Home buying tips for Castle Rock Colorado

By
Mortgage and Lending with WR Starkey Mortgage, An Equal Credit Opportunity Lender

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

Home buying tipsYou 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!Home buying tips

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 tipsHome 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 HuntingHome buying tips

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 tipsHome 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)

Posted by

Colorado's Preferred Home Lending Resource

Views and opinions expressed on this site are not necessarily those of WR Starkey Mortgage. 

colorado lender      Phone: 720-289-6383     

www.Lifetimelender.com  

Info@lifetimelender.com  

   Jim Vogt  

     LMB100022952  

     NMLSR# 257588  

   Ruth Vogt   

LMB100023827 

NMLSR# 257576 

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Colorado Douglas County Castle Rock
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Rainmaker
558,757
Chris Olsen
Olsen Ziegler Realty - Cleveland, OH
Broker Owner Cleveland Ohio Real Estate

Hi Jim and Ruth -- Great tips.  I would further refine the steps by only working with buyers who are pre-approved, not just pre-qualified.  Verifying all the information is critical.

Mar 14, 2011 05:10 PM #1
Ambassador
1,598,146
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 800-610-7253 DRE01267479 - Costa M

Jim and Ruth - This is a great set of tips for a buyer buying in Castle Rock, Colorado.

Mar 14, 2011 10:23 PM #2
Rainmaker
1,118,285
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Buying a home has a lot of steps along way. I am sure buyers will find these tips very useful.

Mar 14, 2011 10:55 PM #3
Rainer
4,879
Jim & Ruth Vogt
WR Starkey Mortgage, An Equal Credit Opportunity Lender - Englewood, CO
FHA VA Conventional Home Loans Colorado | LMB100022952/NMLSR #2575

Chris, It's all in the details, isn't it?

Christine, Thanks for stopping by... and commenting! Appreciate it.

Joan, We could go on and on, couldn't we?

Mar 14, 2011 11:31 PM #4
Rainmaker
478,361
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Jim & Ruth, and excellent post! I can see why you were featured as this is some great information. Congrats and keep em coming :) Came back in to say I love the graphics!

Mar 14, 2011 11:57 PM #5
Rainer
4,879
Jim & Ruth Vogt
WR Starkey Mortgage, An Equal Credit Opportunity Lender - Englewood, CO
FHA VA Conventional Home Loans Colorado | LMB100022952/NMLSR #2575

Thank you, Cindy! Appreciate your return visit. AND your advise on the last post!!   ;)

Mar 15, 2011 04:13 AM #6
Rainmaker
478,361
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

You're very welcome, I'm glad to see you're off and running and jumping right in!

Mar 15, 2011 12:47 PM #7
Rainer
4,879
Jim & Ruth Vogt
WR Starkey Mortgage, An Equal Credit Opportunity Lender - Englewood, CO
FHA VA Conventional Home Loans Colorado | LMB100022952/NMLSR #2575

Trying too, at least! It's easy to get addicted here, isn't it???

Mar 17, 2011 08:26 AM #8
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Rainer
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Jim & Ruth Vogt

FHA VA Conventional Home Loans Colorado | LMB100022952/NMLSR #2575
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