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Buyer's Guide

A Step-by-Step First Time Buyer's Guide

Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by our team will help reduce the stress of buying a home and help you enjoy the journey as much as possible.

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Step 1: Research

Do you already know where you want to buy? If you want a condo, townhome, or single-family home? Which features do you like and dislike? What’s available on the market now? If you answered no to any of these questions, now is the time to start researching. In addition to looking for homes that interest you, also take note of any changes in asking prices. This could give you valuable insight into housing trends in specific neighborhoods and help you when the time comes to make an offer.

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Step 2: Decide on Your Budget

Notice we said to decide on your budget—not determine how much the mortgage company will give you. In many cases, a mortgage company will pre-approve you for more than you’re comfortable spending, which is why you need to determine the monthly payment you feel comfortable with before talking to a lender. This likely includes doing a full household budget and taking into consideration what changes other than a mortgage payment will occur once you move into your new home. If you’ve lived in an apartment or with roommates, you may overlook new expenses like garbage, water, or HOA fees that could easily blow your budget.

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Step 3: Get Prequalified

Just because you think you can afford a certain payment every month doesn’t mean the mortgage company will agree. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or deny you a mortgage altogether. Lack of time at a job, insufficient credit, past bankruptcies, or other financial issues can cause major problems when trying to secure a mortgage. Before you get your heart set on a home, talk to a mortgage professional to find out what amount you can qualify for. This will also be an advantage when you make an offer on a home, as some sellers won’t entertain offers from those who aren’t already prequalified for a loan.

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Step 4: Choose Real Estate Experts

Can you shop for, look at, and ultimately make an offer on a home without real estate experts? Technically yes, but why would you when it costs you nothing for agents like us to take much of the stress off your shoulders? Not only will we help identify properties you might be interested in, arrange showings, and ultimately handle the offer process, but we also have knowledge of the market that you don’t possess. Finding the perfect home can be a daunting task, this is where our expertise and wealth of knowledge come into play. Let us show you around some homes that meet your dream home criteria so you can find the one that's right for you.

Passion & Expertise

Our goal is to provide you with the most personalized service possible, meticulously designed to help you navigate the process of buying your dream home. We are dedicated to understanding your unique needs and preferences, ensuring that every step of the journey is tailored to achieve your ultimate home-buying aspirations.

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Step 5: Find the Right Home

This should be the most enjoyable step of the entire process (other than moving in!). We will arrange showings of homes you’re interested in that are within your price range. Take notes about what you like and don’t like, and make sure to pay attention to details. Turn light switches on and off, open and close doors, and run the faucets in various rooms. Don’t limit your inspection to the home itself. Make sure to take time to explore the neighborhood and keep an eye on traffic at certain times of the day, the parking situation, and how close it is to necessities like schools and grocery stores.

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Step 6: Make an Offer

Once you have selected the perfect home, work with your agent to craft a fair offer based on the value of comparable homes on the market. Depending on what the home is listed at and whether the current environment is a buyer’s or seller’s market, your offer may be below, at, or even above the asking price. We will be able to help you negotiate if you receive a counteroffer and reach an agreement. At this point, the house will go into escrow.

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Step 7: Have the Home Inspected

In most cases, your offer will be contingent on having the home inspected to ensure there is no major structural damage or large repairs needed. We can help you arrange this, and you can schedule it within days of making an offer. If there are no major issues, the process goes to step eight. If there is, you can renegotiate your offer based on what needs to be fixed, or you can withdraw it.

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Step 8: Select Your Loan

Now is the time to go back to the mortgage lender who pre-approved or pre-qualified you and choose your mortgage. You will be presented with various options based on your unique financial situation, including fixed-rate, variable-rate, 15-year, 30-year, or special programs such as VA loans or FHA loans. Work with your mortgage lender to select the option you feel the most comfortable with.

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Step 9: Get a Home Appraisal

Your lender will have your new home appraised so they have their independent value of it. The appraisal is to ensure that all parties involved are paying a fair price for the house.

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Step 10: Finish Paperwork

No one looks forward to all the paperwork involved in buying a home, but it’s a necessary part of the process. Fortunately, everything will be arranged by your lender and title company and, when you’re finished, you’ll know you are the legal owner of your new home.

Congratulations!

After signing the final paperwork to complete the purchase, you are now the owner of a new house. It may take a few days for your loan to be funded once the paperwork has been returned to the lender, but once that check is delivered to the seller, you’ll be all set to move into the home of your dreams. 

What Our Clients Say

Testimonials

"We were so fortunate that we found Tyler to help us purchase our first home. He was absolutely amazing from start to finish. He is extremely knowledgeable in all areas of real estate and the Denver area. He went above and beyond to ensure all of our questions and concerns were answered in a timely manner. We will highly recommend him to others."
"We were so fortunate that we found Tyler to help us purchase our first home. He was absolutely amazing from start to finish. He is extremely knowledgeable in all areas of real estate and the Denver area. He went above and beyond to ensure all of our questions and concerns were answered in a timely manner. We will highly recommend him to others."
Ally R.
"This was our first home purchase. Tyler was very responsive, knowledgeable, professional, and personable. No matter how many questions we had, he was always willing to explain in a way that made it easy to understand. He went above and beyond to ensure the process was as smooth as possible and the least amount of stress. I would highly recommend him for all of your home-buying and selling needs."
"This was our first home purchase. Tyler was very responsive, knowledgeable, professional, and personable. No matter how many questions we had, he was always willing to explain in a way that made it easy to understand. He went above and beyond to ensure the process was as smooth as possible and the least amount of stress. I would highly recommend him for all of your home-buying and selling needs."
Jasmine O.
"Tyler made buying our first home as stress-free as it can be. He set expectations, made sure we were clear on the process from the beginning, and was extremely responsive to all our questions. He was transparent and consistently advocated for our best interests. We can’t thank him enough for helping us find our first home! We will definitely use Tyler again in the future and will recommend him to anyone and everyone!"
"Tyler made buying our first home as stress-free as it can be. He set expectations, made sure we were clear on the process from the beginning, and was extremely responsive to all our questions. He was transparent and consistently advocated for our best interests. We can’t thank him enough for helping us find our first home! We will definitely use Tyler again in the future and will recommend him to anyone and everyone!"
Izzy I.
"Recently purchased our first home and it was an enjoyable process all thanks to Tyler! He is an excellent realtor, he will make the process of purchasing a home easy to manage and help you navigate all questions or concerns that may arise along the way. Tyler was very patient with us as we shopped around for homes. He is very knowledgeable, professional, and easy to communicate with. My husband and I are very grateful we found Tyler and we will always keep him in mind for any future home selling and purchasing needs."
"Recently purchased our first home and it was an enjoyable process all thanks to Tyler! He is an excellent realtor, he will make the process of purchasing a home easy to manage and help you navigate all questions or concerns that may arise along the way. Tyler was very patient with us as we shopped around for homes. He is very knowledgeable, professional, and easy to communicate with. My husband and I are very grateful we found Tyler and we will always keep him in mind for any future home selling and purchasing needs."
Itzel D.
"Tyler did a great job helping me find my first home. He was patient and helped me make the right choice. He was consistently proactive in helping me with appointments, and questions, and following up with the builders. I recommend Tyler to anyone! Very nice to work with."
"Tyler did a great job helping me find my first home. He was patient and helped me make the right choice. He was consistently proactive in helping me with appointments, and questions, and following up with the builders. I recommend Tyler to anyone! Very nice to work with."
Michael S.
"A truly incredible real estate agent! Tyler is the best of the best. He will go the extra mile to find the house of your dreams. He also was very helpful in connecting me with great contractors in his network. I will definitely be a lifetime customer."
"A truly incredible real estate agent! Tyler is the best of the best. He will go the extra mile to find the house of your dreams. He also was very helpful in connecting me with great contractors in his network. I will definitely be a lifetime customer."
Ashwin M.
"Tyler Bulmer is a fabulous realtor. I’ve bought and sold several properties in my life and no transaction has been made as easy as the ones with Tyler. He was on top of every single detail, communication with multiple parties was fluid and timely, a keen understanding of all of my needs and concerns, thoroughly researched every possible concern and angle. He sold and bought my latest properties in absolute record time thanks to his expertise and a plethora of industry assets. I won’t work with any else from now on."
"Tyler Bulmer is a fabulous realtor. I’ve bought and sold several properties in my life and no transaction has been made as easy as the ones with Tyler. He was on top of every single detail, communication with multiple parties was fluid and timely, a keen understanding of all of my needs and concerns, thoroughly researched every possible concern and angle. He sold and bought my latest properties in absolute record time thanks to his expertise and a plethora of industry assets. I won’t work with any else from now on."
Stephanie H.
"I had a great experience working with Tyler as my Real Estate agent! I thought that buying a home might be a stressful process but Tyler made it easy every step of the way. He made himself available when I had questions and explained things to me in a way that was easy to understand for someone who is not savvy with Real Estate language. I highly recommend Tyler to anyone who is interested in buying a home!"
"I had a great experience working with Tyler as my Real Estate agent! I thought that buying a home might be a stressful process but Tyler made it easy every step of the way. He made himself available when I had questions and explained things to me in a way that was easy to understand for someone who is not savvy with Real Estate language. I highly recommend Tyler to anyone who is interested in buying a home!"
Nate M.
"I just recently bought my first home with the amazing help from Tyler. He listened to all of my requests and was able to find me my perfect home! I really appreciated how much he advocated for me and was great at communicating quickly and efficiently. His incredible work ethic, kindness, and helpfulness were very much appreciated and I feel very lucky to have got to work with Tyler. I highly recommend Tyler to anybody looking to find their dream home!"
"I just recently bought my first home with the amazing help from Tyler. He listened to all of my requests and was able to find me my perfect home! I really appreciated how much he advocated for me and was great at communicating quickly and efficiently. His incredible work ethic, kindness, and helpfulness were very much appreciated and I feel very lucky to have got to work with Tyler. I highly recommend Tyler to anybody looking to find their dream home!"
Bri S.
"Tyler is one of the best realtors in the game! He has helped us find two beautiful homes in Colorado. Tyler is dedicated and prioritizes his client's best interests. He is up to date on the latest mortgage and market trends. Tyler made each home-buying process as seamless as can be. As we are new to real estate investing, Tyler made sure that we were informed every step of the way and answered any questions that we had throughout. Whether it is your first home or your tenth home, we highly recommend Tyler for all your home-buying needs!"
"Tyler is one of the best realtors in the game! He has helped us find two beautiful homes in Colorado. Tyler is dedicated and prioritizes his client's best interests. He is up to date on the latest mortgage and market trends. Tyler made each home-buying process as seamless as can be. As we are new to real estate investing, Tyler made sure that we were informed every step of the way and answered any questions that we had throughout. Whether it is your first home or your tenth home, we highly recommend Tyler for all your home-buying needs!"
Danielle B.
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