Tips on buying a house in the Colorado Housing Market.
Real Estate Agent expert Leslie Parker offers invaluable advice about buying your dream home. Buying a house takes time – decisions shouldn’t be made in a rush. Here are some ways to be prepared and make the process less daunting.
Ask LOTS of questions.
For example, many ask about the earnest money: “Will they cash my earnest money check?”
Yes they will! Your earnest money check is made out to the Title company of the Seller’s choice, for the amount that is listed in the MLS. The title company will deposit the your check into an escrow account for the duration of the transaction. This exchange of funds means that you, the Buyer, are “in earnest” about purchasing the home. A Buyer usually has 3 business days to get the earnest money to the title company. If this does not take place, the contract is null and void.
“Do I get my earnest money back if I don’t buy the house?”
Yes, usually. In today’s hectic market, most contracts come apart during the inspection process which consist of the physical condition of the home, the Seller’s Disclosures, Title Work, and if applicable, the Home Owners Association.
Bottom line: Patience, preparedness and your real estate agent are your biggest assets in getting your dream home; the biggest, most important purchase you’ll ever make!
About the author:
Leslie is a true partner in your home search or sale process. With extensive market knowledge and a tenacious spirit, Leslie sticks with her clients until their real estate dream is realized.