2441 Eliott St

Denver, Colorado 80211

720-795-2053

kimberly@mynewera.com

Compare Listings

Denver City Park in Sunset. Denver, Colorado, USA. Lake Reflections. Downtown Denver. American Cities Collection.

Buying a home is one of the largest financial investments most people will make in their lifetime. Fulfilling the American dream of homeownership is a complex process and a huge undertaking. Kimberly will help you navigate the tough market, providing step-by-step guidance and provide you with information and tools that allow you to make smart, informed and emotional decisions.

How long does it take to buy a home?

The length of a home buying process is different for everyone and can take anywhere from six months to two-and-a-half years before actually moving into your new home. The average buyer spends 4-to-5 months in the consideration phase, 30 – 90 days shopping, less than a week to make an offer and negotiate, and about 30 days to close. The length depends on how well you prepare, and if you have the right help along the way. If you’re new to home buying, consider following our step-by-step guide which breaks down the overall process of buying a house.

Before house-hunting ever begins, it is good to know just how much house you can afford. By planning ahead, time will be saved in the long run and applying for loans that may be turned down and bidding on properties that cannot be obtained are avoided.

How much house can you afford?

The old formula that was used to determine how much a borrower could afford was about three times the gross annual income. However, this formula has proven to not always be reliable. It is safer and more realistic to look at the individual budget and figure out how much money there is to spare and what the monthly payments on a new house will be. When figuring out what kind of mortgage payment one can afford, other factors such as taxes maintenance, insurance, and other expenses should be factored. Usually, lenders do not want borrowers having monthly payments exceeding

What to learn more about the home buying process?  Check out our Buyer’s Checklist, click here.

For your benefit we’ve put together a cheat sheet on home loans. If you want to learn more about your loan options, click here.