$360,000 | 2 Beds | 2 Baths | 1,289 Square Feet | Condo
Real Estate Process
Your local Real Estate company built on trust, compassion, integrity, and collaboration.
We firmly believe the real estate process of buying and selling a home should never be transactional.
Find tips, insights, and understanding with our real estate blog.
Deciding to Buy
Purchasing a property is most likely the biggest financial decision you will ever make. Whether this is your first purchase or you are an experienced buyer, this decision must be made carefully
Why Do You Want To Buy?
Are you tired of paying rent? Have you decided to pay your own mortgage and not your landlord’s? Have you outgrown your current home? Are you looking for an investment portfolio? Are you looking for a rental property? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Having a clear sense of your reasons for buying will help you choose the right property.
Has Your Income Grown?
Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment.
Preparing to Buy
Before you start shopping for your property, it is a good idea to make some preparations.
Build Your Green File
A green file contains all your important financial documents. You will need it to secure financing for your property. The typical green file should contain:
- Financial statements
- Bank accounts
- Investments
- Credit cards
- Auto loans
- Recent pay stubs
- Tax returns for two years
- Copies of leases for investment properties
- 401K statements, life insurance, stocks, bonds, and mutual account information
Check Your Credit Rating
Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union.
Be Careful With Your Finances
Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.
Choosing a Real Estate Agent
Buying a property requires making many important financial decisions, understanding complex issues and completing a lot of paperwork. It helps to have an expert in your corner when undertaking such a large purchase. We can guide you through this process, and also provide you with access to property listings before they hit the general market.
Here are some factors to consider when choosing your top real estate agent:
- Look for a full-time agent – one who has experience completing transactions similar to yours.
- Interview a few agents: Are they familiar with the area in which you are interested?
- Ask how much time the agent will have for you, and if they are available at night and on weekends.
- Ask about their credentials and education: A top real estate agent will continually strive to improve and gain knowledge of the latest real estate trends and hold the highest designations in their respective fields of expertise.
- Does the agent return your calls promptly? Time is money when attempting to buy a property.
- Ask for a list of properties they have sold or a list of references.
- The best realtors listen attentively to your needs and concerns. Pick an agent, with whom you feel comfortable.
Time to Go Shopping
Once those preparations are out of the way, it is time to find the right property for you.
Take a Drive
Get to know the neighborhoods, complexes, or subdivisions, which interest you. Drive around and get a feel for what it would be like to own a property in the area. Start getting a sense of the properties available in those areas.
Narrow Your Search
Select a few properties that interest you the most and have your real estate agent make appointments to visit them. Ask your real estate agent about the potential long term resale value of the properties you are considering.
Time to Buy
Once you have picked out the property you want to purchase, your real estate agent can help you make an offer that the seller will accept. A good agent will investigate the potential costs and expenses associated with the new property. An agent can also help you draft your offer in a way that gives you the advantage over another offer.
Escrow Inspections, and Appraisal
The Initial Agreement and Deposit
An effective agreement is a legal arrangement between a potential purchaser and the property’s seller.
The Closing Agent
Either a title company or an attorney will be selected as a closing agent. The closing agent will hold the deposit in escrow and will research the complete recorded history of the property to ensure that the title is free and clear of encumbrances by the date of closing and that all new encumbrances are properly added to the title.
Inspections
Once your offer is accepted by the seller, you will need to have a licensed property inspector inspect the property within the time frame that was agreed upon in the effective contract to purchase. You may elect to have different inspectors inspect the property, if you wish to obtain professional opinions from inspectors who specialize in a specific area (eg. roof, HVAC, structure).
Appraisal and Lending
It is imperative that you keep in close communication with your lender, who will let you know when additional documents are needed to approve your loan application and fund your loan. If the agreement is conditional upon financing, then the property will be appraised by a licensed appraiser to determine the value for the lending institution, via a third party. This is done so that the lending institution can confirm their investment in your property is accurate.
Moving In
Closing Day
If you have come this far, then this means that it is almost time for a congratulations, but not yet. Do not forget to tie up these loose ends.
Final Walk-Through Inspection
More of a formality than anything else, the final inspection takes place a day before, or the day of the closing. You will visit the property to verify that all is in working order, everything is the same as when you last viewed the property, that there are no extra items left behind, and that everything included in your purchase is still at the property.
Home Services and Utilities
We will provide a list of useful numbers for the activation of home services and utilities after the closing occurs.
Be Prepared
We are ready to assist you should an unforeseen glitch pop up, even at this last stage. Something at the property breaks down, or some other minor detail – no need to worry. We have encountered these problems before so we know how to handle them efficiently and in a stress-free manor.
Closing
The closing agent will furnish all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. You and the seller(s) will sign this statement, as well as the closing agent, certifying its accuracy.
Barrington Group Listings
$350,000 | 3 Beds | 2 Baths | 1,345 Square Feet | Condo
$649,500 | 4 Beds | 2 Baths | 1,792 Square Feet | 0.110 Acres
$699,900 | 5 Beds | 4 Baths | 4,459 Square Feet | 0.14 Acres
$430,000 | 3 Beds | 2 Baths | 1,745 Square Feet | 0.156 Acres
$695,000 | 4 Beds | 4 Baths | 3,499 Square Feet | 0.180 Acres
Barrington Group Active Listings
$699,900 7824 Blue Water Drive Castle Rock, Colorado
5 Beds 4 Baths 4,459 SqFt 0.140 Acres
Sale Type: Active Under Contract Listing courtesy of The Barrington Group Real Estate, Inc.
$635,000 3830 Adams Street Denver, Colorado
4 Beds 2 Baths 1,792 SqFt 0.110 Acres
Sale Type: Pending Listing courtesy of The Barrington Group Real Estate, Inc.
$360,000 1561 Olympia Circle 103 Castle Rock, Colorado
2 Beds 2 Baths 1,289 SqFt
Sale Type: Active Under Contract Listing courtesy of The Barrington Group Real Estate, Inc.
$350,000 7260 S Gaylord Street P26 Centennial, Colorado
3 Beds 2 Baths 1,345 SqFt
Sale Type: Active Listing courtesy of The Barrington Group Real Estate, Inc.
Active Listings
$1,995,000 5133 Echo Valley Road Larkspur, Colorado
5 Beds 6 Baths 6,279 SqFt 10.040 Acres
Sale Type: Active Listing courtesy of RE/MAX ALLIANCE
$1,995,000 2690 Fox View Trail Franktown, Colorado
5 Beds 5 Baths 6,473 SqFt 2.150 Acres
Sale Type: Active Listing courtesy of RE/MAX ALLIANCE
$1,995,000 39 Silver Fox Circle Greenwood Village, Colorado
5 Beds 4 Baths 5,133 SqFt 0.230 Acres
Sale Type: Active Listing courtesy of RE/MAX Professionals
$1,995,000 28246 Meadowlark Drive Golden, Colorado
5 Beds 5 Baths 6,021 SqFt 5.030 Acres
Sale Type: Active Listing courtesy of LIV Sotheby's International Realty
$1,999,000 7126 Skygazer Street Castle Pines, Colorado
5 Beds 6 Baths 5,980 SqFt 0.210 Acres
Sale Type: Active Listing courtesy of Compass - Denver
$1,999,000 13186 Frannys Way Parker, Colorado
4 Beds 5 Baths 4,969 SqFt 2.500 Acres
Sale Type: Active Under Contract Listing courtesy of RE/MAX ALLIANCE
$1,999,000 5688 Distant View Place Parker, Colorado
6 Beds 6 Baths 6,434 SqFt 0.500 Acres
Sale Type: Active Listing courtesy of HomeSmart
$1,999,000 5720 Distant View Place Parker, Colorado
5 Beds 7 Baths 7,340 SqFt 0.500 Acres
Sale Type: Active Listing courtesy of Compass - Denver
$1,999,000 14886 Lyons Ridge Drive Morrison, Colorado
6 Beds 6 Baths 5,278 SqFt 0.490 Acres
Sale Type: Active Listing courtesy of Madison & Company Properties
$1,999,000 19601 W 95th Place Arvada, Colorado
7 Beds 7 Baths 6,462 SqFt 0.400 Acres
Sale Type: Pending Listing courtesy of LUX Front Range Real Estate Company
$2,000,000 1051 Sleepy Hollow Road Golden, Colorado
4 Beds 5 Baths 4,624 SqFt 1.820 Acres
Sale Type: Active Under Contract Listing courtesy of Coldwell Banker Realty 28
$2,000,000 777 Fairchild Drive Highlands Ranch, Colorado
6 Beds 6 Baths 6,149 SqFt 0.360 Acres
Sale Type: Active Under Contract Listing courtesy of LIV Sotheby's International Realty
