Owning a home is a dream of almost everyone. However some people simply can’t afford to buy. You should first prepare an estimate and find out how much you can actually afford to buy a home.

Once you have estimated your affordable amount, then it becomes easier for you to search for a home that suits your budget and other requirements. A pre qualification also indicates your credit worthiness. With this pre qualification you can boldly negotiate with your seller. On the other hand the seller will understand that you are a genuine buyer and therefore will offer you his best price.

What are the things you should do to pre qualify to buy a home? First you should calculate your regular monthly expenses such as mortgage or rent, bills, education expenses, gas, groceries and maintenance expenses accurately. You should also include the expenses such as auto insurance, medical insurance and property taxes. Then you should calculate your actual monthly income exactly. You may include your part time income and interest from your investments as well. We do provide some some helpful mortgage calculators that help you quickly determine how much house you can really afford.

Now you know how much you can pay as your monthly installment. You can easily obtain your mortgage with your pre qualification in hand. You can buy a home with out much stress and difficulties. Moreover you won’t have any stress even after you buy the home and start paying your monthly payments. As always Sam Wilson is available to help guide you through that financial maze. You can contact him directly at (303)526-2606 or email san (at) samwilsongroup.com.

Did you know that on May 1st there was a new regulation passed by the mortgage industry called the Home Value Code of Conduct (HVCC)? While this had good intentions, the HVCC has caused a ton of problems over the past couple of months in getting Real Estate transactions closed and approved by lenders.

What it says is that lenders can no longer talk directly to appraisers. Yes, this is a good thing, and something that should have been in place several years ago. It would have prevented a lot of the escalating values that were hard to justify in your local Real Estate market.

However, the pendulum has swung too far once again. Now this has caused a ton of problems because using this system prevents mortgage brokers and mortgage bankers from going directly to an appraisal source that they know and trust. One who knows the area where your house is selling or the area where you are buying.

What this has created is a buffer between the mortgage industry and the appraisers where now a mortgage person has to order an appraisal through a computerized website. Then appraisers pick up these work orders that may not even be familiar with your neighborhood. This is causing a ton of problems, let me give you one example.

I recently had sold a home in the Highlands area of Denver. The appraiser came from some place other than this neighborhood and turned in an appraisal $29,000 below the contracted sales price. I was able to solve it by switching the buyer to a new lender and getting a new appraisal which came in at market value.

So, you have to wonder, how can an appraisal have a $29,000 swing? Well, it’s because we’ve found a lot of problems in the first appraisal where that appraiser just didn’t understand the neighborhood and what kind of comparable properties they should have been pulling. And let me tell you, in fact, they have the wrong purchase price on the appraisal! The lender wouldn’t even deal with it. They wouldn’t agree to do a review of the appraisal. They wouldn’t do a new appraisal. We had to completely switch lenders.

I know how to get these done. I know how to solve these problems. So, if this is something you’re concerned about and you want that service, then please give me an opportunity to list and sell your home. These problems aren’t going away anytime soon with this new system.

There is legislation to put a moratorium on this process but I don’t think it’s going to happen anytime soon. Instead, you need a realtor that does understand your neighborhood values, understands how to solve these problems and if needed take drastic action to make sure that you get fair value for your home.

If this is something you want to discuss further, please contact me today, at: 303-526-2606 or just visit my website: www.HomeSam.com and click on, ‘What is My Home Worth?’

Let me give you an example of a client that I’m currently working for.  They started by visiting my website www.HomeSam.com and just clicked on the button that says, ‘Find Out What Your Home Is Worth.’

So, they did that. I gave them a market analysis and my broker price opinion and we listed their home for top dollar. I gave them advice on how to prepare the home to get more showings, to attract more offers and they did so.

According to the advice I gave them, they got the home in showing condition within just a couple of weeks. After just 2 weeks of showing the property and listing it at the high-end of my broker price opinion, we had multiple offers. Therefore, we were able to secure a buyer and go under contract for top dollar on this property.

Then we started the process of searching for the replacement home. A very stressful process, especially because Mrs. Seller (now Buyer), is 7 months pregnant. So, to take the stress out of this process, they used my website, www.EasyDenverHomeSearch.com, to find areas and homes that suited their needs. Once we had those areas and neighborhoods identified, we went out and started looking for property. Within a week of being under contract to the home they’re selling, we made an offer on a home, (a replacement home), for them to purchase.

Let me tell you a little bit about that home. It was a beautiful ranch style home in the Applewood neighborhood of Golden. So, I did my homework and all the research and we made a very low offer on this property. Sure, my client was nervous that we would simply be locked out of the property, that we would upset the seller and that they wouldn’t be able to purchase this home that they just loved.

What I did was a fact-based analysis on that property and presented it as such to the seller. This property was listed $349,900. We made an offer for $320,000 and with my negotiation skills and tactics we were able to secure the property and go under contract at that offer price of $320,000. There was no negotiation. It was fairly stress-less and we were under contract within a day.

This client is extremely happy. I can do the same thing for you. We’re going to close both of these properties next week and they will be moving into their home just in time to set up the baby’s room and have their first child in that home.

So, if this is something you’re interested in, I can help. Just visit www.HomeSam.com, you can send me an E-mail, or just click on, ‘What’s Your Home Worth’ to get the process started. Either way, I’ll be happy to help you sell your home for top dollar and buy a replacement home for bottom dollar and save a ton of money! Contact me today!

Visit www.HomeSam.com. I look forward to helping you!