Buying a home can seem overwhelming. It is important that you work with professionals to help you and that you take time to do your homework on the many choices that are available to you in the Vail Valley.
First Step: Research the real estate market, assess your needs and make certain your financial aspects are in order.
Whether you are a first-time homebuyer or a repeat buyer, research the marketplace and ask yourself important questions like, what have I always wanted in a home or what am I looking for in real estate? Also review your financial health to be certain everything is in order.
Second Step: Find a REALTOR®.
There are more than 1 million sales professionals in the National Association of REALTORS® that abide by a strong Code of Ethics as well as receive continuing education and training. No two homes are alike, from the contract to the seller to the knowledge of that particular home. Ask friends for referrals and interview multiple REALTORS® to find the one that you connect with best to help you purchase your home.
Third Step: Meet with a Loan Officer.
Statistics show that 9 out of 10 buyers finance a home purchase. Talking with multiple loan officers can help you understand what you can afford and how to finance it.
Fourth Step: Start Shopping.
Our area continues to be a buyer’s market with many choices in the market. Make a wish list of what you want in your home and make certain that you are looking several years down the road for what your needs may be in the future.
Fifth Step: Select Your Home.
After you are confident you have searched as many homes as possible in the Valley, work with your REALTOR® to assess what fits your needs best so that you can select the right home.
Sixth Step: Get your Loan.
Work with your chosen loan officer on the many types of loans today that are available and which one works best for your needs. You will need to fill out a loan application and move forward to rate commitments, loan timeframe, etc.
Seventh Step: Make An Offer.
Now that you have selected your home and have your loan together, it is time to make an offer through your REALTOR®.