Buyer's Guide

A Step-by-Step Buyer's Guide

Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, it's important to know what to expect during the process. This step-by-step buyer’s guide is designed to give you an overview, reduce the stress of buying a home and help you enjoy the journey as much as possible.

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Step 1: Research

Do you already know where you want to buy? If you want a condo, townhome, or single-family home? Which features do you like and dislike? What’s available on the market now? If you answered no to any of these questions, now is the time to start researching. In addition to looking for homes that interest you, also take note of any changes in asking prices. This could give you valuable insight into housing trends in specific neighborhoods and help you when the time comes to make an offer.

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Step 2: Decide on Your Budget

In many cases, a lender will pre-approve you for more than you’re comfortable spending, which is why you need to determine the monthly payment you feel comfortable with before talking to a lender. This likely includes doing a full household budget and taking into consideration what changes other than a mortgage payment will occur once you move into your new home. For example, if you’ve lived in an apartment, you don't want to overlook new expenses like garbage, water, or HOA fees that could possible max your budget.

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Step 3: Get Prequalified

You may be confident that you can afford a certain payment every month, but that doesn’t mean the lender will agree. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or deny you a mortgage altogether. Lack of time at a job, insufficient credit, past bankruptcies, or other financial issues can cause major problems when trying to secure a mortgage. Before you get your heart set on a home, talking to a reputable local lender is an important first step to find out what amount you can qualify for. This will also be an advantage when you make an offer on a home, as some sellers won’t entertain offers from those who aren’t already prequalified for a loan.

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Step 4: Choose a Real Estate Agent

Not only will we help you identify neighborhoods and properties that may be of interest to you, arrange showings, and handle the offer process, but we also have a deep knowledge of the market which ensures you're confident with your offer price and terms. We are skilled negotiators and savvy problem solvers. Finding and securing the perfect home can be a daunting task, this is where our expertise and wealth of knowledge come into play. Let us guide you through the complexities of homebuying so you can move into your dream home.

Our Goal Is to Provide You with Exceptional Personalized Service to Help You Find Your Home, Your Neighborhood and Your Community Where You Will Live Your Best Life and Thrive.

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Step 5: Find the Right Home

This should be the most enjoyable step of the entire process (other than moving in!). We will arrange showings of homes you’re interested in that meet your budget goals. Inventory what you like and don’t like, and make sure to pay attention to details. Don’t limit your inspection to the home itself. It's important to take time to explore the neighborhood and nearby amenities. You may want to keep an eye on traffic at certain times of the day, consider commute times, the parking situation, and proximity to necessities like schools and grocery stores.

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Step 6: Make an Offer

Once you have selected the perfect home, we will work together to craft an offer with price and terms that are acceptable to you based on the value of comparable homes and market conditions. Depending on the list price and whether the current environment is a buyer’s or seller’s market, you may choose to offer below, at, or even above the asking price. We will negotiate on your behalf to reach an agreement with the seller and secure the property with an accepted contract.

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Step 7: Have the Home Inspected

In most cases, your offer will be contingent on having the home inspected to ensure there is no major structural damage or large repairs needed. We can help you arrange this, and it's typically scheduled within days of making an offer. You can request the seller address any issues that are important to you. We will help negotiate a resolution that is acceptable to both parties. If you can't come to an agreement with the seller you have the right to terminate your contract.

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Step 8: Select Your Loan

Now is the time to go back to the mortgage lender who pre-approved or pre-qualified you and choose your mortgage. You will be presented with various options based on your unique financial situation, including fixed-rate, variable-rate, 15-year, 30-year, or special programs such as VA loans or FHA loans. Work with your mortgage lender to select the option you feel the most comfortable with and is inline with your financial goals.

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Step 9: Get a Home Appraisal

Your lender will have your new home appraised so they have their independent value of it. The appraisal is to ensure that all parties involved are paying a fair market price for the property and the loan amount is justified.

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Step 10: Finalize Paperwork and Close

No one looks forward to all the paperwork involved in buying a home, but it’s a necessary part of the process. Fortunately, everything will be arranged by your lender and title company and, when you’re finished, you’ll know you are the legal owner of your new home.

Congratulations!

After signing the final paperwork to complete the purchase, you are now the owner of your new home. 

Our Testimonials

Karen

Karen

Our experience working with Kendall was outstanding, in spite of the time being an enormously stressful time as we were selling my parents' home of 45 years. She was recommended to me by a colleague who had an excellent experie...
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Hannah

Hannah

As a first-time home buyer, I knew that I’d need to choose a realtor who really knew the market and would be able to answer all of my questions and concerns. Not only did Kendall excel in all of those areas, she was able to hel...
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Mike

Mike

Kendall Boyd is the gold standard of what a broker should be. She facilitated the sale of our condo and the purchase of a new townhome flawlessly. From beginning to end, Kendall was professional and knowledgeable, recommending ...
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Nancy & Britt

Nancy & Britt

We feel extremely fortunate to have been introduced to Sara when we were looking for a house in the Denver area. In addition to having an outstanding knowledge of the market, she has excellent communication skills and responds ...
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Cristin & Terri

Cristin & Terri

Sara impressed us with her skills as a realtor from our initial meeting. She took the time to answer all of our questions and offer further explanations as we went through the home buying process. With the Denver metro real est...
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Adam & Ashley

Adam & Ashley

Buying a home in the Denver market is so overwhelming, and believe me when I say my husband and I were beyond grateful that we had Sara as our ally. Her responsiveness is 10/10 and she is always prepared. She was attentive to a...
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Jim & Becca

Jim & Becca

Sara is in the top 1% of real estate agents in the Denver Metro area. She brings a strong professional presence and mountain of experience for any residential real estate deal. My wife and I purchased our first home with Sara; ...
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Tanya & Patrick

Tanya & Patrick

Kendall's professionalism and attention to detail were above and beyond our expectations. From the moment we talked to her about selling our house, she had a plan and a timeline that were reinforced and executed with daily comm...
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Brett

Brett

My mother unfortunately passed away and I was in need of a real estate agent in the Denver area. Kendall was referred to me and I couldn't be more pleased with the outcome. I live in California and was not familiar with the rea...
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Dan & Hilary

Dan & Hilary

As a National head of sales I have quite high standards as to what I expect from our reps, Sara is an absolute pro. She guides clients, walked us through every step, set the right expectations upfront and helped us navigate thr...
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Don & Hannah

Don & Hannah

We started communicating and working with Sara over a year ago, months before we made a cross country move with our family. From the very beginning, even while out of state, Sara was prompt, thoughtful and extremely knowledgeab...
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Denis & Jen

Denis & Jen

We were fortunate enough to meet Kendall at an open house and instantly felt at ease with her personality, knowledge, and sensibilities. Kendall knows her business and is instantly responsive to questions, is proactive with her...
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Stephanie & Justin

Stephanie & Justin

Buying or selling a home is an inherently stressful process. With Kendall as our broker, it was as stress-free as it could possibly be. Kendall was our broker when we bought our home several years ago and again when we decided ...
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Nicholas & Courtney

Nicholas & Courtney

Sara was amazing! Her guidance and communication with the seller were instrumental in helping us buy the house we loved, in a very competitive market. She also helped us sell our house, and staged and marketed it beautifully. E...
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Work With Us

Kendall and Sara care deeply about all of their clients, from first-time home buyers to those selling and moving on to the next phase of their lives. They take the time to get to know each client, their needs + their goals so they can craft an amazing personalized experience, regardless of price point, home style or location.

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