Summer is a great time for most people to buy a home in Colorado. Your children are on summer break. The weather is splendid in Colorado. When it comes to the best summertime buying tips, it’s all about speed and preparation. With the seller’s market in full swing as interest rates climb, act decisively on a home you love. Avoid disappointment by working with an experienced Realtor who presents a strong offer and helps you come out on top in a bidding war. Preparation is also important. Make sure your lender gives you the pre-approval nod as opposed to a pre-qualification letter. A pre-approval requires documentation, credit check and a lot of paperwork, but it also means moving forward on a real estate purchase. According to an article by National Association of Realtors, house hunters need to move quickly when they find a home they want.

Quit procrastinating

Interest rates are not going to go down. The Fed promises several rate hikes, which invariably affect mortgage rates. Just as rates are going up, home prices throughout the country are also going up. Begin your hunt as soon as possible to minimize competition.

Shop for a mortgage

Mortgage professionals say more home buyers opt for adjustable rate mortgages. Before jumping into an interest-only mortgage or one with an adjustable rate, shop around. Although 4.5 to 5 percent might seem high after years of historically low-interest rates, it’s still a great fixed rate for a 30-year mortgage.

Respect house-hunting etiquette

When visiting homes during the summer, avoid showing up in bathing suits or flip-flops. Take off your shoes if requested, avoid touching personal items in the home and wait to discuss the home with your Realtor when the home owner is out. Don't leave your dog or child in the car, but make arrangements.

New construction homes cost more, but they appeal to people who want more input into the home’s interior design choices and materials. When house hunting in Colorado, consider up-and-coming neighborhoods close to great grocery stores, coffees shops and entertaining. At Team Lassen, we strive to provide optimal service for our home-buying and selling clients. We are a real estate, lending and rental service provider for Colorado. For more information on summer home buying tips in Castle Rock, Westminster and the surrounding areas, please contact us.