Jeni VanOrnum | Real Estate Insights & Education

Ready to become a homeowner in Douglas County, Colorado? I’m Jeni VanOrnum, your local real estate agent, and I’m breaking down the essential steps to buy your first home in 2024.

Step 1: Check Your Credit

Before anything else, review your credit score. Most lenders require scores of 620+ for conventional loans, though FHA loans accept scores as low as 580. Fix any errors on your credit report and pay down credit card balances to improve your score.

Step 2: Get Pre-Approved

Pre-approval shows sellers you’re serious. Gather tax returns, pay stubs, bank statements, and employment verification. A lender will review your finances and provide a pre-approval letter stating exactly how much you can borrow for homes in Castle Rock, Parker, or Highlands Ranch.

Step 3: Determine Your Budget

Don’t just look at the purchase price. Factor in Douglas County property taxes, homeowners insurance, HOA fees (common in many communities), utilities, and maintenance costs. A good rule: keep housing costs under 28% of your gross monthly income.

Step 4: Start House Hunting

Work with an experienced Douglas County agent like Jeni VanOrnum who knows the local neighborhoods, schools, and market conditions. I’ll help you identify homes that meet your needs and budget while avoiding potential problems.

Step 5: Make an Offer

When you find the right home, I’ll help you craft a competitive offer including price, contingencies, earnest money, and closing timeline. In 2024’s market, strategic offers win deals without overpaying.

Step 6: Complete Inspections

Always inspect your potential home. Douglas County properties can have issues like foundation problems from expansive soil or roof damage from hailstorms. Inspections protect your investment.

Step 7: Finalize Financing

Your lender completes underwriting, ordering an appraisal and verifying your financial information. Stay responsive to lender requests to avoid delays.

Step 8: Close on Your Home

Review your Closing Disclosure, do a final walkthrough, and sign paperwork. Then receive your keys and become a Douglas County homeowner!

Start Your Journey Today

Ready to begin? Contact Jeni VanOrnum, your Douglas County real estate expert, to start your first-time homebuyer journey in 2024.