3 Things to Do Before Starting Your House Hunt

Whether you’re considering distressed housing, new construction, or existing home or condo, there are three things you need to check off your list before starting the search for your next home. Before you even start browsing the Multiple Services Listing (MLS), make sure you take care of the tasks below – you’ll be glad you did.

  1. Prepare your finances and get prequalified for a mortgage
    There’s nothing worse than finding the house of your dreams and going to secure your loan only to find out it’s way more house than you can actually afford. There are several types of mortgages out there – take some time to find the right one for you. Getting preapproved for a mortgage not only helps keep your budget in check, it also shows sellers that you’re serious about buying.
  2. Find the right agent
    Finding an agent who truly understands your needs and budget is key. Particularly if you’re considering distressed housing such as a bank-owned home or a HUD home, you’ll want someone who’s well-versed in that type of process. You’ll be thankful to have a pro on your side to help you navigate the road to becoming a homeowner.
  3. No inspection? No way- In traditional home sales, an inspection is a given before finalizing any transaction. With distressed properties, however, that is sometimes not an option. While distressed properties can be sold “as-is”, if you aren’t given the opportunity to inspect the property before going through with the purchase it’s probably best to walk away. It’s one thing if the lender won’t cover necessary repairs, but you have to at least of the opportunity to discover what those repairs are.

If you’re interested in checking out the housing scene in Denver – either distressed housing or traditional options – contact Metrowest today. Our team specializes in distressed property sales and we’d love to help you start the process!

Ken Blevins

About Ken Blevins

Ken Blevins, CEO of Metrowest Real Estate Services, is a veteran in mortgage and default servicing with more than 24 years of experience in collections, foreclosure/bankruptcy, loss mitigation and real estate disposition (REO). Blevins was an original co-founder of Metrowest in 2003, a Real Estate Brokerage and Services Company focused on the resale, recovery and liquidation of distressed real estate in Denver, Colorado and surrounding metros. Blevins assumed the role of CEO in January 2014 and provides strategic direction and has management accountability for the day-to-day operations. Under his direction, Blevins drives all default management operations to maximize asset value recovery and reduce loss severity through a strategy focused on customer service and state of the art technology. Blevins has 18 years of direct operational experience in all facets of REO Asset Management having managed large national REO Disposition contracts for Fannie Mae, Freddie Mac, Wells Fargo, JP Morgan Chase, CitiFinancial, GMAC Mortgage and other various financial institutions. Blevins specialties include REO asset management, real estate investment, bulk REO acquisitions and distressed asset recovery and liquidation, and he has directed the resolution and liquidation of over ten billion in institutionally-owned residential real estate.

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