Thinking about buying a home in 2020? The buying process can be a fun experience, but hiccups in an otherwise streamlined progression can be unnerving. Taking the time to plan out your purchase will save you a lot of headache in the long run. Setting out on your own can be a little overwhelming, so start by just researching Colorado neighborhoods.
Buying A Home in Colorado
Even if you aren't sure what area you want to move to, looking up specific neighborhoods and learning about their characteristics can help you figure out what location best fits you and your family. Does the neighborhood have an active community? Is there reasonable access to the downtown area? What about the distance from the neighborhood to your work? Answering these questions will help you and your future agent. Another thing you'll want to do in the planning process is to start saving for a down payment. Though this varies from case to case, most lenders will expect you to be able to put twenty percent down on a home mortgage. In order to do this you'll have to start saving immediately. With that said, there are many ways for you to save money without changing your entire lifestyle. Think about some monthly fees that you pay that can be eliminated. Is there anything that you pay others to do that you could do yourself, like yard work or cleaning your pool?
The next logical step is to get a real estate agent. Chances are you've already received something in the mail from a local agent looking for buyers. The keyword here is "Local." Contacting a big chain corporation might be your best option, depending on where you are looking to buy, but going with a local agent will always be better. Local agents have experience buying and selling in your area and already know the market. They can set you up with a free portal to search for homes currently on the market. The same idea goes for your cousin from Utah. They may be a great agent, but if they don't know your area, then what's the point?