The Buying Process
1. Get Pre-Approved
If you will need financing for the purchase of your home, your first step will be to get pre-approved. A quality lender will be able to pre-approve you for your mortgage, work with you to ensure you stay within your desired monthly budget, present you with the best loan products for your specific needs, and provide helpful information to prepare you for your purchase. We are happy to give you recommendations of local lenders you can trust.
2. Search for Homes
Once you have your funds and/or financing secured, it’s time to begin your search. When searching we want to make sure you have access to all active inventory that meets your criteria. Our brokers can set you up on a custom MLS property search that will email you with new listings immediately after they hit the market. Since this direct-to-consumer MLS search does not run through any third-parties, it ensures that you will immediately receive the most accurate information.
3. Make an Offer
Once you’ve found the right property, it is time to make an offer. Your Florence Realty Co. broker will work with you to determine the best price and terms to offer. In Denver’s competitive market, it is pivotal to work with a skilled broker who can help you be creative in drafting your offer. Sellers are looking not just for the best offer price, but also for favorable terms and timeframes. Getting creative on your offer and working with a broker who is a skilled negotiator will help you beat out the competition at the best price possible.
4. Do Your Due Diligence
Now that you’re under contract, it’s time for due diligence to make sure everything with your home is in good working order, that the title is clean and free of liens, that your loan receives final approval, etc. During this time you will have the opportunity to object to adverse conditions and either receive your earnest money back or to renegotiate the price and terms with the seller. Again, working with a broker who is a skilled negotiator will help you navigate this process, making sure you make a wise investment, get the best deal possible, and minimize your risks.
Once you’re through due diligence, it is time to close! The hard work has been done, but you will need to make sure all is in place so that closing can happen smoothly and on time. Your Florence Realty Co. broker will walk you through all the necessary final steps to get you across the finish line and into your new home!
Free Buyers Guide
For further information and detail on the buying process, click here to download our free Buyer’s Guide.