Everything You Need to Know About Buying
/Casually strolling through this ridiculously pretty kitchen to give you some of the most helpful info you’ll need if you’re thinking about buying a house soon! Swipe ⇢ and get more info ⇣
𝗣𝗿𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗞𝗲𝘆 | Denver’s market moves quick. if you wait til you find a house you love to jump in, you’re already behind the game…and it pretty much never works out. Get pre-approved, and update it later if you want to just casually search.
𝗧𝗶𝗺𝗲𝗳𝗿𝗮𝗺𝗲 | Contract to close is about 1 month. It takes my buyers on average 2 weeks to 2 months to find a house they love and get under contract. Start shopping at least 3 months before you want to move.
𝗖𝗼𝘀𝘁𝘀 | Earnest Money Deposit: 1-2% (deposit only, applied towards down payment + closing costs)
Down payment: 3%+
Closing Costs: 1-1.5%
Inspections: $500-$1,000
𝗧𝗵𝗲 𝗦𝗲𝗮𝗿𝗰𝗵 | Make a list of musts/wants…but be flexible. No house is perfect, and you’ll likely end up compromising on something. Your search will likely evolve and you’ll hone in on what’s most important to you.
𝗖𝗼𝗻𝘁𝗶𝗻𝗴𝗲𝗻𝗰𝗶𝗲𝘀 | Once under contract, you have several opportunities to negotiate with the seller if issues come up. If a resolution cannot be reached, the buyer may terminate the contract + get the earnest money back. Inspection is the biggest contingency to get past.
𝗬𝗼𝘂𝗿 𝗧𝗲𝗮𝗺 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 | Your Realtor + Lender will be a huge part of guiding you through the process, getting your offer accepted + getting you the best deal possible. Do your research + find someone you trust, has a good reputation, experience + will go the extra mile to advocate for you.