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

Purchasing a home can be stressful for a lot of people. However, with a little planning ahead of time, it's not very difficult. So they'll know exactly what to expect, I'll furnish buyers with an overview of the whole deal. These are my nine steps to purchasing a home. If you have questions about this information or if you're ready to get started, just contact me here or e-mail me at .

Step 1 – Get ready to purchase a home
Before you start looking for a home, there are several things you'll want to contemplate. When you begin your search, you'll probably want to create an index of must-haves, get a feeling for what school districts and neighborhoods you want to live in, and begin planning around your budget. Ensuring your mortgage payment is less than or close to 30 percent of your monthly income is a good rule of thumb to adhere to.

Step 2 – Communicate with a real estate agent
This is where I can help. We can arrange a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll talk about the mortgage and housing industries, other economic factors that may potentially 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 great mortgage professionals in Colorado Springs, and I work with a lot of them, so you'll be in great hands. They will assist you in deciding which kind of loan is best for you and help you get qualified.

Step 3 – Start looking
Following our initial meeting, I'll start searching for available houses on the market that suit your needs. I'll preview most of the houses and remove the duds, and then we'll schedule appointments to tour the homes whenever it's convenient for you.

When we tour the houses, I'll call attention to good features and bad ones. And I'll ask you to point out what things you like and don't like. Frequently, buyers amend their wish list as we tour houses and some things become far more important than others. If that's the case, I'll search the listings once more and trim it down to the home you've been waiting for.

Step 4 – Get a grasp of the housing market
Your agent's understanding of the Colorado Springs market is a leading factor in your house search. And I assure you I'm acquainted with all the neighborhoods and schools, and I can communicate which neighborhoods are "hot" and warrant immediate action and some that are "cool" and allow for thoughtful consideration.

As we view houses, I'll let you know when the list price has room for bargaining and also when I believe the home is "priced to sell." When working with an agent, be mindful and make sure you ask a lot of questions. Every REALTOR will tell you they comprehend the housing market. If things don't add up, just call me at 7195286672 or e-mail me at , and I'd be happy to answer any questions you might have. My market knowledge will help you stay a step ahead throughout the entire deal.

Step 5 – Find your dream house
I know we'll find your dream house in the Colorado Springs area. When that happens, I'll meticulously develop your purchase offer. The offer will be made to suit your needs and the home. We'll include a lot of contingencies, such as obtaining financing, finishing the home inspection, and a clear title.

When submitting your purchase offer, you'll need to present "earnest money." This is a cash deposit given to the seller to secure the offer to buy the property. The amount is usually applied to the closing costs. If your offer is accepted, we should close on the home within 30 to 60 days afterward. This allows sufficient time for your mortgage financing.

Step 6 – Negotiate
A lot of contracts aren't closed on the first offer. It's widely common to receive a counter offer. Don't let it alarm you. We'll talk over whether or not to agree to the counter offer, present our own counter offer, or decline the seller's offer and move on.

Market circumstances determine how aggressively we negotiate the contract. In addition, we'll work within your financing constraints. And at the end of the day, we'll assemble a contract that's best for you.

Step 7 – Obtain your loan
Once we sign the final contract, you'll start working with your lender to close the loan. If you're already pre-approved, this won't take long at all, but you'll want to keep in close contact with your lender. And I'll handle 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 your closing costs from your lender within three days of accepting your application. This estimate depends on the loan amount. RESPA requirements mandate that it has to contain all closing costs and be within a precise range of accuracy, and I'll examine the estimate and let you know if it all looks all right.

Then we'll close on your home. This will probably occur at a title company or escrow office and will most often be a smooth and relaxed event.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you have any questions, simply contact me at 7195286672 or e-mail me at .