BUYING A HOME
Buying a home can be an overwhelming process that requires making complex decisions. I am here to help take away the stress and worry! The following is a brief summary of the processes involved in purchasing a home.
After deciding to purchase a home, we will arrange a meeting to establish your purchasing profile. We will work together to define your specific needs and wants, including; location, price range, size, and style. I will use my knowledge along with your criteria to narrow the search down to only the most desirable properties.
SET UP HOME VIEWINGS AND TOURS WITH ME!
After establishing your profile, the next step is to look at prospective properties that match your search. We can arrange tours, private showings and visit open houses.
LET ME HELP YOU MAKE AN OFFER!
Once we have found you your perfect home, it’s time to make an offer. I will help you establish a fair market value, the terms, conditions and dates that will give you the best chance of having your offer accepted. My experience and training will ensure that your offer is legally binding, enforceable and written properly.
THE LEGAL PROCESS
In this stage the seller’s and the buyer’s lawyers will coordinate the transfer of the Title of the property and the remaining funds on the date of completion. If you do not have a lawyer I am more than happy to recommend one of the several professional I work with.
Once it is confirmed that the money has been released to the seller, and the title has been transferred, you may now move in to your new home.
CHOOSING THE RIGHT HOME
It is important to consider your priorities and the list of features you are looking for in a home. I will help you define your search parameters and target the ideal properties for you to consider.
Some things you should consider in creating your list are: price, location and your future needs. Everyone is different, and some of us may trade four bedrooms for a big kitchen! A larger backyard may make up for a longer commute to the office. The number of bathrooms may be more important to a growing family, or a single story home might be necessary for someone who has difficulty climbing stairs.
With over six million new and existing homes sold each year in the United States, the options can be staggering! I will help you narrow down the choices and find the property that best suits your needs.
It may be the very first home you look at, or the very last one; but in either case, I will help you find the place you can call “home”!
YOUR OFFER TO BUY
Also to be considered are the values of the properties around the one you want. These figures are typically called the “comps” or “comparables”. I will show you all of the properties on a list that have closed or are for sale currently in the vicinity of the property you are submitting an offer on. These comps must be analyzed and a realistic value for the property established. There will be an appraisal on the property after you open escrow, and often what you are willing to pay for a property and what an appraiser determines as its value are two different numbers!
You will also want to establish the close of escrow date, or date you will actually become the owner, before writing an offer. If you are obtaining a loan, a Lender will generally need about 30 days to complete your loan, order and evaluate the appraisal, and furnish the closing documents. If you have been pre-approved, this time frame may shorten. Of course, you will want to give yourself ample time to conduct any inspections on the property prior to your chose closing date.
There are other terms to be considered when placing an offer that may effect whether or not the Seller is willing to accept the offer, or whether you are willing to accept the Seller’s terms. Some of the factors to consider are if a pre or post possession of the property has been requested, if a Home Warranty will be included, and as stated previously, what market conditions currently are.
I feel that you cannot enter into an agreement without as much information as possible. My commitment to providing you with superior customer services can be demonstrated by my training and support programs designed to assist me and in turn help you be the most informed Buyer you can be.
THE HOME INSPECTION
Some of the items typically investigated during an inspection are: appliances, plumbing, A/C, heating, electrical, structure, foundation, roof and attic. If any of the following are areas of concern, you can ask your inspector to address concerns regarding indoor air quality, expansive soil conditions, previous fire or flood, pests and mold. If you are obtaining a loan, your Lender may require specific inspections, such as an inspection to certify that the home is free of wood-destroying organisms.
It is around this time that you can expect to be provided with a Property Disclosure Statement from the Seller, which contains all information material to the sale of the property. I will ask you to read through it carefully and ask any questions your might have during your inspection period.
Additional inspections that you may want to consider are: a survey to determine where property lines are located, and a claims report, which gives Buyers the past insurance claim history on the property (a factor which can affect the cost of you homeowner’s insurance).
In addition to formal inspections, Buyers should consider other methods of obtaining information about the property. For example, talk to the neighbors and drive around the neighborhood during different times of day. In touring the neighborhood, consider things such as proximity to freeways, airports and schools.
I can also provide you with resources for obtaining information on crime statistics, city planning and zoning, school information and environmental concerns which may affect your decision to purchase.
This Denver Home
1800 Glenarm Place, Suite 1203
Denver, CO 80202
© This Denver Home - 2018