Congratulations on your decision to buy a house! I hope I can help you understand how the process works in Colorado, whether this is your first home or your twentieth. Even if you're just thinking about it, or dreaming for the future, feel free to call or email me with any questions that don't get covered in my posts. I'm a very good communicator, I check my email several times a day, and I always answer my phone if at all possible.
I'll outline the steps below, then write a separate post for each step. That way, you can skip the ones you're already familiar with. (See - I'm already thinking about how I can save you from wasting your valuable time!)
1. Choose a real estate agent and set up a game plan
2. Visit a lender and get pre-qualified
3. Start viewing properties
4. Pick one!
5. Work with your agent to structure the offer, and to respond to the counteroffer if you get one.
6. Review all documentation received and 'object' to any unacceptable conditions before the contract deadlines. This might include title work, HOA documents, seller disclosures, other reports.
7. Either in conjunction with step 6, or after everything gets worked out (depending on your time frame), schedule the inspection.
8. Negotiate any issues that are uncovered at inspection, or terminate contract.
9. After inspection resolution, notify lender to order appraisal. If appraisal comes in below contract price, enter into negotiations with seller or terminate contract.
10. Work with your lender to get full loan approval.
11. Closing!
Sounds so easy, right? Well, maybe not. But remember, I'll be with you every step of the way.
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