Buying a new home in Colorado Springs with Brian L. A. Wess

Buying a home can be stressful for a lot of people. However, with some up-front planning, it's not all that complicated. I like to furnish buyers with an outline of the whole deal so they'll understand exactly what to expect. Below 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 glad to answer questions you have about this information.

Step 1 – Get ready to buy a home
There are many things you'll want to do before you start searching for a home. You'll want to make an index of items you want, get a feeling for what neighborhoods and school districts you want to live in, and start planning around your budget. A good principle to adhere to is that your mortgage payment should be less than 1/3 of your monthly income.

Step 2 – Talk to a real estate agent
This is where I come in. I'd be happy to schedule a time to meet with you and communicate with you regarding your real estate needs and get an idea of your future plans. We'll discuss the mortgage industry, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and schools in the Colorado Springs area.

In addition, I'll help you begin the loan process. I partner with some of Colorado Springs's finest mortgage professionals, so you're in great hands. They will help you determine which type of loan is best for you, as well as help you get approved.

Step 3 – Start house-hunting
Following our first meeting, I'll begin searching for available houses on the market that are a great fit for you. I'll get a sneak peek of most of the homes and remove the bad ones, and then we'll schedule appointments to view the homes whenever it's convenient for you.

When we tour homes, I'll call attention to good features and bad ones. And I'll ask you what things you like and dislike. It's common for buyers to update their list of must-haves as we tour houses and some things become far more essential than others. If that's the situation, I'll go back through all the listings once more and narrow it down to the house you've been wishing for.

Step 4 – Get a grasp of the market
Your agent's understanding of the Colorado Springs market is an imperative factor in your house search. And I can assure you I'm informed of all the neighborhoods and schools, and I can communicate what areas are "hot" and warrant prompt action and the ones that are "cool" and allow for thoughtful analysis.

When we tour houses, I'll make sure to communicate if the asking price has room for negotiation or if I believe the house is "priced to sell." When working with an agent, be mindful and be sure to ask lots of questions. Any REALTOR will convince you they understand the market. If things don't add up, just call me at 7195286672 or e-mail me at , and I'd be glad to answer any questions you may have. My knowledge of the market will keep you a step ahead through the entire process.

Step 5 – Find the house of your dreams
We'll find the home of your dreams in the Colorado Springs area, and when we do, I'll precisely create your purchase offer. The offer will be made to suit your needs and the home. We'll include some contingencies, such as obtaining financing, finishing the inspection, and a clean title.

When presenting your offer, most likely you'll need to submit "earnest money." This is a cash deposit given to a home seller to secure the offer to buy the property, and it's typically put towards the cost of closing. If your offer is accepted, we should close on the property within 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
A lot of contracts aren't closed on the beginning offer, and it's pretty common to receive a counter offer. Don't let it alarm you. We'll figure out whether or not to accept the counter offer, propose our own counter offer, or reject the seller's offer and move on.

Market conditions will play a vital role in how aggressively we negotiate the deal. We'll also work within your budget. And at the end of the day, we'll put together a deal that is best for you.

Step 7 – Obtain a loan
Upon completion of the deal, you'll start working with your mortgage lender to close the loan. If you're already pre-qualified, this won't take much time at all, but you should to stay in close contact with your mortgage lender. And I'll care for all the property information your lender will need to close the loan.

Step 8 – Close the deal
You'll get a Loan Estimate (LE) detailing closing costs from your lender within three days of accepting your application. The estimate rests on the loan amount. RESPA requirements mandate that it has to contain all closing costs and fall within a tight range of accuracy, and I'll study the estimate and let you know if everything looks permissible.

Then we'll close on your home. This will most often take place at a title company or escrow office and will probably be a smooth and stress-free 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, just call me at 7195286672 or e-mail me at .

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Brian L. A. Wess

Infinite Horizons Realty

2910 N. Powers Blvd, #174
Colorado Springs, CO 80922