The first thing to do is talk to your lending institution, and complete a pre-approval application for your loan. You will not be able to enter into a Contract to Buy and Sell Real Estate without the pre-approval letter.

Contact the Fading West Properties Team, to purchase a home that is (or soon will be) available.

For an available home, it is up to you and your lender to determine the financing that is best for you. The Farm requires earnest money of 1.5% within five days of the contract signing. The Fading West Team will work with the buyer on the Contract to Buy and Sell Real Estate and related documents. The lending institution will require an appraisal of the home, the cost of which is the buyer’s responsibility. The lending institution will work closely with Title & Escrow to schedule the closing and have all documents prepared. Typically, if the home already has a Certificate of Occupancy, the above process will take 4 or so weeks. If the home is still under construction, the final appraisal and coordination with the lender will take about two weeks once the Certificate of Occupancy is approved.

The Farm works closely with High Country Bank to streamline the construction loan and permanent financing process. Please call Nichol McCoy at 719-530-8807 or Alisa Sparrow at 719-395-1021 to get started!