If you’re about to make the jump into homeownership there are a few key things you need to consider. Thinking about these things will help protect you as you dive into the process.
 
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Buying a home for the first time can be a confusing process. There are a few things you need to do to protect yourself when you make the jump into homeownership.

The first thing you need to do is to find and work with an agent who understands your needs. This will be essential to a smooth transaction. It’s also important that your agent has experience in the area you want to buy in. Working with a quality agent is perhaps the most important aspect of the entire transaction.

Secondly, make sure you get preapproved from a reputable local lender. This will help you make sure that you are able to compete with other buyers, even those who are making cash offers.

Don’t pressure yourself into overspending on a home. You should always feel comfortable with your monthly payments. 

"Working with a quality agent is perhaps the most important aspect of the entire transaction."

Also, know your priorities before you start shopping. Consider what kind of floor plan you might want, as well as the number of bedrooms and bathrooms you’re looking for. Factors like these, as well as thinking about school districts, crime rates, and square footage, will help you narrow down your search.

The fourth thing you need to do to protect yourself is to understand current market conditions. Our market right now is red hot, so it’s important to understand how the process works when you go into it. Once you make an offer, your work isn’t done. At this point you’ll still need to get a home inspection.

A home inspection is going to help protect you against buying a money pit. Here in Colorado we’re known to have a lot of homes with structural soil problems, for example. It’s important to know what kind of home you’re buying before you go through with a transaction.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.