The Essentials for Buying a Home, by Jeff Hansen, Littleton, Colorado

1. Do not over spend! That is what many folks did during the last “housing bubble.” Be sure that you don’t feel “house poor” after closing.

2. Know your motivation for buying. This will certainly come in handy when trying to choose = between one or more properties.

3. Determine if an HOA is important. Some homeowners want to give up some of their decision-making to the HOA, common area maintenance, building repairs, amenities, etc. Some people want more rights and less amenities. What side of the fence are you on?

4. How’s your credit? Credit ratings are used to find the best fit for you when it comes to loan options. A reputable, successful loan officer will be able to explain your options based on your personal situation. Like Rebecca Hansen of Guild Mortgage, (303)884-8481

5. Find out as much as you can about the motivation of the seller. Your Agent better be able to know how to do this. This is crucial to how you approach the offer-making process.

6. How’s the competition? In every price range there are different absorption rates, inventories, and motivations. This is another “must know” by your Agent. Knowing this information will also be crucial to how you make an offer.

7. Get an inspection. After the negotiation, you have the opportunity to make sure you are getting what you have agreed to pay for. Plus, this is another opportunity to re-negotiate the deal!

8. Work with a experienced agent. Like me! Jeff Hansen of RE/MAX Professionals

Happy house hunting.

Investing in the real estate market has risks and is not for everyone. I am, by no means, suggesting this is for you. I am a trained professional, I do this for a living. If you would like more information regarding real estate investment, just let me know. You can also consult your accountant, attorney, Priest, Pastor, or Rabbi about the risks involved in investing. I am, however, available to answer your real estate related questions.

 

About Jeff Hansen, Realtor in Colorado

Search for homes here; www.jeffhansen.remax.com for FREE. Licensed Real Estate broker with RE/MAX Professionals at 10135 W. San Juan Way, Littleton, Colorado 80127. I have been a Realtor Since 1992 and provide Free Real Estate Advice Realtor in Littleton, Colorado and the Metro Denver Area, A Real Estate investment company focusing on the buyers and sellers of homes, also including fix and flips and rental properties, Listings and all sales of realty. (303)794-4530 Disclaimer I will not receive any compensation or take on any liability because of any conversation on this or any related web page w/o any written brokerage agreement. And there will be no relationship actual or implied because of any conversation on this or similar pages. No written agreement, therefore. AND Differ from state to state, so check your state's rules.
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