New Year’s Checklist for First Time Home Buyers in Denver

Written by Posted On Thursday, 22 December 2016 18:11

If you’re making a resolution to take the leap from renting to buying in 2017, you need to know a few things to make sure this New Year’s resolution succeeds. If you plan to make 2017 the year to own your first home, here is a checklist of the things you should start doing to make your goal a lot less stressful.

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Make sure you’re ready- Ask yourself questions like if your job is stable or do you see yourself living in that place for the next five to 10 years? You will get the best interest rate if you have at least 20 percent of the home’s purchase price saved as a down payment. But there are first time buyer programs available that only require you to have a few thousand dollars for the earnest money deposit. Also, make sure you are prepared for all the extra work that comes with homeownership. Owning a home entails more maintenance than renting. Being certain about these questions will help you decide if you’re ready or not.

Create a list of “must haves”- It’s important to know which features you are willing to compromise on and which are deal breakers. Buying a home always involves compromises. You must also gather documents like collecting your proof of employment, such as pay stubs or copies of the past two years of tax returns if you’re self-employed. You will also need to have copies of your bank and investment account statements from the past 30 days.

Figure out what you can afford- get prequalified or pre-approved with a lender. Keep in mind that your mortgage payments aren’t the only cost you will need to consider. You’ll also want to make sure you’re financially able to handle other expenses like utility costs, yard maintenance, pest control, and any repairs and maintenance that will pop up in the future. Tax rates will vary in different communities, of course, but your lender will factor in an average rate with your pre-equal amount.

Buying your first home is one of life's major milestones. It's easy to get caught up in the euphoria of the decision and overlook the reality that it costs a significant amount of money not only to buy a home, but also to keep it and maintain it. But most homeowners will quickly agree that it’s all worth it. They love the financial advantages and the certainty of controlling their destiny with regard to housing location and costs.

If you’re ready to look at getting started on your path to home ownership, contact your local metro Denver real estate professionals, The Bandy Team! Our team will guide you through all phases of the home buying or home selling process in Denver. Let us show you homes in some of the fine communities of Castle Rockincluding real estate in Castle Pineshomes in Founder's Village, or property in The Meadows.

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 - Denver Real Estate & Homes 



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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

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