The Art of Being a Good Buyer
Synonyms: purchaser, customer, consumer, shopper, investor
What is a good buyer?
A good buyer is someone who knows what they are looking for, not necessarily in exact terms, but in a way that when they see the home they want, they will know and they will be prepared to seal the deal.
In the current market here in the Metro area, homes are still flying off the market within days of being listed. Please see the information below to make sure you are prepared to go "shopping".
#1 - Get pre-approved.
You will need to be pre-approved by a lender and have their letter in hand BEFORE you go shopping. Why is this so important? Because a Lender Letter is required when submitting an offer for a home.
No letter No offer submitted = No home for you
If you need help in getting pre-approved, I have a few preferred lenders that I work with. Please call me to discuss the best option for you.
If you have the means to be a cash buyer, you also need to have proof of funds from your bank showing that funds are readily available.
#2 Don't Realtor® Hop
Find someone you like and feel comfortable with. I will be your new best friend through this process, and after. Most Realtors® will require a signed Buyers Agreement. Don't let that scare you off, it is a commitment to your broker's good faith, loyalty and fidelity.
#3 - Communicate clearly with your Realtor®
Make sure you are straight forward with your Realtor® about your wants and needs for a home. If they send you a property listing that doesn't interest you, let them know why and be detailed. There are many homes that have 2 bedrooms and 2 bathrooms but they are all different. You will help pinpoint the search greatly if certain factors can be included or excluded.
If you say you want a home in the metro area, this is very broad request. To help your Realtor® narrow the search make sure to mention what you might like in a neighborhood or in a community. Do you want to be within walking distance of shops and restaurants? Do you want an attached garage? Are you okay with street parking? Do you only want to look at homes that face south? Do you need a master bedroom on the main floor? The list can go on and on!
#4 - Be ready to roll when the time comes
Why? Because the current trend in Denver is for well priced, well presented properties to go under contract within days of the listing going on the market. Your Realtor® can't predict when homes you like will pop onto the market but it is their job to alert you as soon as they do. You need to be ready for that call. Otherwise, "You Snooze You Lose!"
#5 - Your Realtor® is your friend
When the call comes in that a property has become available matching your search criteria, your Realtor® may suggest viewing the property as soon as possible. They might even ask if you would like to view it that same day! You might be taken aback or prefer to wait until a later time because such a quick showing seems a bit hasty.
Please know that your Realtor® is not trying to be pushy or bossy, they are taking into account that this is a home that could be the right one for you and the sooner your view it, the sooner you can submit an offer.
#6 - Your Realtor® has your best interests at heart
Think of me as your cheerleader, your coach. I am here to support you through this major life decision and to help make it a smooth transition. I am trying to help you get the home you love. More importantly, I always hope that the experience is a positive one that you will remember well.
Thank you for being a great buyer and I look forward to working with you very soon.
Questions or Comments? Email Us!