Let Coldwell Banker Residential Brokerage help you with buying a home in Englewood
For a lot of people, buying a home can be an intimidating event. But with a bit of up-front planning, it isn't that confusing.
I like to give buyers an outline of the entire deal so they understand exactly what they can expect.
Below are my nine steps to buying a home.
When you're ready to get started, simply contact me here or send me e-mail
. I'm happy to address any questions you have about this information.
Step 1 – Prepare to purchase
There are a lot of things you need to do before you start searching for a home.
When you start your search, you'll probably want to put together an outline of items you need to have, get an idea of what school districts you'd like to live in, and begin planning your budget.
Keeping your mortgage payment less than 1/3 of your monthly income is a good principle to adhere to.
Step 2 – Speak with a real estate agent in Englewood
This is where I come in.
I'd love to book a time to get together with you and talk about your real estate needs and get an idea of your future plans.
We'll discuss everything from neighborhoods, schools in the Englewood area, the mortgage and housing industries, to any other economic factors that might affect your buying decision today or in the future.
I'll also assist you with getting started on your loan.
There are some excellent mortgage professionals in Englewood, and I work with a lot of them, so you're in great hands.
They can help you decide which kind of loan is best for you, as well as help you get qualified.
Step 3 – Start house-hunting
After our initial meeting, I'll begin looking for available homes on the market that are great for you.
I'll research many of the homes and exclude the bad ones, and then we'll book appointments to tour the homes at a time that's convenient for you.
When we view the homes, I'll identify good features, as well as bad ones. I'll even ask you to tell me about things you like and don't like.
Most often, buyers change their wish list as we view houses and some features become more important than others.
If that's the situation, I'll go back through the listings another time and trim it down to the home you've been waiting for.
Step 4 – Understand the housing market
An agent's understanding of the Englewood housing market is an imperative agent in your home search. And I assure you I'm acquainted with all the neighborhoods and school districts, and I'll alert you to some districts are "hot" and warrant immediate action and the rest that are "cool" and allow for careful consideration.
When we view homes, I'll make sure to communicate when the seller's asking price has room for bargaining and also when I believe the home is "priced to sell."
Trust your instincts and be sure to ask your agent plenty of questions, as any REALTOR® will claim to know the home market.
If it seems like they don't know everything, call me at (303) 843-1545 or e-mail me at email@example.com, and I'll be more than happy to answer your questions. My market knowledge will keep you a step above the rest throughout the entire deal.
Step 5 – Find the home you've been waiting for
I'm positive we'll find the home of your dreams in the Englewood area. When that happens, I'll thoroughly develop your purchase offer. The offer will be tailored exactly to your needs, including several contingencies. A few examples are getting financing, finishing the inspection, and a clear title.
Upon presenting your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to the home seller to secure an offer to buy the property, and it's usually applied to the cost of closing. If your offer is accepted, we should close about 30 to 60 days after. This allows enough time for your mortgage financing.
Step 6 – Negotiate the deal
A lot of deals aren't closed on the initial offer, and it's extremely common to receive a counter offer. But don't let this intimidate you. We'll talk over whether or not to accept the counter offer, propose our own counter offer, or decline the seller's offer and move on.
The state of the market will play a role in how aggressively we negotiate the contract.
We'll also work within your financing constraints. And at the end of the day, we'll create a deal that works well for you.
Step 7 – Secure financing
Once the contract is complete, you'll begin working with your mortgage lender to close the loan.
If you're pre-qualified, it shouldn't take long at all. However, you should to stay in close contact with your mortgage lender.
And I'll take care of all the property information your mortgage lender will need to close the loan.>
Your lender will provide you with a Good Faith Estimate (GFE) detailing closing costs within three days of getting your application.
This estimate is formed from the loan amount. RESPA requirements mandate that it has to include all closing costs and fall within a precise range of accuracy, and I'll examine the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This will most likely take place at a title company or escrow office and is often a smooth and peaceful occasion.
Step 9 – Move in
Success! Now you can move into your new home. Enjoy it. And if you need anything, just contact me at (303) 843-1545 or send me an e-mail.