Home Buying 101

Buying a Home in Boulder, Colorado                  Updated 6/17/2014

Home Buying

May 2013 Boulder market update; photo is courtesy of Rob Larsen

Buying a home is an exciting experience that can tend to be very emotional. After all, this will be the place you call HOME for you and your family. Many home buyers have questions.  Home Buying 101 is geared towards answering questions and providing detailed links to additional information.  Read on and understand the process from our first meeting to the House Warming Party I will host for you after the closing.  Whether you are a seasoned pro, or a first time buyer, this blog is geared towards supplying helpful home buying information.

Selecting a Boulder Realtor

Rebecca and her boyfriend Anthony, on the front steps of her new home

Happy new home owner!

The first step is selecting a local Realtor.  You may want to interview a few agents or just call me, Bob Gordon.  As part of the home buying process, we will discuss Buyer Agency and working relationships – it’s important you understand your options.   I sell homes all the time, yet this may be your first home or your first home purchase in years.  Things change.  So at our first meeting, I will be certain to disclose Buyer’s Agency, the preferred way to purchase a home in Boulder.   Read about Realtors:  BenefitsofRealtor_flyer. I will also supply you with the Definitions of Working Relationships disclosure so you can be informed of your options. Looking for references? I can supply phone/email contacts or see what past clients say about working together.

I have a questionnaire to learn more about your desired home:  BG Buyer Questionnaire

Home Search

Bob Gordon Realtor

As you start looking for homes to purchase, we will also work on your new home mortgage.  A loan is an important facet of home buying in Boulder Colorado.  I can recommend mortgage bankers; here is a post with a list of excellent mortgage lenders at the end of the post.  I have access to both Iresis, a Boulder based Multiple Listing Service (MLS) and Metrolist, the Denver based MLS.  You can also search for homes on my website, visit Trulia or Zillow or Realtor.com or even drive around and get the addresses of homes you like.   In addition to homes listed for sale, I work with sellers directly (FSBO) and am familiar with the City of Boulder’s Permanently Affordable program.  The last several years, I have successfully handled numerous short sales.  We will visit the inside of several homes. According to the National Association of Realtors, in 2011, the average buyer viewed twelve homes.

Photo courtesy of Rob Larsen Photography.

Photo courtesy of Rob Larsen Photography.

When we find the right house, we’ll write an offer using the Colorado Contract to Buy and Sell Real Estate.   Depending upon the market and our offer, we may receive a counter-proposal from the seller. In Colorado, it is common to see electronic signatures in a transaction — allowing you to sign directly from your iPad or mobile phone or computer.  Once under contract, it’s time to order a Home Inspection.  We can test for Radon and have as many experts examine the home as you wish.  On older houses, it is a good idea to get the sewer line inspected as well.  After the inspections are performed, we will submit a list of items to be corrected to the seller, or if the house requires too much work, a Notice to Terminate.

Boulder Colorado Information, north Boulder development

photo courtesy of Rob Larsen

With the Inspection resolved, the mortgage lender goes into high gear getting the appraisal and final loan approval.  Closing usually takes place at the title company.  Then we’ll have a big house warming party at your new home. I’ll bring the food and drinks and do all the work while you get to meet the neighbors and show your friends your new home.  Read about a closing here.

I am Bob Gordon, Remax Alliance Realtor and am here to help. Give me a call at 303-443-3334.  Thinking of moving to Boulder? Contact me now.

 

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