Common Home Buyer Questions

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

Found 31 blog entries about Common Home Buyer Questions.

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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Jesse McCarlThis is a guest blog from our friend Jesse McCarl at HouseHunt.com. Jesse has extensive experience with online leads and offers some great insight to consumers and real estate professional. He writes excellent content for HouseHunt's Blog on a consistent basis and is one of our favorite people to collaborate with. We hope you appreciate his info as much as we do.

What Happens After You Submit Your Contact Information OnlineImagine you’re surfing the Web, looking for that perfect piece of real estate. After all, 90% of people use the Internet as their primary research tool when they’re looking for a home. When you find your dream home online, however, there’s only so much information you’ll be able to gather. Sure you can see some pictures and a list of amenities. Maybe you can even research the neighborhood. But

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Buying real estate is exciting and terrifying, all at the same time. There are many steps to the home buying process and each step creates a new set of questions. Knowing the answers to the 10 most common home buying questions can alleviate some of the stress that comes with buying real estate. This article was designed to help you understand the basics of purchasing real estate, in simple steps. Buying a home may seem intimidating, but a good REALTOR® will make it much easier. They will take care of you through each step of the process, and make your experience as smooth as possible. 

10 Most Common Homebuyer Questions

What's the first step of the homebuying process?What’s the first step of the home buying process?

Answer: The Mortgage Pre-Approval.

Unless you are paying cash for a house, you will need to get a mortgage.

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When I started the home buying process for the first time, my wife and I found a home that we wanted to see fairly early on. We called the number listed and talked to someone who said that they would meet us at the property. This was a REALTOR®. I had no idea what a REALTOR® actually did. I just knew that they had the keys to the property and I had to contact them to see it in person. My wife was more familiar with real estate at the time, having had a career in the Title Insurance Industry. She explained to me that a REALTOR® would "represent" us and help us look at all the homes that we were interested in. I never fully understood what the benefit of being "represented" meant.

What does Having a realtor represent you really mean?

Years later I would decide to get my real estate license and pursue a

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December 2014 Colorado Springs Real Estate Market Report

 

The Colorado Springs Real Estate Market for Decemeber, 2014

According to the new data released by the Pikes Peak Association of REALTORS®, the Colorado Springs real estate market is steadily selling inventory, while also gaining more home buyers, following the same trends from October & Novemeber. Even with an increased number of sales from 2013, the average days on the market numbers are still remarkably high, compared to this time last year. When local data shows conflicting information like this, it is usually a sign that the market will be shifting soon. I'm expecting 2015 to continue in sales growth, as it has over the past year. Let's take a look at the Decemeber 2014 real estate market numbers for Colorado Springs:

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