Presently there are about 460 homes offered for sale in the Pagosa Springs area. In searching the available Pagosa Springs homes for sale you will find the better values in the higher price ranges. Currently many upper-end homes for sale in Pagosa Springs are offered significantly below current replacement cost. Though framing lumber prices have dropped from their highs of 2005 and 2006, the cost for new construction in the area today ranges from $200-$350 per square foot. Much depends on the overall size of the home for sale as well as the type of construction and quality of cabinetry and finishes, but your money will go much further by buying an existing home.
We find several circumstances created good values for smart buyers within the existing Pagosa Springs homes for sale. First, the home should be less than ten years old. Newer construction and energy conservation technologies that have evolved during the last ten years offer owners lower maintenance and utility costs. Heating systems as well as insulation and window construction methods have improved measurably. Also, look for a seller of the home for sale that did not over-finance their home. If they loaded up with debt during the last two years it may be possible their mortgage balance exceeds the value of the home. Look for an owner that is really motivated-this may be due to a job change, a major health issue, a death in the family or some type of financial trouble. During the last year many retirees have seen their investment portfolios shrink as Wall Street’s performance has wreaked havoc in the financial markets.

Some Sellers that own their property free and clear may be extremely anxious to move and may be willing to take a significant discount for a fast home sale. We know of two homes that sold last year for discounts of over 35%. We know there will be other Pagosa Springs homes for sale that sell for a similar discounted price. By working with a knowledgeable and experienced broker you can find the best values for available homes for sale within the Pagosa Springs market. Some of the best buys we have been able to make for our clients have been on properties that were not officially on the market.

The first place to start looking for homes for sale in Pagosa Springs, Coloardo is to go onto the Web and search Pagosa Springs real estate. You will find a variety of agent and brokerage web sites, including ours, which shows a number of homes for sale in Pagosa Springs. These sites contain good useful information about residential real estate and will give you some initial overviews of homes for sale in the Pagosa Springs market.

Talk to an experienced Realtor that ranks highly among all the choices within the market. If you are looking for homes for sale in Pagosa Springs, Colorado, be sure they are able to represent you as a Buyer’s Agent, check to see that they have earned the ABR certificate. An ABR certificate indicates they have the necessary proven knowledge and experience to work as your agent. Your Buyer’s Agent will then serve as an expert guide and advisor through every step of the process.

My website can be very helpful when looking for available homes for sale in Pagosa Springs, Colorado. You can also do a search of available homes for sale on the basis of price, as well as home size, number of bedrooms and baths, and by lot size. Within the Pagosa Springs area you may choose a home on a ¼ acre resort lot, with all central utilities-water, sewer, natural gas, electric and telephone. You may also choose a home on a larger lot of say 1-5 acres. Generally, Pagosa Springs homes for sale on larger acreage lots will have central water, but will likely have individual septic systems rather than central sewer service. Your agent can explain to you the trade-offs involved within different choices that are available.  The government also has a website, that has some very useful information about homes for sale.

Most of the resort lot homes for sale are within the Pagosa Lakes area west of town. Within Pagosa Lakes there are trout-stocked lakes, a Recreation Center, 27-hole Golf Course, Shopping Center, Churches, professional offices and Pagosa Mountain Hospital. As you start your search for houses for sale in Pagosa Springs it will be important to have a budget in mind and it would be to your advantage to go through the process of getting pre-qualified with a local lender. There are many good lenders active within the Pagosa Springs area, and we highly recommend George Johnson of Wells Fargo Bank. He has a variety of different mortgage products and the strength of Wells Fargo, the only Triple A rated bank in America.

When looking for homes for sale, it is a good idea to get pre-qualified so you will know how much home you can afford, what the monthly payments will be and about how much cash you will need for a down payment. This will also make strengthen any offer your agent presents.