Congrats on taking the first step to buying a home! What step might that be? Well, you’re here at Thrive Real Estate’s website featuring homes for sale in Denver and the surrounding areas – so congrats on finding us!
As a first time buyer you should always start the home search with a mortgage professional you either know and trust or who comes highly recommended. This is the place where everything begins in the process of buying real estate in Denver (and anywhere else for that matter).
A good mortgage broker will be able to explain all of the necessary details about the process of buying a home. They will also be more fully qualified to look at your individual situation and give you a more complete analysis of what financing options are available and which types of loans or mortgages will best suit your individual needs as you purchase your first home.
Some mortgage lenders offer very enticing deals to first time buyers, which include benefits that may not be available to other parties who are purchasing real property as an actual investment instead of buying a primary residence. FHA (the Federal Housing Administration) in particular has very compelling rates and loan packages for first time buyers.
Buying your first home is a major expense, and as such, it is important to know how much the you have to spend before going out and trying to spend it. There are so many loan and mortgage options available to the first time buyer that it is imperative to start any home or property purchase with a lengthy discussion with the loan officer or mortgage broker in order to make sure that all of the proper options can be readily explored.
Another important step in the home buying process is to get very familiar with your top 3 neighborhoods. By narrowing down where you want to live, you will save yourself a lot of time in the home search process. We recommend you spend some time in the top 3 areas of your choice. Go out for dinner in those areas. Get coffee. Talk to people on the sidewalk. Park your car and walk or ride a bike. Go grocery shopping. Be sure also to spend some time in those areas at 8-9am and 5-6pm to gauge traffic and community pace.
As you figure out your top choices in neighborhoods, we recommend you also use our award winning Home Search Tool…
Lastly, be sure to let us know as soon as you begin thinking about buying a home. The earlier we partner with you in the process, the more value we can add, and the greater chance we have at helping you find a great property at a great price in a great neighborhood. In short, if we are able to begin working with you early on, we will be able to fulfill our mission, which is to give you “more than you expect, exactly what you deserve”.
Real estate terminology got you stumped? No problem – click here to use our online real estate glossary!