs work in Colorado Springs?
- Should I look for a VA loan assumption in Colorado Springs when mortgage rates are higher?
- Is a Colorado Springs home a good long-term rental?
- What should I calculate before turning my Colorado Springs home into a rental?
- Can I operate a short-term rental in Colorado Springs?
- What should I know before buying a Colorado Springs property for Airbnb or VRBO?
- What should I know before buying in a 55+ community in Colorado Springs?
- What happens if my Colorado Springs home is damaged and I have to move out?
- When should I sell a Colorado Springs rental property, and what are my options if I'm done being a landlord?
- How does a 1031 exchange work when you sell a Colorado Springs rental?
How we approach buying and selling
If you're buying, the order matters. I start with what you want your life to look like and whether the purchase fits your long-term finances, then you talk with a lender about the monthly payment you're comfortable with, and only then do we look at homes. I don't tell anybody what to do. My job is to give you the questions to consider, what I've seen from experience, and the risks I see, so the decision is yours.
If you're selling, it comes down to price, preparation, and presentation. Price is backed by data on what comparable homes sold for and how long they took. Preparation is what buyers will notice. Presentation is how the home is marketed. Before you list, I'll show you what you're likely to walk away with, both with and without seller concessions, so you can plan your next move around a realistic range.
Moving to Colorado Springs
If you're relocating, start with the full guide to relocating to Colorado Springs: what it costs to live here, how commutes work, when to start looking, and how to buy from out of state.
Talk it through
If you're planning to buy or sell in Colorado Springs and want to see how these answers apply to your situation, I can help you look at the numbers, the timing, and the homes you'd be competing with. To see how we work with you, visit buying with Team Hobbs or selling with Team Hobbs
