Are you looking to purchase a new home in Englewood? Coldwell Banker Residential Brokerage can help.
Buying a home can be stressful for many people, but with a bit of planning ahead of time, it isn't too confusing.
So they'll understand exactly what they can expect, I will supply buyers with an overview of the entire deal.
Here are my nine steps to purchasing a home.
When you're ready to get started, you can contact me here or e-mail me at . I'm happy to address questions you have regarding this information.
Step 1 – Get ready to purchase
Before you begin looking for a home, there are plenty of things you should consider.
It's likely that you'll want to make a list of features you need, get a feeling for what school districts and neighborhoods you want to live in, and begin working on your budget.
Keeping your mortgage payment less than or around a third of your net monthly income is a good guideline to adhere to.
Step 2 – Get in touch with a real estate agent in Englewood
This is where Coldwell Banker Residential Brokerage can help.
We can plan a time to meet so we can talk about your real estate needs and get an idea of your upcoming plans.
We'll talk about everything from neighborhoods, schools in the Englewood area, the mortgage and housing industries, to any other economic factors that could affect your buying decision today or in the future.
I'll also assist you in getting started on your loan.
Coldwell Banker Residential Brokerage works with some of the best mortgage professionals in Englewood, so you can rest assured that you're in great hands.
They will help you determine which kind of loan is best for you, as well as help you get approved.
Step 3 – Start your search
After our first meeting, I'll begin looking for available homes on the market that best suit you.
I'll preview most of the houses and ignore the duds, and then we'll book appointments to view the homes when it's most convenient for you.
As we view the homes, I'll identify good features and negative ones. I'll even ask you to point out what things you like and don't like.
Oftentimes, buyers amend their list of must-haves as we tour homes and some features become far more essential than others.
If such is the case, I'll search the listings another time and narrow it down to the home of your dreams.
Step 4 – Know the market
My knowledge of the Englewood housing market is a crucial agent in your home search. I am conscious of all the neighborhoods and schools, and I will communicate what areas are "hot" and require prompt action and others that are "cool" and allow for more examination.
When we view houses, I'll be sure to tell you if the asking price has room for bargaining or if I believe the house is "priced to sell."
When working with an agent, be mindful and be sure to ask plenty of questions. Any real estate agent will claim to truly understand the housing market.
If things don't add up, contact me at (303) 843-1545 or e-mail me at , and I'll be glad to answer any questions you might have. My market knowledge will keep you a step above the rest throughout the entire process.
Step 5 – Find the home you've been looking for
We'll find the home of your dreams in Englewood, and when we do, I'll thoroughly develop your real estate purchase offer. The offer will be tailored exactly to your needs and the home, including many contingencies, such as acquiring financing, finishing the home inspection, and a clear title.
When we send in your purchase offer, you'll want to submit "earnest money." This is a cash deposit made to a home seller to secure the offer to purchase the property. The amount is most often applied to the cost of closing. If your offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows enough time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the initial offer – it's extremely common to receive a counter offer. But don't let this discourage you. We'll figure out whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and move on.
How aggressively we negotiate the deal depends on market circumstances.
We'll also work within your financing budget. And when it's all said and done, we'll formulate a deal that is best for you.
Step 7 – Obtain financing
Upon completion of the contract, you'll start working with your mortgage lender to close the loan.
If you're pre-approved, it won't take very long at all, but you need to keep in close contact with your mortgage lender.
And I'll manage all the property information your mortgage lender will need 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 receiving your loan application. You'll get a Loan Estimate (LE) of closing costs from your lender within three days of accepting your application.
This estimate is based on the loan amount, and RESPA requirements dictate that it has to include all closing costs and be within a strict range of accuracy. I'll study the estimate and let you know if everything looks okay.
Then we'll close on your house. This will probably take place at a title company or escrow office and will most often be a smooth and relaxing occasion.
Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, be sure to call me at (303) 843-1545 or e-mail me at .