Getting Ready for the Appraiser

Team CHR Seller Insights, Selling

An appraiser may be coming to your house in the near future. Most home sale contracts are contingent on the buyer or the buyer’s lender obtaining an appraisal on your property. Here are some things you’ll be interested to know about appraisers and the appraisal process: Occasionally, the appraiser will be doing an “exterior only” appraisal. In those cases, we …

Make Required Repairs Before Closing

Team CHR Seller Insights, Selling

You may have agreed to repair or replace items on your property as a result of the inspection or as part of the original contract. Also, the contract requires you repair or replace anything broken since the contract was negotiated, e.g., the dishwasher stopped working, a window was broken, etc. Failure to get repairs made prior to closing is actually …

The “Neighborhood Expert” Is Not Always the Best Choice When Selling a Home

Team CHR Seller Insights, Selling

Many neighborhoods have an agent or two who are “neighborhood experts”. Your neighborhood may have one. The “neighborhood expert” is the agent you see on the bus bench near your home. He’s the one that puts a small American flag in your yard on the Fourth of July. She mails you regular updates on neighborhood home sale activity. He does community service …

Full Disclosure Minimizes Legal Risk

Team CHR Seller Insights, Selling

Just about everything we do these days exposes us to legal risk. So, it’s no surprise that a real estate transaction has legal risk, too. But, it’s not well known that the risk is disproportionate — it’s much riskier for the seller than for any other party. In a recent study, it was found that the seller was the defendant …

Staying Safe While Selling Your House

Team CHR Seller Insights, Selling

You hired us to market your property and have authorized us to use any promotional methods we deem appropriate. At a minimum, we use the Multiple Listing Service (MLS), numerous web sites, other electronic information services, property brochures and a yard sign to help find a buyer for your house. You have also authorized us to use a lockbox to …

Under Contract … To Continue Or Discontinue Showings

Team CHR Seller Insights, Selling

Now that your property is under contract, you’ll need to decide right away whether you want to continue showing it. There are pros and cons to continued showings. On the positive side, having a backup contract is extremely valuable. If you can get a back-up contract, it puts you in a stronger negotiating position when dealing with inspection issues with …

Getting Ready for the Inspection

Team CHR Seller Insights, Selling

The buyer of your house will be conducting inspections in the near future. The inspection process creates some anxiety for most sellers and understanding the process can help alleviate the worry. Here are three things that will help the process go smoothly:   Your agent will call you with the date and time the buyer has selected for conducting the inspection. …

Plan Ahead for the Closing Date and Possession Date

Team CHR Seller Insights, Selling

Section 2 of the contract lists two very important dates — the Closing Date and the Possession Date/Time. Take a look at these and make sure you are planning accordingly. In most cases, you have to be completely out of the property by the Possession Date and Possession Time listed in the contract. You are subject to monetary penalties and …

Plan B

Team CHR Seller Insights, Selling

Your property is under contract and that is a significant milestone in the home selling process. However, we are not at the finish line yet. There are still a few hoops to jump through before we are ready to close. The home sale contract approved for use by the Colorado Real Estate Commission contains five major contingencies for the buyer …

Cancelling/Changing Your Home Owner’s Insurance

Team CHR Seller Insights, Selling

You’ll need to notify your home owner’s insurance company that you have sold your house and that you no longer need the home owner’s insurance. However, don’t do this too quickly. There is sometimes a gap between closing date and possession date for a property. Also, you are going to be moving your belongings to a new location. You should …