Are you looking to purchase your new home in Colorado Springs? Brian L. A. Wess can help.
For many people, purchasing a home can be an intimidating event. But with some planning ahead of time, it's not all that confusing.
So they understand exactly what they can expect, I will supply buyers with an outline of the entire deal.
These are my nine steps to purchasing a home.
When you're ready to get started, just contact me here or e-mail me at . I'm happy to address any questions you have regarding this information.
Step 1 – Get ready to buy
Before you start looking for a home, there are a lot of things you need to do.
When you start your search, you'll probably want to create a check list of items you need to have, plan for what neighborhoods you want to live in, and begin planning your budget.
Ensuring your mortgage payment is around 30 percent of your net monthly income is a good rule of thumb to follow.
Step 2 – Get in touch with a real estate agent
This is where I can help.
We can schedule a time to get together so we can talk about why you want to buy a home and get an idea of your upcoming plans.
We'll discuss neighborhoods, school districts in the Colorado Springs area, the mortgage and housing industries, and any additional economic factors that could potentially affect your buying decision today or in the future.
I'll also help you facilitate the loan process.
There are some great mortgage professionals in Colorado Springs, and I partner with a lot of them, so you'll be in great hands.
They will help you figure out which type of loan is best for you, as well as help you get qualified.
Step 3 – Begin your search
After our initial meeting, I'll begin finding available homes on the market that are a great fit for you.
I'll preview many of the homes and ignore the duds, and then we'll book appointments to tour the houses whenever it's most convenient for you.
As we tour houses, I'll point out positive features and bad ones. I'll even ask you about things you like and dislike.
It's widely common for buyers to amend their list of must-haves as we view homes and some things become far more important than others.
If that happens, I'll go back through the listings another time and narrow it down to the house you've been waiting for.
Step 4 – Comprehend the housing market
Your agent's understanding of the Colorado Springs home market is an imperative aspect in your house search. And I can assure you I'm familiar with all the neighborhoods and schools, and I'll let you know what neighborhoods are "hot" and call for immediate action and some that are "cool" and allow for thoughtful examination.
As we view houses, I'll let you know when the list price has room for bargaining and when I know the house is "priced to sell."
Every REALTOR will tell you they know the housing market, but beware, and make sure you ask a lot of questions.
If it appears they don't know everything, contact me at 7195286672 or e-mail me at , and I'd be glad to answer your questions. My understanding of the market will keep you a step above the rest through the entire process.
Step 5 – Find the house you've been waiting for
We'll find the house of your dreams in the Colorado Springs area, and when we do, I'll meticulously create your purchase offer. The offer will be tailored exactly to your needs and the home, including a lot of contingencies. A few examples are getting financing, carrying out the home inspection, and a clear title.
Upon submitting your purchase offer, you'll likely want to present "earnest money." This is a cash deposit given to a home seller to secure an offer to purchase the property, and it's typically put towards the cost of closing. If the seller accepts the offer, we should close on the home about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
Most contracts aren't closed on the first offer – it's very common to receive a counter offer. But don't let it intimidate you. We'll talk about whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
Market conditions determine how aggressively we negotiate the contract.
In addition, we'll work within your financing budget. And when it's all said and done, we'll put together a contract that works well for you.
Step 7 – Secure a loan
Upon completing the deal, you'll begin working with your mortgage lender to close the loan.
If you've been pre-qualified, this won't take long at all, but you'll want to keep in close contact with your lender.
And I'll handle all the property information your lender needs to close the loan.
Step 8 – Close the deal
You'll get a Loan Estimate (LE) of your closing costs from your lender within three days of taking your loan application.
The estimate rests on the loan amount. RESPA requirements order that it has to include all closing costs and fall within a strict range of accuracy, and I'll examine the estimate and let you know if everything looks okay.
Then it's time to close on your home. This should happen at a title company or escrow office and will probably be a smooth and stress-free occurrence.
Step 9 – Move in
Congratulations! It's time to move into your new home. Enjoy it. And if you have any questions, simply contact me at 7195286672 or e-mail me at .