inspection: What to Expect When You're Inspecting
- 06/22/16 06:18 AM
What to Expect When You're Inspecting By Scott Davidson You’re offer has just been accepted on the house of your dreams. It’s the perfect house; the yard is already landscaped, the kitchen is large and full of brand new appliances, the finished basement is ideal for all your recreation and storage needs, and the master bedroom is right where you wanted it. On top of that, you and your spouse are sure you won’t have to do any work on this one. You couldn’t find a single thing wrong with it, even when you arranged for a second showing, just before you … (1 comments)
inspection: Prepare to Sell Your Home in The Spring By Marc Bayes
- 01/06/15 05:41 AM
It is the start of the New Year, and maybe you are thinking that selling your home in 2015 might be a good idea and what’s a better time to do so than in spring? If you wish to get the most amount of money in the least amount of time then, there are some things you should probably do to prepare to sell your home in the spring. First, you need to spruce the house up with new paint; inside and out. Buyers can tell if your home has not been painted in awhile; especially if you have children. If your … (0 comments)
inspection: Hard Money Lending. By Dan Polimino.
- 09/16/13 08:10 PM
If you have been following this column all month, you would know that I have been writing about the fix and flip business as well the fix and rent business. If you would like to re-read any of those columns, you can do so at www.coloradodreamhouse.com/blog. This week, I want to write about a sub business that has developed in the last few years to help the fix and flip guys buy property without all the lending hassle. It’s called “hard money lending” and it’s been around for years, but it just recently gained enormous popularity because of the new stringent … (0 comments)
inspection: Why Inspection is So Important. By Marc Bayes.
- 07/09/13 07:51 PM
When buying a house you have an option for an inspection. An inspection is not required by the lenders to lend on a property but it’s also a process that shouldn’t be overlooked. The truth is the inspection is probably the most important aspect to home buying. I want to share with you a few tips to the inspection process because it is so important. Make sure you get an inspection! I can’t tell you how many people want to purchase a house but don’t want to pay for the inspection. An inspector is a doctor for a home. He goes … (1 comments)
inspection: 3 Steps to a Perfect Offer. By Marc Bayes.
- 07/02/13 09:13 PM
This has got to be one of the most competitive markets we’ve ever seen. I’m actually amazed when I see a home that doesn’t have two offers within the first fourteen days of being on the market. If the home is priced right and shows well they should expect multiple offers coming their way. I’m going to share with you three easy steps to making sure you win on the house you want in a multiple offer situation. The first step is earnest money. This is your skin the game! Want to make your offer look really great? Increase your earnest … (0 comments)
inspection: What Multiple Offers Mean. By Dan Polimino.
- 04/08/13 10:28 PM
There is no doubt that by now, if you have been following the news, you’re aware that the real estate market in Denver is now a seller’s market. What that means is that the demand for homes outweighs supply. This is super good news for sellers. Let’s face it: sellers have gotten the snot beaten out of them for the last four years. Those that had to sell probably took a heavy financial loss and when it came to inspection items, they were at the mercy of buyers. They say that in life, “what goes around comes around.” Now the … (0 comments)
inspection: Purchasing a condo that is not FHA approved
- 02/16/12 03:00 AM
In the Denver metro area a trend, that is further depressing home sales, is the increased standards required for a condominium project to have Federal Housing Administration (FHA) approval. Thankfully, these standards do not currently apply to townhomes. Astute real estate agents will verify the exact status of what appears to be a townhome, however some townhomes have a condo legal description which makes it fall under FHA rules for a condo. Not a good situation to see a buyer pay for an inspection and appraisal, then find out that the buyer is approved, but the property is not.
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inspection: They May Change the Game at the Last Minute. By Dan Polimino.
- 02/06/12 06:52 PM
A house is listed with me and my business partner Gary Lohrman. It’s under contract; everything is moving along smoothly, we are past inspection, appraisal, and all the big contingencies. We are just a few days away from closing when the buyer’s agent calls to say that there is a problem. At the last minute, the lender has decided that 20% down is not going to be enough and they will not close the loan unless the buyer comes up with 30% down. Now mind you, these buyers have a pre-approval letter from the lender, have acted in good faith, and … (6 comments)
inspection: FHA position on homes impacted by Meth use or labs
- 09/08/11 01:05 AM
One of the many great benefits of working for Crestline Mortgage Bankers, a division of Universal Lending Corporation, based in Denver, Colorado, is the information put out by the underwriting department to help avoid problems on the front end, so the deal does not blow up before closing when it could have been avoided. "After confirming with two separate sources at the Denver HOC office, we have learned any home, including HUD Repos, which have any evidence of the use of meth or creation of meth or even if a police report has been issued stating meth was in use … (3 comments)
inspection: Unless you are yokel, borrow local
- 06/22/11 11:54 PM
Unless you are a yokel, borrow local. Near the end of the last century, I was at a mortgage conference in Spokane, Washington. The conference had mortgage professionals from across the nation and was a great opportunity to see what was going on in the industry. The industry was changing and a topic of much discussion (and fear) was the impact of internet lenders and the big national banks. Supposedly they were going to use economies of scale, centralized processing, and underwriting to dominate the market. Unbeatable rates, great customer service, and quick closings. While not directly mentioned, I wondered if this would also not reduce global warming … (1 comments)
inspection: Pre – Inspection. By Dan Polimino.
- 05/31/11 01:21 AM
There is no question that inspection is one of those days in the home buying and selling process that is stressful for both parties in the transaction. Buyers are always worried that they are going to find something seriously wrong with the house that they just made an offer on, while sellers are worried that there is something seriously wrong with their house. In most cases, the buyers, sellers, and their respective agents don’t breathe a sigh of relief until the inspection period is over and has been resolved. One way that sellers can relieve their stress ahead of time … (2 comments)
inspection: You Cannot Fool Today’s Buyers. By Dan Polimino.
- 04/12/11 12:11 AM
Story # 1 A friend was telling me a story about buying a used car from a dealer. The car had the Inspected and Certified Used Car sticker on it, and the dealership represented that the car was in good working order. Nonetheless, the buyers wanted to have it checked out by their mechanic before putting down the money and driving it off the lot. Upon inspection, the mechanic told these would-be buyers that the car needed a new fuel pump as well as a new timing belt. The buyers went back to the dealership and told them what the … (3 comments)
inspection: Inspections On New Construction. By Dan Polimino.
- 04/05/11 02:40 AM
It’s one of those frequently asked questions: “Should I get an inspection on a newly constructed home?” Great question and I usually tell my buyers that the answer is yes/no and I’ll explain why. You see, most builders offer a one-year bumper to bumper warranty on the home that they just sold you. Moreover, during the due diligence process, buyers usually get a chance to do two walkthroughs with the warranty and service superintendent. The purpose of the first walkthrough is to point out any defects, problems, or items that you think need to be fixed in the house. The … (2 comments)
inspection: A Good Lender Makes All The Difference. By Dan Polimino.
- 09/20/10 02:52 AM
A couple of weeks ago, I talked about the fact that a lot of real estate deals are falling apart over inspection items. That seems bad, but dulls in comparison to the amount of deals that are getting held up or falling apart because of lending issues. This was and still is the number one reason why people are not or cannot buy homes. Many have tried and failed because of lending issues in the last two years The lending landscape is tighter than ever even though banks are showing record profits once again. I can understand why lending institutions … (1 comments)
What to Expect When You're Inspecting By Scott Davidson
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