Salida Colorado Real Estate for buyers: A Guide Part 1
Nine out of ten buyers start looking online about 16 months before they purchase. Here is your live link to search (updated hourly) Salida Colorado Real Estate.
When they get closer, they look for an agent who has relevant content online. That is a complete change from 10 years ago. Realtors used to sit in the office waiting for the phone to ring. Now, buyers will pass them buy as they seek out experts who they find online.
What are the steps a buyer generally takes?
Most buyers want to search on their own at first. So, look on Craigslist, search Google until you find an AGENT (not a company website) that looks like they have relevant content.. listings, market trends, community information. Settle into that website and get familiar with the area, prices, etc. If they have MLS listings, you do not need to search elsewhere. You will have access to everything you need. Spend as much time as you need researching. A good agent will touch base with you on a regular basis. Let them know where you are in the process.
If you are happy with the site and the interaction with the agent, it is time to engage. Let them know your time line and interests. They will assist you in determining how much home you can buy, local good lenders if you are borrowing, good areas and schools, and more.
Let them know your time frame so they will know if foreclosures and/or short sales might work. Their are almost none in our area, so this may not be an option anyway. And, they take more time and often have special rules for purchasing that you need to know about.
Your agent can help you find both listed properties and ones that are not yet on the market or are For Sale By Owners.
Meet your agent. Our first hour plus or minus consultation will be in the office or, if you are from out of town, over the phone. By the end of that meeting, you will have a fair idea of what you can buy, where you want to buy and who can help you with financing. Your agent will have a very good idea of what your wants and needs are.
There are about a dozen types of financing options for you and a few really good lenders who get the local market. See the post Salida Colorado First Time Buyers.. Choosing a GOOD Lender.
Do you know the difference between a buyer’s agent and transaction coordinator? We recommend having an agency relationship with your lender. That way, they can legally advocate for YOU. A transaction broker can only show homes and write up contracts. You want someone who has your back.
This first meeting if you are in town, is a good time to take a tour of the town and surroundings if you are from out of town. You will be able to navigate around pretty well after the tour. Along with the maps you should get a list of some great places to go, eat and play while you are here.
Pre-Showing Activities. You will want to preview homes on your list and if possible, “drive by” in case there is one or more that needs to be “culled” from the showing list.
Showings. According to the national association of Realtors, NAR, it takes 12-15 showings for a buyer to make an offer. Try not to see more than to 4-6 homes/parcels of land a day. It is difficult to keep more than six separate and to keep your energy up. Exploring homes you may want to buy in depth can be exhausting.
Bring water, a compass and binoculars (for rural properties). A good Realtor will provide them for you but in the Rockies, water is paramount so bring some of your own. Bring clothing layers. Weather changes by the hour and storm fronts can move in at a moment's notice.
Rank properties with a 1-10 scale so that when your are done, there will be 2-3 that you may want to see again. We recommend second showings before you write an offer to get the details of the property clear in your mind.
To be sure the homes are priced well and to see what is selling nearby. Your agent will provide you with comparable sales (sold homes in the last 6 months) for the final 2-3 homes.
4. Writing an offer.
You are now ready to write an offer!
See the next post for the Offer writing, inspections, loan application and closing..
Salida Colorado Home Buying: How your Agent Assists from Contract to Close.
Want to Start Now? Check out the following links:
For Part two of this series.. contract to close, click on the link below (coming soon!).
Salida Colorado Real Estate for buyers: A Guide Part 2