FAQs About Our Real Estate & Mortgage Company in Colorado
“How do things work at the Blue Pebble Group? What kinds of savings can Blue Pebble generate for homebuyers and sellers? And what makes your team so great?” We aren’t like any other real estate firm or mortgage company in Colorado, and because of our innovative business model, we field all kinds of questions every day from potential homebuyers and sellers.
If you’re curious about our company, these frequently asked questions should provide some helpful context and answers for you. Don’t see your question below? No problem! Just contact our team directly and we’ll get the answers for you.
How Much Can I Save Working with Blue Pebble?
We’re driven by a mission to continuously lower costs for our clients. As our company grows over time, we expect to continue providing even greater savings for our clients.
Based on the traditional lender-paid compensation model of 2.75% for mortgage brokers, we can currently save our clients up to 2% of their loan amount in fees or by lowering their interest rate. Those savings can add up significantly for a greater ROI in the long term.
How Much Can I Save Working with Blue Pebble?
That’s easy! We’re the only real estate group in Colorado (and the rest of the country, as far as we know) that provides a true “one-stop-shopping" experience. This is because we leverage an integrated real estate brokerage model that allows homebuyers and sellers to work with Blue Pebble for both transactional services and financing solutions, instead of additional parties.
Our integrated brokerage model ensures you receive better communication with our professionals because we help you on every side of your deal, all while saving you a HUGE amount of money in fees. Simply put – we make real estate transactions simpler, easier, and more affordable.
How Much Does Blue Pebble Charge?
This is always a must-ask when comparing any real estate professionals or mortgage companies in Colorado. Don’t worry: our mission to cut costs for clients extends into every avenue of our work.
Each of our real estate brokers has different minimum commission requirements on the deals they do, and we typically charge from a few hundred dollars up to 3% (or more) depending on your transaction. To take advantage of our Blue Pebble Loans program, we charge a minimum commission of 2.5% of the purchase price of your home, a $500 real estate transaction fee, and a $750 loan processing fee.
What’s the Process Like if I Work with Blue Pebble Homes and Loans?
The process is actually very easy! Like we said earlier, we’re here to make real estate processes easier, simpler, and more affordable.
If you work with a Blue Pebble Homes agent on an eligible transaction, you automatically qualify for our Blue Pebble Loans program, which allows you to get a heavily discounted mortgage for your property! Our close-knit team will walk you through the process step-by-step, and we’ll go the extra mile to ensure things are straightforward and easy.
To be clear, you are not required to work with Blue Pebble Homes and Blue Pebble Loans to close your transaction, especially if you already have someone you’re working with on either side (i.e., real estate or financing). You can, however, save up to 2% in fees if you choose to partner with both sides of our team for your transaction. With our team, you can get accessible help and save money on real estate; it’s a win-win!
What Happens if I Change My Mind?
It ultimately depends on when you change your mind in the process. Real estate contracts include “contingencies” that typically allow you to back out of a deal or make a different decision during a set period after you go under contract. If you happen to change your mind after these contingencies pass, then it might be a lot harder to change directions without a material financial impact.
At our mortgage company in Colorado, part of our job is to check in with you and make sure that you’re (a) comfortable with your purchase and (b) are intent on moving forward. We prioritize transparent communication with our clients and will do our best to ensure we’re fully aligned with your needs and goals. If you ever have any questions or issues during the process, please make sure to reach out to your Blue Pebble brokers right away!
How Exactly Do Mortgage Points/Buydowns Work?
To achieve more affordable rates and reduce/eliminate loan fees, we use things called “mortgage points” and “mortgage buydowns.”
“Points” is an industry term used to describe costs or rebates associated with a mortgage closing. Borrowers can get a better deal on their mortgage by paying cash or points upfront,
which will lower their interest rate below what would otherwise be available in the market. This process is also referred to as a “buydown.”
What Do I Need to Get Pre-Qualified for a Loan?
We hear this question every day, and for good reason. Home loans can feel like a foreign topic for many renters and “Wanna-Be” homeowners, and our mortgage company in Colorado is here to set the record straight.
For a standard pre-approval, it helps to compile as much information as possible that’s relevant to your financial situation. Gather things like your W-2s, tax returns, bank statements, and other financial documents. Once you’ve collected those documents, all that’s left is to apply for a home loan. You can start getting pre-qualified for a home loan today by filling out our online loan application! Once we’ve reviewed it, one of our loan professionals will reach out and let you know if there’s other information that we need to confidently issue a pre-approval.
How is Property Value Determined?
A home’s value is impacted by a variety of factors, such as:
Location (location, location!)
Size of the home
Condition of the property
Special amenities
And more
If you are curious about your current property’s value or if you’re interested in buying a home and want to check the value, let us know! We’ll run a FREE market analysis for you, so you’ll have an accurate, timely, and relevant answer!
How Do I Know if It’s the Right Time to Buy vs Rent?
There is no “one size fits all” answer to this question because everyone’s financial situation is different. There are major financial differences between buying and renting, especially when it comes to property maintenance and requirements to finance/close, and you need to carefully weigh those considerations. Because we pay close attention to the market and achieve low interest rates for our clients, we speak with many people who want to buy but for whom it’s better to stay in their apartments for a little longer.
Our real estate professionals will always work with you to determine the best financial outcomes for you and your family. If you’re unsure if now is the right time to buy or rent, reach out to our team to get our professional opinions and insights!
How Can I Start My Next Real Estate Journey?
By contacting the Blue Pebble Group today! Our innovative integrated brokerage model is a game-changer when it comes to real estate, and we’d love to show you how much you can save with our mortgage company in Colorado.
Contact our team directly today to get started on the process.