At Perfect Mountain Home real estate we consider it our privilege to share with you the "ins" and "outs" of buying real estate. From your initial home search to the moment you get the keys to your new home, we will be there, guiding you through the entire process. Below you will find a simplified roadmap of the home buying process.
Finding the right home can be difficult, but with us on your side, you will find the process is quite simple. We love helping both first time home buyers and seasoned buyers locate the right home. See 'A Millennial's Guide to Homeownership' here for more information about affording your first home and the benefits of buy vs rent.
Any major purchase or good investment requires research, careful analysis, consideration and discussion with family members. Purchasing Colorado real estate isn't any different. As a potential home buyer, you may have questions about the area and a list of "everything" you want or need in a property. Determining your budget, the right neighborhood with good schools, minimum number of bedrooms or bathrooms, and outdoor space may come more quickly to mind. However, there are many other factors to think about when buying a home.
Connect with a Perfect Mountain Home real estate agent to discuss your needs and timeline.
Financing your dream property is a critical step to purchasing real estate. How much home can you afford? Have you save enough money for a down payment? Is your down payment large enough to avoid mortgage insurance? Mortgage lenders will look at your debt to income ratio to help determine the maximum approved loan amount you qualify for.
Most mortgage lenders require proof of monthly income, which can include pay-stubs, w2 statements, tax returns, and bank statements in order to provide a preapproval letter. Based on estimated purchase price, they can provide you with estimates of closing costs, appraisal fees, homeowners insurance, title insurance, and other expenses so you can get a realistic idea of your budget. If you plan to utilize the home as an investment property, there may be higher down payment requirements.
In the presently competitive market, most home sellers only consider offers that are submitted with a pre-approval letter. Check out our advance mortgage calculator tool, where you can estimate your monthly mortgage payments and property taxes of a conventional loan by entering the property value and interest rates.
For your convenience, we have gathered a list of mortgage broker who service Summit County here.
Explore our local communities and search homes throughout the Summit County area to get a feel for pricing and features. Our website makes it quick and easy to search all homes on the mls. Use our quick search options in the sidebar, advanced search tool, or map search. Create a market report for the towns or neighborhoods to see recently sold, pending and active listings. your real estate agent can provide you with market statistics such as average days on the market, sold % of asking price, and other market conditions. Save favorite listings and sign up for email alerts when new homes that meet your criteria come on the market. We would love to help you set up email alerts, generate market reports, or schedule a private showing whenever you are ready to start viewing homes! Contact us today!
Be sure to check out the Definitive Guide to Living in Summit County for more information about the pristine mountain communities in Summit County, business, jobs, education, restaurants, nightlight and more!
Perfect Mountain Home works with several trusted referral partners in the Denver and Boulder, Colorado area to create a seamless experience for our clients. By partnering with a few, highly experienced and hand-selected, agents representing local areas, we can ensure our clients receive unparalleled service and attention. Learn more about our referral partners here. Browse Front Range real estate listings here.
Do you need to sell your current home prior to purchasing a new house? Your real estate agent can assist you with finding your home value and listing your home for sale. By providing you with a home valuation report for your current house, with a complete market analysis, you will get information about the current equity in your own home. Download our Free Buyers Guide for more information.
As your real estate agents, we will work with you to help you throughout the entire home buying process and find the best Summit County home to suit your needs. If you are competing for a home and need to write a backup offer or have contingencies (related to home inspection or other financial terms), we can help you with that as well. The seller's agent will present all offers to the seller and the seller will choose which one they want to accept. Once you and the seller agree to the purchase price for the property, the buyer will transfer the earnest money to an escrow account where it will be held during the contract negotiations until closing.
Congratulations, you are have made it this far! The next step is understanding the purchase contract and important deadlines. The contract specifies a timeframe for obtaining financing and inspecting the property. This step in the process sounds scary, but your real estate agent will work closely with you to ensure that all deadlines are followed and that you are aware of all of your contract rights and responsibilities.
During escrow, your agent will manage the entire due diligence process and assist you in ordering an inspection, an appraisal, and reviewing the final terms of financing by your lender. Your agent will discuss findings from the inspection and assist you in any other issues that may arise before closing.
The closing is the transfer of funds and property ownership and is usually completed by the title company or an attorney.
Congratulations on buying a new home!
If you have more specific questions about buying a home in Colorado, we would love to help! Email us today or call us directly at 970.368.2799 for more information on any Summit County houses for sale!
Not seeing a home that meets your needs?
Contact us today to find out how we can be of assistance to you!