422 E Vermijo Ave, #314

Colo Spgs, CO 80903

719 345 2300

info@buysellimpact.com

Compare Listings

FAQs About Buying a Home

Click on a question below to see the answer

Where Should I Begin?

With a quick get-together with one of our brokers who’ll listen to your plans and interests. We want to know your vision of the perfect home – whether it be a single family home, townhome, patio home condo, land, or farm and ranch. We’ll talk some rough numbers, timing and give you a quick update of the local market.

What If I’m Not in the Area?

We can help you find the Pikes Peak area property of your dreams, no matter where you are located! We’ll set up a MLS search, chat with you regularly – whether that is by phone, email or text, and can preview homes on your behalf.

How long does it take?

Our schedule is your schedule. Some of our clients have found homes they love in a day or two. Others take a longer time. Our objective, always, is to help you find the property of your dreams. No matter how long it takes!

Who Does The Real Estate Agent Work For?

In the past, most real estate agents worked for the seller. Today, Colorado has a wider variety of brokerage relationships.

Seller’s Agent

A seller’s agent (or listing agent) works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller s agent must disclose to potential buyers all adverse material facts actually known by the seller’s agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.

Buyer’s Agent

A buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer. The buyer s agent must disclose to potential sellers all adverse material facts actually known by the buyer s agent including the buyer s financial ability to perform the terms of the transaction and, if a residential property, whether the buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer.

Transaction-Broker

A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer’s financial ability to perform the terms of a transaction and, if a residential property, whether the buyer intends to occupy the property. No written agreement is required.

Customer

A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the party’s agent or as the party’s transaction-broker.

What Happens When I Find the Right Property?

We will prepare, submit and negotiate your offer! We use approved Colorado Real Estate Commission forms with modifications or additional provisions tailored for you and your situation.

What Should I Know About Earnest Money?

Earnest money is funds you’ll present with your offer, as a promise of good-faith to the seller. In our area, earnest money is often an amount near 1% of the purchase price, but each property can be different. These funds will be deposited upon acceptance of your offer and will be held by a local title company until the closing, when they will be used as part of your purchase finds. In the event you must cancel your contract prior to closing, there are many reasons you’ll be able to get a refund of your earnest money. Work closely with your real estate agent to insure the ability to have your earnest money returned to you in the event of a cancellation.

When Can We Close?

Once the seller accepts your offer, you can expect the closing to take place within 30-60 days, depending on your due diligence requirements and financing.

Is the Price Negotiable?

Of course, but if the seller rejects your offer, don’t be discouraged—we will help you figure out the next step to take, whether to pursue the original property or to move on. Our market is much more of a seller’s market than in previous years. A well priced property is likely to have multiple offers and some offers may be over the asking price. Be prepared to compete for the property of your dreams!

How Do I Get The Best Price?

Make offers as clean as possible, with minimal contingencies. Look for diamonds in the rough. Many buyers can’t visualize the potential in a home, but if you can, that’s an opportunity for you!. If you want to finance your purchase, get pre-qualified with a local lender and submit that approval with your offer.

How Do I Arrange Financing?

Using a local lender is your best bet to securing your financing in a timely manner with the least stress possible. Contact us for a list of great local lenders.

What Else Will You Do for Me?

Besides helping you search for and find your dream home? We handle the big picture and numerous little details to make it yours:

• Work with you to order the appropriate inspections
• Work with your lender and the appraiser to make sure your loan is ready to go for an on-time closing
• Work with the title company on dozens of closing details and the preparation of your final settlement statements

And after closing, we’ll don’t disappear. We want to be your primary source of real estate information and assistance.

When Can We Start?

How about now? We are ready to go when you are. Contact us today to get started!