A Beginner's Guide to Home Buying
While there is much more to this topic than we could possibly cover in one blog, the MacGuire Team knows how intimidating buying your first home can be. We want to help take some of the fear out of your new decision with a few basic things you'll need to know as a beginner. Our team has been providing the best real estate in Colorado Springs for over 25 years, so we have a few things to offer when it comes to buying your first home. Here are 5 things to remember as you venture into the home buying process, and how our team can assist you.
Loan Pre-Qualification
It's important to establish how much you are comfortable with spending on your first home before hitting the streets. In fact, if you don't know how much you're willing to spend per month, it can make searching for your home more challenging. You could fall in love with the first home you see, but realize that it's WAY over budget. We recommend talking with a mortgage lender before you start the home search process, and nailing down an appropriate price. From there we can help you find the home of your dreams. If you don't know of any local lenders, visit our website for our favorite mortgage lenders in Colorado Springs!
Assess Your Needs
The next step in the home buying process is to discover what you need in a home. Our team will sit down with you and discuss your desires, lifestyle, needs & dreams. All of these are important to helping you find the right home. Buying your first home in Colorado Springs can seem intimidating, but when you work side by side with a team who you trust - it can make all of the difference.
Tour the Area
Loving the home is important, but so is loving where it's located. There are several different areas to live in Colorado Springs, and depending on where you work and where you want your children to go to school, you may want to live in a specific location. We can drive you through the Colorado Springs communities so that you may identify the areas that meet your wants and needs.
Tour Homes
Now comes the fun part! It's time to narrow down a few homes that meet your needs and visit them. This can be a fun part of the process, but also very emotionally driven. It's easy to fall in love with a home right off the bat, and that can make it hard to realize that it may not be the best fit for you. This is why the Needs Assessment is so vital to your Colorado Springs real estate experience. We can easily go back to your list and see how the different homes compare - helping you narrow down to the perfect one.
Identify the Home
Finally, once you've found the right home for YOU, we research the property thoroughly so you know exactly what you need to know about it before you buy. We will look into the length of time that the home has been on the market. While this doesn't always affect the quality of the home, some homes are on the market for years for a reason. How many price reductions have occurred? How long has the seller owned the home? What did the seller pay for the home? What have comparable homes sold for? What should the seller be disclosing about the home?
You can count on our team to help you discover details about this property that could affect your decision. While we want you to buy a home, we also want you to buy a home that you are 100% satisfied with. By doing some investigating now, we can save you some heartache in the end.
Your Real Estate In Colorado Springs
After you've narrowed down the home, we'll help you put in an offer, finish negotiations, and officially sign your first closing contract! This process can be extremely rewarding, especially when you get to settle into your brand new home. We would be honored if you would invite us into this next big step in your life. Visit our website to learn more about our buying processes, and don't forget to reach out and contact us to start this journey.
It's important to establish how much you are comfortable with spending on your first home before hitting the streets. In fact, if you don't know how much you're willing to spend per month, it can make searching for your home more challenging. You could fall in love with the first home you see, but realize that it's WAY over budget. We recommend talking with a mortgage lender before you start the home search process, and nailing down an appropriate price. From there we can help you find the home of your dreams. If you don't know of any local lenders, visit our website for our favorite mortgage lenders in Colorado Springs!
Assess Your Needs
The next step in the home buying process is to discover what you need in a home. Our team will sit down with you and discuss your desires, lifestyle, needs & dreams. All of these are important to helping you find the right home. Buying your first home in Colorado Springs can seem intimidating, but when you work side by side with a team who you trust - it can make all of the difference.
Tour the Area
Loving the home is important, but so is loving where it's located. There are several different areas to live in Colorado Springs, and depending on where you work and where you want your children to go to school, you may want to live in a specific location. We can drive you through the Colorado Springs communities so that you may identify the areas that meet your wants and needs.
Tour Homes
Now comes the fun part! It's time to narrow down a few homes that meet your needs and visit them. This can be a fun part of the process, but also very emotionally driven. It's easy to fall in love with a home right off the bat, and that can make it hard to realize that it may not be the best fit for you. This is why the Needs Assessment is so vital to your Colorado Springs real estate experience. We can easily go back to your list and see how the different homes compare - helping you narrow down to the perfect one.
Finally, once you've found the right home for YOU, we research the property thoroughly so you know exactly what you need to know about it before you buy. We will look into the length of time that the home has been on the market. While this doesn't always affect the quality of the home, some homes are on the market for years for a reason. How many price reductions have occurred? How long has the seller owned the home? What did the seller pay for the home? What have comparable homes sold for? What should the seller be disclosing about the home?
You can count on our team to help you discover details about this property that could affect your decision. While we want you to buy a home, we also want you to buy a home that you are 100% satisfied with. By doing some investigating now, we can save you some heartache in the end.
Your Real Estate In Colorado Springs
After you've narrowed down the home, we'll help you put in an offer, finish negotiations, and officially sign your first closing contract! This process can be extremely rewarding, especially when you get to settle into your brand new home. We would be honored if you would invite us into this next big step in your life. Visit our website to learn more about our buying processes, and don't forget to reach out and contact us to start this journey.
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
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