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Change in Colorado Real Estate Contracts for 2013

By
Real Estate Agent with The Platinum Group Realtors

One of the new changes for Colorado Real Estate contracts involves the inspection resolution.  It now is required that the buyers lender receive a copy of this inspection resolution and can ask for a copy of the inspection report. What this also means is that the underwriter could change the loan conditions/approval based on the inspection resolution/inspection report if there is something unsatisfactory to them. 

 

As a Realtor I believe this is another example of why it is critical to for agents to work together and have great communication not only with their buyers and sellers but also with each other.  How this will play out is unknown at this point but as with anything that is a change in life communication is often the key to creating win/win solutions for all involved.

 

 

Posted by

Kelly Young Realtor

About the Author: Kelly Conner Young, GRI

Kelly is an Associate Broker with The Platinum Group Realtors.  She has over 15 years experience in Real Estate in the Colorado Springs and Front Range region of Colorado. She represents buyers and sellers of real estate buying homes, land for sale and mountain property getaways.   Specific areas include:  Black Forest, Broadmoor, Colorado Springs, Divide, Falcon, Downtown, Manitou Springs, Monument, Old Colorado City, Westside, Woodmen Hills and Woodland Park. You can reach her at 719-226-0126 or by clicking "email the author" above.

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