So you've decided you are done with wasting money on rent, done living with your parents, friends or relatives and you are ready to dive in and purchase a new home, YAY! Now what? What's the next step? These are great questions and following is a couple great tips to get you started on the road of purchasing a new home.
The first step I suggest you take before you find that perfect half a million dollar home that you may or may not be able to afford, would be to meet up with a lender and get pre-approved for a loan. Pre approval is an in depth process to find out where you stand financially, if you are currently able to purchase a home and how much home you can afford to buy. Once you have this information you can look at homes within your budget. Plus, when you decide on the home you want to purchase, having a pre approval letter from your lender makes your offer look much better to the home seller and gives them more confidence that you can afford to buy the home.
Next, when you are ready to go look at homes you like and can afford, I would suggest enlisting the help and expertise of a real estate agent. An agent can help you through the process of buying a home by giving you advice, information and also negotiating on your behalf to get you the best deal possible! The agent works for you and for your best interest. A great agent will do an in depth analysis of your needs and help narrow your search to areas and homes that fit your specific needs. Also, in Colorado a buyers agent is paid by the seller of the home, not you as the buyer. So in essence you have someone working on your behalf that you don't have to pay! Be picky about the agent you choose and make sure they have listened to your needs and are working to help you make your dream of owning a home a reality!
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