Home is Where the Heart Is (and Your Biggest Financial Investment Is)

By Shirley Watson, Berkshire Hathaway HomeServices

I have always believed that home is where the heart is. For many, your home is also the single biggest investment in a lifetime both monetarily and emotionally. Listed below are a few insights that I hope are helpful.

With the economy improving and a booming housing market in Northern Colorado, more and more people are taking steps toward buying and selling. For some, it’s a move into a first home. For others, it’s downsizing to accommodate an empty nest. One thing that is constant in any home buying transaction is the need for research, research, and more research. Arm yourself with as much information as you can and never be afraid to ask questions.

Dream BIG

When considering a new home, start with a wish list. Consider your priorities whether it be more space, a specific neighborhood, great schools, or an investment property. Identifying what matters most to you and your family is a great place to start your search.

Choose the right Realtor®

The first step for many home buyers is choosing the right Realtor ® and thoroughly communicating your goals to them. A Realtor® can help you find your dream home, navigate the market, and in many cases open your eyes to possibilities and homes you might never have considered.

Do your research and find an experienced professional who knows the value of the market, can negotiate contracts, seek out deals, identify pitfalls, and assist with financing questions. In other words, a seasoned expert is an asset in the home buying process.

When interviewing Realtor®s, it is important to ask the right questions, including:

  1. How long have you been in this business and what is your background in?
  2. How many transactions have you completed?
  3. Do you have a particular market focus, either a specific neighborhood or price point?
  4. Do you have an assistant in case I cannot reach you?
  5. How many other buyers are you currently working with and will you have the time to dedicate to my purchase?

Meeting a Realtor® face to face offers a unique opportunity to truly familiarize yourself with them and decide whether or not they would be a good fit to help you accomplish your home buying goals. While the internet is a valuable tool for gathering information, it is imperative to have a strong level of comfort with, and confidence in, the Realtor® you select and that can best be accomplished by personal human interaction.

A word of caution regarding Internet Sales

Be advised not to be too quick to give your information out over the internet. Some websites advertise that they will find the right Realtor® for you and require your personal information in exchange. These websites are often not your best resource and your contact information is used to refer you back to a Realtor ® who will pay a fee for your information.

Choose the right lender and financing

Another key component to a successful home purchase is to have a strong, local lender on your team. A versatile lender who can offer an array of financing options is an advantage. Also having that personal interaction and access to your lender can speed up the process and expedite your approval. A local lender understands the market place and can be invaluable in helping navigate through the financial portion of the home buying process.With Northern Colorado’s strong real estate market supported by many local corporations, the versatility of the loans available through local lenders is unmatched by most.

For more than three decades, Shirley Watson has been recognized as one of the top Realtors® in Colorado. She also has been recognized by Colorado Big Magazine as one of the 25 most powerful sales people in the state of Colorado. Her accolades also included being a top relocation specialist as well as a local expert in the areas of residential and new construction home sales. She can be reached at 970-481-8255 or Shirley@shirleywatson.com.

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