Answers
Colorado Springs Real Estate Questions, Answered
Straight answers to the questions people ask about buying, selling, owning, and moving to Colorado Springs, from Weldon Hobbs of Team Hobbs Realty. Military families can start with military moves to Colorado Springs.
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 →TopicBuying & SellingMoving here, buying, and selling in Colorado Springs.See the questions →TopicRelocating to Colorado SpringsMoving to Colorado Springs from another city or state.See the questions →TopicMilitary Relocation & PCSPCS timing, VA loans, and renting out your home.See the questions →TopicSeniors & DownsizingDownsizing, senior moves, and helping a parent.See the questions →TopicLuxury & Premium HomesSelling or buying a premium home, acreage, or custom home.See the questions →
Moving to Colorado Springs35 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?
- 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?
- 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 and financing29 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?
- 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?
- 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 do I compare two Colorado Springs homes when one is cheaper but needs more work?
- 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?
Selling a home31 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?
- How long should I expect my Colorado Springs home to take to sell?
- 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 or use a discount brokerage?
- 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?
Market timing and investing7 questions
- Should I buy now or wait in Colorado Springs?
- Is it better to rent or buy in Colorado Springs right now?
- Is a Colorado Springs home a good long-term rental?
- Is Colorado Springs currently a buyer's market or a seller's market?
- Should I sell my Colorado Springs home or rent it out when I move?
- 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?
Taxes, HOAs, insurance, and home condition18 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 wildfire risk when buying a Colorado Springs home?
- 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?
- 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?
- How do I appeal my property assessment in El Paso County?
- What should I know about buying a home with a well or septic system in El Paso County?
- How does Colorado's disabled veteran property tax exemption work in El Paso County?
- How does Colorado's senior property tax exemption work in El Paso County?
- What does it really cost each year to own a large custom home or acreage property in El Paso County?
Military, PCS, and VA17 questions
- Should I sell or rent my Colorado Springs home when I PCS?
- How early should I start buying a house before a PCS to Colorado Springs?
- Can I buy a Colorado Springs home remotely during a PCS?
- 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?
- Can I assume someone's VA loan in Colorado Springs?
- Should I look for a VA loan assumption in Colorado Springs when mortgage rates are higher?
- Can I keep my Colorado Springs home as a rental and use my VA benefit again?
- How does BAH affect what a military family can realistically afford in Colorado Springs?
- How do I choose a lender for a VA loan in Colorado Springs?
- Is there a VA loan limit in El Paso County?
- Should I live on base or off base when stationed in Colorado Springs?
- Should junior enlisted service members buy a home in Colorado Springs?
- Should Guardians buy a home in Colorado Springs if they may be assigned here again?
- What happens if my military orders change after I'm under contract on a Colorado Springs home?
Downsizing and senior moves32 questions
- Should I downsize my Colorado Springs home or stay where I am?
- Should I sell my parents' Colorado Springs home, rent it, or keep it after they move?
- Does downsizing or moving to independent living actually save money in Colorado Springs?
- How can I help aging parents decide whether to stay in their Colorado Springs home or move?
- What happens to my property taxes when I downsize in Colorado Springs?
- Should I sell my Colorado Springs home before moving into senior living?
- What do people regret most after downsizing, and how can you avoid it in Colorado Springs?
- What home modifications make aging in place realistic in Colorado Springs?
- What's the difference between 55+ communities, independent living, assisted living, and memory care in Colorado Springs?
- What should I know before buying in a 55+ community in Colorado Springs?
- Should I sell my Colorado Springs home, gift it to my children, or leave it to them?
- Can I sell my parent's house with a power of attorney in Colorado?
- What happens if a parent can't make decisions and there's no power of attorney in Colorado?
- How do I sell a parent's Colorado Springs home when I live out of state?
- Should we hold an estate sale before selling a parent's Colorado Springs home?
- How should siblings decide what to do with a parent's house in Colorado Springs?
- Do you have to go through probate to sell a parent's house in Colorado?
- What is a Colorado beneficiary deed, and should my parents consider one for their Colorado Springs home?
- How do you sell a house held in a living trust in Colorado Springs?
- What should I do with an inherited house in Colorado Springs?
- How can seniors avoid real estate scams and lowball cash offers in Colorado Springs?
- What does a senior move manager do, and do I need one in Colorado Springs?
- What should I do with our house after my spouse dies in Colorado Springs?
- Isn't staying in my paid-off Colorado Springs home basically free?
- Where can I donate, sell, or recycle belongings when downsizing in Colorado Springs?
- How long does probate take in Colorado, and when can the house be sold?
- What happens to a house when someone dies without a will in Colorado?
- Can a small estate affidavit transfer a house in Colorado?
- What help is available for seniors who are moving or downsizing in Colorado Springs?
- What are the steps to downsizing in Colorado Springs, from first decision to moving day?
- Who should I call first when an aging parent in Colorado Springs needs to move: a real estate agent, a senior move manager, or a senior living advisor?
- How does probate court work in El Paso County, and what should families expect?
Choosing professionals13 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 find a real estate agent who understands military moves and VA loans in Colorado Springs?
- How do I choose an agent to help a parent downsize or sell a longtime Colorado Springs home?
- What does the SRES® (Seniors Real Estate Specialist®) designation mean, and should my Colorado Springs agent have one?
- How do I choose a probate, estate planning, or elder law attorney in Colorado Springs?
- Who should be on my team when downsizing or selling a parent's home in Colorado Springs?
- How do I choose a luxury listing agent in Colorado Springs, and how can I verify their experience?