In This Market, Should I Move to My Dream Home?

Matt Hudson, CEO CHR WEEKLY, Market Trends

With the housing market moving as fast as it is and prices increasing over 25% in the last year, it’s understandable that you’d be hesitate to make any major decisions when it comes to real estate. However, there are many things to consider outside of home prices and inventory. Click to read how I’d advise my clients if asked if now is the “right time” to buy and/or sell. #realestate #coloradorealestate #realestatemarket

Getting Ready for the Inspection

Nykki Gallegos 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. …

Arrange for Home Owner’s Insurance

Nykki Gallegos Buyer Insights, Buying

It’s time to make sure that your home owner’s insurance is in place. Even if you are buying a condo or townhouse or any property where the hazard insurance on the structure is being paid by a home owner’s association, you’ll still need to obtain what is commonly called “condo” insurance — it covers certain interior real estate items, your …

Just the Extraordinary Facts

Matt Hudson, CEO CHR WEEKLY, Market Trends

Denver real estate is full of emotion right now. From buyers & sellers, to lenders, real estate agents, title companies, developers and builders. All are impacted by the pace and demand of current market conditions.  In an effort to cut through the noise, we’ll stay away from emotion, opinion and prediction. Just the facts to keep you informed and make …

Plan Ahead for the Closing Date and Possession Date

Nykki Gallegos 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 …

Getting Ready for the Appraiser

Nykki Gallegos 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 …

Your Loan Commitment Deadline Date is Crucial and Vital

Nykki Gallegos Buyer Insights, Buying

One of the most important deadline dates in your contract is the Loan Objection Deadline. You will find it in Section 2 of your purchase agreement. On or before this date, you can terminate the contract and get your earnest money back if you have not been able to obtain a firm loan commitment that is satisfactory to you. After …

Broncos Tickets, Part of the Offer?

Matt Hudson, CEO CHR WEEKLY, Market Trends

We recently experienced a prospective buyer who was unable, or unwilling to go higher in purchase price with their offer on our seller’s home.  Instead, the buyer included their coveted, Broncos season tickets as part of the proposed purchase contract.  Whether you are a Broncos fan or not, this is indicative of what buyers in the greater Denver real estate …

Make Required Repairs Before Closing

Nykki Gallegos 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 …

Making Sure Funds Are Available for Closing

Nykki Gallegos Buyer Insights, Buying

The exact amount of cash you need to bring to closing is typically not known until within 24 to 48 hours of closing. At that time, you’ll need to be able to go to your financial institution to get a cashier’s check for that amount. Alternately, you’ll need to contact your financial institution to have the money wired to the …

Canceling/Changing Your Homeowners Insurance

Nykki Gallegos Seller Insights, Selling

You’ll need to notify your homeowners insurance company that you have sold your house and that you no longer need the homeowners insurance. THINGS TO CONSIDER BEFORE CANCELING/CHANGING YOUR INSURANCE There is sometimes a gap between the closing date and the possession date for a property, be mindful of avoiding any possible lapse in coverage between these dates. Additionally, you …