 How we work with Buyers ...
- Buyer Interview ... we like to start by learning a bit about your family, occupation, recreational activities and your desires in a home. A short interview allows us to focus the process so we don't waste a lot of your time.
- Get connected with a good lender ... we can help you with this during the interview. Your lender should be prepared to issue a prequalification letter when we write your offer.
- Neutral or Your Advocate? ... In Colorado, when we first meet you we are neutral in the home purchase process - if you want us to be your advocate, and almost all of our Buyers do, then we have to complete some paperwork to establish that relationship
- The elimination process ... The home search is like a big pyramid - we start at the broad bottom and start working our way up, narrowing the search until we reach the tip (the 2 or 3 homes you like the best)
- The top 3 ... now it's time to get really serious! Let's find out more about the properties you really like and prepare to make an offer - tax records, permit history, market analysis all help decide what you should offer
- Make an offer .... the paperwork takes about an hour - we'll explain the entire contract and we'll help you fill in all the entries in the Colorado Real Estate Commission approved contract form
- Negotiation ... if you've agreed that you want us to be your advocate, we get to work trying to get you the terms and conditions you want - we may have to go back and forth between you and the Seller until we reach an agreement
- Under contract! ... Wow, you got the home!!! ... almost. Now we have to get through the contract provisions and take the sale to closing
- The loan process ... The lender is going to want documentation to support the verbal information you've already given him. You should move quickly to get that to the lender so your loan can be processed
- Inspection ... you'll have the right to inspect the property, and we encourage you to hire a qualified professional to do that. We'll explain your rights under the contract if you find something you don't think is right
- Appraisal ... your lender will order the appraisal - the property has to appraise for the sale price or more, or your lender won't issue the loan
- Closing! Woo - hoo! You'll need photo ID and your immediately negotiable funds for any amount you're bringing to closing. In Colorado you usually get the keys to the property at closing. Now it's time to get busy decorating and moving into the new home!!
|
