First-Time Home Buyers

Buying your first home is an exciting new step in life—but we understand it can also be daunting. That's why we're here, to help you through it!

Finding Your First Home

Purchasing your first home is an exciting new phase in your life. From the first interview that determines your requirements to the moment that you receive the keys, we can help you with the complicated process of buying a home. We are here to ease your worries and answer all your questions. We simplified the buying process below so that you can see what it looks like step-by-step. Don't hesitate to contact us to learn how we can make your home-buying process easier!

The Buying Process

Are You Ready for Home Ownership?

Owning a home in Colorado may be your dream, and for the purchase to be the happy and satisfying experience it is meant to be, you need to ensure that you are financially and mentally prepared for the responsibilities that come with it.

Some people believe that homeownership is like renting, but with the power to have pets and paint the walls whatever color you like. However, while these privileges are available to homeowners in most municipalities, they come with the responsibilities of a mortgage, taxes, and home maintenance. Preparing for homeownership requires you to take critical stock of your finances and your expectations. Search now for homes in the area.

Questions for Prospective Homeowners

Are you ready to buy?

Owning your own home is about more than just being able to decorate any way you like; it's about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It's about being willing to take the risks of homeownership with a realistic expectation of the rewards.

How much can you afford?

It can be discouraging to find that your salary won't stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make homeownership a burden rather than a point of pride. It's better to buy a modest home now and look at purchasing your "dream home" in a few years.

What is your debt-to-income ratio?

This is something that lenders take very seriously. Your overall debt should not be more than 40% of your income, and your housing debt should not be more than 32%. What 32% of your income will buy depends on where you want to live. In rural areas, for example, it can buy a very comfortable residence and ample acreage. In highly sought-after urban areas, however, it may not even buy a 400 square foot studio.

What do you want?

Do you like the idea of cleaning your gutters? Do you shudder at the thought of lawn care? Would you rather just pay a fee every month and have everything done for you? Would obeying rules about when you can have your garbage cans out bother you, or do you want to live in a neighborhood where everything is "just so?" The answers to these questions can help you narrow down the search for the right type of property for you.