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Pre-Buying Tips

Friday, February 25, 2022   /   by Jeff Lovato

Pre-Buying Tips

If you are planning to buy a home soon, there are steps you can take now to ensure your home buying process goes smoothly.

Learn about Colorado neighborhoods

When you purchase a home, you’re not only considering a house – you’re also looking for a neighborhood that fits your family. Whether you are looking for an active community, access to downtown or the mountains, or a quiet home for retirement, make sure you find a neighborhood that meets your needs.

Start by considering Popular Places to Live in Colorado. Or, if you have a specific area in mind, learn more about the cities and neighborhoods on TheLovatoGroup.com. Schedule visits to the cities and neighborhoods where you are considering purchasing a home. With an early start, you can scope out multiple areas and get to know the ones that will fit your lifestyle best.

Start Saving for a Down Payment

Make small changes to start setting aside more money for a down payment on your new home.

You don’t have to give up all your coffee, restaurant visits, or new shoes to save for a down payment. Making small changes at home can add up to big savings. 

Most financial advisers recommend putting 20 percent down on a home mortgage, but there are many lenders that require less depending on the home loan. Talk to our real estate agents for a more accurate estimate. They can also recommend local mortgage professionals to connect with.

Get Pre-approved for a Mortgage

As you start looking for a new home, you’ll need to know how much you can spend. The best way to do that is to get pre-approved for a mortgage. To do this, you’ll need to provide financial information to your bank and they will tell you how much they can lend you. Having a preapproval letter shows home sellers and real estate agents you’re a serious buyer, and can give you an edge over home shoppers who haven’t taken this step yet.

You can also use the mortgage calculators on TheLovatoGroup.com or consult with our real estate agents for a more detailed analysis on the price ranges of homes you can afford.

Connect with a REALTOR®

A local real estate agent is the best place to start your home buying process. Even if you’re not yet ready to seriously consider homes, our real estate agents can help you get to know the housing market in Colorado. They can also provide relevant resources about purchasing a home, recommend steps to take if you’re planning on selling your home next year, and set up custom searches based on your home wish list.

Working with a REALTOR® offers many benefits for home buyers. 

Start Your Home Search

Starting your home search early can help you learn about your preferences and prepare you when it is time to start seriously looking. Browse homes for sale on TheLovatoGroup.com and think about the features that you love (or can’t stand). Start making a “wish list” and a “must-have” list to share with your real estate agent.

Buying a home requires a lot of preparation. 

An early start and the right Real Estate Agents will make the home buying process less stressful when you’re ready to find your Colorado home. 

Source: Recolorado.com 


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Keller Williams Integrity Realty
Jeff Lovato
50 S Steele Street, Suite 700
Denver, CO 80209

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