Home price appreciation rates have moved from double digits to single digits, which is both expected and signs of a healthy market.
Climb a mountain and your experienced euphoria is not when you get back to the bottom. IT is in the planning, coordinating, hiking, summiting and planning the next one. You get to the top of the mountain and what happens? You sit for 10 minutes, eat a sandwich and say, what’s the next one?
Metro Denver residential real estate prices continued to climb in May 2017 and yet houses are more affordable today than they were for most of the last 25 years.
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The cash required for closing needs to be in a readily accessible account. You’ll need to bring a cashier’s check to closing or have your money wired to the title company prior to closing. If you need to move money around or liquidate any assets to get all the cash in a readily accessible account, you need to do this far enough in advance so that any hold on the funds has been cleared.
It’s important to get a full and final loan commitment from your lender by the Loan Objection Deadline date. Double check with your lender to make sure you have a complete loan approval prior to that deadline.
You need to arrange for home owner's insurance on the property you are buying before the Property Insurance Objection Deadline date in the contract. Make sure you are doing an "apples-to-apples" comparison between programs offered by different agents.
Buyers and sellers are obligated to make accurate disclosures / representations when buying and selling real estate. For buyers, this primarily entails dealing fairly and honestly with the seller and not misrepresenting the buyers ability to obtain a loan. Things are a little more complicated for sellers.
Legally, you are obligated to turn your property over to the buyer in the same condition it was in on the day the offer was made. Additionally, some contracts require the property to be "broom clean". Even if the contract does not require it, cleaning your house before turning it over to the buyer has some benefits for you.
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.
You are under contract but not yet closed on the sale of your property. While fairly rare, the contract to sell your home could terminate without a closing as a result of contingencies granted to the buyer. When selling your primary residence, it is especially important to have a “Plan B” in case this happens.
Take a look at these dates and make sure you are planning accordingly.
Congratulations! Your property is under contract.
Most people are curious about what luxury living looks like in their neck of the woods. How many millions would it take and what do you get for all those zeros? Let’s looks at some facts for Metro Denver over the last year: Less than 2% of the homes sold over the last twelve months had a price tag ...
What makes one agent better than another? A little reflection on car dealers and accountants will provide the answer.
Need something predictable in your life? Take a look at the home sale data in the Denver area for May. The trends are pretty much what you would expect.
We, CHR, are incredibly proud of our accomplishments over the last 10 years and are honored to share this award with our entire agent team. Not only did the company receive amazing kudos at SMDRA’s Third Annual Diamond Circle Awards celebration … 23 of our agents were honored as Diamond Circle Award Winners, as well. Congrats team! Here’s to a ...
Pre-sale prep of a home, produces great return on investment, even in a hot seller's market!
Home prices have been rising rapidly in most of the United States over the last three years. Inevitably, this gives rise to fears that we are creating a new housing bubble. Aren't we just creating the conditions for another real estate crash?
Do websites like Zillow and Trulia create a situation where buyers and sellers just get together directly, eliminating the need for a real estate agent? The most definitive answer is "NO" and it comes from a surprising source.
The real estate industry must change. The goal of a real estate agent should be to become a great consultant rather than a pushy salesperson.
The metro Denver real estate market is a story of ups and downs. For the most part, even the "downs" are good.
Right now, sellers can sell quickly and for more than their home has ever been worth in many cases and still have options to implement strategies to protect themselves in case they cannot find an appropriate, exciting or acceptable replacement home.
What can an agent do for you with a new home purchase?