You have probably heard that inventory levels are down in Summit County. We only have enough properties for sale to get us through the next 3 months. Of course, more properties will come on the market and carry us into the summer and fall months, our selling season. However, choices will be tight and competition may […]
Have You Considered Partial Ownership For Your Vacation Home?
Partial ownership is deeded ownership of a fraction of a property. Just like home ownership, there are both advantages and disadvantages to partial ownership. It may work perfectly for your situation or not be a very good fit. The most common way properties are split is into quarter shares, 25% ownership. Some properties are split […]
Properties Are Scarce In Frisco Right Now
Are you looking for a home in Frisco? It is slim pickin’s right now. As I’m writing this there are only 21 residential properties for sale in Frisco. The lowest priced is a 3 bedroom condo for $428,000. Only 12 of the 21 properties are priced under a million dollars. There are 12 additional properties under […]
Get The Dirt On The Lot Before You Buy
Buying And Selling Property In Colorado: The Purchase Contract
When buying and selling property in Colorado, most transactions will use the contract approved by the Colorado Real Estate Commission. The Colorado contract to Buy and Sell real estate is 17 pages long and is written to protect the buyer. Buyer Protections Once under contract, there are eleven opportunities for the buyer to terminate the […]
Buying And Selling Property In Colorado: The Agent Relationship
Every state is a little different in the way a home purchase works. Some states are more hands off than others. Some state involve attorneys and others use title companies. Even the relationship you have with your broker may not be what you are used to. Many areas use different terms for the same process. […]
Changes Coming October 1 For Real Estate Purchases
In an attempt to better protect consumers from predatory lending practices, the Consumer Financial Protection Bureau (CFPB) has integrated the mortgage loan disclosures as required under the Dodd-Frank Act. What this means to consumers is two new forms. The Good Faith Estimate that discloses the costs of the loan at the beginning of the loan […]
Is Your Real Estate Agent Marginal?
NAR, the National Association of Realtors, recently released a “Danger Report” that states the largest threat to today’s real estate agent is other real estate agents. When an organization that is out there to protect and propel the image of Realtors is publicly skeptical about real estate agents, there must be a big problem. The competence of […]
Make the Time to Read the Contract
Everyone has heard horror stories about people that have signed a contract, didn’t know what they were agreeing to, and somehow got taken. But still, when presented a document that needs to be signed while someone waits very few people actually read it. Some will ask what it says, others will skim it quickly, but […]