8 Ways to Prepare to Buy a House
Travis Williams, Realtor(r) | July 19, 2019
Remember your surroundings
Remember to consider the location of your home as well as the physical aspects of the home itself. The location will have a big impact on your quality of life as well. If you are buying a property you plan to rent occasionally as a vacation rental, is it in a good place for consistent rental revenue? Do you want to be able to walk out your door and go for a beautiful hike? An in depth understanding of Summit County is one of the best reason to use a local Realtor(r).
Talk with a mortgage broker
Our website features a sponsoring lender to make the home buying process even easier for you. Team Peyton with Fairway is a great resource for understanding the mortgage process and finding a loan which fits your needs. We still recommend shopping around to be sure you're getting the best loan for your situation. Check out Team Peyton with Fairway.
There’s no “right” time to buy
Similar to many markets around the county, we also have annual inventory cycles. While the number of homes available varies seasonally, the price follows over all market conditions. Trying to guess where the housing market and interest rates are going could put you at risk of losing the perfect home. If you find the right one and you're ready to purchase, jump on it!
Be ready to jump
This is especially true in the current market in Summit County, CO. It is common for buyers to miss out on a home because they did not act quickly enough. Many of the best properties in Summit are still selling within a few days of being listed. To be ready, know what your top priorities are in a home, ask us to show you around the area you are interested in purchasing before your dream home hits the market, and be sure to have a pre-qualification letter ready from your lender. Team Peyton is a great resource for this!
No house is ever 100% perfect
The best way to land the home that you will be truly satisfied with is to make a list of your top priorities. This should be three to five items which are most important to you. Be flexible with the minor issues and know if you stick to your priorities you'll find a property you'll love. Consider finding the 85% perfect home which includes what is most important to you.
Find a trusted Realtor(r)
We are your trusted resource. At Cornerstone we value transparency, low stress transactions, and the highest level of customer service. We'd love to show you how positive of an experience a home purchase can be.
Don’t try to be overly competitive during negotiations
Negotiation is a big part of closing on a home. Making sure you pay fair market value is one of our top priorities at Cornerstone. Be careful about being too competitive and trying to "win" by refusing to budge as this may cost you your dream home. Some collaboration is always needed to successfully close a real estate transaction.
Make a smart offer
It is unlikely your offer will be the only one presented to the Seller. We can guide you through presenting a strong offer and make sure you do not over pay for the property.
