Let Brian L. A. Wess assist you in purchasing a new home in Colorado Springs
Buying a home intimidates many people. However, with a little planning ahead of time, it isn't all that complex.
So they understand exactly what to expect, I like to give buyers an overview of the whole deal.
Below are my nine steps to buying a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm glad to answer any questions you have regarding this information.
Step 1 – Get ready to buy
Before you begin searching for a home, there are plenty of things you should take into account.
You'll probably want to make an outline of must-have features, get a feeling for what school districts you want to live in, and start planning your budget.
Ensuring your mortgage payment is less than or close to a third of your monthly income is a good rule to go by.
Step 2 – Talk to a real estate agent
This is where Brian L. A. Wess comes in.
I'd love to schedule a time to meet with you and communicate with you about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss neighborhoods, schools in the Colorado Springs area, the mortgage and housing industries, and any additional economic factors that could affect your purchase today or in the future.
In addition, I'll help you facilitate the loan process.
There are some very good mortgage professionals in Colorado Springs, and I partner with a lot of them, so you're in great hands.
They'll assist you in choosing which kind of loan is best for you and help you get approved.
Step 3 – Begin looking for a house
Following our initial meeting, I'll start searching for houses on the market that are a good fit for you.
I'll get a sneak peek of most of the homes and exclude the duds, and then we'll set up appointments to view the homes whenever it's convenient for you.
As we view homes, I'll point out positive features and negative ones. I'll even ask you what things you like and don't like.
For the most part, buyers revise their must-have list as we view houses and some items become far more substantial than others.
If that's the case, I'll search all the listings one more time and narrow it down to the house you've been dreaming about.
Step 4 – Understand the market
My awareness of the Colorado Springs housing market is a crucial component in your house search. I'm informed of all the neighborhoods and school districts, and I can let you know which areas are "hot" and demand immediate action and others that are "cool" and allow for cautiousness.
As we tour houses, I'll let you know if the list price has room for bargaining or if I believe the home is "priced to sell."
When working with an agent, be careful and be sure to ask plenty of questions. Every real estate agent in Colorado Springs will claim to truly know the home market.
If it seems like they don't know everything, contact me at (719) 528-6672 or e-mail me at , and I'll be glad to answer any questions you have. My market expertise will help you stay a step ahead through the entire process.
Step 5 – Find the home of your dreams
I'm certain we'll find the house of your dreams in Colorado Springs. When we do, I'll carefully create your purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are getting financing, completing the home inspection, and a clear title.
When sending in your offer, you'll likely need to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to purchase the property. The amount is most often applied to the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days after. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate the deal
Most deals don't close on the beginning offer, and it's widely common to receive a counter offer. Don't let it discourage you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
The state of the market will play a role in how aggressively we negotiate the deal.
We'll also work within your budget. And at the end of the day, we'll create a deal that is best for you.
Step 7 – Secure a loan
After we sign the final deal, you'll begin working with your lender to close the loan.
This shouldn't take much time at all if you've been pre-qualified, but you should to stay in close contact with your lender.
And I'll deal with all the property information your lender will need to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of closing costs from your mortgage lender within three days of getting your application.
The estimate is based on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a close range of accuracy, and I'll analyze the estimate and let you know if it all looks all right.
Then we'll close on your home. This will most likely happen at a title company or escrow office and will probably be a smooth and pleasant event.
Step 9 – Move in
Congratulations! It's time to move into your new house. Enjoy it. And if you need anything or have any questions, be sure to contact me at (719) 528-6672 or e-mail me at .