Congratulations! You have either just decided to purchase a home in Denver, or you are taking the first steps by looking into what the process of purchasing a house in Denver. Whether you have been renting, in a roommate situation or looking to take the next step in life, this guide will help you prepare ahead of time so you know exactly what the process of purchasing a house in Denver looks like.
I've heard Denver is a 'Competitive Market'
True. Depending on the timing, inventory and number of buyers in your price range, Denver can be a very competitive market for buyers looking to make their first home purchase. That's why it's incredibly important to align yourself with a professional who knows not only the local buying environment but the loopholes that many other buyers are missing entirely giving you the upper-hand.
How much will I need for a Down Payment?
As a general rule of thumb: The larger the down payment, the stronger the offer. To increase the probability that your offer will be accepted the first time, consider Conventional Financing with a Down Payment of 5%. In some cases, FHA financing could be an option at 3.5%. I can help you size up with HOA fees, taxes and other out-of-pocket expenses you might need so that there are no surprises.
What should I do next?
If you are ready to take the next step in your journey to buy a home, click the link below to complete a Buyer Questionnaire form which will allow our team to understand what your ideal property looks like. This series of questions will clarify exactly where you are at in the buying process, where your ideal location is, what your perfect home looks like and more.