If you would like more informatiion feel free to send me a message at email@example.com as I would be happy to help you learn more about the program.
Or just call at 970-590-5021
The Colorado Home Buyers Guide (published by Bradford Publishing in Denver) and I teach a class through CFU called ABC's of Home Buying. If you go to my website, you can also request a short handbook on the home buying process (and many other realtors have similar items).
If you feel you have a handle on the process, your next step is to find a realtor you can trust. Your realtor will hook you up with a trusted mortgage lender so that you can figure out what you can qualify for, and if there are steps you need to be taking now to be able to get a loan down the road.
Not sure what you know about CHFA or why it came up in your questions. CHFA is a resource if you need financial assistance. They have some great programs if you qualify, but that may or may not be for you.
I would be happy to help you. Of course, if there is a realtor you already know and trust, you should contact him/her.
Ideal Properties of Denver
First, don't just look at foreclosed properties. They might be the best deal, but you don't know for a fact you won't find something better so keep all the options open.
Second, don't get emotionally attached to a home. You need to be able to make a thoughtful decision about what you would pay, so don't get overly excited and end up paying more than you should.
Third, look at several homes. I say this with a caveat - sometimes, your agent will find you the best home the first time out. You need to work with an agent you trust, and who will give you good advice. If your agent is 'wowed' by what a great deal a house is, even if it's your first time out, pay attention.
However, I feel it is better for buyers to see several homes, so they actually know the market. It's not long before buyers can walk through a house and know whether it's a great deal, or overpriced.
Fourthly - know what your needs are and stick to it. The buyers who are most likely to miss the best deals are the ones who can't make up their mind. Maybe this week they want one area, next week they want to look elsewhere. One week having four bedrooms is the most important thing, the next week a 3-car garage is the most important thing. If you do that to yourself, you never have the focus you need to find that best deal and grab it.
Lastly, be ready to write that offer when you find that best deal possible. Because you won't be the only one who's looking at it, you will need to move quickly. That's why so many of the previous answers advised talking to a lender right away.
I hope this helps - have fun in your search!
Where are you now in the home buying OR Home Ownership process.
I see something like 9 zllion agents responded, so I'm really curious what the best advice was (so I can borrow it and give it to my clients in the future).
The 1st step is to sign up with a competent Real Estate Agent. Family and friends maybe a good resource of information and referrals.
Good Luck!!!!!! Check back in with us to let us know how its going.
Verde Denver Real Estate & Property Management
The first and most important step is to educate yourself about the home buying process before interviewing and choosing an agent. I would suggest that you go to the HUD.gov website and look for "Buying a home" You'll find everything you need there.
I used to live in Colorado and still have some Real Estate contacts there, I'd be more than happy to refer you to someone in my network that will be a good match for you and your needs. Feel free to contact me and we'll go from there.
Have a wonderful day!
You also have to live in the home as your primary residence. If you're going to rent the place out, donâ€™t use the first time home buyer loan. Finally, the home you buy most likely has to meet some physical requirements. It must be in good condition and free from any safety hazards (such as lead-based paint, for example).
Knowing what price range when looking at homes and having a pre-approval letter ready for when you make your offer on that dream home is being well prepared and shows the seller you are a serious buyer. Gives your offer more weight if compared to a similar offer that has a contingency on financing.
Acknowledging what you need in a home, what you desire and where the best place to live before you talk with a realtor is another place to start. You'll have a more sucessful and quicker experience if everyone is looking for the same things before you visit the first house!
Foreclosed properties can be bargains expecially if you can do some work yourself. Be sure to have a good home inspector as the banks can provide no disclosures to inform you about the home.
Good Luck and much success in your search!
The first place to start is obtaining an pre-approval letter for the amount to borrow. See your Bank or a Mortgage Broker for assistance. Secondly, find a REALTOR that you could have a good rapport with; and understands your needs. Also, you want someone who is educated of your market as well as the processes to submit offers efficiently and effectively. Thirdly, if you decided to focus on foreclosure homes, I suggest to narrow your focus to Fannie Mae foreclosures where you eligible to obtain a HomePath Loan. The huge benefit of this type of loan is no appraisal is required. Lately, bad appraisals have killed many deals, and instantly discourage you in the process of trying to appeal them if you need to. Lastly, if you are not on a time table to purchase a home quickly then you may consider looking a short sales in your area. Very often you get a great deal purchasing a short sale, if you go this route then focus on getting an FHA loan to finance it. Lastly, if your buying with CASH then congratulations!!!! Have a great experience-:)
Yes, do interview three to five agents and then select an agent you feel comfortable with - someone with whom you feel listens well and is well-spoken. Experience, how many listings they have and the rest are all secondary.
Here are some good guidelines that you will be helpful.
Foremost in your mind should be determining how much home you can afford. As many people discovered in 2007 and earlier, getting into a home is not even half the battle. As Ron notes, CHFA is a great information source.
You should shop for financing. There is no disagreement here. All of us keep several broker business cards on file. You're in for some really, really good news, too. Depending on your credit, you should be able to land a great rate.
Here are a few additional articles:
PML of Longmont, CO
720 810 0683
CHFA has a lot of good information and some good programs for homeowners. It is certainly a great place to start. As others have mentioned, you should also talk to several agents. The local government where you want to buy may also be a source of information. Here in Boulder, for example, there is a very strong affordable homes program. Some other areas have similar programs. It also pays to shop for your mortgage. Some people assume that all lenders are the same. Nothing could be further from the truth. (And, when you shop for the loan, talk to at least one reputable broker. Brokers can compare a number of loan products and often seem more willing to give advice about improving your situation as a borrower so you get the lowest possible interest rates.) You may be able to save a lot of money over the life of your loan by shopping carefully for the loan that best meets your needs.
If you have any additional questions, please let me know!
Prudential Real Estate of the Rockies
Neeti Chauhan, ABR, ASP, GRI, CNE, eCertifiedÂ®,
Although I'm not in your area, I can tell you there are many great Real Estate Professionals who can make this process a smooth one, as you deserve!
First, seek out 3 reputable companies and interview their top agents. Don't be afraid to ask questions. That is what we are here for! Once you narrow down the one who best suits you and your family, then you can start the process.
You also need to get pre-qualified with a reputable lender as well. I believe the agency can also assist you with locating 3 lenders. On-line lenders won't be able to be right there with you. Sometimes they can get you "so-called" deals...check around the local companies first.
There are many great listings on the market. The foreclosures are not always the best deals. Many homeowners are in need of selling and doing so at rock bottom pricing. While foreclosures can be awesome deals, most are in need of major work. Just be careful. Again, your realtor will be able to give you all the tools, comparables, etc.
Take your time. That is key.
I wish you and your family the BEST!!!
Buying a home is a very exciting time. The process can take you on a rolller coaster ride if you are not prepared.
First I think it is important to "build your team". Find a lender and real estate agent who is not only knowledgable but that you feel comfortable with. These two professionals will be your guides through the process so its important to fell that the three of you are a team.
After that, narrow down what your home needs are vs. your home wants. Be clear, make a list and make sure it makes sense for you and your family. This will help to narrow down your search and get the home you want that much quicker. Doing this will help narrow down t something that is just right for you. For example if you are handy and patient, a forclosure may be good. If you are looking for move in ready then this may not be a number one option.
I hope that helps get you started. If you need further assistance feel free to contact my self or any of the knowledgeable agents here. Godd luck and happy hunting.
Picking a real estate agent; you should interview several realtors before making a decision. Do not solely rely on a referral! Do the work yourself and interview several. Hereâ€™s a short check list of questions to ask & things to consider:
1) The paperwork involved in this process is extremely complicated, having stated this It is important that a Realtor be â€œpracticed at our tradeâ€ pick a Realtor which has completed 15+ transactions the previous year
2) Interview 3-5 full time realtors (very few part-time agents have the same skills as a person who works Real Estate on a full time basis)
3) Ask for a copy of the Realtors credit report before you hire them. This may sound bold but you would be surprised how many are below 600, and then ask yourself do you really want to accept consul on one of the biggest decisions of your life from someone who canâ€™t manage their own financial future? (note: this is not common practice and may offend many, but you are about to spend hundreds of thousands of dollars, do your homework gather information)
4) Once you have interviewed your potential Realtors and if you are still unsure and want a â€œtrail runâ€ sign an exclusive buyers agency for 48 hours with the Realtor and explain if all goes well in the beginning then you will be willing to commit for 3 months.
5) Work with a Realtor which is local to your area. Meaning a 10-20 mile radius, they will know the schools, shopping and the growth potential of the area without having to go look it up!
Before you even start this process consider purchasing the book by Dave Ramsey â€œThe Total Money Makeoverâ€ this will provide valuable information in regard to having a successful financial life & make a prudent home purchase!
Thatâ€™s your list! Good Luck!
Congratulations on your decision to purchase a home. I have to agree that the first place to start is to find a Real Estate agent that you feel will represent your best interest and a mortgage broker. I can provide these services take a minute give me call.
Verde Denver Real Estate & Property Management
Congratulations on making the decision to buy your first home. I teach a seminar on "Buying you First Home" that CHFA regulates. Call me and I will give the presenttion privately to you and your wife. Call me at 303-856-8980.
Basically the first steps are to get a good realtor who knows how to work with first time home buyers and get pre-approved with a lender. I can also give you the name of some lender that I trust.
Foreclosure property can be good options also and having an expert in this area like myself is also important.
Cll me 303.856.8980.
Ethan Besser, CDPE, CNE, IMSD
Certified Distressed Property Expert
Keller Williams - DTC
The Besser Choice in Real Estate!
Congratulations on your home purchase. It is one of the best decisions you will ever make. There are 2 things you need to do first. First, Get a good realtor who works with first time home buyers. Second, get a good lender who knows all of the 1st time homebuyer programs and guidelines. That way you will know what you are getting into and the steps you need to take. The lender will pre-approve you for a loan at a certain amount according to your income, current debts and obligations. You will then be able to narrow down the price range, area, and type of home that will work for you with the help of the real estate agent. Once you have these things in place, you are ready to move forward to finding the home that is 'right' for you.
There are good deals on the market now although depending on the price range you qualify for the inventory of homes may be limited. I have access to all of the available foreclosures, short sales, VA foreclosures and HUD foreclosures as well. Sometimes these 'distressed' homes are a good deal and sometimes not. That is why you need an experienced agent to guide you through process. This way it can be a fun and rewarding experience that can go smoothly from the start to closing on your home. Please feel free to contact me with any other questions or concerns. We are here to assist you with your real estate needs.
Robert McGuire ASR
Your Castle Real Estate
1776 S. Jackson St. #412
Denver CO 80210
Direct â€“ 303-669-1246
Find a lender and Realtor you can trust and they will surely be able to move you forward, in the right direction toward home ownership/
Congratulations on making this monumental and very important decision and my best wishes for your success.
Your Castle Real Estate
I'm not going answer your question because I can't get past your profile picture. I'll assume that's your wedding?! I love it. I just moved to the Cherry Creek school district and have 2 little girls. They typically have cake all over their face too. I help people buy homes and get financing. Let me know if I can help.
The Morgan Group
2. Determine what you need in a home, not necessarily what you want in a home. Make a list of those needs to give to your Realtor. When you are searching for homes you will find that it is very rare to find a home that has absolutely everything you are looking for. If you stick to what you actually need, you will have better success in your search.
3. Research areas/communities that are of interest to you. Determine what things are important such as schools, proximity to shopping, restaurants, and local activities. Drive through the communities to get a feel for what they are like.
4. Learn as much as you can about the process of buying a home. Some local Realtors or lenders will offer first time home buying seminars. If you can find one in your local area it would be helpful to attend. If you cannot attend a seminar, look on the Internet for a home buyers guide such as the one at Bankrate.com - http://www.bankrate.com/brm/news/real-estate/BuyerGuide2004/
5. Select a local Realtor to help you begin your search for a home. You can search Internet sites such as Realtor.com or Homes.com, but a Realtor has access to all of the homes in the local MLS. They can provide you with information on the home, the area and answer any questions you may have. A Realtor can show you properties of interest.
6. Learn about the contract and what is involved. Your Realtor can take you through step by step the process of a contract. After it is signed by buyer and seller, it is called an executed contract. Then you would want to get a home inspection. If everything is fine with the inspection, then you can go forward towards closing.
7. Know what happens at closing. Again, a Realtor can walk you through what to expect at closing. You will need to have money for closing costs such as title search, processing fees, taxes, and insurance.
Buying your first home is an exciting and overwhelming experience. So make sure you are prepared.
Tammy Hayes, Realtor, Green Lion Realty, Port Charlotte, FL firstname.lastname@example.org
Starting the process of looking for a home can be over whelming no doubt. The first step is to find a realtor that can explain the process in detail while also giving you some great literature to read. If you would like to speak about how to get the process started I would be honored to speak with you, no obligation. It's important to know what it is your looking for and what avenues are best suited for you as there are many. Congratulations on starting the process of buying your first home and best of luck!
In Service To You,
Keller Williams Realty / Southlands
The first step would be to speak with a lender. The first thing a real estate agent is going to want to know is, are you qualified for a mortgage and what is your price range.
Depending on the type of loan the lender recommends, CHFA may or may not play a part in your financing.
Since interest rates have come down so far in recent years, lenders I typically work with have been using CHFA less and less. Let me know if you need a recommendation on a lender.
KeyBank and Gateway Mortgage both have great portfolio loans up to $417K that come with no mortgage insurance (which can reduce your monthly payment by quite a bit). The Key loan has either income or location restrictions, but I believe you can use the Gateway product anywhere.
Best of luck,
The first step is to contact a Realtor. Most of us have tons of info we can share with you. Too much to detail in this short amount of space. CHFA may be right for you but not necessarily. It depends on your financial status; credit rating and down payment funds, for example. You're about to undertake an enormous venture and really need an expert by your side. I'd be pleased for an opportunity to work with you.
Metro Brokers - The Realty Werks