10 Commandments Home Buyers Must Follow

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10 Commandments you MUST follow!

These 10 Commandments home buyers must follow may seem like common sense to many. Buyers, however, can sometimes forget with all the excitement surrounding the buying of their new home. In the past couple of weeks, I have heard of two separate buyers who saw their home loan turned down and their dream shattered a few days before closing because they had bought furniture for their new home before it actually became their home. Both of them now have beautiful furniture with no home to put them in.

I always stress that once a buyer gets pre-approved and the process is started, they can’t do anything that might affect their credit.

  1. Thou shalt not change jobs, become self-employed or quit your job.
  2. Thou shalt not buy a car, truck or van (or you may be living in it)!
  3. Thou shalt not use credit cards excessively or let your accounts fall behind.
  4. Thou shalt not spend money you have set aside for closing.
  5. Thou shalt not omit debts or liabilities from your loan application.
  6. Thou shalt not buy furniture.
  7. Thou shalt not originate any inquiries into your credit.
  8. Thou shalt not make large deposits without first checking with your loan officer.
  9. Thou shalt not change bank accounts.
  10. Thou shalt not co-sign a loan for anyone.

If you are in the process of buying a home, remember that your credit must not change or be affected in any way until you actually sign the paperwork and get possession of your new home. Lenders will not only look into your credit when you first get pre-approved, they will check it again (and sometimes again and again) before they let you sign the mortgage. If you want to buy new furniture for your home or change jobs, just be patient. There will always be time to do it after the closing.

Finding Your Ideal Neighborhood

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If you’re in the market for a home this year, look beyond its’ four walls and directly at your neighbors. Thoroughly check out a prospective neighborhood before plunking down hundreds of thousands of your hard-earned dollars. If you want to get the real dirt on your neighborhood, you’re going to have to do some digging. So dust off your trench coat and dark glasses, and get ready to go on a sleuthing expedition.

1. Contact the community association for the neighborhood you are considering. Often, it publishes newsletters, holds meetings, or sponsors community activities, all of which hold potentially useful bits of information about your neighborhood.

2. Subscribe to the local paper or call and ask for a sample of back issues.

3. Locate the community hang-outs. Is there a neighborhood pool or community center? If so, try and visit so you can get a sense of who lives in the area and whether there is a strong community feel.

4. Look for sidewalks. For some, living in a part of the neighborhood with no sidewalks means many things: not as many walks (and therefore don’t meet and greet the neighbors), young kids have fewer safe places to ride their bikes, and it seems to prevent other folks from walking much, too.

5. Visit the neighborhood at different times of the day and at least once on a weekend rather than a weekday. Are most of the folks working out of the home? Is the neighborhood composed of retirees? Are there loads of school-aged children? Are there many young mothers with babies and toddlers?

6. Study a map of your neighborhood to see the proximity of parks, libraries, the nearest hospital, and other amenities. Likewise, try driving different routes to the home so you can see the good, the bad, and the ugly in the surrounding area.

7. Arrange a visit to the school your children would attend, check out the school’s test scores, and find out how many veteran teachers are on staff.

8. Talk to the neighbors and ask them very specific questions. For example, you may want to ask about their perceptions of crime, location, noise, traffic, and community feeling. Is the neighborhood changing? If so, how?

9. Head down to city hall to check on issues with zoning or find out about any projects in the works. You should be able to find out if there are any major road or construction projects planned for the next few years.

10. Pump your real estate agent for information. How long do homes in this area stay on the market? What’s their resale potential?

11. Check your town or city’s website for real estate tax assessment information. By looking at our local real estate tax office website, I can see the value of the assessment, how much of that total is land versus the structure, how the assessor rated the structure’s condition, and recent home sales in the area.

12. Head to the nearest police station to ask for crime rate information. Be sure to ask about the typical response time for emergencies.

13. Check the national registry for sex offenders. Once you’ve gathered as much information as you can, review it. Does the neighborhood seem to meet your needs? Did you find any information that’s a deal breaker? Can you picture yourself living here happily? Be as picky as you can afford to be; no returns or exchanges are offered on neighborhoods.

“9 Critical Steps” to take when selling your home!

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Selling your Colorado home takes a lot more than adding it to the MLS listings and putting a sign in the front yard.  There are nine critical areas that must be addressed to ensure that you get the best results when selling your home.  Here are the “9 critical Steps” that I do for my Selling clients to save them time,  potential hassle – and to ensure that their homes sell quickly , and for top value!

 

1.         COMMUNICATION

  • -Education – It is important to remain educated and up-to-date on listing and current market conditions in your area. That is why I suggest you stay connected to our auto- feed and receive all weekly and monthly blogs about market conditions and home sales.
  • -Keeping You Informed – Provide updates on all activity regarding your home: agent showings, open house attendance, and agent tours and sign inquiries.

2.         PREPARING YOUR HOME FOR SALE

  • -Home Preparation – Suggest constructive changes to your home to make it more appealing, and a sale more likely, to interested buyers.
  • -Home Staging – Present you with professional advice on presenting your home to show exceptionally well, and sell for the highest possible value.

3.         PROMOTING YOUR HOME TO REAL ESTATE AGENTS

  • -MLS Exposure – Submit your home listing for exposure to over 15,000 active agents in the Colorado Front Range Multiple Listing Service (MLS) system.
  • -Agent Tours – Place your home on the weekly schedule for preview by agents specifically interested in property in your area with motivated buyers.
  • -Personal Promotion to Agents – Create a custom publicity E-flyer about your home for personal distribution to each active agent in the community.
  • -Exposure to the Real Estate Board and Point 2 Agents- Promote your home by distributing flyers, brochures, and making personal announcements at real estate board meetings. Currently we have handshake agreements with over 400 Colorado agents to promote your home. Agents are added daily.

4.         PROMOTING YOUR HOME ON THE INTERNET

  • -We will design and build a “Personalized Custom Property Web Site” just for your property. You will be able to email it to your friends and family and we will provide access to the site on the MLS, Zillow and hundreds of other internet sites.
  • -We are “Premier Zillow Agents” making your home a featured home on Zillow.com. Once you list with us your home is a featured home on Zillow for the millions of buyers looking for their perfect home.
  • -Internet Exposure on Google – Generate no less than 500 page viewings per month on our website through Google search engine featuring your property.
  • -Internet Exposure on Yahoo – Generate at least 500 website page views through the search engine Yahoo, using the sponsored search program each month.
  • -Virtual Home Tour – Prepare a professional virtual home tour and selling feature presentation for your home so that buyers can experience the uniqueness of your home 24 hours a day.  We will have quality material with which to market your home.

5.         PROMOTING YOUR HOME IN YOUR LOCAL AREA

  • -Neighborhood Promotion – Send a personalized letter to residents in your neighborhood promoting the features and lifestyle benefits of your home.
  • -Toll-Free Telephone Promotion – Include your property in the PROQUEST 800# Marketing Program so that prospective buyers can listen 24 hours a day about the virtues of your home.
  • -Target Market Promotion – Promote your home in the industry specific Newsletter “Your Home Club” that is mailed twice a month to more than 1000 prospects in your market area.

6.         ADVERTISING YOUR HOME

  • -Print Advertising – To promote your home as part of the Real Estate Book.  This publication has country-wide circulation with millions of readers, and, it is available online.
  • -Local Advertising – Advertise your property in local community newspapers with targeted circulation.
  • -Custom Home Descriptions – Create a custom flyer of features and lifestyle benefits of your home for use by cooperating agents showing your home.

7.         SHOWING YOUR HOME

  • -Centralized Showing Service – Automated showing service allowing for only approved / verified and vetted real estate agents with their clients gain access to your property.
  • -Custom Listing Book – Create a custom “listing book” to be placed in your home for buyers to reference home features, lot, utility, and tax information, neighborhood benefits, schools, shopping, medical, and other buyer benefits.
  • -Easy Access for Showings – Enhance convenience of buyer viewing by placing home on a lock box.
  • -Open House Promotions – Promote your home to the public through Open Houses, at your convenience.
  • -Professional Signs – Maximize showing exposure through professional signage.

8.         MANAGING HOME BUYER “LEADS”

  • -Tracking Interest – Track all home showing agents and public using special sign-in sheets.
  • -Potential Buyer Motivation – Follow-up on all agents who have shown your home to answer questions, and further motivate buyer interest.

9.         MANAGING THE TRANSACTION

  • -Potential Buyer Evaluation – Ensure that any offers from buyers are pre-qualified and capable of closing on the purchase.
  • -Negotiations – Represent you in contract negotiations with buyers to help generate the highest selling price for the home.
  • -Managing the Closing – Coordinate escrow, financing, and closing activities on your behalf to ensure a smooth, hassle-free closing.

 

Relocating to Denver? Don’t stress! We got you covered!

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King Real Estate group understands that moving is an adjustment, and we are here to assist you in every step of the way.  Moving in general can be stressful but relocating to a new city can be very difficult.  For our clients that have recently relocated to Denver this blog is dedicated to you! We created a list of family fun activities, resources, and some of our favorite things to do in Denver.

Relocating to a new city means adjusting your entire routine, finding a new doctor, dentist, or vet, and selecting child care that fits your families needs.  We have put together a list of resources to make your transition as easy as possible.

Resources:

University of Colorado Hospital– Provides primary care practitioners and a wide range of specialist.

Little Britches Nanny Agency–  Provides highly trained nannies that have at least 3 years of childcare experience, and are CPR and First Aid certified.   Services they offer include full-time, part-time, and temporary nannies. http://www.littlebritchesnannyagency.com/

VCA Animal Hospitals– Offers great pet care services.  They have a few locations in Denver making them very accessible.

9770 E Alameda Ave Denver, CO (303) 366-2639

9801 E Iliff Ave Denver, CO (303) 751-4954

1038 E 6th Ave Denver, CO (303) 733-2226

So your new to Denver and need something fun to do?  Denver is said to have over 100 local attractions to engage residents and tourists.  This includes attending a local sports event, hitting up the local amusement park Elitch Gardens, or checking out one of the many museums.

Family Fun 

The Denver Zoo is a place the entire family can enjoy.  They offer one of the largest elephant exhibits in the country.  For more information check out their website: http://www.denverzoo.org/

Denver Museum of Nature Science is a great place to bring the kids during school breaks and weekends.  For more info: http://www.dmns.org/

Miners Maze and Adventure Blast has everything imaginable to keep your kids entertained.  Check out their website for family fun: http://minersmazeadventureland.com/

Some of our Local Favorites

Sushi is my all-time favorite food and when I get a craving this is the place I go: http://sushiden.net/

My favorite place to be for Monday night football is downtown Denver at the Tavern.  This sports bar offers a fun night life during Thursday, Friday, and Saturday nights and is one of the best places to catch a game.  Check out their Happy Hour deals: http://www.tavernhg.com/ .

We at King Real Estate Group pride ourselves on providing  clients with knowledgeable, personalized, and innovative real estate services.  For more information check out our website http://www.kingrealestate.net/ .