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 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 …
Colorado is expected to grow in population by 40% over the next 25 years. If you are going to invest in a home, now is the time. The math doesn’t lie, at a 2.5% 30-year fixed interest rate, your principal and interest payment on a $750,000 purchase with 20% down would be $2,370/month. How will you take advantage of the market?
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 …
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.
How clean does your property need to be when you turn it over to the buyer? There is a legal answer and a practical answer. Legally, the contract requires that the property be delivered in the condition it was in on the date that the buyer wrote the purchase offer. If anything breaks down between that date and the date …
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.
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, …
Radon is a colorless and odorless gas produced by the radioactive decay of uranium. It has been linked to lung cancer. Radioactive materials in the soil decay and give off radon gas and the gas gets into a house through crawl spaces, sump pump pits, joints and cracks in basement slabs or sub-floors. The EPA has set a standard of …
This time last year, Denver’s days on market listings were ½ of what they are today, prices are up, and inventory is remarkably low. Combine these factors with current interest rates, and we see the market is remaining strong.
We have been hit with “with the three largest fires in state history and all occurring in 2020.” Now is the time to come together and help our beautiful state. Below are different resources to how you can help. Boulder County 2020 Fires Relief Fund COVID-19 Response Fund Boulder County Grand County Grand County Wildfire Emergency Fund Grand County Outbreak …