An Overview of the Buying Process
- Initial Consultation
- My role as a Buyer's Agent
- Understanding your needs, expectations and price point
- Narrowing your home search criteria based on property age, location, amenities extra photos and property video walk-throughs that can be viewed online
- Property Selection
- Touring neighborhoods and viewing properties
- Understanding the importance of location and Telluride's free transportation system
- Making an offer on a favorite property / starting the purchasing process
- Financing
- Cash Buyers are common in Telluride. Cash offers enhance the sellers confidence and have helped many buyers secure lower average sales price
- Loan Pre-qualification is needed to submit the initial offer when full cash financing is not an option. In most cases a Pre-qualification letter can be issued by a financial institution in less than a week and as fast as few days.
- Local mortgage firms understand Telluride and have always successfully provided mortgages in our unique market area where national providers have failed.
- Making an Offer
- Making the initial offer based on current market value, comparable properties and a starting price
- Earnest money deposit are held on the behalf of the buyer and seller by the Title Company showing the buyer's good faith intentions to close the transaction
- Meeting all contract deadlines and timely submission of any objection to terminate the contract upon the failure of loan fulfillment, inspection or any other reason documented in the contract
- Understanding the state of a property given all provided disclosures and inspections
- Closing
- Understanding the role of a Title Company in collecting all required documents and signatures from both the buyer and the seller to insure a fair and smooth transaction and closing with recording of the deed transfer.