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Julie Montgomery's Blog

By Julie Montgomery | Managing Broker in 80126

Are you using the internet to find a home?

Do you know that 92 percent of all potential home buyers begin their search for a home on line?

Though the internet is an excellent resource for gathering information, most websites aren't accurate and don't provide the "full" story on the property's availability.

As a buyer's specialist in the Denver, Colorado, area, you are plunging into a VERY strong seller's market. Homes that are priced correctly and in good conditon sell quickly -- usually in days but in many cases -- within hours. It is not uncommon to have bidding wars, espeically on properties listed between $200,000 and $300,000.

Here are a few tips from Andrew Gallegos, senior loan officer for locally owned and operated Fairway Independent Mortgage in Littleton, CO, about buying a home.

"I’ve closed thousands of loans in Colorado in the last 15 years, and in that time I‘ve learned there are two things you must do to successfully navigate this process. First, you must pick the right Real Estate Agent, and that’s not as easy as it sounds. Second you must get your loan pre-
approved, before you shop for a home," said Gallegos.

When you're ready to start your home serach, please know that all realtors are NOT created equally.   Here are three important qualities when deciding to hire a buyer's agent when you are ready to buy a home (fyi, there is never a fee to hire a buyer's agent to represent your best needs in Colorado -- commissions are always paid by the seller).

No. 1:  Select an agent who sells real estate full-time, not someone who has another job or works part-time.  Considering buying a home is the most important financial decision you'll ever make, hire a professional who will represent YOUR best interests.

No. 2:  Select an agent who is more concerned about you than getting their next paycheck.   FAnyone can show propety, but find a realtor who makes sure your needs come first.  For example, when you find a home you love, a buyer's agent is responsible guiding you through the process and write an offer that a seller will accept.  That is much easier said than done, and it takes years of experience to fully understand Denver's competitive real estate market.

No. 3: A good buyer's agent will advise you to speak to a lender before you begin shopping for homes.  This is CRITICAL to your success.  An agent who is eager to show you homes before being pre-approved for a loan is a recipe for disaster.  How can you buy something until you can you can afford it?.

For more information on hiring a buyer's agent and getting pre-qualified (this process is 100% free and without obligation) at www.jmontgomery.coim.

Julie Montgomery
RE/MAX Masters, Inc.


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