Step by step:
Meet with you to discuss your needs and goals, and to plan your property search.
The first step in any home search is finding out exactly how much you can afford and securing the financing to make the purchase. While you can get a rough estimate through pre-qualification, taking the extra step to obtain pre-approval will give you some added advantages.
When you find a Denver home you love and are ready to make an offer, your mortgage pre-approval lets the seller know that you're serious and fully prepared to buy their home, putting you in a stronger position than other potential buyers.
Here are some of the documents that you will need to provide your lender to get the pre-approval process started:
● Current pay stubs, usually for last two months.
● Bank statements
There are many factors that influence the market value of a home. We will give you the insight and information you need to make an offer you're comfortable with. Some of the factors to include:
Once the offer is written, I will present it to the seller's agent. At that point the seller can accept your offer, reject it or counter it to start the negotiation process. We will work with you to plan a strategy to ensure the most advantageous terms and acceptable pricing for you and your budget.
Closing on your home.
Once your offer has been accepted, the closing process begin. Here are some of the typical steps involved.
Most property sales are contingent on the results of home inspection, which is paid for by the buyer. The inspection typically occurs within 10 days of offer acceptance, and includes a review of the home's exterior elements like the roof, siding, trim and windows, as well as kitchen and bathroom fixtures and appliances, and major systems like heating and cooling, plumbing and electrical.
If defects are discovered during the inspection, you may exercise the remedy described in your offer to negotiate with the seller to determine what repairs will be made.
This is a historical review of all legal documents relating to ownership of the property to ensure that you purchase title insurance in case the records contain errors or there are mistakes in the review process.
As a standard part of the mortgage process, your lender will order an appraisal report to ensure that the loan will be guaranteed by the home's value.
If it's requested in the contract, you'll be given the chance to look at the home to make sure it's in the same condition as when you signed the sales agreement.
In addition to your deposit and down payment, there are a variety of other costs involved in closing including: