If you’re thinking of buying a home for the first time, you might be a bit overwhelmed by it all. We know that buying a home is a large undertaking, both in terms of time and money. I would like to help you get started. Sometimes the most important thing is getting pointed in the right direction. Here are some tips that can help make your home buying process successful.
Do Your “Home”work – The perfect home won’t find you by itself. Educate yourself on local schools, neighborhoods, and the kinds of homes available. By reading available materials and talking with experts, you can start to put together your idea of the perfect home. Getting information on the Denver should be your first step!
Decide on What You’re Looking For – Settle on the home features that are most important to you: floor plan, number of baths or bedrooms, entertaining space, architectural style, etc. For example, if you have large bedroom furniture, carry around the dimensions so you’ll know if it will fit! Memorize an ordered list of which features that are most important to you. Having well-established guidelines will easily narrow down your search and prevent you from spending valuable time on homes that lack your key amenities. This approach can help you make the decision not to buy an attractive property that doesn’t really fit your needs. My website has a search feature that allows you to filter thousands of listings based on attributes that you select.
Start Planning – Proper planning is key when buying a home. Start a filing system with sections such as home-buying, home-financing, floorplans, and service providers. By forming a home-buying plan, you can focus on the most important factors structure the entire process. My website is a great resource for property information.
Investigate Your Mortgage – Deciding on the type of financing for your home can be as important as choosing a home itself. The first step is deciding what kind of loan best fits you: a fixed-rate mortgage, or an Adjustable Rate Mortgage (ARM), FHA and other forms of financing are available, but which is best for you? There are benefits to each form of loan, and your real estate professional can provide you with more information as well as put you in contact with reputable Senior Mortgage Broker.
Get Pre-Qualified – Getting pre-qualified for a loan is simple – usually only requiring a short phone conversation with your chosen lender, and can greatly help your home search. Pre-qualification does not guarantee you a loan, but it does provide you with an estimated monthly payment and a price range to use as a guide when searching for your home. Bring pre-qualified can also indicate to sellers that you are a serious, prepared buyer. I have relationships with preferred lenders that have proven track records on getting you approved!
Relax – You don’t have to make an offer on the first home you see. Take your time to view other listings in the area and get a feel for the marketplace. When you decide to make an offer on a home, consult with your real estate professional so that all of your questions can be answered.
Protect Yourself and Ask Questions – Before you sign, make sure you understand the promises you are making. There are time frames set for financing, inspections, insurance, closing, and possession dates, just to name a few. After it is signed, the seller does not have to cooperate if your situation changes.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact me, Brook Willardsen.
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