You’ve looked around the area or have scoured the Internet. Now, it’s time to start looking.
You’re ready to talk with one of our team members to gather more local data. We will ask you a few questions to get to know you, your wants and needs, and we answer any and all questions you have about the area and the market.
3. Qualify Financing
Will you be paying cash or need financing? If you need help with this, the Mountain Dream Team has extensive experience with this.
4. Write the Offer
First, we get your signature on an approved by the Colorado Division of Real Estate form stating that we can act on your behalf. This allows us to begin the process of negotiating the purchase.
Any offer can be accepted, declined or there can be a counterproposal. In any of these cases, we navigate the process with you.
We always recommend hiring an independent, local inspector who works for you, and only you. The Mountain Dream Team partners with full-time inspectors with backgrounds in construction, and building and/or government code, and you are always welcome to use your own inspector.
Aside from the usual construction elements, what are you inspecting for? Some common inspection items for Summit County and Keystone condos include radon, carbon monoxide and mold.
It’s always a good idea to check with your insurance company midway in the process to get a quote. If you’d prefer a local agent, we’re happy to recommend one.
8. Title Commitment
This is a commitment to ensure the Title is free from any liens or potentially damaging instances. It’s important to remember that the title company is not an insurance company. They work for themselves. If there is ever a case where a title issue cannot be explained or resolved, the Mountain Dream Team will refer you to an attorney who can.
9. Appraisal & Financing
If you are working with a lender, they will ask you to pay for an appraisal. The faster you can supply an appraisal to the lending company, the better. However, you may want to wait for an inspection to be completed or inspection-related issues to be resolved, we can help you navigate this tricky process.
In order to move forward with the purchasing or selling of a property, any inspection objections or title-related objections must be resolved. If they can’t be resolved, we can talk about processing a “Termination of Contract.”
11. Utilities/Property Manager
The title company will arrange most utilities to be transferred. When they cannot, they will provide you with local resources such as Cable, Satellite, and Internet to start shopping. If you are planning to rent your property, this is a good time to shop for property managers as well. Of course, we have a list of resources just for our clients.
If you can be present, great!
If not, let us know at least a week ahead of time and we can make arrangements for you to receive documents ahead of time and help ensure that you sign them in front of a local notary.
13. After Closing
Don’t worry, this isn’t the end of our relationship with you. In fact, it’s only the beginning!
We have Summit County connections to people and companies that we consider to be fair and ethical, as we love sharing referrals with clients like you. If there’s something you need, don’t hesitate to contact us. By now, you have several ways to connect with us.
If you are renting out your property as a second home, you will need to obtain the proper tax licensing from the local Town (Breckenridge, Copper Mountain, Dillon, Frisco, Keystone, Silverthorne). And remember to transfer some utilities, if you haven’t yet done so.