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I've recently covered topics concerning how hot the Denver real estate market is and what you can do to win offers on a home. However, I haven't instructed my clients on what to do after they've won the offer, so today we'll be speaking about the actual process of purchasing.
The most important thing that I can tell you to do once you've won an offer on a home is to not mess with anything that's related to your finances. Don't pay off credit cards, don't buy a new car or boat, and don't make any other large purchases. If you absolutely need to do so, speak with your lender before you make any financial transactions like these.
I've seen clients get excited after they win a home, and they go out and celebrate by purchasing furniture and credit cards, and then they're turned down for the loan because of it.
Another important part of the buying process is having home inspections done on your future property. These inspections are really geared towards safety, because the FHA requires certain things out of homes.
These home inspections won't really deal with any cosmetic concerns because the Denver market is so hot right now that they aren't a huge deal.
As always, if you need help buying or selling in Denver, please don't hesitate to contact me!
