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Colorado Home Buyers

Buying a home is a big decision

Apply for your home mortgage online:

Wells Fargo online Mortgage application

Before a buyer chooses a home, they choose a community. Let a Colorado Real Estate Professional help you with your Colorado Real Estate purchases. We provide expert advice on Colorado Real Estate areas, and can get you information about your local area schools, concerns, as well as answers your questions. Most everyone begins their home buying search online, but when it is time to go driving around looking at homes, you need an experienced aggressive real estate broker. Allow us to get you the best price, watch out for your interests, answer your questions, and pre-view the homes you may be interested in.

4 things to know about credit reports

1. Identifying Information - name, date of birth, social security number, current and past addresses, employers and phone numbers. Verify that this information is correct.
2. Credit history - You'll find the creditor's name and account number. for each account, you have when it was opened, the kind of credit, whose name the account is in, the amount of the loan, how much is owed, the account status and how well you paid the account.
3. Public Records - You would like this part to be blank. This isn't your criminal or driving record. This just relates to financial information like bankruptcies or tax liens.
4. Inquiries - "hard" inquiries are ones you initiate when you fill out your mortgage application. "Soft" inquiries are one from companies that want to send promotional information, like those prequalified credit cards you receive in the mail. Soft inquiries do not affect you credit report. Hard inquiries can lower your credit score, but probably won't.

Relocating to Colorado?

Especially for those relocating to Colorado in the Denver Metro area, you may have limited time in which to view homes, we can make the most efficient use of your time. With Colorado Home Foreclosures running near an all time high, buying a home in Colorado involves more than just finding the right neighborhood, you want to be sure that you are getting good resale value. There may seem to be a lot of good deals out there right now, but you need to be careful!

The Top Ten Mistakes made by First Time Home Buyers

Even with the new Stimulus plan and the $8,000 Home buying Tax Credit many first time home buyers make some common mistakes. 

1. Not being aware of How Much House you can Afford. - First of all, you need to get pre-qualified by speaking with a competent Mortgage Broker.  Otherwise you may waste time and fall in love with a house you cannot afford.
2. Not using a Good Buyers Agent (Broker). - Buyer's Agents have a fiduciary responsibility to the Buyers exclusively and should be looking out for your best interest only.
3. Assuming Foreclosures or Short Sales are great deals. - Just because a previous homeowner trashed a house, or overpaid for it and the bank now owns it does not mean it's a good value now.  Consider repair costs, the lack of a sellers warranty, and the 'as is clause' that most banks use when selling a home to evaluate your financial risk.
4. Underestimating Homeownership costs. -  Figure on spending 1% per year on upkeep for a home.  Furnaces, lawns, water heaters, all these things cost money.
5. Failing to budget for Property Taxes. - Again, check with your buyers agent or mortgage broker to make sure these costs are accounted for in your budget.
6. Expecting your first offer will always be accepted. - Especially with lower priced homes, there may be mulitple bids. 
7. Skipping the Home Inspection. - Never, Never, Never do this!  You risk saving a few hundred dollars and costing yourself tens of thousands!
8. Buying too much, too soon. - Once you move in, do not feel like you have to make the house 'perfect' right away.  Make your changes over time.
9. Not including contigency clauses in your contract offer. - Again, a good buyers agent should be able to take care of these for you and explain them and their need to you.
10. Letting the Selling agent know your true feelings. - If you talk directly with the selling or listing agent, your jeopardizing your negotiating position and representation options.

How big of a home do you want or need?

For the past three decades, bigger has been better for buyers of new U.S. homes.
Average home sizes have soared by more than 50 percent since the early 1970s, while the number of people in . . . (Read More)

What is a Short sale? - Short sales have increased
As the number of borrowers falling behind on their mortgage payments climbs to the highest level in five years, the number of “short sales” is increasing. In a short sale of a home, a lender allows the property to be sold for less . . . (Read More)

Finding a good real estate agent
The next step is to find a good real estate agent or real estate broker here in Colorado. This doesn’t necessarily mean the agent who sells the most property. Your agent should be ethical, professional, trustworthy, . . . (Read More)

A closer look at home ‘curb appeal’

Examine the landscaping before buying a house, even if it's gorgeous at first glance.

An infestation of carpenter ants signaled the demise of a shade tree in Doug Cowles' yard almost 20 years ago when he lived in Downers Grove, Ill. In retrospect, he knows he should have given the trees a better look . . . (Read More)

Commonly used Real Estate Terms and Glossary

Here are some commonly used real estate terms and a Real Estate Glossary for Colorado. These are words you will see in a listing contract or offer. Please contact us directly if you have any additional questions about any of the terms you see here.

New Home Builders in Colorado

Below is a list of some of the larger Colorado new home builders that we work with. It is always in your interest to be represented by a real estate broker in a new home transaction. There is no additional cost to you the buyer, and you will have an advocate working for your interests only with your new home purchase.

Bellagio Custom Homes | Berkeley Homes | Bill Most Custom Homes | Capital Pacific Homes | Centex Homes | David Weekley Homes | DR Horton Homes | Engle Homes | John Laing Homes | KB Homes | Lennar Homes | Meritage Homes | Taylor Morrison Homes | Oakwood Homes | Pulte Homes | Richmond American Homes | Ryland Homes | Sheffield Homes | Shea Homes | Standard Pacific Homes | Toll Brothers Homes | Village Homes | Woodcrest Homes

If you do not see your builder listed here, please contact us. Also, many of the custom Colorado home builders are also not listed here.

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