Q: Should I get pre-approved before starting my home search?
When finding a home in the Roaring Fork Valley, most sellers are requiring a mortgage pre-approval letter be submitted with the contract to purchase. If you need recommendations for experienced, reputable lenders? Just ask me.
Q: It is best to buy my new home first or sell my current home first?
Often it is best to be list your home first. If you do find a home you want to purchase first, you can put in the purchase contract that it is contingent upon the sale of your home. I managed 3 of these last fall back to back. This means you only agree to buy a home if you can sell the one you're in. In a hot housing market, though, it might be challenging to find a seller who will agree to these terms.
Q: How many homes should I view before making a final decision?
This question is best answered with another question. Have you made a list of your top 5 must haves? Buying a home is probably the more expensive purchases you will ever make. It is key that you feel confident you are making a good choice for your personal needs and a great choice financially. You want to ask yourself such questions as: Location? Size of home you desire? square footage? Schools? New construction is running from $250 to $300 per square ft in this valley. You can buy more house with an existing home.
Q: What is a fair offering price?
All real estate transactions must be a win-win for both parties in order for there to be an agreement reached. Bottom line: The longer a home has been on the market the more likely it is that the seller will be willing to negotiate.
Q: How quickly can I move in?
I find that it takes most lenders 30 days to fund a mortgage.
Q: Do I really need a home inspection?
YES. An home inspection often will give you a heads-up if there are issue in the home. A home inspector is Not a licensed engineer, electrician or a plumber but they can alert you to the condition of the structure, plumbing and electrical in a home. Alsom, if the inspector does find problems, you can often negotiate with the seller to have them repaired or replaced prior to closing.
Q: Do I really need a Realtor when buying a home?
It makes total sense when you utilize a licensed Realtor. Having an expert on your side often at no charge to you if the property is listed. As a licensed Realtor, I will represent your best interests and have 17+ years experience.
Q: Who pays the Realtor fees when buying a home?
In most cases the seller pays the Realtor fees. Which means that for buyers there's no reason to try to go it alone.