Contemplating buying your new home in Colorado Springs? Brian L. A. Wess can help.

Buying a home is stressful for a lot of people, but it isn't very complex with a bit of up-front planning. I like to furnish buyers with an overview of the whole deal so they know exactly what to expect. Here are my nine steps to purchasing a home. When you're ready to get started, you can contact me here or e-mail me at . I'm glad to address any questions you have about this information.

Step 1 – Prepare to buy
There are plenty of things you need to take into account before starting your home search. You'll want to create a checklist of features you need to have, get a feeling for what school districts you'd like to live in, and begin working on your budget. A good rule to adhere to is that your mortgage payment should be around 30 percent of your net monthly income.

Step 2 – Communicate with a real estate agent in Colorado Springs
This is where I can help. I'd be happy to plan a time to meet with you and communicate with you about your real estate needs and get an idea of your upcoming plans. We'll discuss neighborhoods, school districts in the Colorado Springs area, the mortgage industry, and any other economic factors that could potentially affect your purchase today or in the future.

In addition, I'll help you begin 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 can help you choose which type of loan is best for you, as well as help you get approved.

Step 3 – Begin your home search
After we meet for the first time, I'll begin looking for houses on the market that meet your needs. I'll research most of the houses and eliminate the duds, and then we'll set up appointments to tour the homes when it's convenient for you.

As we tour the homes, I'll identify good features and bad ones. I'll even ask you what things you like and don't like. As a rule, buyers revise their wish list as we tour houses and some items become more important than others. If that's the case, I'll look through all the listings another time and narrow it down to the house you've been wishing for.

Step 4 – Comprehend the housing market
An agent's knowledge of the Colorado Springs home market is an imperative element in your house search. And I assure you I'm conscious of all the schools and neighborhoods, and I will communicate certain areas are "hot" and warrant prompt action and some that are "cold" and allow for cautiousness.

When we tour homes, I'll let you know when the seller's asking price has room for bargaining and also when I believe the home is "priced to sell." When working with an agent, be mindful and be sure to ask a lot of questions, as every real estate agent will tell you they know the market. If things don't add up, just call me at 7195286672 or e-mail me at , and I'll be more than happy to answer any questions you have. My understanding of the market will keep you a step above the rest through the entire deal.

Step 5 – Find the home you've been looking for
We'll find your dream house in Colorado Springs, and when that happens, I'll meticulously create your real estate purchase offer. The offer will be made to fit your needs and the home. We'll include many contingencies, such as obtaining financing, completing the inspection, and a clean title.

When we send in your offer, you'll want to submit "earnest money." This is a cash deposit given to a seller to secure an offer to buy the property, and it's typically put towards the closing costs. If the seller accepts the offer, we should close within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Most contracts don't close on the initial offer, and it's extremely common to receive a counter offer. Don't let this intimidate you. We'll talk over whether or not to accept the counter offer, present our own counter offer, or decline the seller's offer and move on.

The state of the market will play a large role in 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 assemble a deal that's best for you.

Step 7 – Secure your loan
Upon completion of the deal, you'll start working with your lender to close the loan. It won't take very long at all if you're pre-approved, but you'll need to keep in close contact with your mortgage lender. And I'll sort out all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your lender will provide you with a Loan Estimate (LE) outlining your closing costs within three days of getting your application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of taking your application. This estimate is formed from the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a narrow range of accuracy, and I'll study the estimate and let you know if everything looks okay.

Then it's time to close on your house. This will most likely happen at a title company or escrow office and will most likely be a smooth and hassle-free affair.

Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you need anything, just call me at 7195286672 or e-mail me at .