When you decide you want to finally buy a Denver home, you need to be sure you are on the right track and ready to go before you begin. Buying a Denver home can be a long, drawn out process but there are steps you can take to make it run more smoothly. Here are steps that you should follow to help you get things in order before buying a Denver home.
How Long Are You Staying?
Buying a Denver home should be looked at as a commitment and an investment. If you aren’t planning to stay awhile then maybe buying a home right now isn’t the right choice. If you don’t see yourself staying put for at least the next seven years then maybe consider renting a home until you are ready instead. Keep looking at Denver properties until you see the one that you can actually see yourself living in for an extended period of time.
What’s your Financing?
Do you have your financing in order? Sit down with your lender and have them pull your credit report from the last year before you even begin the buying process. Find out if there are any negative things on your credit report that need to be cleared out. Talk to your lender about the risky behaviors to avoid until well after escrow, such as transferring savings around in accounts, and making large credit purchases. Be sure to keep a full-time work schedule and make all bill payments on time in order to keep your finances and credit clean and in order. One other thing you can have your lender do is to qualify you based on your income and credit to give you an idea of how much money you can spend on a home.
Slow and Steady
You need to do as much research as you can about the Denver area and the property you are interested in. The Denver home buying process should be viewed as a marathon not a race, so take your time. This is the biggest purchase you will make in your life so you need to be sure it’s right because once you close escrow there’s no turning back.
Keep it Real
Keep your wits about you and stay realistic about this process. Deals that seem too good to be true probably are. It’s easy to get caught up in a home that seems to be going for next to nothing, but remain realistic and look for the problems the home may have that you aren’t seeing.
The most important thing to remember when beginning the Denver home buying process is to do your research and know what the process really looks like before you get started. A home can be a great long-term investment if you’re prepared for all that buying it entails. When buying a Denver home, have a plan, a good agent, and stay realistic and you’ll come out on top of the home buying game.