-
Get a lending referral when buying a house
Here is some advice when buying a home with financing
#lending #mortgage #realestate #finance #lender #loans #loanofficer #refinance #loan #realtor #money #mortgagebroker #business #investment #homeloan ##home #mortgagelender #realestateagent #financing #credit #firsttimehomebuyer #mortgages #newhome #mortgagetips #mortgagebrokers #property #mortgagelending #funding #broker #denverrealestate #coloradohomerealty -
What to disclose when Selling your home
The Seller’s Property Disclosure (SPD) form is one of the most important documents you’ll complete when selling your house. Most disputes that arise after the closing of a real estate transaction come from the buyer alleging some sort of misrepresentation. The buyer claims the seller knew something was wrong with the property but did not tell them. A properly completed SPD form is excellent protection against such claims.
The law in Colorado requires sellers to disclose latent defects of which they have actual knowledge. A latent defect is one that is not obvious on casual inspection.
A 10-inch-long crack in the middle of a 12-inch windowpane is NOT a latent defect since anyone that glances at the window will see the crack. A basement that floods once a year during a hard rain is a latent defect as it is unlikely that the buyer would actually see the house while this problem is occurring.
Disclosure is required if you have actual knowledge of the latent defect. You might have a roof leak that is letting water into the attic but the water is not showing up visibly anywhere in the living area of the house. If you tell a buyer that your roof does not leak and it later turns out that you have a leak into the attic, you have not violated any disclosure requirements.
Colorado law also states explicitly that certain facts are not subject to disclosure. When selling your house, you do not have to disclose:
(1) The fact an occupant has or is suspected of having AIDS/HIV;
(2) The fact there has been a murder or other felony, death or suicide on the property.
(3) Any other facts that might psychologically impact or stigmatized a property -- some people think the fact that a house is haunted might fall in this category.
When in doubt, it is best to err on the side of over-disclose. Read each lettered heading for instruction on how to answer the questions in that section. To the best of your knowledge, complete each section by selecting the option (Yes, No, I don`t Know & N/A) of the form and provide comments as needed for clarification. -
5458 Green Ct, Parker 80134
WHAT A LOCATION! Nestled at the top of a quiet cul-de-sac, this home is located on one of the largest lots in Pinery Glen (nearly 19,000 SF) and backs to open space and walking trails. The property is south facing to enjoy a quicker snow melt. The home features kitchen with eating nook, and then step into a large family space with room for dining. There is a spacious main floor master which overlooks the yard and open space. Upstairs there are 2 further bedrooms plus loft area. A bonus finished basement includes bedroom (and the possibility of a further 5th bedroom with closet installation) bathroom and extra bonus space. There is plenty of room for you to store your vehicles and toys in the spacious 3 car garage! Enjoy the large spacious deck and yard which has endless possibilities.
#parkerrealestate #realtor #denverrealestate #castlerockrealestate #coloradorealestate #parkerrealtor #aurorarealestate #colorado #coloradorealtor #parker #parkercolorado #homeforsale #parkerliving #realestateagent #househunting #denverrealtor #realestate #homesforsale #lonetreerealestate #highlandsranchrealestate #parkeragent #fiuapproved #dreamhome #denverlistings #parkerlistings #equitycoloradorealestate #realtoramandad #parkerlife #highlandsranchrealtor #parkerexpert -
Is it still a good time to buy/sell real estate with mortgage interest rates on the rise?
🏡 Is it still a good time to buy/sell real estate with mortgage interest rates on the rise?
Check out this video to see the 7 ways rising rates are currently impacting the real estate market 🎥 and leave a comment or send me a direct message to discuss your real estate goals!
#realestate #realestatemarket #realestatemarketupdate #denverrealestate #denverrealestatemarket -
Denver Real Estate Update May 2022
What are we seeing in the Denver real estate market May 2022.
Well inventory is up, as are interest rates. We have started to see a slow down in the market. However some homes are continuing to be in high demand with multiple offers
#denverrealestate #coloradorealestate #realestate #denverrealtor #denver #denverhomes #colorado #coloradohomes #denvercolorado #firsttimehomebuyer #coloradorealtor #realestateagent #realtor #denverliving #denverrealestateagent #denversbest #home #realtorlife #denverhomesforsale #coloradoliving #denverlife #househunting #homebuyers #milehighcity #realestatedenver #denverbroker #denverlistings #dreamhome #realestateexperts #homesweethomealone -
9121 Fox Fire Drive, Highlands Ranch 80129
Welcome to this lovingly maintained Westridge Glen home! Vaulted entry with hardwood floors, plantation shutters and open floor plan - perfect for entertaining. Main floor features formal living and dining room, kitchen with eating space, family room with gas fireplace, laundry and powder room. Upstairs there are 3 bedrooms. The primary bedroom has a large walk in shower and custom cabinets with quartz countertops. Finished basement with media room, bedroom and ¾ bathroom. Perfect size yard with mature trees and raised garden beds. Fabulous neighborhood with walking distance to Marcy Park, Redstone Park, Rovers Run dog park and tennis courts. Highlands Ranch Golf Course and UC Health Hospital just a few blocks away. Enjoy Highlands Ranch amenities that include: 4 recreation centers, parks and trails galore, Central Park and Town Center shops and restaurants.
#highlandsranch #colorado #denver #littletoncolorado #littleton #highlandsranchcolorado #lonetree #castlerock #centennial #highlandsranchco #lonetreecolorado #parker #centennialcolorado #denverrealestate #denvercolorado #greenwoodvillage #littletonco #coloradorealestate #aurora #fitness #englewood#parkercolorado #castlepines -
April 26, 2022
-
2801 N Vine St, Denver
Welcome to this charming period property situated on a corner lot in Denver's coveted Whittier Neighborhood. This home oozes original features including stain glass windows, fire place and built ins.
The owners have invested into the 'mechanics' of the house, so you have a new high efficiency boiler, and newer swamp cooler that was tuned up last year. Other improvements made. 2021 : New boiler / radiators, New windows / stained glass, Chimney lined ready for gas insert. 2019 : Upgraded electrical, Siding and paint.
Plus the yard has seen a beautiful transformation in 2019 - enjoy the pergola, fire pit, planting beds, fixed gas-line BBQ, paving and plants.
What does the inside have to offer. Well the gorgeous period formal living and dining room, plus open kitchen / living area. This home has 3 upstairs bedrooms. Plus a finished basement with 2 further (non conforming) bedrooms, full bathroom and bonus space.
What a location !!! This home is just minutes from downtown and conveniently located within a couple blocks of City Park Golf Course and walking distance to 17th St, Welton, parks, museums, bistros and boutiques. The property is zoned U-SU-B1 which (according to denvergov.org) describes a single unit district allowing urban houses and detached accessory dwelling units (ADU's) ... building form in the rear yard
#historicdenver #whittier #homesforsaleindenver #periodproperty -
Buying an investment property
With people having more equity in their homes, they are using this to build their financial portfolio by buying investment properties. There are many many questions around this topic, but here are the top 3 questions I am asked when people are considering buying an investment property
The first question is “How much do you need to put down?”
If you are buying a property purely as an investment, you need to put at least 20% towards a down payment. If you don’t have that much saved up, what some of my clients do is keep their primary residence and turn that into a rental and then buy their next home to live in.
The second question is “How do I know what rent to charge?”
Unlike purchase properties, there isn’t an MLS or Public record of what rents go for. What I recommend is to talk to a property manager, or there are websites out there like Rentometer or Zillow who will give you a range of rents in that area. Sometimes its a case of supply and demand and you simply throw a number out there (within a range of course) and see if the market reacts to it.
The third question is “Do I manage the property myself or have a property manager do it”
It really depends on your comfort level. A property manager is a professional company that will take away a lot of the headaches for you. Of course there is a fee associated with that. I have some suggestions around this subject so call me and I will offer some advice on this.
Buying an investment property has certainly been a great way to build wealth. So please reach out to us if you are curious about buying one.
#investmentproperty #investinrealestate -
Downsizing
I have had clients come to us wanted to downsize but then get a little ‘stuck’ in that process. Where to begin, where will we downsize to, how will begin the process of downsizing all that we have accumulated over the years. Indeed, it is quite a move, especially if you have lived in a house for many years. So here are some useful steps to help get you started in the process
Step 1
Look at your financing and how you will do this. There are definitely options, especially if you have equity in your current home. Once we know how the finances will work out, we can then structure a move around that to avoid as much disruption to you.
Step 2
As with anyone moving, there are usually a lot of things you keep in the house that probably don’t serve you in the next move. Take a room at a time, and start to declutter. There are companies out there which will help you with this if the task feels a little overwhelming.
Step 3
Start to identify homes that may work for you. I think the term ‘downsizing’ is misleading. We should call it ‘right sizing’. The reality is, you may not be cutting your purchase price down in half and may end up with a home that is a similar price. Some people do choose to go to a much smaller home, but whatever the price point, remember that the new home is a home to
serve your new needs in life.
A phrase I like a lot when consulting with clients is “Why Not Now”? So if you have a dream to make a fresh start, wherever that may be, please reach out to put a plan in place.
#downsize #activeadults #over55community -
5056 Vermillion Lane, Castle Rock, CO 80108
Welcome to this stunning low maintenance Tuscan inspired home. This home is nestled within Village Lakes which offers services including landscaping, driveway snow removal. HOA also includes pools, gyms, gated community, emergency services, trash removal twice a week and many more features. A perfect lock and leave home. As you step into the home, you will be greeted by a beautiful hallway with a formal living room to your left with wainscoting walls, and a study to your right which features cherrywood paneling. Head down the hallway which features archways to a formal dining room with vaulted ceiling, stone walls, adjoining private courtyard and a Butlers pantry. Step through to an open floor plan family area with gourmet kitchen with new quartz countertops and newer appliances. This opens to a beautiful family room with a fireplace which leads to an expansive, west-facing, composite deck with mountain views. There is an adjacent kitchen which looks out to the courtyard and includes built-in cabinetry, leading to a laundry room. There is a main floor bedroom which also leads to the deck with stunning front range views - perfect for your morning coffee. Five piece bathroom with two walk in closets. Upstairs there are three bedrooms, a balcony and bathroom. The third bedroom could also be bonus loft space/studio/playroom. Downstairs there is a spacious walk-out basement which features family/media room, recreation area, wet bar, bedroom and bathroom. There are 3 bonus storage rooms, 2 are currently used as workout rooms. Brand new water heater. Castle Pines Village has two of Colorado's best nationally rated private golf courses, The Country Club at Castle Pines and The Castle Pines Golf Club with the signature Jack Nicklaus course. Close to Village shops, Tony's gourmet grocery and butcher, great restaurants and shopping nearby. New Whole Foods just minutes away. I-25 access , DTC 20 minutes! In the highly aclaimed Douglas County School District
#movetocolorado #castlepines #castlepinesvillage #relocatetodenver #coloradohomerealty -
Post closing occupancy agreements
Post Closing Occupancy Agreements are now a very common request in the Denver market. What a Post Closing Occupancy Agreement does is allows a Seller to close on their house, and then live as a ‘renter’ in their house and the Buyer becomes the ‘landlord’. A Seller would normally request this if they are uncertain about where there next home or accommodation will be and gives them peace of mind that they have a bit more time to work with to avoid a double move. There is an actual contract for this that accompanies the Contract to Buy and Seller which is part of the negotiation when submitting an offer and this contract outlines who is responsible for what.
So some common questions that come up are
How long can you have one for?
Well an average contract is around 30 days. A seller can then request a Post Closing for up to 60 days from the closing date. 60 days is the golden number because as most Buyers come with a loan, they have to sign a document at closing to say they will occupy the property within 60 days. If a Buyer buys the home with cash, a buyer and seller can decide between themselves.
Another question is who pays for the time in the home?
This is part of the negotiation. In a very strong Sellers market, a Seller can usually get away with having the whole time for free, or sometimes you can have the first month for free and then pay a rent for the second month. As a buyer, one thing to remember is that when you close on a house, your mortgage payment is paid a month in arrears. So for example, if you close in March on any date, your first mortgage payment would be May 1st. So we can structure an offer that closes at the beginning of a month to avoid that.
Utilities can then be negotiated. And if its a longer period, we would normally expect the seller to buy for them. For shorter times, the buyer may pay for the water (which transfers with the property) and have the seller continue with gas and electricity,
If you are a buyer watching this, please make sure you are fully comfortable with this when writing an offer. I’ve seen situations where buyers will do absolutely anything to get a contract accepted, and then forget all this when they close and become impatient to want to move in. It really is short term pain for long term gain. And if you are a seller watching this and feel you want to move but don’t know where to go, this really is a great option. I have never yet had a client homeless. I always say, where there is a will, there is a way!
#helpingyoumove #realestatedenver #realestateindenver
Julie:
Justin: (303) 319-6045
Justin: (303) 319-6045