Purchasing your new home in Colorado Springs?

For most people, purchasing a home can be a stressful event. However, with a little planning ahead of time, it isn't that confusing. So they'll know exactly what to expect, I'll furnish buyers with a road map of the entire deal. These are my nine steps to buying a home. When you're ready to get started, simply contact me here or e-mail me at . I'm happy to answer questions you have about this information.

Step 1 – Get ready to purchase a home
Prior to starting your home search, there are plenty of things you should consider. When you begin your search, you'll probably want to make an outline of features you need to have, get a plan of what school districts you want to live in, and begin planning your budget. Keeping your mortgage payment less than or around a third of your monthly income is a good principle to follow.

Step 2 – Speak with a real estate agent in Colorado Springs
This is where I can help. I'd love to schedule a time to get together with you and speak with you about why you want to buy a home and get an idea of your plans for the future. We'll talk about the mortgage and housing industries, other economic factors that could affect your buying decision today or in the future, as well as neighborhoods and school districts in the Colorado Springs area.

I'll also help you begin the loan process. There are some excellent mortgage professionals in Colorado Springs, and I partner with a lot of them, so you're in great hands. They will assist you with determining which type of loan is best for you and help you get qualified.

Step 3 – Begin your home search
After our initial meeting, I'll begin looking for available houses on the market that are good for you. I'll research many of the houses and exclude the duds, and then we'll book appointments to tour the homes whenever it's most convenient for you.

When we view the houses, I'll identify positive features and negative ones. I'll also ask you what things you like and dislike. It's widely common for buyers to change their must-have list as we view homes and some items become far more substantial than others. If such is the case, I'll go back through the listings one more time and narrow it down to the house you've been dreaming about.

Step 4 – Understand the housing market
Your agent's understanding of the Colorado Springs housing market is a crucial aspect in your house search. And I assure you I'm conscious of all the neighborhoods and school districts, and I'll alert you to certain districts are "hot" and call for prompt action and the ones that are "cool" and allow for careful consideration.

When we tour homes, I'll make sure to communicate if the list price has room for bargaining or if I believe the home is "priced to sell." When working with an agent, be careful and be sure to ask plenty of questions, as every real estate agent will tell you they know the home market. If things don't add up, just call me at 7195286672 or e-mail me at , and I'll be happy to answer any questions you may have. My knowledge of the market will help you stay a step above the rest through the entire deal.

Step 5 – Find the home of your dreams
We'll find the house of your dreams in the Colorado Springs area, and when that happens, I'll thoroughly develop your home purchase offer. The offer will be tailored exactly to your needs and the home, including some contingencies. A few examples are acquiring financing, completing the inspection, and a clear title.

When submitting your purchase offer, you'll likely need to submit "earnest money." This is a cash deposit given to the seller to secure an offer to purchase the property, and it's usually put towards the closing costs. If the seller accepts the offer, we should close within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Most deals aren't closed on the beginning offer, and it's pretty common to receive a counter offer. But don't let it alarm you. We'll talk about whether or not to accept the counter offer, present our own counter offer, or reject the seller's offer and go on.

How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your budget. And when it's all said and done, we'll compose a deal that's best for you.

Step 7 – Secure a loan
After the deal is complete, you'll begin working with your mortgage lender to close the loan. This won't take long at all if you've been pre-approved, but you'll want to stay in close contact with your mortgage lender. And I'll sort out all the property information your lender will need to close the loan.

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

Then we'll close on your home. This should occur at a title company or escrow office and should be a smooth and relaxed affair.

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 contact me at 7195286672 or e-mail me at .