The best part about "selling" Real Estate is that there is no selling involved. The process is simple... when a client comes to you with a need, all you have to do is listen, understand the need and then solve any problems or remove any obstacles that get in the way.

While it’s not usually easy, his formula seems to work, as Alan has been in real estate for over 35 years. For the past 29 years, he’s been a top producing ERA Shields Real Estate agent and has been rated among the top 1% of real estate agents nationwide, based on annual sales volume. 

With Alan’s and ERA Shields Real Estate’s expertise, families are able to achieve their real estate goals with a professional and thoughtful team at their fingertips. Give us a call or send us an email today so we can begin working for you!

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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For Buyers

Understanding the Home Buying Process


Buying a home is a process that involves several key steps.
Understanding these steps can make this process go more smoothly.


When you take a road trip, you follow a map and familiarize yourself with important milestones. Buying a home is like a journey, too. If you become familiar with the travel plan, you’ll feel more comfortable knowing where you’ve been, where you are and the final destination. This section lays out a roadmap for the home-buying process and summarizes six key milestones in the journey. These steps are explained more fully in each section of this Home Buyer’s Guide.

1. Establish a brokerage relationship.


In the simplest of terms, establishing a brokerage relationship means signing an agreement to work exclusively with me, your broker. However, our working relationship is far more than a contract—it is the key to finding the home that meets both your needs and your budget. To help meet this goal, Section 1: Establishing a Brokerage Relationship, explains what you can expect from me as your REALTOR®, how I get paid and what to expect from the transaction.

2. Get pre-approved.


Before you begin your home search, it is vital that you visit with 2-3 reputable lenders to explore different mortgage options, learn how much of a loan you can qualify for, and get pre-approved for a loan. These meetings will give you a good idea of who you prefer to work with. Because a home is a huge investment, make sure you have confidence in your lender. Anyone can get you a good rate…some can provide low closings costs…but not all offer great service. Once you’ve decided on a lender, obtain a written pre-approval letter to present with any offer you make to purchase a home. For more information on lenders and getting pre-approved, refer to Section 2: Getting Pre-approved.

3. Search for homes.


Once you know the price range for which you qualify, the search for your new home begins with defining both where you want to live and what you want in a home. Understanding your needs and wants makes it easier for me to show you homes that meet your requirements and saves you the time of looking at homes that don’t. After you have defined your house requirements, I will search the MLS for any properties that meet your criteria, preview the most likely candidates if possible, and then arrange for you to see the best possibilities. Section 3: Searching for a Home, explains the process of defining your requirements, summarizes the information in an MLS Report, and provides tools to help you narrow your choices.

4. Contract to buy.


When we find the home you wish to purchase, I will write and present your offer along with your earnest money (each home may require different amounts) and loan pre-approval letter to the listing agent or seller. Writing an offer involves understanding the contracts, whether for an existing home or new build, as well as the process that begins as soon as the seller accepts your offer and it becomes a legally binding contract. Section 4: Contracting to Buy, explains the process of making an offer and counterproposals, the sales contracts and addenda and pre-closing milestones including title insurance, appraisal and final loan application.

5. Get a home inspection.


I highly recommend that you hire an independent, professional inspector to inspect the property within the timeframe established by the purchase contract. If the property does not pass your subjective determination, then you can move on and locate a replacement property. Having the property inspected before the property is appraised is also a wise financial move because you do not want to pay for an appraisal on a property that turns out to be in poor condition. Section 5: Getting a Home Inspection, explains the home inspection in more detail including why a home inspection is important, what it costs, how to find a home inspector, what to inspect, radon issues, and what to do after inspection.

6. Close the transaction.


Once all the contingencies in the contract have been satisfactorily fulfilled and the lender has approved your loan and issued a loan commitment, your loan and real estate transaction can be finalized, or closed. At closing, you and the seller will sign all necessary documents to transfer ownership of the property and record the mortgage and deed information. You will receive a copy of all closing documents and be given the keys to your new home! Section 6: Closing the Transaction, covers this final step in the process.

 


Alan Wilaby

Colorado Springs, CO 80919
Phone: 719-338-1100
Email: alanw@erashields.com