Whether you are a first-time home buyer or an experienced home owner, buying a home is one of the most important steps in your life. As one of the biggest investments of your life, you need to make sure that it is the right one.
Purchasing a home can be very emotional, overwhelming, and stressful process. Not only do you want a wonderful and comfortable HOME that meets all your needs, but you also want a good investment that will result in financial security down the road.
Here are a few tips that could make the whole experience easier for you and your family:
1. Great Real Estate Agent = Great Team Working for YOU
As a knowledgeable and experienced Real Estate Broker I will lead you through the process as smooth and stress-free as possible. I’m committed to bringing to YOU an outstanding team of professionals such as lenders, home inspectors, structural engineers, title insurance companies, movers, tax advisers, etc.
Communication : If you do not tell me – I do not know.
Express all your concerns, questions, and ideas. It will save us a lot of time and energy, and I will be presenting you with properties that best suit your needs and wants.
2.Know Your Financial Situation and Understand Your Buying Power
Serious buyers need to have a firm grasp of their financial situation before looking at houses. Sellers consider only serious offers accompanied with a loan commitment and lender information.
Your lender will help you to determine the best type of loan for your unique situation.
Please contact me for a list of Colorado Licensed Lenders.
3. Establishing What Are Your Needs and Wants.
What Are You Looking For?
Finding a home that simultaneously meets your needs and fulfills your desires is the ultimate goal when purchasing a house.
Balancing out your “needs” and “wants” can be sometimes very hard.
Consider these basic factors:
Price and Location
Number of bedrooms, bathrooms, square footage, garage, lot size
Style of home such as 2 story vs. ranch, contemporary vs. traditional
Age of home
Your commute to work/school
School District/Private Schools
Neighborhood Features (recreational activities, transportation, shopping, parks)
How long you expect to live in this home
Do you have to sell your existing property before you buy
Let me help you to prioritize your list before we start looking at properties. Sign up for My Buying Buddy and start receiving new listings daily. We can then keep adjusting the search depending on your needs.
WE FOUND THE HOUSE!!! NOW WHAT?
1. Be Smart About Making an Offer
To make a reasonable offer, you need to know what the houses in the neighborhood are selling for. I will provide you with Comparative Market Analysis(CMA). The CMA will show you all the homes currently on the market in the given area, asking prices, sold properties and sold prices.
2. Move Quickly
Once you are ready and everything is right, don’t wait! Good properties sell fast.
3. Knowledge Means Power
Try to learn about the seller as much as you can. People love to tell their “story”.
If you get the chance talk to the seller ask them why they are selling. These facts might help you to make the right offer. Sometimes the terms of an offer, such as earlier date of closing or certain type of financing, are more valuable to the seller then a few thousand dollars. Sometimes the seller may not be in a hurry and will wait for the right price.
4. Hire a Home Inspector
Please see the List of Home Inspectors page.
5. Keep Your Credit Scores Good
Do NOT make any major credit purchases.
It is tempting to start purchasing new furniture or get a new car. Your final loan approval is a subject to your financial situation. Lender will verify your credit, your bank statements and employment right before closing.
6. Make Your Mortgage a Priority
Stay in close touch with your mortgage broker. It is important to have the necessary paperwork on time. There is a chain of other professionals such as appraisers, underwriters, title companies, that are working on your transaction and in order to put all the pieces together properly, you need to help your mortgage broker with all information they may need from you in a timely manner.
7. Communicate with Me
I will keep you up to date about all the steps of your transaction. I will remind you of deadlines, inspections, title work, homeowner association, etc. It is important that you stay connected and communicate with me.