FAQs About Buying Real Estate
If you are a first-time homebuyer, it can often feel like you aren't really sure what happens next. That's why you want to work with the best real estate agents in Colorado Springs. We can help you select priorities in a home, learn if it will be a good fit for you and your family, and then walk you through all of the details that come with closing on a home. You are not alone in this process, and we're here to make it as easy as possible on YOU. No matter how easy we try to make it, there are still questions you may have. Here are some frequently asked questions about Colorado real estate to help get you started.
Is buying a newer home better than buying an older home?
This is primarily up to personal preference. There are advantages and disadvantages to either, and you can rely on your Colorado Springs real estate agent to help you learn about those when you walk through the home. A new home allows for potential customization, newer updated style and room layouts that could be more updated, like a media room. Buying an older home can have nice benefits as well. It's likely that the price will be lower because of the age, and most of the maintenance and landscaping will be done because the previous owners have had time to do them. There are disadvantages to both as well, but your real estate agent can work with you on those.
What is the difference between a listing agent and a selling agent?
A listing agent is generally the person in charge of selling and listing your home. They will put it up on multiple listing services (MLS), and hence be responsible for the selling of your home. The selling agent (or buyers agent) is going to be the person who helps you buy a home. While some real estate agents will do both, they primarily choose one or the other to work in.
What are "closing costs"?
These will be the costs that are incurred during the selling of the home. They can be from the buyer or the seller, but can occasionally be worked into the mortgage. These are details you'll want to work out with your real estate agent, and your mortgage agent.
How much will I need to take care of through the process?
While we will need certain things from you by way of paperwork, questions answered, etc, we want to make the process as easy as possible on you. Because of that, we take the hassle out of buying a home, and we keep track of the timeline that things need to be done by, who needs to be contacted and much more. Your real estate agent and mortgage agent will both work together to help make this process as smooth as possible for you.
How do I know if I'm ready to buy a home?
This can depend on many things but here are a few key factors:
Hire the Best Real Estate Company in Colorado Springs
This is primarily up to personal preference. There are advantages and disadvantages to either, and you can rely on your Colorado Springs real estate agent to help you learn about those when you walk through the home. A new home allows for potential customization, newer updated style and room layouts that could be more updated, like a media room. Buying an older home can have nice benefits as well. It's likely that the price will be lower because of the age, and most of the maintenance and landscaping will be done because the previous owners have had time to do them. There are disadvantages to both as well, but your real estate agent can work with you on those.
What is the difference between a listing agent and a selling agent?
A listing agent is generally the person in charge of selling and listing your home. They will put it up on multiple listing services (MLS), and hence be responsible for the selling of your home. The selling agent (or buyers agent) is going to be the person who helps you buy a home. While some real estate agents will do both, they primarily choose one or the other to work in.
These will be the costs that are incurred during the selling of the home. They can be from the buyer or the seller, but can occasionally be worked into the mortgage. These are details you'll want to work out with your real estate agent, and your mortgage agent.
How much will I need to take care of through the process?
While we will need certain things from you by way of paperwork, questions answered, etc, we want to make the process as easy as possible on you. Because of that, we take the hassle out of buying a home, and we keep track of the timeline that things need to be done by, who needs to be contacted and much more. Your real estate agent and mortgage agent will both work together to help make this process as smooth as possible for you.
How do I know if I'm ready to buy a home?
This can depend on many things but here are a few key factors:
- How long have you had your job?
- How much debt do you have?
- Have you saved for a downpayment?
- Can you pay for a mortgage along with your other debts?
If you answered yes to these questions, there is a good chance that you'll be ready to buy your own home.
When you're ready to buy your home, it's important to work with a real estate agent you trust, and who will help you make the right decisions along the way. My team and I would love to help buy a Colorado Springs home, and help to make the transition into this new part of your journey exciting and smooth. Visit our website today to learn more about buying a home in Colorado Springs!
Mike@BuyWithMike.com
Mike MacGuire
Colorado Springs Real Estate Agent
The MacGuire Team
6760 Corporate Dr
Ste 300
Colorado Springs, CO 80919
719-536-4324 or 719-660-6793
Mike@BuyWithMike.com
Comments