Home buying tips for Castle Rock Colorado
Below are 5 home buying tips when the time is right to start the home buying process in Castle Rock Colorado.
Home buying tips (1) Find A Real Estate Professional
You may want to use a real estate broker/agent to help you with your search. This would be the selling broker/agent. It is very important to find one you are comfortable working with, who will respond to your questions and assist you in securing a property that meets your specifications. If you need some recommendations, please ask me. After all, I'm in the business and can suggest one that specializes in your desired Castle Rock Colorado location. A listing broker lists the home for sale and actively markets the property on behalf of the seller. Occasionally, the listing and selling brokers are the same or are employed by the same agency. As a purchaser, it is necessary to understand the fees for the listing and selling broker/agent are usually paid by the seller.
Home buying tips (2): Get Pre-Qualified for the loan!
You should spend some time to get "pre-qualified" for a mortgage loan BEFORE you start shopping for a home. This means the lender will informally qualify you for a mortgage loan by getting basic information on your income, debts and credit. By getting pre-qualified, you are able to usually estimate how much you can actually borrow for a home. It is strongly recommended that you work with a loan officer who will put your loan into process even before you decide to go under contract in order to be given a preAPPROVAL, which carries a lot more weight with a seller when making an offer on their home than a prequalification would!
Home buying tips (3): Determine Type Of Home And Location
Given your price range, decide what type of home you want/need: size, location, special features ( for instance fireplace or fence), etc. You will also want to consider school districts and other factors that are important to you and your loved ones. What will make your home attractive to potentional buyers when you are ready to sell?
Home buying tips (4): Begin House Hunting
Allow sufficient time to see a variety of houses, so you have a good basis for making a final decision.Finding the right home may take several months. When you find a home you like, carefully give it your own personal inspection. You will probably want to tour the neighborhood and perhaps see the house at different times of day or on weekends to check traffic patterns and other amenities that may possibly affect your decision.
Home buying tips (5): Submit An Offer for purchase to the seller
If you're comfortable with the home, your real estate agent will help you in making an Offer to Purchase, including an "earnest money" deposit. You should make sure the Offer enables you to get your money back if the home inspection reveals issues with the house, appraisal issues, or unexpected mortgage loan conditions that cannot be met.
Below is a link that will give you a list of items needed to bring with you to start the preapproval process:
Home buying tips (Checklist)
For additional Home Buying Tips, click here:
Home buying tips (additional info)