Monday, 29 May 2017

Your New Denver Home Should Be The Best Buy of Your Life

Written by Posted On Wednesday, 11 January 2017 02:09

In our lives, everyone dreams of having a brand new house.  There is nothing quite like taking possession of a home where no one has lived before!  Your kids' pictures require the first nail holes to be put in the wall.  You get the first shot at landscaping and decorating the way you want without having to undo someone else's questionable taste. And everything in a new house sparkles and dazzles you.

There are a few things to keep in mind to make sure that your new home buying experience is a great one.

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First, before you start seriously looking, get pre-approved for a loan. This will tell you how much the lender thinks you can afford and will be a good benchmark against the builder’s lender. Think about how the payment at different interest rates will impact your lifestyle. When you go looking at homes, have a max price in mind and stick to your price range. Don't set yourself up to be a foreclosure statistic!  If you have a $100,000 income, looking at $1 million homes might be an entertaining way to spend an afternoon (for you, not the realtor), but homes that are way out of your price range pose a risk for you.  It's easy to be seduced by a beautiful home. Model homes are set up to be appealing, while the sales people are always convincing when they tell you that you and the house are made for each other!  Having a realtor represent you with the builder is good advice and will help make sure you get the best deal possible. A realtor can represent your interests at no cost to you, because the builder pays the fees.

Before committing to buy the property, it's a great idea to get a few good faith estimates (GFE's) of the mortgage costs, including the APR (annual percentage rate), as well as the terms.  Builders usually offer financing that might at first glance appear to be the best deal, but having some other lenders lined up for comparison might reveal hidden fees and give you some negotiating power.

Often, builders will include upgrades to use their lenders.  Shrewd but polite buyers who have a realtor representing them can often negotiate an even better deal.

Though the model home may look flawless, it is a good idea to ask the neighbors about their experiences with the builder.  It's important to know what kind of problems they’ve had and even more important to know how the builder has responded and how long it took them to respond.  If you see too many red flags, it's time to reconsider.  If you're in love with the house, breaking up is hard to do - but your love could quickly turn to hate if you are stuck in a house with lots of problems and poor support system.  Here again your realtor can offer advice.

Once you've made an offer on the house, make sure to pay for a home inspection from an independent firm.  Just because the home is new doesn't mean it's perfect.  The builder may say he will stand behind certain types of problems that come up in the first year, but an inspection will bring them to light.  Fifty perfect of new home inspections uncover a flaw in design, materials, or workmanship, which could prove costly to the homeowner later on.

If you have bought a partially completed home or one you picked from a plan, you will probably drive by occasionally to observe the progress.  It's a good idea to take some pictures of the progress that might later document problems in construction.  (They will also serve as a memory of your largest purchase)  Some excited friends who stalked the site of their new home noticed that something did not seem right when the foundation was laid.  They weren't engineers, so they didn't know what.  Their photos helped the builder troubleshoot a problem with the concrete and later alerted the home inspector to test for leaks in the foundation.

Before you close on the home, walk through the home with the builder and develop a punch list of problems that need to be fixed.  The builder will mark these items with tape so that his crew will know what to fix.  Once the repairs are complete, it's a good idea to have another walk through.  The builder may pressure you to close before everything is fixed but once you've closed, you lose leverage, so don't give in.

If you have any questions about real estate, feel free to contact your local metro Denver real estate professionals, The Bandy Team! Our team will guide you through all phases of the home buying and home selling process in Denver Let us show you homes in some of the fine communities of Auroraincluding real estate in Saddle Rock homes in Heritage Eagle Bend or property in Tallyns Reach.  

We are here to help you find your dream home and will guide you every step of the way!

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Until next time,

Marianne Bandy, Team Leader

The Bandy Team

 Keller Williams Park Meadows

BandyTeam.com - Denver Real Estate & Homes

720-466-3790

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Marianne Bandy

Marianne is a professional LDS Realtor in Denver with outstanding integrity, who takes the time to understand your specific housing and family needs. She is the team leader of one of the top selling Real Estate Teams in her broker's office. She understands that a big part of your family's happiness depends on the home and community where you live.  LDS Realtor in Denver Colorado

One of Marianne’s greatest passions is helping people with their Real Estate transactions, typically one of the largest financial transactions they will undertake. Marianne is the listing agent for the team but also loves working with Latter Day Saint home buyers as well.  Marianne uses her expertise and market knowledge so that her clients get the most accurate and up to date information possible. Marianne has a breadth of experience working with clients through all aspects of closing on a home. When listing homes for sale, this includes readying the home for sale, developing a marketing strategy, getting feedback on showings, negotiating inspection items,  and many other details that lead up to a successful closing. 

Marianne is excellent at contract negotiations and looking out for the best interests of her clients. She has obtained the Certified Negotiation Expert (CNE) certification. When helping Buyers, she loves the feeling of helping families connect with the right home in the right community. She also has knowledge of ward and stake boundaries, meeting house locations,  youth programs, drive time to the LDS Denver temple, and seminary locations for your high school children. 

If you’re looking for solid results and a WOW! experience, then call Marianne and put her to work for you. In the last two years, the Bandy Team sold 125 homes.  The Bandy Team has the experience and proven systems you need to make your transaction as smooth and worry-free as possible. 

The Bandy Team is committed to conducting business with the utmost integrity. The team was formed on the principles of honesty and loyalty with clients. Marianne believes in surrounding herself with good people that share her values.  This includes good business partners that can aid in all aspects of a real estate transaction, including home inspections, loans, transaction coordination, home repairs, etc. Marianne and her entire team are committed to the highest levels of customer service for their clients. 

Who you work with Matters!  

LDS Real Estate Agent in Denver Colorado

www.BandyHomes.com
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