The Buying Process


Choose a Realtor
The right Realtor will be there to help you every step of the way through your transaction. Therefore, when choosing a Realtor you want to make sure that they are knowledgeable about the process and that they are someone you can trust. At Velocity Real Estate & Investments we pride ourselves on listening to our clients to ensure that we work towards every one of your specific needs. With abundant experience in the business we have the knowledge to assist you every step of the way.

Pre-qualify
This step is an estimate of the amount of money you will be able to borrow. This is done by looking at your income, assets, debt and credit. This will allow you to know how much you can afford and what you are comfortable with when looking for a property. We have premier lenders that can help you with this process.

Shopping
Once you know how much you can afford and want to spend you can start shopping. This is made easy by using Velocity’s resources through IRES and other MLS resources. In addition to the searches, Velocity Real Estate & Investments will email you listings and updates on previous listings that match your criteria. Velocity Real Estate & Investments is here to help you find the perfect property for your needs.

Make an Offer
Once a desirable property has been found, then it is time to make an offer on the specific property. Velocity Real Estate & Investments will make sure that your offer covers all the necessary details and ensures you are getting the best price possible.

Velocity Real Estate & Investments will also help you through the negotiation period from start to finish. The seller may either accept the offer or prepare a counter offer. Negotiations will stop when either both parties agree to acceptable terms or when they decide to walk away.

Earnest Money
Earnest Money is funds offered up front by the buyer in order to let the seller know they are serious about the property and substantiates them as buyers. Once an offer has been accepted by both parties the money is deposited into an escrow account used at the time of closing.


Insurance
In order to receive a loan from the mortgage company you must show proof of title insurance, and homeowner's insurance.


Inspection
After an offer has been made an inspection of the property is scheduled by the buyers. Some of the items an inspection covers (not inclusive) include the following:
· Roof inspection
· Plumbing
· Air conditioning
· Lighting
· Radon
· Workmanship
· Quality of appliances
· Electrical
· Furnace
· Landscaping
· Foundation
· Sprinkler system

Final Walk Through
Before closing the deal there will be a final walk through prior to closing. The reason for the final walk through is to make sure that the property is left in the condition that was agreed upon and that all items that are expected to be left are still on the property.

Closing
Closing can be an emotional time for both parties. Velocity Real Estate & Investments aims to make sure these emotions are handled in a positive manner and that closing goes as smoothly as possible. We will make sure that you understand all the financial aspects of the deal and that all necessary paperwork is completed.


About Velocity



Velocity Real Estate & Investments has extended experience and education in the Northern Colorado region and we are extremely knowledgeable on current market conditions. We differentiate ourselves by providing top quality service and by listening to our clients. We will represent our clients with the utmost loyalty and fidelity and we will always have your best interests in mind. Whether you're looking for a high quality investment, selling your home for top market value or finding the home of your dreams, Velocity Real Estate & Investments can service all of your Real Estate and Investment needs.


Investment or Residential


Investment Properties

Velocity Real Estate & Investments specializes in investment properties by providing a full comprehensive report including a detailed financial analysis. Not only are we a premier real estate company, but we have access to a full set of additional investment resources helping our investors achieve their financial goals. This allows us to capture synergy between the many sectors and truly offer a "one stop shop" for investment properties. This includes locating high quality investments, providing a full comprehensive analysis and facilitating the efforts in maintaining the property in top rental form. Whether it’s generating an annuity stream, preparing for retirement or creating a college fund, we help our investors achieve their financial goals.

Real Estate is an excellent investment!


Residential Properties

With our understanding of current market conditions and listening to your requests, we will find homes that meet your requirements. We will negotiate the best price for you and ensure a smooth real estate transaction takes place. We will ensure the home is in high quality condition and raise any relevant issues or concerns. We understand that you are looking for your new home and the importance of it being the right fit.


 

Why Hire a Realtor?



Know your buying power
Knowing your buying power is a big part of choosing your new property. A realtor from Velocity Real Estate & Investments will assist you in figuring out how much you will be able to borrow and what kind of buying power you will have.

Better Resources
Since a realtor is a professional within the industry they have numerous resources to help with the search for the ideal property. At Velocity Real Estate & Investments we provide free searches on our website which include factors such as price range, style of home, lot size, number of bedrooms, number of baths, school district and much more. In addition to the free search feature Velocity Real Estate & Investments will email you new listings that match your criteria as they come on the market.

Knows the area
A common concern among buyers when buying a new property is lack of knowledge about the area. A realtor from Velocity Real Estate & Investments will be able to help you get familiar with any area you are interested in.

Getting what you want
A realtor can assist you in pursuing your goals. The transaction process involves negotiations concerning items such as price, repairs, inclusions, possession and other related factors. You want to be sure that you are getting the best from these negotiations. A realtor from Velocity Real Estate & Investments will strive to get you exactly what you want from the property.

Closing the deal
With all the paperwork and negotiations this can be a nerve racking time for a buyer. You want to make sure that everything that you agree to is either addressed before closing or at the time of closing. A realtor from Velocity Real Estate & Investments is trained to make sure you get what you are entitled to and that the process goes smoothly.


Reasons a Buyer Should Hire a Real Estate Broker

 

Saves Time and Effort – Buying a home can be a very time consuming and exhausting process. Driving around town or looking on the internet for your ideal home can be costly and frustrating. Instead, give your list of requirements to a broker and he/she can access multiple resources based on your needs, book the showings and maximize your time. This will ensure you are not wasting your time visiting homes that do not fit your needs. Besides your efficient home search, a broker can offer huge time savings with making offers, negotiating the price, dealing with home inspections, helping with your financial needs and most importantly, ensuring the transaction goes smoothly. Why not save your time and energy for the excitement of moving into your new home!

Experience – Whether it’s your first home or your fifth, the home buying process is still complex and can be overwhelming. A Real Estate Broker has the required education and experience to help with the process. This is what they do for a living – everyday! Imagine tackling the complicated legal paperwork on your own. A brokers experience will also help you get the most value for your money. Brokers know market conditions and can answer all your questions about neighborhoods, schools, parks and can provide invaluable advice on problems or issues during the process. Hiring a broker provides the peace of mind that you are getting the home for the best price possible and the purchase proceeds effortlessly.

Understands Contract Specifics – Real Estate contracts can be very lengthy and complicated. A broker can help you through them and answer any questions you have about the process. Real Estate Brokers are licensed professionals who know these contracts inside and out. This is one of the biggest purchases of your life and having a professional at your side to help you obtain your ideal home is the smart choice. A Real Estate Broker will ensure the contract process is as seamless as possible and is in your best interests.

Negotiation Skills – You’ve searched and searched and found your dream home. Let the negotiations begin! Where do you start? How do you complete a market search to find out what the home is even worth? Will the market support the price? How do you know what the seller considers a serious offer? What inclusions, repairs or exclusions should you list? Real Estate brokers are equipped with excellent negotiating skills. They know how to get the best price possible, they know what a reasonable offer is, they can provide market research that supports the offer and they can help with the listing of inclusions, exclusions or repair requests. This can be a very stressful part of the process. If not handled professionally and efficiently, a deal could be lost and you would have to start all over again. A broker’s experience is invaluable during the negotiation stage.

Emotionally Removed – Buying a house can be a very emotional. This is a big purchase and perhaps where you will start and raise a family. Having a broker as an unbiased, emotionally removed party can keep the whole process grounded. Emotions are good to have when making a big decision, but sometimes our emotions get away from us. Having a broker there to be the rational voice will help keep things in balance ensuring you are making the right decisions.

Access to Homes/Information – It’s possible to spend hours and hours searching through numerous websites trying to find your dream home only to end your search without knowing if your specific requirements are contained in any of the listings. A Real Estate Broker has access to a vast amount of listings at their fingertips. They can match your specific needs to many MLS listings, as well as a huge network of other professionals to help them meet your needs. They may even be able to show you a home that is so new to the market it hasn’t hit the MLS system. The search process, without a doubt, is the biggest time consumer in the entire buying process. A Real Estate broker can have a list of homes that meet your needs within minutes. In addition to saving you time during your search, a broker also has extensive contacts including inspectors, lenders, attorneys, title people, construction trades and other real estate related resources. Their network of people can help with all your needs in a vast and extensive way. Access to information is a specialty of the professional Real Estate Broker. They are Information Central for the home buyer.