Buying a Home in Bozeman

Finding and purchasing a home that will meet your needs is a significant and often stressful time. Our goal is to make this transition as smooth as possible. We are Bozeman real estate experts, and once we learn what it is that you’re looking for, finding your dream home is simple.

Whether you're buying your first home or your 37th, use the guide below for hints and tips to learn how to avoid common mistakes.

  • Pre-Qualification: Meet with a mortgage broker and find out how much you can afford to pay for a home.
  • Pre-Approval: While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You'll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you're interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious buyer for that property. 
  • List of Needs & Wants: Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes - things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.
  • Representation by a Professional: It's a good idea for each party in a transaction to have their own representation.  The agent on the sign or listing the property on-line works for the seller.  As a buyer, it is best to have your own advocate.  The fees associated with this are paid for by the seller, not the buyer.  So, there's no reason why you wouldn't want your own representation.
  • Visualize the house empty and with your decor: Are the rooms laid out to fit your needs? Is there enough light?  Even if you don't like the paint colors, try to look past that.  Paint is a cheap and easy fix.  Not too jazzed about the current owner's Precious Moments collection?  Don't worry about it, it's not staying.
  • Be Objective: Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? There are many houses on the market, so don't make a hurried decision that you may regret later.
  • Be Thorough: A few extra dollars well spent now may save you a lot of expense in the long run. Don't forget such essentials as:
  1. Include inspection and mortgage contingencies in your written offer.
  2. Have the property inspected by a professional inspector.
  3. Request a second walk-through to take place within 24 hours of closing.
  4. You want to check to see that no changes have been made that were not agreed on (i.e., a nice chandelier that you assumed came with the sale having been replaced by a cheap ceiling light).

All the above may seem rather overwhelming. That is why having a professional represent you and keep track of all the details for you is highly recommended. Please contact us directly to discuss any of these matters in further detail.