The Home Buying Process

    How We Help

    Colorado Team is here to help you find the right home, at the right time. We start by creating a personalized buying strategy based on your schedule and needs in a home. You will be able to control your home search with our pro-grade MLS website that notifies you immediately when new properties are available. We are standing by to show homes to you everyday, even nights and weekends! Our clients get V.I.P service, and best of all, there are no fees for us to help you buy a home.

    • Unlimited saved searches that you can control.
    • Immediate notification of new listings with showings available on the same day.
    • Access to Realty One Group Premier listings before they go on the market.
    • In-House mortgage broker.
    • Certified Negotiation Experts (CNE)
    • 8 years of home building experience.

    House Hunting

    We will send properties to you as they come on the market. When you are ready to view a house simply send us the address and time you would like to see it. We schedule the showings and meet you at the house or pick you up. Most showings take 15 – 20 minutes per house and up to 1 hour if needed.

    Making An Offer

    Once you find a house that you like we will do a Comparative Market Analysis (similar to an appraisal) to determine how much the house is worth, then we will talk to the seller to find out why they are moving and how we can position your offer to get you the best deal. We will prepare the offer, then send it to you for online signatures. No printing or scanning is needed. The offer is submitted with a personal call from us and your lender so that we can present you as the best buyer for this house.

    Earnest Money

    Once your offer is accepted we will deposit the earnest money with the Title Company. This deposit shows the seller you are serious about buying their home. If you cancel during the inspection period or if the appraisal comes in low and we cannot reach an agreement you can get the earnest money back. It is typically 1% – 2% of the purchase price and it comes back to you at closing as part of your closing costs or down payment.

    Home Inspection

    The home inspection period is typically 5-10 days. You have the option to hire a home inspector to review the property and tell you what is in proper working condition, what you should keep an eye on, and what is in need of repair. We can ask the seller to make repairs before the end of the inspection period. The seller then has around 5 days to respond to your requests and tell you which repairs they are willing to make. If you agree then we will move forward. If you do not agree then you can cancel and get the earnest money back.

    Appraisal

    The appraisal determines the market value of the house and it is ordered by your lender. If the appraisal comes in at the purchase price or above the purchase price you do not have to pay more. If the appraisal comes in below the purchase price we will have to reach an agreement with the seller for a new purchase price or change financing terms.

    Closing

    Closing will be scheduled with the Title Company at a time that is convenient for you. Signing the paperwork takes about one hour and you can take the keys with you!

    Frequently Asked Questions

    Q. How many homes should I look at before making an offer?

    As many as you need to feel comfortable with your decision. Most people look at 10-15 homes.

    Q. How much does it cost to hire you?

    Nothing, we are paid by the seller at closing.

    Q. Can you show me homes on the weekend?

    Yes, we are available everyday from 8:00am to 8:00pm for showings.

    Q. How will you help me get the house I want?

    We keep you updated on all homes for sale daily and get you in to see them before other buyers. We go above and beyond other agents to prepare your offer and present it to the seller so your offer is accepted. If the ideal home is not available, we will search off-market properties to find the right one.

    Q. Can you recommend someone to help me get a mortgage and a home inspection?

    Yes, we have professionals for every moving need you will encounter.

    Q. How long does it take to close on a house?

    Most closings take 30 days, it can be done in 14 days.

    Q. How much does it cost to close on a house?

    Each purchase is different. We can provide you with an estimated settlement statement upon request. 

    Get Started Now! 

    By choosing Colorado Team you can be confident your experience will be exceptional from the beginning to the end. Our team offers consistent support, innovative technology, and agents that always put you first. Let us know about your home search here.

     

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