Buy a Home

One of the most frequently asked questions when considering buying a home is whether you can afford to buy and how much you can afford to buy? There are several factors that determine your real estate buying power such as credit history, income, and current assets, etc. The ultimate decision of what you can buy will be determined by your lender and should start there.

After you know how much home you can afford, make sure and get pre-approved for a loan before you start looking for your home. Note that there is a significant difference between pre-qualified and pre-approved.

Pre-approval means that you have the loan underwriters approval for the loan - it's like cash waiting for your purchase. This will let you buy and negotiate with confidence without leaving you wondering whether you will get the loan or not.

Pre-qualification only means that your loan approval will be considered with very little assurance that you will actually get it. Therefore, before you go house hunting, get pre-approved!

Do you really want to spend the money on hiring a real estate agent to represent you as a buyer's agent? Is there really an advantage to having a Realtor?

First the good news. When hiring a buyers agent you usually do not have to pay a cent in commission. In almost every real estate transaction, the seller has already agreed to pay a buyer's agent a certain amount for commission. Whatever the seller pays on your behalf, you certainly do not need to pay!

Now the better news. A buyer's agent works for you! You get the power of experienced representation, advice, and negotiation with your best interest in mind. To see the Colorado Real Estate Commission's official definition of a buyer's agent and other real estate brokerage relationships click here.

How then do you chose a good real estate agent to work for you? Check out this list of questions you should ask every real estate agent you are considering hiring. And finally, consider hiring Pete Doty who is committed, experienced, and at the forefront of real estate technology. Check out Pete Doty and Company's list of Preferred lenders! Connect with one today! New to the area? We'll send you a Newcomer's package absolutely free! Sign up today! What should you know before you hire a Realtor? Find out! Everyday results to your email. Let us do the work for you in your home search! What's your mortgage payment going to be? Use our loan calculators to help plan! The search for the perfect home ends here! Search manually or let us do the work for you!