Let Brian L. A. Wess assist you in buying your home in Colorado Springs
With a little up-front planning, buying a home isn't very complex, but the event intimidates a lot of people.
So they understand exactly what they can expect, I like to give buyers an outline of the entire deal.
Here are my nine steps to purchasing a home.
If you have any questions regarding any of this information or if you're prepared to get started, you can contact me here or e-mail me at .
Step 1 – Get ready to purchase
There are plenty of things you'll want to consider before you start searching for a home.
When you begin your search, you'll probably want to create an index of must-haves, get an idea of what school districts and neighborhoods you'd like to live in, and start planning around your budget.
Ensuring your mortgage payment is less than or close to a third of your monthly income is a good guideline to adhere to.
Step 2 – Connect with a real estate agent in Colorado Springs
That's where I come in.
We'll 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 neighborhoods, school districts in the Colorado Springs area, the mortgage industry, and any additional economic factors that may potentially affect your purchase today or in the future.
I can also assist you with getting started on your loan.
I work with some of the best mortgage professionals in Colorado Springs, so you're in great hands.
They'll assist you in determining which kind of loan is best for you and help you get approved.
Step 3 – Start looking for a house
After our first meeting, I'll start finding available homes on the market that are a great fit for you.
I'll preview most of the houses and ignore the duds, and then we'll book appointments to view the homes whenever it's most convenient for you.
As we tour homes, I'll call attention to positive features and bad ones. I'll even ask you what things you like and don't like.
It's pretty common for buyers to revise their list of must-haves as we tour homes and some features become more essential than others.
If that's the situation, I'll look through all the listings again and trim it down to the home you've been wishing for.
Step 4 – Comprehend the market
My knowledge of the Colorado Springs market is a necessary factor in your house search. I'm mindful of all the neighborhoods and schools, and I'll let you know what districts are "hot" and require prompt action and others that are "cold" and allow for more consideration.
As we tour houses, I'll be sure to tell you when the seller's asking price has room for bargaining and also when I know the home is "priced to sell."
Trust your instincts and be sure to ask your agent a lot of questions, as any REALTOR will tell you they know the market.
If it appears they don't know everything, call me at 7195286672 or e-mail me at , and I'd be more than happy to answer any questions you have. My knowledge of the market will keep you a step ahead throughout the entire process.
Step 5 – Find the house you've been looking for
We'll find your dream home in Colorado Springs, and when that happens, I'll precisely create your real estate purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies. A few examples are acquiring financing, carrying out the inspection, and a clear title.
When submitting your offer, you'll likely want to present "earnest money." This is a cash deposit given to a seller to secure the offer to purchase the property, and it's usually put towards the cost of closing. If your offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows plenty of time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the initial offer. It's extremely common to receive a counter offer. Don't let this intimidate you. We'll discuss whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
We'll also work within your budget. And when it's all said and done, we'll assemble a contract that's best for you.
Step 7 – Obtain financing
Upon finalizing the contract, you'll start working with your mortgage lender to close the loan.
If you're pre-approved, it won't take very long at all. 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
Your mortgage lender will furnish you with a Loan Estimate (LE) outlining closing costs within three days of getting your application. You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of getting your application.
The estimate rests on the loan amount. RESPA requirements dictate that it has to contain all closing costs and be within a precise range of accuracy, and I'll examine the estimate and let you know if it all looks okay.
Then it's time to close on your home. This will most likely occur at a title company or escrow office and will likely be a smooth and pleasant occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just contact me at 7195286672 or e-mail me at .