Buyer's Best Choice, Inc.
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Buyers Best Choice
Marilyn VanSteenberg
Phone:  (303) 738-1287
Fax:  (303) 738-1288

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The Home Buying Process

The home buying process is simple and straightforward. You will be making two purchases, a home and a loan. I will help you through both processes to ensure that you have a positive home buying experience. In order to do so,
  • I will keep you fully informed and updated throughout the process.
  • I will respond to all your inquiries and concerns.
  • I will protect your interests.
  • I will ensure the accuracy of all the paperwork.
  • I will respond to, and resolve all problems and issues quickly.
  • I will be the calmest person in the transaction.
The home buying process is a joint effort. Please feel free to communicate openly about anything. The more information we can share, the easier this process will be.

Here are a few guidelines that will make the process easier.
  1. Find an agent you like and can trust.
  2. Contact a lender. If you do not have one, I will be happy to refer several to you.
  3. Look for the right property.
  4. Research the property. I will search the MLS for under contract, sold and active properties so that together, we can come up with the right price. Your offer is always what you want to offer for the property.
  5. I will write the contract for you. It is then submitted to the listing agent of the property. An earnest money check accompanies the contract. A letter from your chosen lender also is sent to the property agent. It is customary in Colorado to allow the sellers to have 2-3 days to vacate the premises after closing.
  6. The contract can be:
    • Accepted as written - wonderful
    • Rejected - rethink offer or look for different property
    • Countered - discuss the changes the seller has made to the original contract
  7. When the contract is accepted by both parties, your Earnest Money Check will be CASHED AS SOON AS THE ACCEPTED CONTRACT IS DELIVERED TO THE LISTING AGENT'S OFFICE.
  8. If the contract is accepted, I will help you arrange for a home inspector.
  9. An inspection report is sent to the seller via the listing agent.
  10. The inspection report can be:
    • Accepted as written - wonderful
    • Rejected - rethink property issues
    • Negotiated - discuss the issues
    I will review the inspection report with you.
  11. You will need to arrange for Homeowner's Insurance, also called Hazard Insurance. You will need to let your lender know the name and phone number of your insurance agent.
  12. Once all contingencies have been met (inspection, appraisal, and loan underwriting), you can relax until the closing.
  13. Usually the day before closing, earlier if possible, the title company will determine the exact amount of money you will need to bring to closing. These funds can either be in the form of a cashier's check made out to you or a wire transfer directly from your bank to the title company. If you are going to do a wire transfer, please let me know as early as possible so you can get the correct information to your bank.
  14. You will need to come to closing with a photo ID (state ID, driver's license, passport).
  15. I will go with you to the closing. You and the seller will sign all of the real estate-related documents. You will sign all of the loan papers at that time also. Once all of the papers are signed, the title company will disburse all of the funds to the proper parties.

    This is a good time to ask questions of the seller. Make a list before closing of any questions you may have. Generally, the seller is happy to tell you about all the things he/she has done to the house, quirks, neighbors, etc. At this time, arrangements will be made to transfer keys, remote controls, etc.

CELEBRATE!

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Buyers Best Choice is a True Personal Service Real Estate Agency located in Colorado.
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