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Catherine Engmann Group

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Kai Baker
Kai Baker

Buying Guide For House



There are multiple parties involved when getting a mortgage and buying a house. Your real estate agent is your representative in the home purchase transaction. Your agent will look out for your best interests by finding homes that meet your criteria, get you showings, help you write offers and negotiate.




buying guide for house



A real estate agent represents you and helps you understand how to buy a house. Your agent will show you properties, write an offer letter on your behalf and assist in negotiations. Real estate agents are local market experts and can also advise you on how much to offer for each property.


Only you can decide which property is right for you. Make sure you see plenty of homes before you decide which one you want to make an offer on. Like much of the home buying process, you can do a great deal of your house hunting online.


You can find homes for sale on your own, but a good broker can help you make sound decisions and guide you through the home buying process. A broker can also help you get access to homes as soon as they hit the market, before they may be listed online.


Understand that making an offer on a home is sometimes the start of a psychological game. You likely want to get the home for as little as you can without losing the house outright. The seller wants to maximize the selling price of the home without scaring you away. Where should you start with your first offer? Conventional wisdom says to begin at 5 percent below the asking price, but market conditions will largely determine how much wiggle room you have. The more competitive the market, the more likely you are to face multiple bidders. In a soft market, where listings have been sitting unsold, you will have more negotiating power. In a rising market, prime listings will command the full asking price or more, and sometimes offering just a few thousand dollars above listing price can help your offer stand out. Either way, keep your budget in mind when you make your first offer and set a cap of how high you are truly willing to go.


Once your bid on a house is accepted, you set in motion the process that will take you to finally holding a set of keys in your hand. While you may be eager to move into your new place, it is in your best interest to do your due diligence to make sure you get a home that it is in good condition and at a good rate.


Your reason for buying a home will be your north star for making decisions about your purchase. If your goal is to dip your toe into real estate investment, a duplex may be the perfect option for you.


A home inspection is where you hire a home inspector to check out the house from top to bottom to determine if there are any problems with it that might make you think twice about moving forward. Think: termites, faulty foundation, mold, asbestos, etc. Sure, a lot can go wrong, but rest assured that most problems are fixable.


In general, first-time home buyers are the wrong borrowers for risky loans. If you have a lender who is trying to steer you to one of these products, then you have to ask yourself some hard questions: what price house can I really afford and is this the right lender to help me get there?


Good real estate agents understand the current housing market. They know neighborhoods, housing inventory, how to compare homes and help you make a decision, and how to present your best offer to a seller and negotiate in your best interest. They also guide you through the escrow to closing process. This means you want to hire someone knowledgeable, experienced, and plugged in.


TVs are available with different screen types and technologies to best suit your viewing preferences. The screen type affects the cost of a TV, as well as its resolution, picture quality, viewing distance, and other key features outlined in our buying guide. Here are the primary TV types available to homeowners:


Entry-level TVs typically have a screen size no smaller than 32 inches, but some models may be as small as 24 inches. TVs with a screen size smaller than 32 inches may be referred to as mini TVs. 40 and 55-inch TVs are fairly common in many households, with 55 inches being large enough to situate in a living room for an entire family. A 40-inch TV may be better suited for a bedroom rather than a common area.


When buying a TV, you should consider several of the above key features, such as screen size, resolution, viewing angle, and sound. Most shoppers also consider price and how much space they have to incorporate a new TV. Additionally, you should consider which built-in streaming platforms or voice technology a TV has when buying a TV, so you can integrate it with other smart home systems.


There are many important things to consider as you start your Colorado home search. From finding accurate information about homes for sale to evaluating communities and connecting with an experienced real estate agent, know the right steps to take to simplify the home buying process. Armed with the right information, you can find and purchase your next home with confidence.


For most, buying a home is a big financial milestone. Assessing your finances so you know how much you can comfortably afford can be tricky. There are many factors to take into consideration. At a high level, what are your long-term goals and how does home ownership fit in with those goals? More specifically, consider what should be your target purchase price and what additional expenses, like loan establishment fees, mortgage insurance, HOA fees, moving costs, and initial renovations, should be included in your plan. Mortgage Resource Center


To determine how much house you can afford, start by understanding how a mortgage will impact your budget. To find home prices that fit within your budget, enter your income, expenses, and down payment into the Affordability Calculator.


A professional and experienced real estate agent will be your expert advisor. They will start by helping you evaluate your wants and needs as well as your buying power. Using resources they have at their fingertips, they can give you information about neighborhoods and communities including local market statistics. They will help you view homes, serve as an objective advisor in the selection process, and then negotiate the best deal for you. Good real estate agents are worth their weight in gold. You can connect with an agent on REcolorado.com and always have convenient access to their contact information as you browse property listings. So when you find the home that checks all your boxes you can contact your local real estate expert fast!


The first step in buying a new house is selling your current home. An important part of this process is knowing when people are likely to put their homes on the market, then using it as a guide for when to buy your new home.


These thorough viewings will let you know what it will be like to live in the house year-round. Keep in mind that some water issues are easy to fix, while others can be costly. Learn more about getting better yard drainage here.


This applies to ovens, refrigerators and other important fixtures. Also, always make sure that the appliances you see will actually be staying in the house after you buy it. (Some sellers can be sneaky about this.)


Hiring a home inspector gives the buyer another chance to review their decision before buying their first home. In a competitive home-selling market, signing the purchase agreement without a home inspection means the deal is done and the buyer has no recourse. This is true even for major problems like a leaky roof.


Home buyers should plan on attending the entire inspection. However, some buyers choose to not be present during the inspection. The inspection might be three hours long, but every minute of those hours is spent absorbing new information and allowing the home buyer to look around the house.


A NerdWallet survey of 2,200 home buyers and mortgage applicants found the biggest regret among millennial buyers was not saving more money before buying a house. About 11 percent of respondents no longer felt financially secure after they bought their home. Learn more about down payments and how they affect mortgage payments. Plus, how long it takes to save for a house.


First-time home buyers might be struggling with the dilemma of buying a home with more square footage versus buying a home in a hot area. Home values and selling the home down the line are important for the first-time buyer. When wrestling with this question, know that location truly helps maintain home values in all types of markets. 041b061a72


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