So you're interested in purchasing a property in Telluride. What's next?

step one

Contact a broker

  • It's never too early to get started, especially in a market as nuanced as Telluride. As soon as you realize buying a property in the Telluride area is your ultimate goal, reach out to a broker to establish a relationship.

Plan & Prepare

  • Discuss objectives and process and identify your ideal budget

  • If necessary, contact lenders and get prequalified for a loan

  • Sign exclusive Buyer Agency Agreement or Compensation Agreement 

  • Research and discuss areas of interest

Study Market Conditions

  • Consider personal timing and seasonal factors

  • Analyze active, pending and sold properties

step two

Select Your Dream Home

  • Browse and review online listings

  • View properties in person or virtually

  • Select ideal location and home!

The Offer and Negotiation Process

  • Review purchase contract

  • Discuss objectives and processes

  • Create offer presentation highlighting buyer strengths (in case of bidding war)

  • Negotiate to optimize price and terms

  • Accept offer/counterproposal

step three

Due Diligence Period

  • Notify Title Company of acceptance and send fully executed contract

  • Wire initial deposit of earnest money per terms of agreement

  • Notify lender to begin the loan and order appraisal

  • Schedule inspections

Inspections and Disclosures

  • Review seller’s disclosures and reports

  • Approve or negotiate repairs based on the inspection reports

  • Review and approve preliminary title report

  • Meet deadlines and remove contractual contingencies

  • Schedule final walk-through prior to closing

step four

Closing

  • Review closing package from Title Company

  • Sign loan documents

  • Arrange to wire the remaining funds

  • Receive your keys and enjoy your new home!

Working Together Again

  • Our relationship doesn’t end at closing!

  • Yearly home valuations to keep you informed

  • Provide resources and introductions for local contacts

  • Your referrals are incredibly appreciated

Colorado Buyers' Representation

In Colorado, homebuyers have three options when it comes to their representation:

  1. Customer:  A buyer forfeits representation entirely and works directly with the seller or listing agent as a "customer." The listing agent will work solely on behalf of the seller to promote the seller's interests and negotiate on behalf of and advocate for the seller. Because the buyer is completely unrepresented in this case, it isn't recommended unless they have extensive experience buying and selling in the Telluride area, a strong understanding of Colorado real estate contracts and forms, and trusted relationships with all necessary vendors who facilitate a transaction. Choosing a "customer" relationship does not necessarily mean the buyer will realize any savings by waiving buyer agency compensation.
  2. Transaction-Broker:  This is most common when a buyer approaches a listing agent directly. Because an agent cannot legally or ethically represent a buyer and a seller in the same transaction, they revert to a "Transaction-Broker" and act as a neutral party to the transaction. A transaction-broker performs the terms of any agreement, fully informs all parties, presents all offers, and assists the parties with any contracts without being an agent or advocate for any of the parties. In the simplest terms, the broker acts as a referee for the transaction instead of a coach for either the buyer or seller. Like a buyer acting as a customer, choosing a transaction-broker relationship does not necessarily mean brokerage fees will be reduced or eliminated.
  3. Buyer's Agent:  A buyer's agent works solely on behalf of the buyer to promote the buyer's interests with the utmost good faith, loyalty, and fidelity. This is the gold standard of buyer's representation. As a buyer's agent, a broker can negotiate on behalf of and advocate for the buyer. 

As your Buyer's Agent, I can make house hunting as easy and efficient as possible. I will help you get financing if necessary, guide you to the right local areas for your lifestyle, help you determine your budget, and prioritize essential features in your Telluride property. I'll save you valuable time by finding the properties that best suit your requirements, and will show you only the most promising opportunities.

Once you've found a place that catches your eye, I'll review comparable properties and educate you on current market conditions to help determine the most appropriate purchase offer. Then I'll negotiate on your behalf with the seller to make sure you get the most favorable terms.

If you're ready to start house hunting, you can search real estate listings now. To start working with an agent right away, please contact me.

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