Buying your home in Colorado Springs with Brian L. A. Wess

Buying a home is an intimidating event for a lot of people. However, with a bit of planning ahead of time, it isn't all that difficult. I like to furnish buyers with an overview of the entire deal so they'll know exactly what to expect. Here are my nine steps to purchasing a home. Should you have any questions regarding any of this information or if you're ready to get started, you can contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
Prior to beginning your home search, there are a lot of things you need to take into account. When you start your search, you'll probably want to make a check list of items you want, get a feel for what school districts and neighborhoods you want to live in, and begin working on your budget. Keeping your mortgage payment around 30 percent of your net monthly income is a good rule to go by.

Step 2 – Speak with a real estate agent
This is where Brian L. A. Wess can help. I'd be happy to arrange a time to get together with you and speak with you about your real estate needs and get an idea of your plans for the future. 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 get started on your loan. Brian L. A. Wess partners with some of Colorado Springs's finest mortgage professionals, so you'll be in great hands. They will assist you with choosing which kind of loan is best for you and help you get approved.

Step 3 – Start house-hunting
After we meet for the first time, I'll begin finding available houses on the market that are a great fit for you. I'll get a sneak peek of many of the houses and throw out the duds, and then we'll book appointments to view the homes when it's convenient for you.

When we tour the homes, I'll call attention to good features and bad ones. I'll also ask you to point out what things you like and don't like. It's pretty common for buyers to amend their wish list as we tour homes and some things become more crucial than others. If such is the case, I'll go back through all the listings once more and trim it down to the house you've been waiting for.

Step 4 – Know the housing market
My knowledge of the Colorado Springs market is an essential component in your home search. I'm informed of all the neighborhoods and school districts, and I'll communicate what areas are "hot" and warrant prompt action and some that are "cool" and allow for more examination.

As we tour houses, I'll be sure to tell you if the seller's asking price has room for negotiation or if I believe the house is "priced to sell." Be careful and make sure you ask your agent a lot of questions, as every REALTOR in Colorado Springs will claim to truly understand the home market. If it seems like they don't know everything, call me at 7195286672 or e-mail me at , and I'd be happy to answer any questions you may have. My market expertise will help you stay a step ahead throughout the entire deal.

Step 5 – Find the house you've been looking for
I'm positive we'll find your dream house in the Colorado Springs area. When that happens, I'll precisely create your home purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies. A few examples are obtaining financing, carrying out the home inspection, and a clean title.

When we present your offer, you'll need to submit "earnest money." This is a cash deposit submitted to the home seller to secure an offer to purchase the property. The amount is typically applied to the cost of closing. If the offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal
Unfortunately most contracts don't close on the beginning offer. It's very common to receive a counter offer. Don't let it intimidate you. We'll talk about whether or not to accept the counter offer, submit our own counter offer, or refuse 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 formulate a deal that's best for you.

Step 7 – Secure your loan
Upon completing the deal, you'll start working with your lender to close the loan. If you're pre-approved, it shouldn't take very long at all, but you'll want to stay in close contact with your mortgage lender. And I'll manage all the property information your lender needs to close the loan.

Step 8 – Close the deal
Your mortgage lender will provide you with a Loan Estimate (LE) of closing costs within three days of accepting your loan 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, and RESPA requirements order that it has to include all closing costs and fall within a strict range of accuracy. I'll review the estimate and let you know if it all looks adequate.

Then we'll close on your home. This will probably happen at a title company or escrow office and should be a smooth and peaceful occasion.

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 .

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Brian L. A. Wess

Infinite Horizons Realty

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