Step Five: Learn About the Neighborhood

Once you have visited a variety of properties and decided which properties you feel you would like to make an offer on, we will prepare a detailed report for you on the neighborhood for that home – just to make sure you are knowledgeable on all aspects of the home (and neighborhood) you wish to buy. The report, at minimum – data permitting, will include the following up-to-date information: neighborhood demographics, public and private schools, climate reports, houses of worship, by denomination (if requested), proximity maps to shopping centers, country clubs, museums, schools, etc, and comparisons with other neighborhoods you choose to look at (locally or nationally).

Step Six: Make An Offer

In Colorado, licensed Real Estate agents are authorized by the Colorado Real Estate Commission to prepare contracts to purchase real estate if the forms used are approved by the Real Estate Commission. Once you decide which house you wish to place an offer on, you will have many decisions to make including: purchase price you wish to offer, financing terms including cash down payment, earnest money deposit, type of loan, interest rate and pre-approval letter, time period for inspection of property, contingencies you wish to include, time period for loan approval, setting the date and time of closing, presenting the offer to sellers and negotiating and finalizing any terms and conditions which the sellers may wish to modify from the original offer presented to them through a counter-offer. Through this entire process, offering and negotiating the purchase offer, we will work closely with you to maintain timely responses and provide market-savvy answers to questions as they come up.

Step Seven: Due Dilligence

Now that you have a negotiated agreement, the clock starts running for many items needed ot meet the requirements of the agreement and your protection. We will assist you finding qualified responsible professionals to do most of these investigations and provide you with written reports. Specifically, you will want to have an inspection of the property for such things as: the mechanical, plumbing and electrical systems, the foundation, walls, flooring and windows. You will want to see a preliminary report of title on the property to determine any easements or issues of title. Your mortgage lender will require an independent appraisal of the property. Any problems noted during the inspection are subject to additional negotiations between you and the sellers. We will help facilitate this process. If you are not comfortable with the inspection resolution with the seller, you will have the right to terminate the contract, if acted upon in a timely manner.