how to buy a house: Buy a House in Colorado: It Isn't 'Under Contract' Until It's Signed
- 09/23/13 08:48 AM
Really, most people know that when buying a house in Colorado, it isn't 'under contract' until the offer is signed by all parties. In fact, that's probably true in all 50 states (although different terminology may be used). And the people who should know that even more so than anyone else, are licensed real estate agents. But just in case anyone out there is working with an agent who doesn't understand this important detail - here is a reminder: The house you want to buy or sell is NOT under contract until it is signed by all buyers and all sellers. … (6 comments)
Short answer: You simply include the address in paragraph 10.8 of Colorado's 'Contract to Buy and Sell Real Estate', and add the Conditional Sale Deadline into Item 28 of the Dates and Deadlines Table in Paragraph 3. You can read what paragraph 10.8 says at the bottom of this post. Personally, I would include an explanation of where you are with the sale of that house. … (6 comments)
how to buy a house: My Credit Cards Are Maxed Out - Can I Get A Mortgage?
- 02/27/13 01:54 AM
If you told me your credit cards are maxed out, and asked it you can still get a mortgage, I'd advise you to speak with a lender. I'm not qualified to give loan advice, but lenders such as the one who recently answered this question in their 'Mortgage Tips' series certainly are! Read on for the answer to this question from Chris and Debbie Thomas of America's Mortgage: "My credit cards are maxed out. Can I get a mortgage?" "If you make enough money to pay your bills, and your credit score is high enough, then you can get a … (0 comments)
how to buy a house: Why Did That House Sell So F-A-S-T!?! It's About Eye Candy
- 02/24/13 03:05 AM
It's interesting to see homes that sell exceedingly fast, then to notice that they previously had been on the market for a long time, unsold. I'm curious about such events - could it be a lower price? the changing market? So once in a while I take the time to see if I can figure out what made the difference.
For instance, I just saw a home in Westminster's Brandywine neighborhood that came on the market yesterday and is under contract today. I checked the listing history, and noticed it was priced $5,000 less than in a previous listing, but … (0 comments)
You need someone who will pitch in and get the job done,
and who's not TOO friendly!
You need to find a real estate agent who is: Experienced Responsive Communicative Familiar with the area where you're house shopping Has a personality that meshes with yours Has a great reputation I have a few tips … (3 comments)
how to buy a house: Gen X and Gen Y = Savvy Homebuyers. Agreed?
- 11/06/12 07:56 AM
I find Gen X and Gen Y homebuyers to be savvy, engaged, and persistent when it comes to getting what they want. I've seen some agents complaining in blog posts that Generation X and Generation Y homebuyers are selfish, unaware what it takes to maintain a home, and naive about being able to get everything they want. Well, guess what - Baby Boomers can be the same way, even if they've owned a house for decades! Anyone can be, we're all people, after all. But here's why I see those same traits in a different light. First of all, the accusations … (2 comments)
I’m writing this on the afternoon of our first snowfall. I was able to get out into my backyard yesterday and bring in sweet peppers, jalapenos, apples, and tomatoes before the frozen white stuff came down. Next time it warms up a little I’ll get those gardens tucked in for winter. I’ve had the extreme pleasure the past few weeks of visiting several of you, my long-time readers in their homes. It seems that many people who have been waiting until the market improved to sell … (3 comments)
how to buy a house: Buying a House Denver to Boulder? Lots of Helpful Info Here!
- 09/08/12 12:54 AM
I love helping people buy a house in Arvada, or any of the lovely communities between Denver and Boulder. And yet, it can be a complicated endeavor, even for folks who've done it before. A lot has changed! One way I help people is by putting out a lot of information via blog posts. I thought I'd collect up my posts into one article for easy access. Don't Waste Time Looking at Homes That Don't Really Have What You Want Home Inspections - Do You Really Want the Seller to Make Repairs? Buying a Short Sale - this article contains links … (4 comments)
how to buy a house: Arvada Homes with Mountain Views. Really.
- 09/03/12 07:51 AM
If you've searched for a home with *mountain views in Arvada or the nearby towns of Golden, Broomfield, or Westminster, you may have seen many properties that don't actually have the touted mountain view. Often, there is a view of sorts. If you bring binoculars you can see the mountains betwen the rooftops of a dozen or so other homes, in the winter when there are no leaves on the tress. But sometimes, there's no view at all. How disappointing is that, to show up at a home, excited about this maybe being 'the one', only to discover the promised *view is … (3 comments)
how to buy a house: Short Sale Agents: If Requests for Updates Stop Coming, Time to Worry
- 09/01/12 07:04 AM
First of all, if you're the listing agent on a short sale, you should give regular (at least weekly) updates to the buyer's agent without being asked. But, if you don't give updates and the buyers' agent asks you for updates, be happy. At least you know the buyer and their agent are still engaged. When those requests for updates on your short sale listing stop coming, you may be tempted to feel relief. But don't be silly - that's an excellent indication that the buyer is moving on. Maybe they haven't found another house yet, but you can bet they're … (15 comments)
how to buy a house: Home Inspections - Do You Really Want the Seller to Make the Repairs?
- 08/31/12 05:33 AM
When I have clients buying a Denver to Boulder home and issues are found during the home inspection (they always are!), the buyer's first instinct is to document a long list of repairs for the seller to do. Home Inspection Process Denver to Boulder This is when I have 'the talk'. No, not that one! The one about whether they really want the seller to make repairs. If you're my client, I'll support whatever decision you make about home inspection issues, but I would want you to be aware that some people will not actually do in good faith what they agreed to do in writing. … (5 comments)
how to buy a house: Inspection Resolution - Don't Just Take the Seller's Word For It
- 08/29/12 08:08 AM
If you're buying a house and as a part of inspection resolution the seller agreed to do repairs, don't just take their word for it that the repairs were actually done. And don't wait until the closing table to get a copy of any receipts for repair. Make sure the inspection resolution dictates that the repairs be completed by a certain date, that they are done by qualified professonals (licensed, if applicable), and that you receive the written proof several days before closing. Then, you need to make sure that what was supposed to be done, was done. Call the repair … (6 comments)
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