Ft. Collins Homes For Sale
In Northern Colorado, the number of buyers searching for their dream homes outnumbers the amount of Ft. Collins Homes For Sale. This has led to an extremely competitive marketplace where you as a buyer must stand apart from everybody else.
One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. When you learn how much home and what type of home you qualify for, you will have the confidence of knowing if one of the Ft. Collins homes for sale is within your reach.
Here’s a sweet website for you to understand the process of a mortgage pre-approval
“I highly recommended you work with a local lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in the competitive market that is Ft. Collins and Northern Colorado.” Rose Merkey
One of the many advantages of working with a good local real estate agent is they will have relationships with quality lenders who will be able to help you with this process.
Once you have selected a quality lender, you will need to fill out their loan application and provide them with important information regarding
your work history,
amount for a down payment
and your residential history.
“Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:
- Capacity: Your current and future ability to make your payments
- Capital or cash reserves: The money, savings and investments you have that can be sold quickly for cash
- Collateral: The home, or type of home, that you would like to purchase
- Credit: Your history of paying bills and other debts on time
Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.
Don’t Be Afraid!
Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so sooner than you think!
Yes, the Ft. Collins Homes For Sale market is tight, but planning properly with a quality local agent will certainly separate you from other buyers!
If you or anyone you know have questions about the Northern Colorado real estate market, I’d love the opportunity to help!