First Time Home buyers in Denver

As an agent in today's market, I believe the biggest hurdle is getting a first time buyer into a home they LIKE! Our prices have sky rocketed in the last few years leaving first time home buyers struggling to afford anything let alone something they actually LIKE. Agents and lenders alike work relentlessly week in and week out trying to beef up every offer to make them appealing to the seller as they possible can be. However, with some buyers having access to cash, it makes it extremely important for buyers (without cash) of any magnitude to be 100% qualified before making any type of offer so they the buyer does not lose the home they LOVE. SO..... I have decided to blog about the beginning steps a buyer 1st time or veteran NEEDS to do before ever looking at homes,

Speak with a lender preferably your agents lender because an agent/lender duo is like a well oil machine.

• With-in speak with the lender they will request a bunch of documents (pay stubs, 2 years filled taxes, bank statements, etc)  these are vital to a successful transaction because they base your purchase off the documents requested. I can't tell you how many times buyers don't see the value in providing these documents which ultimately prevents them from purchasing.     
• Once you have met with the lender and turn in EVERY document requested, your lender will provide your agent with a pre-qualified letter which tells the sellers agent they you have officially been reviewed and pre-approved. At this time you should start looking for homes to purchase. ( this is not a 100% guarantee you will get approved but its as close as you can get..
• Lenders run buyers through an automated under writing system typically once they are under contract on a home BUT can actually run you through before you are under contract. This helps strengthen your offer because it tells the sellers agent that you have been through all the firsts steps of approval and are qualified to purchase the home,

If you would like to start the buying process I would LOVE to get you in touch with my lender. Please reach out to me today!

Brittney McCune 

www.greatwayrealestate.com

Brittney@greatwayrealestate.com