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Steps to Buying a Home

Looking to make that dream of purchasing your first home in Denver become a reality?  Perhaps you’re ready to upgrade for your growing family?  Or, maybe you’ve reached the point of empty nesting and it is time to shed that big home and downsize?

Regardless of your goals, purchasing a new home can be a daunting proposition.  Every new real estate purchase comes with its fair share of complexities, and you don’t need to know all of them in and out.

That being said, let’s review a few steps for you to consider about the buying process…

evidence of
financing

Obtain Evidence of Financing

To ensure you have a smooth purchase, especially in Denver, you want to show a prospective seller that you can afford the house. You will either need to prove that you have enough cash to buy the house (a rarity indeed!), or that you can easily get a mortgage loan.

Looking for a lender? 

list your
needs

List Your Needs

Prepare a list that points out all those features you’d love to have in a new home. Think of the things you didn’t like about past living arrangements (such as a cramped galley kitchen), and all of the elements of your favorite houses. By identifying your likes and dislikes, you can create a clear list of the types of homes you’ll want to look at. Here are a few examples of what might go on your list:

  • Yard size
  • Basement (finished or unfinished)
  • Number of bedrooms
  • Living room arrangement
  • Open or closed floor plan
  • Kitchen size
  • Trees, shrubs, and other landscaping considerations.
  • School district
  • Garage needs
  • Nearby shopping, playgrounds, etc.

Bringing a list like this to your real estate agent will help them create the perfect line up of viewings customized to your needs.

enlist
help

Enlist the help of an Experienced Full-time Realtor

If you would like to save yourself some money, and quite a few headaches, you should work with a full-time realtor when buying your first home in Denver. As mentioned, you the buyer do not pay anything to the realtor. Instead, the real estate agent makes a commission from the seller. So you’ve really got everything to gain and nothing to lose.

An experienced real estate agent has access to databases of homes for sale, and they can typically gather more information than you can find on property listing websites. Furthermore, your real estate agent has been through this process hundreds of times, so they know every step of the process like the back of their hand.

Realtor going over financing with a client

evidence of
financing

Couple and realtor going over their needs

list your
needs

Talk with a Realtor

enlist
help

Obtain Evidence of Financing

To ensure you have a smooth purchase, especially in Denver, you want to show a prospective seller that you can afford the house. You will either need to prove that you have enough cash to buy the house (a rarity indeed!), or that you can easily get a mortgage loan.

Looking for a lender? 

List Your Needs

Prepare a list that points out all those features you’d love to have in a new home. Think of the things you didn’t like about past living arrangements (such as a cramped galley kitchen), and all of the elements of your favorite houses. By identifying your likes and dislikes, you can create a clear list of the types of homes you’ll want to look at. Here are a few examples of what might go on your list:

  • Yard size
  • Basement (finished or unfinished)
  • Number of bedrooms
  • Living room arrangement
  • Open or closed floor plan
  • Kitchen size
  • Trees, shrubs, and other landscaping considerations.
  • School district
  • Garage needs
  • Nearby shopping, playgrounds, etc.

Bringing a list like this to your real estate agent will help them create the perfect line up of viewings customized to your needs.

Enlist the help of an Experienced Full-time Realtor

If you would like to save yourself some money, and quite a few headaches, you should work with a full-time realtor when buying your first home in Denver. As mentioned, you the buyer do not pay anything to the realtor. Instead, the real estate agent makes a commission from the seller. So you’ve really got everything to gain and nothing to lose.

An experienced real estate agent has access to databases of homes for sale, and they can typically gather more information than you can find on property listing websites. Furthermore, your real estate agent has been through this process hundreds of times, so they know every step of the process like the back of their hand.

“Paul took time to listen to our objectives and quickly tailored our search efforts to find a great location within a very quick period. The process from site selection to close was extremely well managed with good communications. Paul was a skilled negotiator on our behalf with the buying side. You can’t go wrong with using Paul for your real estate needs.”

– Tom Warekois 

Here to Help

We work hard to ensure your dream home becomes reality. Whether you’re a first time home buyer, a community hero, or simply in need of help with your down payment we have programs available to help you. And, rest assured that with the Walden Novak team our partnership does not end at closing. We treat our clients like family, and love to help you get settled into your new home.

You’ve got backup.

One of the joys of purchasing a home is that you do not have to go it alone.  One of the lesser known secrets in real estate is that it costs you nothing to hire and utilize an experienced buyer’s agent to guide you through the process and represent your interests.

Agents receive their compensation from the seller for bringing them a buyer – not from you!

Here for you.

While other real estate agencies are ready to kick you out the door as soon as your contract’s ink is dry, our team isn’t going anywhere. If any needs arise in the future, from finding an HVAC contractor to getting some tips on how to paint a room, we are always a phone call or email away. Home ownership is an adventure, but it’s also a partnership that we want to be a part of for years to come.