Buying or selling a home? Brian L. A. Wess can help.
With a little up-front planning, buying a home isn't that confusing, but the event intimidates a lot of people.
So they know exactly what they can expect, I will give buyers an outline of the whole deal.
Here 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 address any questions you have about this information.
Step 1 – Prepare to buy
There are plenty of things you need to contemplate before beginning your home search.
You'll most likely want to assemble a checklist of items you need, plan for what neighborhoods you'd like to live in, and start planning around your budget.
A good rule to go by is that your mortgage payment should be less than or around a third of your net monthly income.
Step 2 – Get in touch with a real estate agent in Colorado Springs
This is where Brian L. A. Wess can help.
We can arrange a time to get together so we can talk about your real estate needs and get an idea of your plans for the future.
We'll discuss everything from neighborhoods, school districts in the Colorado Springs area, the mortgage industry, to any other economic factors that might affect your purchase today or in the future.
In addition, I'll help you get started on your loan.
There are some excellent mortgage professionals in Colorado Springs, and I work 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 qualified.
Step 3 – Start house-hunting
After we meet for the first time, I'll start looking for available homes on the market that suit your needs.
I'll get a sneak peek of many of the homes and eliminate the duds, and then we'll schedule appointments to tour the homes whenever it's convenient for you.
As we view the homes, I'll point out positive features, as well as negative ones. And I'll ask you to point out what things you like and dislike.
It's widely common for buyers to amend their must-have list as we tour houses and some things become more substantial than others.
If that happens, I'll look through the listings one more time and narrow it down to the house you've been wishing for.
Step 4 – Understand the housing market
My awareness of the Colorado Springs housing market is an imperative agent in your home search. I am acquainted with all the schools and neighborhoods, and I will alert you to some neighborhoods are "hot" and require immediate action and others that are "cool" and allow for more consideration.
As we tour houses, I'll make sure to communicate if the asking price has room for bargaining or if I believe the home is "priced to sell."
Trust your instincts and make sure you ask your agent lots of questions, as every real estate agent will tell you they understand the market.
If it appears they don't know everything, contact me at 7195286672 or e-mail me at , and I'll be happy to answer your questions. My market expertise will help you stay a step ahead through the entire process.
Step 5 – Find the house of your dreams
I'm confident we'll find your dream house in Colorado Springs. When that happens, I'll precisely create your home purchase offer. The offer will be tailored with your needs in mind and the home, including a lot of contingencies. A few examples are getting financing, finishing the home inspection, and a clean title.
When submitting your purchase offer, you'll need to present "earnest money." This is a cash deposit made to a home seller to secure an offer to purchase the property, and it's usually applied to the closing costs. If the offer is accepted, we should close within 30 to 60 days afterward. This allows ample time for your mortgage financing.
Step 6 – Negotiate the deal
Unfortunately most deals aren't closed on the beginning offer. It's widely common to receive a counter offer. Don't let it intimidate you. We'll discuss whether or not to take the counter offer, present our own counter offer, or decline the seller's offer and go on.
How aggressively we negotiate the deal depends on market conditions.
In addition, we'll work within your budget. And at the end of the day, we'll put together a deal that is best for you.
Step 7 – Secure financing
Upon finishing the deal, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, this won't take much time at all. But you should 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 mortgage lender will give you a Loan Estimate (LE) outlining your closing costs within three days of accepting your loan application. You'll get a Loan Estimate (LE) detailing your closing costs from your lender within three days of taking your loan application.
This estimate is based on the loan amount, and RESPA requirements require that it has to involve all closing costs and be within a strict range of accuracy. I'll study the estimate and let you know if everything looks all right.
Then we'll close on your home. This will probably occur at a title company or escrow office and is often a smooth and pleasant event.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, make sure you call me at 7195286672 or e-mail me at .