Real Estate News

Trends in real estate markets can vary across the country, but even so these tips can help you no matter where you decide to set your roots!
1. Pick a number..but not any number! Everyone seems to have a magic number in their heads in terms of their budget and what they are comfortable with laying out for their dream property. Talk with a lender first and find out what you qualify for, or make sure you really can tap into that IRA account without paying heavy penalties attached to early withdrawals. Keep in mind the volatility of the stock market too if you are planning on pulling out cash for a purchase.
2. Take that “magic” number and stick to it..but…be realistic. Unless your pockets drag on the ground, you will likely find you have to make a compromise. Perhaps location, or amenities, or features you thought you could not live without, (like live water!) and prioritize your top three criteria and let the rest fall where your finances allow. After all, who wouldn’t rather be in a “cadillac’, when really a “camry” works just as well.
3. Spend some time in preparation of viewing property by letting your fingers do the walking..on the keyboard that is! Once you have your realistic budget and criteria in mind, lots of research and more importantly process of elimination can be done online.  If you want to make a career out of “looking for land” than Hey, it’s your time and you can use it how you seem fit!  Just be open with those you are working with
4. Contact Real Estate Brokers based in your targeted communities. Since there are no set requirements in order to label oneself as a “Specialist”, find out how often they handle the type of property you are seeking..that is a great way to ensure a smooth transaction! Being a member of the National Association of Realtors means the Broker has pledged to follow a Code of Ethics that is above and beyond licensing law. But even the REALTOR who specializes in vacant land in such and such a county does not amount to a hill of beans….if you just don’t connect with their style. So, choose wisely as this is likely going to be a long term relationship.
5. Important as well… even in a Buyer driven market don’t shop outside your comfort zone in terms of price. If you think you are going to low ball the owner, well then you risk a flat refusal rather than a counter to your offer. Do your homework and stay in your budget to avoid disappointment and likely wasting your time as well as everyone else that is involved in the process. Better to follow tips 1, 2, 3 and 4 prior to shopping and then when you find your AHA property you can get the deal you deserve!

Browse my Southern Colorado land for sale on LandSaleListings.com.

Happy Trails~

Gina Gamma
Owner Managing Broker
Colorado Mountain Land Realty Inc
1-719-564-8329
www.ColoradoMountainLandRealty.com