If you’re thinking of buying a home as an investment property in the Colorado Springs area or elsewhere, what should you be looking for? In this episode, Cherise and Judy share specific considerations, including the one piece of homework investors absolutely must do before buying.

Cherise reviews 30-day single-family home sales stats for two zip codes in the Colorado Springs area: Monument and the Interquest Corridor, including average list price, average sold price, and the differential between the two.

And with sale prices jumping so dramatically month over month, making comps meaningless, how do you price a home? Judy offers a tip.

00:00 Judy Steenland and Cherise Selley Intro
1:00 Intro to Sales Stats Comparing Zip Codes
1:21 Pricing a Home Changes Daily
2:30 Zip Code 80132 30-Day Home Sales Stats
3:33 Zip Code 80921 30-Day Home Sales Stats
4:49 How New Construction Affects the Stats
5:37 Look for These Things in a Home if You’re an Investor
9:05 What is PCS Season & What it Means
10:07 The Way you Start an Investment may not be the Way it Ends
11:13 Beware of Buying in an HOA for Short Term Rental Use
12:13 What Will a Renter Look for When Considering Your Property?

Cherise Selley and Judy Steenland talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!

Although we’re based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.

The Real Estate Show is available on Spotify, iTunes, and here on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!

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