BUYERS

The scenic Colorado and Roaring Fork River valley communities of Western Colorado are rich with real estate possibilities. Our goal is to discover exactly what you are looking for in real estate, introduce you to the right properties, and then assist you throughout the journey. We will explain the real estate buying process to your satisfaction because we believe that understanding this process is the key to a successful partnership and real estate purchase.

The Roaring Fork Valley boasts all the conveniences and amenities of an urban setting situated among beautiful mountain peaks and majestic river valleys, all making this area a prime destination throughout the year for fun family living and outdoor enthusiasts. So, whether looking for a rural home on acreage with quiet and solitude, or a commercial property to start your dream business endeavor, you’ll find a wide range of property sizes and locations suitable for any type of real estate purchase.

THE BUYING PROCESS

A GUIDE TO FINDING & BUYING

Whether this is your first or your fifth time buying real estate, understanding the process and steps it takes to first finding your perfect investment property or dream home, to signing the papers that seal the deal, your Vicki Lee Green real estate agent will be there with you at every turn. Review the Buying Process information below for any initial questions and then contact us via email, online form or phone. We’re here to listen and help you get going on your journey today!

1. INITIAL INTERVIEW WITH REALTOR

Buying your forever home or investing in a commercial business property is a very personal experience. Making sure you choose the right agent to guide you through the process is one of the most important aspects of the buying process. Seek out referrals from family and friends and do your research to ensure you are choosing the right person for your journey.

2. SELECT A LENDER

Along with your Vicki Lee Green Real Estate agent, your mortgage lender will be another key person in your real estate buying adventure. Your agent will be able to provide you with names of several local lenders ready to assist and those with whom they have had good experiences with. You’ll want to set up a time to go over your finances and get pre-qualified for a certain loan amount determined by several factors including, credit score, work history and more. What you qualify for and what you’d like your monthly mortgage payments to be depend on a variety of factors that your lender will guide you through.

3. BEGIN SEARCH

Once your agent and lender have communicated all necessary details, it’s time to start your property search. Your agent will begin researching all MLS listings based on the specifics of what you and your agent have talked about. You’ll receive new listing notifications via email and start to tour properties. Be sure to make a list of priorities for your new home and to take into consideration any remodeling costs you may have to endure once the purchase has gone through if choosing a home that needs updates.

4. WRITE AN OFFER

Once a property has been chosen it’s time to make an offer. Your Vicki Lee Green Real Estate agent will work through all the details and negotiations on your behalf so that you can reach a fair agreement and go under contract on your new investment.

5. UNDER CONTRACT

Once your property is under contract, there are several steps that come before closing day.

Earnest Money – or Good Faith Deposit – money put down to show your seriousness about the purchase
Title Search – a search examining property records that could jeopardize owning the home
Inspections – an opportunity to get detailed reports about a home’s major components and their condition
Insurance – home owners or fire insurance is required and your insurance agent may need to inspect the property before committing to give you insurance for the property. Mortgage insurance may also be required before a lender will agree to finance a home.
Appraisal – an estimated value of your home in comparison to other homes in the area
Underwriting – information verification in order to issue final loan approval

6. LOAN APPROVAL

All necessary documents have been submitted, your information has been reviewed and now it is time to get final loan approval. Your real estate agent and lender have worked hard to get to this point. Your information is submitted for approval.

7. CLOSING

Your loan has been approved, you’ve reviewed all closing docs and have done a final walk through of the home verifying items that came up during the inspection. On closing day you will sign all papers and get the keys to the your new home.

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If you are looking to buy or sell real estate, we would love to discuss your options. With Vicki Lee Green Realtors, you’ll find years of knowledge, exceptional service and the type of expertise that’s only found with a local real estate agency.

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