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5 Tips For Buying A Home In The Fast Paced Denver Market
Dated: February 26 2017
1. Get a REALTOR.
This is the most important step! Your REALTOR is your ally and advocate. They work with you to find a home. More importantly, they will help manage the nuts and bolts of your home search. They schedule your showings, handle the paperwork, and usually have snacks and water in their car if you're feeling hungry.
2. Get Pre-Approved for a Mortgage
It is the rare person who can just buy a home for cash. Most of us need a little help. That is where a mortgage comes into play. Mortgage is the name for the loan on a home. Without pre-approval, you have no idea how much you can realistically afford. Once you are pre-approved, you are also better equipped to act quickly.
3. Prepare to Act Quickly
Homes in Denver can sell in a less than a day. That means if you see a home online that you like, you need to act quickly. Make sure that you have allowed yourself time in your schedule to see houses. Make sure you have a few weekday evenings free, especially. Tell your employer, so that they know what is going on. That way you won't get called into HR for taking personal calls or short lunches, so that you can leave early. Also, make sure you get necessary paperwork signed as soon as possible after your REALTOR has sent it to you. Every minute counts in Denver Real Estate!
4.Mentally Prepare Yourself for the Home Buying Journey
You will have a lot of new information thrown your way during the process. Also, you will be expected to act quickly and be decisive. This can be a challenge for many people. Take some time to psych yourself up for the home buying journey. Remember: you are making an important life decision. Change is hard, so it will be exciting, but it is ok to feel like it is also scary and daunting. You can do it!
5. Be Pleasantly Persistent
You may have to put in a few (or more than a few) offers on homes until one gets accepted. Also, inventory of homes available for sale is substantially lower than this time last year. So that means there are fewer homes, with more buyers vying for them. It doesn't mean that your agent is not working hard to find you that perfect home. It just means that you need to be persistent and very pleasant to listing agents. You catch more flies (or in this case homes) with honey.
Click below to begin your home buying journey!
My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....