Today’s Fort Collins home buying tip involves your potential new home inspection. When considering which home inspector to use, ask for inspection reports from a few different inspectors. An actual report the inspector has performed in the past is a great way to evaluate the inspector’s proficiency. In our experience, inspection reports vary greatly from one inspector to another because of the quality and number of photos and the depth of the explanations. Looking at a couple reports side by side will give you a good feel for the type of analysis you’ll receive.
You’ve probably already spent time calculating your mortgage to try to figure out the costs of a new home. When shopping for new construction, you’ll often see the builder offering incentives if you use their preferred mortgage provider. They may offer $5,000 towards upgrades and options, which sounds great, and, in some cases, it is a good deal. But you won’t know for sure until you compare the Loan Estimate they provide with a competing lender’s loan estimate. Loan Estimate is a technical term for a government form that the lender must provide when you’re applying for a mortgage. It’s especially important to request these estimates from both lenders on the same day. Because rates are always changing, same day quotes are the only way to ensure an apples to apples comparison. Loan closing costs and interest rates can vary significantly between lenders; that $5,000 credit may not be worth it if you’re paying a few thousand dollars more in closing costs combined with a higher interest rate.
Here’s a valuable home buyer tip for you: talking to the neighbors can help you uncover things the seller may not tell you. You wouldn’t believe some of the things I’ve uncovered just talking to neighbors! Once we’ve found a home you like, I’ll walk the neighborhood and chat up the locals. I’ll ask questions about build quality, the health of the homeowner’s association and any development projects in the area. One of two things will happen: we’ll get some juicy gossip the seller may not have shared, or, we’ll hear that it’s the greatest neighborhood on earth 🙂
From searching for new Fort Collins homes on the market to new builds in Longmont, please bring us along when looking at a Northern Colorado new construction! Buyers sometimes wonder if they really need an agent when buying new construction. Here’s the truth: Buyers without a Realtor pay the same price as they would if they used a Realtor, but, they miss out on our extended warranty and often fail to inspect and request repairs and negotiate upgrades and options. As for the warranty, most builders offer a 1-year limited warranty on new construction. But, when you work with us, we extend that warranty for 12 months past the builder standard! We also negotiate upgrades, assist with inspection, repairs, and appraisal, and help you evaluate whether the financing incentives offered by the builder are competitive.
Whether you’re searching for homes for sale in Red Feather Lakes or another Northern Colorado location, why settle only for the homes you see online? Did you know that we regularly find homes for our buyers before they are listed? Did you know that some people who are willing to sell, do not list their home for sale? With direct mail and geographically targeted social media campaigns, I can uncover hidden inventory. For you to qualify for this service, we ask that you meet the following criteria:
Northern Colorado is currently experiencing a shortage of homes, whether you’re searching for Windsor homes for sale or homes in other nearby cities. If you fall in love with a home that has multiple, competing offers, what is your strategy? Is it simply to pay the most money? Is it writing a nice letter to the owner? These things help but they are not enough.
Think of me as your project manager for the home buying process and don’t worry, my services are always free to my home buyers because the home seller offers to compensate the agent that represents the buyer. Whether you’re looking for homes for sale in Longmont or another Northern Colorado city, I can help make the process easier for you.