Common Home Buyer Questions

Articles that answer common homebuyer questions in Colorado Springs and surrounding areas.

Found 29 blog entries about Common Home Buyer Questions.

Pros and Cons of Buying and Older HomeThinking of buying an older home? Read this first…

“We’ve found a beautiful Victorian home near downtown. All we need to do is replace the kitchen, wraparound porch, heat system and windows… our budget is $700.”

There is the Romantic idea of what it would be like to live in a charming old Craftsman Bungalow on a tree-lined avenue near downtown…

...and then there is the Reality of what it’s like to own and live in one (and it’s not always as charming as HGTV makes it out to be).

Our hope is that this will be a simple guide to help you make the best decision. This article is not designed to steer you in one direction or the other, but rather to give you some practival examples and useful case studies to make an informed decision on your own.

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Who Pays Realtor Fees When You Buy a House?One of the most common questions that I hear when I am working with first-time home buyers is, “How does a Realtor get paid?” According to the National Association of Realtors, 88% of home buyers used a real estate agent when buying a home and approximately 91% of homeowners used a Realtor to sell their house in 2016 (click here to view the statistics). Based on these numbers, it’s obvious that there are many people working with Realtors every day. There are also predicting that the “Gen Y” homebuyers will be entering the real estate market with a bang during the next few years. This means that an influx of home buyers will be entering the market for the first time. Many of these first time home buyers have no idea what a Realtor actually does, or how

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Should I Buy A Rancher or a Two Story HomeWhile showing properties, I often get this question from home buyers: “What are some differences between buying a ‘Rancher’ versus a ‘Two-Story’ home?” These are the two most common residential home styles in the Colorado Springs area.

If you’re from another part of the country, you may have a different idea on what a “Rancher” is. Other State’s soils and elevations require completely different foundation types, which means they have completely different floor plans. If you're new to the Colorado area, you’ll appreciate this info.

What’s a “Rancher”?

A “Ranch“ style home in Colorado is simply a home with a main level and a basement. In Colorado, “Ranchers” are extremely common. The confusing part for home buyers coming from areas without

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How Do Human Emotions and Logic Effect Which House We Buy

When people shop for a house, there are predictable behavioral patterns that occur throughout the process. The internal struggle between emotion and logic is common with home buyers. Everyone wants to buy a home that they love AND that has great features for resale. The challenge for home buyers is to find that perfect balance between what's practical and what's charming.

Emotion and logic are two human traits that are at odds with each other when shopping for a home. The struggle is real. Knowing how each trait can affect your decision making process while shopping for a home can help ease stress and allow you to feel in control of the buying process.

There are unique variations of the "emotion versus logic" battle. Sometimes the tension is

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This step-by-step guide will walk you through each step of the home buying process. Use it as reference and remember to ask your REALTOR® anytime you have questions. Your REALTOR® will help you through each step.

How To Buy A House Step By Step Guide Inforgraphic

 

The home buying process can be an intense journey, but it's much easier when you have a clear path and clear expectations. This guide is designed to help you through the process. Let's get started!

 Step 1: Prepare Your Finances to Buy A House

Preparing your finances is the very first step in buying a home. This will allow you to find the price range that fits your budget before you start looking at homes. If you begin your home search in a higher price range than you are approved for, you are setting yourself up for disappointment.  Start preparing your finances right

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5 Dangers of Using the Listing Agent as a HomebuyerBuying a home is a precious event. The home you choose is going to shape your daily routines and memories for years to come. The process of finding and purchasing a home can be an exhausting one. For this reason, it is best to find a Realtor to help guide you through the process and protect your interests from start to finish.

There are typically 2 types of Realtors in a real estate transaction:

1.) The Listing Agent: works directly with the sellers; and

2.) The Buyer’s Agent: works directly with the buyers.

Both are representing the interests of their respective party.

 

Some homebuyers make the mistake of asking the listing agent to show them the home that they are interested in. I’ll explain why this is a bad idea throughout the

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What do you need to buy a house? This may seem like a simple topic, but it’s one of the most common questions I'm asked by new home buyers as well as new real estate agents. There are so many steps involved when buying a home, it's not uncommon for first time home buyers to completely overlook one or more of them.

This article will cover all of the major things that are required for most home purchases. There are other requirements that may come from your mortgage lender, such as previous years tax returns, employment verification, credit scores, etc. In this article, I'll stick with the most important items that typically cover the amount of money that you need. I also created this handy infographic that you can save and use as a reference.

What Do You Need To Buy A House Infographic

Breakdown Of Items Needed To Buy A House

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Homebuyer Checklist Infographic 10 Items To Check Before Falling In Love With A House For Sale in Colorado Springs

The excitement of buying a home can leave your head spinning once you've signed a sales contract. There are so many things that happen after the seller accepts your offer. Most home buyers will have a full property inspection performed once they have a home under contract. Some of them will feel that the inspection report is all they need to evaluate before moving forward with a contract. Unfortunately, this is not 100% accurate. There are other issues that you need to research as well, that go beyond the scope of work involved in a regular home inspection.

I created this article and infographic to help home buyers understand some of the items they should check before falling in love with a house. Keep in mind that the list below does not cover

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Is it better to rent or buy a home? This is a question that everyone has to process through at some point in time. It’s not always best to buy and it’s certainly not always best to rent. A person’s lifestyle, financial situation, relational situation, and employment are all factors that can sway the answer to one side to the other.

Here’s a simple infographic to help breakdown some of the pros & cons to the question:

Should You Rent or Buy a Home?

The Pros & Cons of Renting Versus Buying a Home

After viewing the pros and cons above, let’s look at how they apply to different areas of a persons life.

The PROS of RENTING

Easy To Move On When RentingEasy To Move On

Renting Allows You Freedom To Easily Move OnWhen you rent a home, you are free to move on as soon as your lease is expired. There’s no house to sell. This is one of the most common

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Zillow & Trulia No Longer Receive Data From Our Local MLSZillow is one of the best real estate websites ever created. The user experience on Zillow is excellent, which is why it has become the #1 real estate website in the country. Trulia runs a close 2nd to Zillow for having an extremely well-polished consumer interface. They both have invested millions of dollars into the development of their websites, and many people use them all across the country everyday. Recently, Zillow bought Trulia. Most industry professionals expected the merger to cause the real estate giants to dominate the online space even more than they already have. However, something happened on April 7th of 2015 that changed Zillow and Trulia’s usability in Colorado Springs and many other local markets across the country. It’s a little

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