If you are thinking of buying a home, you may not know where to start! Here is a simple list of 10 steps that you will need to follow to purchase a great home in Denver.

1. Save Your Down Payment

Many people believe you need a 20% down payment to buy a home. There are loans available that allow buyers to put down as little as 3% or 0% with a VA or USDA Loan.

2. Know Your Credit Score

Your credit score is a numeric representation of your history and ability to pay back debts in the past. Different home loans have different credit requirements.

3. Find a Real Estate Agent

Once you have a handle on your credit score and down payment savings, contact a local agent who can guide you through the process of buying your future home. We would love to do this for you! Learn more about what you can expect when you go with shelter.

4. Get Pre-Approved

Your agent will have a list of lenders that you can work with to get pre-approved for your mortgage. This will help keep you on budget during the next step.

5. Go Home Shopping

Make a list of what you want vs. what you need in your new home. Your agent will use this list to find homes for you to tour.

6. Make An Offer

Your agent will help you determine the best price to offer for the home. In a competitive market, you may not be the only one bidding and will want to stand out!

7. Get a Home Inspection

Once your offer is accepted you will want to do a home inspection to ensure there are not any hidden issues with the home.

8. Get a Home Appraisal

Your lender will arrange for a home appraisal to ensure that the property is worth the price that you have agreed to pay for it. The bank will only issue a loan for the appraised value.

9. Close the Sale

Once your loan is approved, your lender will schedule a closing date. This is the day you sign all your paperwork to complete the purchase and get the keys to your new home!

10. Move In!

Congratulations! You’re a homeowner!