Deciding to buy a home is a thrilling and significant milestone, especially if you are venturing into homeownership for the first time. You may find yourself filled with questions about how the home buying process unfolds.
With my extensive experience as a REALTOR® spanning over three decades, specializing in the Cañon City, Colorado real estate market, I am here to demystify this journey for you.
To assist you in navigating this exciting venture, I have meticulously crafted a comprehensive guide tailored to the unique aspects of buying a home in Cañon City. This guide is more than just a step-by-step manual; it's a collection of insights, tips, and strategies honed from decades of experience in the field.
It is designed to not only answer your questions but also to provide you with a clear roadmap, ensuring you feel confident and well-informed at every stage of the process.
Whether you're looking for a cozy starter home or a spacious family residence, my goal is to empower you with the knowledge and tools needed to make informed decisions, turning the dream of homeownership in Cañon City into your reality.
Let's embark on this journey together, with the assurance that you have a seasoned expert by your side every step of the way.
Your Guide to Buying a Home
- Get Pre-Qualified
The first step in the home buying process, even if you already own a home, is to get pre-qualified and have your credit report pulled. Getting pre-qualified only takes about 15-30 minutes and it will tell you exactly how much you can spend on a new home, how much money you will need out of pocket and your credit report will identify if there are any issues that need to be worked through before you can buy.
We work with the best mortgage professionals in town so if you need a recommendation, don’t hesitate to ask us for a referral.
- Your Ideal House
Before you start looking at houses, make a list of “must haves,” such as location, floorplan, minimum number of bedrooms and bathrooms that you require. Also, create a list of features you’d like the home to have but are willing to compromise on, such as fireplaces, walk-in closets, or mountain views.
If you have a significant other make sure that you’ve come to agreement on what is a must have versus what is nice to have. Once you’ve got your list together we can setup an automated search that sends you the homes that match your criteria as they come on the market.
- Look at Properties
As you identify homes that pique your interest, call us and we’ll schedule appointments with the homeowners to look at them.
- Make Your Offer
When you’ve found “the one”, I’ll prepare a market analysis of the property to determine what is the right price to offer based on current market conditions. This step is important to ensure you don’t overpay for the home. Then, I’ll work with you to prepare an offer, explaining the Colorado real estate contract, the details of what you are offering as well as all of the contingencies.
After we’ve negotiated the contract and your offer is accepted my team and I will go to work to make sure that all of the dates and deadlines in the contract are met. This includes sending the contract to your lender, reviewing all of the documentation related to the house, ensuring that the inspection, appraisal and loan contingencies are done on time and negotiating any issues that arise as we go through the purchase.
- Get an Inspection
Once you are under contract, you will want to have your home inspected to look for issues that may not be noticeable to the untrained eye. Even brand new homes should be inspected. Inspectors in Colorado are not licensed or regulated but many good inspectors are either ASHI or NAHI certified. If you need a recommendation, my team and I work with many reputable inspectors and are happy to refer them.
Once all of the contingencies are met and your loan is approved, we’ll go to closing. Prior to the closing we’ll do a final walk through of the property to ensure any inspection items were taken care of and to ensure the property is in the same condition as when you wrote your offer. At the closing of the sale, you’ll sign the loan documents and real estate purchase documents. Closing typically takes about an hour and then you get the keys to your new home.
The whole process from the time your offer is accepted until the time you close can typically be done within 30 days but you’ll want to allow more time to ensure your lender can accommodate a 30 day closing.
We hope that this high-level overview of the home buying process has been helpful to you. If you feel like you now have more questions than when you started don’t hesitate to call us. We are happy to help you understand the nuances of buying a home.
Buying a Home in Cañon City, Colorado
If you’re ready to buy a home in Cañon City, or anywhere in Fremont County, Colorado, we are here to help you. Our home buying services include helping you to:
- Find the Right Lender
We guide you through the process of selecting a mortgage lender that best fits your financial situation. This includes assessing various loan options, interest rates, and lender reputations to ensure you secure a mortgage that aligns with your financial goals and capabilities.
- Find the Perfect Home for Your Budget and Lifestyle
Our service is tailored to align your budget with your lifestyle needs. We consider factors such as location, property size, community amenities, and future resale value. Our aim is to find a home that not only fits your financial constraints but also enhances your way of living.
- Determine a Negotiation Strategy
We develop a customized negotiation strategy based on market analysis, property valuation, and your priorities. This strategy is designed to position you favorably during negotiations, ensuring you achieve the best possible terms and price for your new home.
- Prepare, Submit and Negotiate an Offer
From drafting your initial offer to handling counteroffers, we oversee every aspect of the offer process. We ensure your offer is competitive yet fair, and we skillfully negotiate terms that protect your interests, helping you move one step closer to owning your dream home.
- Work Through the Contingencies of the Contract
We meticulously manage all contract contingencies, such as home inspections, appraisals, and financing. Our expertise in this area ensures that each contingency is met satisfactorily, safeguarding your investment and facilitating a smooth progression to the final stages of the purchase.
- Get to the Closing Table
Our ultimate goal is to guide you to a successful closing. We coordinate with all parties involved - lenders, inspectors, appraisers, and attorneys - to ensure all necessary paperwork is complete and accurate. We'll be there to assist you through the final steps, from reviewing the closing documents to the handover of keys.
No matter if you’re a first-time home buyer, looking to buy a second property, or need a home to spend your golden years, my team and I will be right by your side to help you find your perfect home. Call my office today to get started buying your Cañon City home.