With low inventory in many markets throughout the country and here in the Colorado Springs area, many homeowners are afraid to sell their homes because they’re concerned that they may not be able to find a new one.

This can be a real problem, but if you are seeking to sell—whether to upgrade or find a new neighborhood—there are a few ways to combat the low inventory.

  1. Look to buy first

In most markets it is a real mistake to put your home up for sale before you start looking for your new property. Identify the area in Colorado Springs where you are interested in buying. Even if you don’t see anything on Zillow, it doesn’t mean you can’t or won’t find the right home.

  1. Think outside the box

Be proactive! Keep in mind that there are probably many people like you who want to make a move but are afraid as well. Have your real estate agent send a letter to the neighborhoods in the area where you want to live. The letter should be heartfelt and personal while announcing that you are ready to buy a home in that neighborhood. It may encourage people to sell their houses, and you could find a home to buy that may not even be currently listed or for sale.

  1. Protect yourself legally

Each state varies in how the purchase process is conducted. Talk to your agent at Handcrafted about adding a clause in the purchase contract for the home you are selling that will enable you to not sell the home if you cannot find a suitable home to buy. 

As always, our Handcrafted Realty agents are here to help you make the best choice. If you are unsure about what the right move is for you or are nervous about the market, let’s chat!