The 5 Steps of Buying a Home
Step 1 - Priorites
What do you want in a home and how quickly do you want to acquire one? Make a list of what is most important to you. Do you want to be close to work? Are you concerned about the schools? What is more important, a quiet neighborhood or your proximity to transportation centers and shopping centers? Is size more important or is the age of the property more important? Research neighborhoods and determine where you will feel most comfortable as you will be associated with the neighborhood.
Step 2 – Qualify
After you determine what you want, find out what you can afford financially. A mortgage company will pre-approve you, which will increase your chances of being considered a choice buyer by the seller. Don’t forget to consider the taxes of an area when deciding what you can afford.
Step 3 – Search
Most homes are found on the internet. By registering on the website at Cherry Creek Properties (cherrycreekpropertiesllc.com), your agent will be able to keep you up to date on new listings and the latest price reductions. The thousands of listings found on our website are the same listings that Realtors see. We have a direct connection to the Denver area MLS. You can drive around neighborhoods, read local publications and visit the Chamber of Commerce to determine which location best suits your needs. When you visit a home with your agent, take note of the outside as well as the inside of the prospective home. Take notes or flyers and be ready to make a decision when the right house comes along. Don’t be afraid to make a second visit to confirm your first impressions.
Step 4 – Contract
You have found your dream home. Educate yourself on our website and do the analysis to see what the home is worth. Your agent will help you determine the offering price. He/she will review recent sales of similar homes in the area and a contract will be written to reflect the findings. You will negotiate various items in your contract like fees, amount of earnest money, necessary repairs, landscaping and settlement date. Decide which of these items are most important to you, so you can be flexible and come to a reasonable agreement with the seller.
Step 5 – Close
Your real estate agent will help you acquire vendors to complete necessary steps such as home inspections and obtaining title insurance. Once your checklist is completed, the legal transfer will take place. All of the required documentation will be completed with your agent and he/she will inform you of the closing costs. By letting you know what to expect you will feel secure in the fact that you made the best choice with an agent from Cherry Creek Properties. Congratulations, you are ready to go forward and facilitate your plans to move. You made the right decision with an agent from Cherry Creek Properties to assist you.
Cherry Creek Properties is your best choice!
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