Finding the right home involves research, so you’ll need to ask the right questions. Here are 15 questions to ask when buying a house.
63 percent of millennial home buyers have regrets, mainly because they underestimated the hidden costs associated with buying and owning a home.
Due to the passage of Colorado House Bill 19-1098 known as “the deeds bill,” changes have been made to the Colorado Division of Real Estate’s standard form, Contract to Buy and Sell Real Estate (Residential). In addition to the changes to this contract, House Bill 19-1098 also necessitated changes to the Closing Instructions form used in Colorado real estate transactions.
You are absolutely correct that there are a fair number of buyers (first-time in particular) who underestimate the true costs of homeownership. It’s so much more than simply making that monthly mortgage payment, even if the taxes are included through a real estate property tax escrow.
Denver Realtor John Stegner, of New Era Group at Your Castle Real Estate, lists the top three questions to ask before buying a condo.
The Colorado Real Property Transfer Declaration helps county assessors collect essential information to ensure that property assessments are accurate.
Although most all home buyers prefer purchasing updated, well-maintained homes, what people prioritize in a rural property is vastly different than what they do in city ones.
First of all, what is a special tax district or metro district? It’s a tool which has been around for years to finance the infrastructure of new subdivisions for urban services such as streets, water/sewer lines, fire protection, etc.
A “snowbird” is defined as a Northerner who has two homes. Snowbirds move to a warmer southern state in the winter. Then when things heat up down south in the summer, the snowbirds migrate back to northern climes.
There are many types of mortgages, and one that may be a fit for your situation is a Federal Housing Administration (FHA) loan.
While a steady stream of income is a must for purchasing a home, lenders will not accept funds that haven’t been deposited into a bank. Here, we share why this is the case, and offer solutions for those in the marijuana industry.
If you don’t have a CLUE, don’t be embarrassed! Most Americans don’t have a CLUE and have never heard of the CLUE database, but if you are a home buyer or home seller, it’s probably a good idea to get a CLUE!
Many baby boomers never bought a home in their younger years and some baby boomers lost their home in the 2007 to 2012 recession. Baby boomers were born between 1944 and 1964, making them between 55 and 75 years old this year. Those baby boomers are now in their retirement years and are asking, “Am I too old to buy a home?”
Did you know there are three different opportunities in Colorado and Boulder County available for seniors to ease the burden of property tax payments on real estate?
Usually a real estate “For Sale” sign is pretty straightforward and announces that a house is for sale. However, with recent market conditions, there has been a trend across the country of “For Sale” signs having a sign rider attached that says, “Coming Soon”.
March Madness is here – and with Boulder’s red-hot real estate market, it’s not just for college basketball fans.
Megan’s Law requires identified sex offenders to register with local law enforcement officials and the federal law requires states to establish a list of convicted sex offenders.
If you are mulling over the idea of moving and need to compare to a variety of different places you are interested in relocating to, you will no doubt want to assess the cost of housing. The National Association of Realtors® (NAR) makes it easy to make comparisons. NAR has been keeping track of the housing affordability index nationally for many years, which enables you to see how the index has changed over time. The index is published on a monthly basis from NAR.
Homebuyers and home sellers hire real estate brokers to assist them with what is commonly the largest financial transaction in most people’s lives. In today’s real estate world, there is a copious variety of business models seeking to serve the needs of homebuyers and sellers. As markets change, types of real estate business models change and evolve with the market. When the market heated up prior to the recession, a business model evolved called limited service companies. The fees charged and services rendered varied greatly. The fees, commissions, and services are 100 percent negotiated between a broker and their principal. The Division of Real Estate does not regulate commissions or services offered. However, the level of services dropped so low, in some cases, that both brokers and their clients were contacting the Division of Real Estate for clarity regarding the minimum amount of service required was to serve the home buying and selling public.
Foreclosure auctions sound appealing to buyers given the prospect of getting a discounted price on a home. However, the term “foreclosure” is often mistaken for “bank-owned.” Buying a true foreclosure means buying a home at auction. This process is not ideal for first time buyers and here are a few reasons why.
Gen Z is poised to be the largest source of homebuyers in the United States. The post-millennial generation, or those born after 1996, make up about 32 percent of the population. And, according to a recent report by Realtor.com, 80 percent of them want to own a home before they turn 30.
Buying or selling your home is one of the biggest and most important decisions you will make in your lifetime – and the process can be complicated with many financial and legal considerations — so it makes sense to rely on a real estate agent who has been around the block, so to speak.
If you have three different professionals measure a home, you will likely be presented with three slightly different results. Why is that? Different standards, rounding differences, and local customs are just a few of the reasons.