Tuesday, June 20, 2017

4 Home Buying Secrets YOU Need to Know

As a first time homebuyer, you'll be taking a big step in your life and possibly making one of the biggest (and more expensive) decisions of your life. Because of this, you'll want to make sure that you know what you're doing, and do plenty of research ahead of time. You will also want to find a real estate agent in Colorado Springs that you trust - as you'll be relying on them for important paperwork to be completed, and communication between you and the sellers. Here are a few secrets we think you should know about as you venture out into this home buying adventure.

1. Know What You Can Afford
This may seem trivial, but it's vitally important before you start your home search to know exactly what you can afford. This doesn't mean that you try to figure out the cost of your mortgage on your own, and decide what your monthly payment should be with a basic calculator. This means that you take all of the required documents to your lender and ask them to figure everything up. This will include an estimate on things you may not have considered like the closing costs, down payments, and more. Only after you've figured out the price range can you successfully find the home of your dreams.

2. Think With Your Head Not Your Heart
We realize that it's easier said than done, especially when you drive down that beautiful driveway and it opens up into a clearing with the home of your dreams - but it's vital that you not get attached right from the start. Keep your head in the game, and realize that, while we're going to work our hardest to secure the perfect home for you, sometimes things will come up that can't be predicted. Sometimes a seller will change their mind about the sale, sometimes there will be unexpected challenges like lens and road agreements that you aren't able to work with. Sometimes your loan just can't pass on a specific property. These are just a few of the things that you may run into - and if you operate with your head, it can make the process a bit easier to navigate.

3. The Home Inspection is Vital
This isn't just a luxury, it's imperative. When buying a car, have you taken the vehicle down to the mechanic to have it looked over? A car is a small purchase compared to a home, and having a professional look over your home is even more important than having them look at your car. Many issues can be avoided by having your home inspected by a professional who knows what to look for in a Colorado Springs home.

4. Focus on the Priorities
It's important to decide what is the most important to you in a home from the start so that you can stay focused through the searching process. Do you want to have a home in a certain neighborhood? Make sure you start looking there first. Do you need a specific square footage to accommodate your family or small business? Keep that in mind as your narrowing down the search. It's important to focus on the priorities and not get distracted by the brand new kitchen, the hardwood floors, or the decor that won't even stay when you buy the home.

Your Colorado Springs Real Estate Agent
We realize more than anyone how confusing buying your first home can be. There are so many questions you may have, and you need to be able to trust that your real estate agent has the answers (or can at least find them if they don't know). I have been involved in real estate in Colorado Springs for over 25 years, and not only that, but I'm a Colorado native, so I am very familiar with the area and what to look for. Trust me to assist you in the purchasing of your first home - I want you to #LoveWhereYouLive.

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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