The steps to buying a home in Colorado Springs in early 2025 follows a clear, predictable process.
The market has shifted to a more balanced state compared to recent years—median home prices sit around $450,000–$480,000 (per recent Zillow, Redfin, and Pikes Peak MLS trends). Homes are spending more days on market – typically 50–70 days. This gives buyers more options, negotiating room, and time to choose wisely. This helps in popular neighborhoods like Briargate, Northgate and in Black Forest.
Here are the exact steps to buy a home in Colorado Springs right now:
- Get pre-approved for a mortgage – Start here; it takes 24–48 hours with most lenders. Pre-approval shows sellers you’re qualified and helps define your realistic budget, factoring in down payment, interest rates, and monthly payments.
- Team up with a local Realtor – An experienced agent familiar with Colorado Springs knows the nuances, from military relocation needs near bases like Peterson SFB to HOA details in planned communities and local geology issues like radon or expansive soils.
- Search properties and submit a strong offer – Tour homes (in-person or virtual), then craft an offer including your pre-approval letter, earnest money, and proof of funds. In the current balanced market, escalation clauses can help in competitive situations, but many deals succeed with reasonable contingencies.
- Handle inspections and appraisal – Once under contract (7–14 days window), we will schedule thorough inspections: structural, radon (highly recommended here), sewer scope, roof, and more. Your lender will order an appraisal to verify the home’s value.
- Complete underwriting and close – After clearing hurdles, final loan approval comes through, and closing happens at a title company (total 30–45 days from accepted offer). You’ll sign documents, pay closing costs, and get the keys.
With nearly a decade as a Realtor at The Bacon Partners with The Platinum Group, I’ve guided military families, first-timers, and move-up buyers through this process seamlessly. In 2025’s market, clean financing and smart terms often win without over-extending—focusing on long-term fit over rushed decisions. Want to start an application? Here is one of my favorite local lenders, Vic Malone: https://peaksevenmortgage.com
Ready to find your home with Pikes Peak views? Reach out today for pre-approval help or to start searching. Let’s make your Colorado Springs move straightforward and successful.
Need some info on closing costs? Check out the post: What are Closing Costs When Buying a Home in Colorado Springs in 2025?.
I’m Andrew Bacon, a Top Colorado Springs Real Estate Broker in Colorado Springs. I take care of my clients as family and aim to provide them with the necessary information and tools to navigate the complex markets in Colorado and around the US.
As a member of the Pikes Peak & Denver Metro Association of Realtors, I enjoy staying aware of current cultural trends and economic drivers.Check back regularly for new articles on all things real estate along Colorado’s Front Range.
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