The town of Aspen in Colorado has been enjoying a booming tourism and real estate market, with many of the nation’s wealthy buyers attracted by the small town’s pristine mountains, exclusive ski resorts and upscale tourist facilities where they buy second homes in exclusive communities. For the average prospective buyer interested in home CO, Aspen may seem like an insurmountable mountain.
For years, the county has had the highest real estate prices in the US, with prices typically on the higher side of $1 million. However, it’s still possible to buy home CO Aspen that are affordable, custom built and are energy efficient. Aspen is no longer just the millionaires’ paradise but open to more families looking to fulfill their American dream; there’s something for everyone’s in Aspen’s real estate market.
Shore up your credit
The first step is to ensure everything is alright with your lender since you are likely to need a mortgage to finance your home CO purchase. Ensure you have a clean credit record as this will determine whether your lenders will arrange purchase financing for you and pay the mortgage for your new home CO. If possible, try and get approved before embarking on your quest for a new home.
Contact a Realtor in Aspen
Given the difficult real estate environment in Aspen, it’s important to contact and work with one of realtors in the area for more accessibility and first hand information about the range of home CO available. Define your requirements including size of house, proximity, no of bedrooms, garage, land, swimming pools. Also, describe which area of Aspen you would prefer; you can get various home CO for sale including one bedroom condos, townhomes with some having very magnificent views of the Aspen mountains.
Go house shopping in Aspen
The next step after settling on your preferred broker will be to go home-shopping in Aspen and meet your broker in person to build some trust and visit some of the property available for sale. Visit the various homes and gauge the layout of the compounds, bathrooms, whether renovations have been recently done on the building, whether the bathrooms and kitchens are modern and well finished and more. Take your time to ensure you don’t buy an Aspen home CO with just some cosmetic finishing that conceal more serious rot in the façade, if possible, hire a home inspector on an hourly basis to help you with the inspection. You may also use this period to ask for a full disclosure from the seller on any defects in the home, these will affect your final home CO price but many sellers normally do some home improvements before putting the house up for sale in the market.
Make an Offer
Finally, now it’s time for you to make an offer to the seller on the price of the home CO you are about to buy. If you are unsure about the pricing of the home CO, hire a real estate appraisal service in Aspen to appraise the house and determine optimum prices that you are likely to pay. Armed with this information, you can now bargain with the seller and seal the sale. After an agreement in price, make an escrow payment that will bind you to complete the payment within a specified time. After the escrow payment, you can now approach your lender to arrange purchase financing and finalize on your mortgage.
