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

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 …

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 …

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

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 …

Making Sure Funds Are Available for Closing

Team CHR 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

Team CHR 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 …

2020 Sales and Appreciation – To The Moon!

Team CHR Market Trends

Record sales and skyrocketing appreciation along the front range in 2020 were driven by high demand from an increasing Colorado population, low interest rates and lifestyle changes for many. Will we get the virus under control? Will politics settle down? Will the U.S. economy continue its recovery? These are macro questions that will influence our local market and factors we continue to analyze.

Low Inventory Isn’t a Lack of Sellers, Just More Buyers

Matt Hudson, CEO CHR WEEKLY, Market Trends

With 30-year fixed interest rates at 2.5% and households demanding more from their at-home work and school environments, buyer activity continues to be unseasonably strong. In this market, sellers have tremendous negotiating power and depending on the situation, can work in extra time to find a replacement home if needed.

Lead-Based Paint Disclosures

Team CHR Buying

Federal law requires sellers to provide a lead-based paint disclosure to the buyer if the seller’s house was “permitted” prior to January 1, 1978. As part of that disclosure, the buyer acknowledges receipt of the government publication entitled “Protect Your Family from Lead in Your Home”. At this point, your CHR agent won’t know if you will buy a house, …