The Basics: Colorado Home Buying 101

If you’re a first-time homebuyer, or are just curious, you’re in the right place.  More than 3/4 of the public now uses the Internet to help them find or sell their home, which means that technology is taking some of the burden out of searching for Colorado real estate.

Introducing COhomefinder
Not only was COhomefinder one of Colorado’s first and favorite companies to marry technology with great real estate know-how and customer service, but it’s a great resource for Colorado homeowners, Colorado home sellers, and Colorado home buyers who need information from the Colorado MLS right away, from anywhere.

According to most sources, the homebuying process is simple, and at its core, consists of a few steps, which we’ve distilled down to the basics below.  Of course, buying a house in Colorado is a personal process, and while it may be simple, it’s not always easy.  That’s why COhomefinder consists of a team of people including client care representatives and licensed REALTORs who can help connect the dots between you and your next Colorado property or Colorado home.

Decide on your needs
As a part of the planning stage in your home search, it’s wise to establish a criteria and outcomes for your search.  What’s your price range, what style and size of home are you looking for? (A ranch-style home in Colorado, a Colorado two story home?)   What’s your ideal lot size? Are you interested in the Colorado public high schools nearby?  Are you interested in Colorado homes built during a certain year? Built by a certain Colorado home builder? A good REALTOR is instrumental in this area, however, you can learn a lot about Colorado neighborhoods, Colorado zip codes, and top Colorado properties at anytime by looking through Colorado real estate listings by category.

Find a mortgage professional
Call and meet with a Colorado mortgage lender early, since many buyers find an advantage in being pre-qualified or pre-approved before shopping. Use the mortgage calculator any time, no registration or signup required. 

Establish a relationship with a real estate professional
Find a Colorado REALTOR who’s an expert in the city and neighborhoods in which you’re interested.  Get input about pricing, quality, history, trends, location, associations, and proximity to important amenities. Find out what the Colorado neighborhood demographic is, and tell your REALTOR what’s important to you in a home.

Find Properties that meet your needs
After picking some specific listings, look through each listing’s details carefully, to make sure that the Colorado property meets your specifications.  Take a virtutal tour of Colorado homes when possible.  Take a look at property values of Colorado houses.  Since COhomefinder makes sorting and keeping your properties of interest so easy and convenient, you can share your picks with family members for their input and eventually, a qualified REALTOR.  Make appointments for private showings of Colorado homes that are of the most interest to you.

Narrow the list
Spend a little time each day learning about the Colorado homes on the market using the Hot Sheet, and the Colorado listings blog. If you’ve signed up for Automated HomeAlert, you’ll find the day’s fresh listings in your email inbox. If you’re interested in price reduced properties, check the price reductions calendar for that day, week, or month.

There are also more resources available for Colorado home buyers today than ever. Try some of the free materials through  Colorado’s Department of Regulatory Agencies, The Colorado Division of Housing, or request a Colorado relocation packet.  Before you know it, you’ll be enjoying your next Colorado home.  Welcome.

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