Are you buying a new home in Englewood? Coldwell Banker Residential Brokerage can help.
Purchasing a home is an intimidating event for many people, but with a bit of up-front planning, it's not very confusing.
So they understand exactly what they can expect, I will provide buyers with an overview of the whole deal.
These are my nine steps to buying 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 about this information.
Step 1 – Prepare to buy
There are many things you should do prior to commencing your home search.
When you start your search, you'll probably want to make a list of must-have features, plan for what neighborhoods you want to live in, and begin working on your budget.
A good principle to adhere to is that your mortgage payment should be less than 1/3 of your net monthly income.
Step 2 – Connect with a real estate agent in Englewood
This is where Coldwell Banker Residential Brokerage comes in.
We can set up 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 neighborhoods, school districts in the Englewood area, the mortgage industry, and any additional economic factors that may potentially affect your purchase today or in the future.
In addition, I'll help you get started on your loan.
There are some great mortgage professionals in Englewood, and I partner with a lot of them, so you'll be in great hands.
They'll assist you in deciding which type of loan is best for you and help you get approved.
Step 3 – Start looking
After our first meeting, I'll begin searching for available houses on the market that are good for you.
I'll preview many of the houses and ignore the bad ones, and then we'll book appointments to view the homes when it's most convenient for you.
As we view homes, I'll call attention to good features and negative ones. And I'll ask you to point out what things you like and don't like.
It's widely common for buyers to update their must-have list as we tour houses and some items become far more crucial than others.
If that's the case, I'll look through the listings another time and trim it down to the house you've been dreaming about.
Step 4 – Get a grasp of the housing market
My understanding of the Englewood home market is a crucial element in your house search. I am familiar with all the neighborhoods and schools, and I can communicate what neighborhoods are "hot" and demand immediate action and others that are "cool" and allow for thoughtful examination.
When we tour homes, I'll let you know when the seller's asking price has room for bargaining and also when I know the home is "priced to sell."
Any real estate agent in Englewood will convince you they comprehend the market, but be wary, and make sure you ask your agent lots of questions.
If it appears they don't know everything, just call me at (303) 843-1545 or e-mail me at , and I'd be happy to answer any questions you might have. My market expertise will help you stay a step above the rest throughout the entire process.
Step 5 – Find the home you've been waiting for
We'll find your dream home in Englewood, and when that happens, I'll precisely create your purchase offer. The offer will be tailored keeping your needs in mind and the home, including a lot of contingencies. A few examples are getting financing, carrying out the home inspection, and a clean title.
When presenting your offer, you'll likely need to submit "earnest money." This is a cash deposit submitted to the home seller to secure the offer to purchase the property and is typically put towards the cost of closing. If the offer is accepted by the seller, we should close about 30 to 60 days afterward. This allows sufficient time for your mortgage financing.
Step 6 – Negotiate
Most contracts aren't closed on the beginning offer, and it's extremely common to receive a counter offer. Don't let it discourage you. We'll talk over whether or not to agree to the counter offer, submit our own counter offer, or reject the seller's offer and go on.
Market circumstances will play a role in how aggressively we negotiate the deal.
In addition, we'll work within your budget. And when it's all said and done, we'll formulate a deal that works well for you.
Step 7 – Get financing
Once we sign the final sales contract, you'll begin working with your mortgage lender to close the loan.
If you're pre-approved, this shouldn't take very long at all, but you'll need 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) of closing costs from your lender within three days of getting your loan application.
The estimate depends on the loan amount. RESPA requirements require that it has to contain all closing costs and fall within a precise range of accuracy, and I'll go over the estimate and let you know if everything looks adequate.
Then it's time to close on your house. This should happen at a title company or escrow office and will probably be a smooth and peaceful event.
Step 9 – Move in
Congratulations! Now you can move into your new house. Enjoy it. And if you have any questions, simply call me at (303) 843-1545 or e-mail me at .