Contemplating purchasing your new home in Colorado Springs? Brian L. A. Wess can help.
Purchasing a home is stressful for many people, but with some planning ahead of time, it's not all that complex.
So they'll understand exactly what to expect, I'll provide buyers with an outline of the whole deal.
Here are my nine steps to buying a home.
When you're ready to get started, just contact me here or e-mail me at . I'm glad to address questions you have regarding this information.
Step 1 – Prepare to buy
Before you start searching for a home, there are many things you should consider.
When you begin your search, you'll probably want to make a checklist of features you want, get a feeling for what neighborhoods you'd like to live in, and begin planning around your budget.
Ensuring your mortgage payment is less than or around 1/3 of your monthly income is a good guideline to adhere to.
Step 2 – Communicate with a real estate agent
This is where I come in.
We can plan a time to get together so we can talk about why you want to buy a home and get an idea of your future plans.
We'll talk about everything from neighborhoods, school districts in the Colorado Springs area, the mortgage and housing industries, to any other economic factors that could affect your purchase today or in the future.
In addition, I'll assist you in getting started on your loan.
I work with some of the best mortgage professionals in Colorado Springs, so you can rest assured that you're in great hands.
They can help you figure out which type of loan is best for you, as well as help you get approved.
Step 3 – Begin house-hunting
Following our initial meeting, I'll start searching for available homes on the market that best suit you.
I'll research most of the homes and exclude the bad ones, and then we'll book appointments to view the houses at a time that's convenient for you.
When we tour the houses, I'll point out positive features, as well as bad ones. And I'll ask you about things you like and dislike.
It's pretty common for buyers to change their wish list as we tour homes and some things become far more essential than others.
If that happens, I'll go back through the listings again and narrow it down to the home you've been waiting for.
Step 4 – Know the market
Your agent's awareness of the Colorado Springs housing market is an imperative component in your home search. And I assure you I'm conscious of all the school districts and neighborhoods, and I can let you know some areas are "hot" and warrant immediate action and some that are "cool" and allow for thoughtful consideration.
As we view homes, I'll make sure to communicate when the seller's list price has room for bargaining and also when I believe the home is "priced to sell."
Any real estate agent will claim to truly understand the market, but trust your instincts, and be sure to ask lots of questions.
If it doesn't seem like they know everything, just call me at 7195286672 or e-mail me at , and I'll be glad to answer your questions. My market expertise will help you stay a step above the rest through the entire deal.
Step 5 – Find the house of your dreams
I'm sure we'll find your dream home in Colorado Springs. When we do, I'll carefully create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include a lot of contingencies, such as acquiring financing, carrying out the home inspection, and a clean title.
Upon turning in your offer, you'll want to present "earnest money." This is a cash deposit made to a seller to secure an offer to buy the property. The amount is typically put towards the closing costs. If the offer is accepted, we should close on the property within 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts don't close on the initial offer. It's widely common to receive a counter offer. But don't let this alarm you. We'll talk over whether or not to accept the counter offer, propose our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing budget. And at the end of the day, we'll formulate a contract that is best for you.
Step 7 – Secure a loan
After the contract is signed, you'll begin working with your lender to close the loan.
If you've been pre-qualified, this won't take very long at all, but you need to keep in close contact with your mortgage lender.
And I'll care for all the property information your mortgage lender needs to close the loan.
Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) detailing your closing costs within three days of accepting your application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of receiving your application.
This estimate rests on the loan amount, and RESPA requirements require that it has to contain all closing costs and be within a strict range of accuracy. I'll analyze the estimate and let you know if everything looks good.
Then we'll close on your home. This will most likely occur at a title company or escrow office and is often a smooth and stress-free event.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you need anything or have any questions, simply call me at 7195286672 or e-mail me at .