Buying

The Home Buying Process… Step-by-step

• Select a Realtor and establish a relationship.
  At the Berkshire Group, you will be working with full-time, Professional Realtors with extensive market knowledge. You will be able to work closely with your Realtor to find the right home for you.

• Initial consultation
  You will be able to consult with your Berkshire Group Realtor to obtain a complete understanding of the home buying process, develop current market knowledge, discuss the legal relationship you will have with your Realtor, and receive advice on obtaining the best mortgage financing with the best local mortgage bankers.
• Identify properties
  You will be shown homes that best meet your needs based on the criteria you establish. With the assistance of your Berkshire Group Realtor, your home search will be precise and direct, saving you time and avoiding the frustrations of looking at the wrong homes.

• Performing Due Diligence
  When you find the perfect home, you will receive assistance in determining the best offering price and negotiating strategy to get the best buy possible.

• Purchase Offer
  Your Berkshire Group Realtor will draft a contract offer for you, providing valuable advice on protective contingencies, customary local practices and structuring the offer to serve your needs.

• Presentation of offer
  Your Berkshire Group Realtor will present your offer to the seller’s agent. The seller may accept, reject, or counter your offer. You can be assured that we will communicate the response in a timely manner, review the Seller’s response with you, and with our personal knowledge of your needs will represent your interests to your best advantage.

• Notifications
  Your lender and the assigned title company will receive the final negotiated contract as soon as it is complete, and continued communication’s with all the parties necessary to complete a timely closing will be conducted on your behalf until you receive the keys to your new home.

• Contingency period
  This is the time allowed per your Purchase Agreement to obtain financing, perform inspections, and satisfy any other contingencies to which your purchase is subject. Typical contingencies include:

1. Approval of any covenants
2. Approval of the title insurance commitment
3. Loan approval including an appraisal of the property
4. Physical inspections of the property

• Homeowner’s Insurance
  You can have your insurance agent contact us to coordinate the issuance of fire and casualty insurance.

• Closing Funds
• Your Berkshire Group Realtor will brief you on your closing and settlement information prior to the closing.  At that time, you will be advised as to the amount of the Cashier’s Check you will need to bring to closing
• Closing
• Although closings many times occur with all parties assembling around a table, it is possible, for your convenience, to complete a closing using overnight express and fax information.  The Deed  will be recorded after the closing.
• Remember, Colorado is a table-funding state, not an escrow state. You should discuss this process with your Realtor.

Congratulations! You are now a homeowner.