All Forum Posts by: Eric Frith

Thanks for so many helpful answers. Presently just using the house for myself and my kids. May try to turn the detached garage into a short- or long-term rental in the future, but for now it's not going to generate income. I am hopeful it'll be a good place to live, though, and that the neighborhood will continue to "up and come" as downtown develops eastward. I will get in touch with those of you who offered. Thank you again!

Hi everyone. First time on the forum. I'm in Colorado Springs, CO. I've been renting since my divorce. Decided in March 2020 it was time to buy...rough year. After getting outbid by cash offers 6 or 8 times, I finally had an offer accepted on an 1889, stone-built home, at $50k above asking. It's just a _little_ outside the bounds of the neighborhood I was targeting; the street is not _quite_ as nice or shady as the place I rent. A good 35-50% of the homes on the street are rentals. And stimulus and sentiment seem to be plateauing. In short, I've got cold feet. Any advice to help me make a decision in a market like this? Appraisal came back right at contract price. Any help appreciated!