The details involved in closing on a home are daunting. So it stands to reason that when closing day arrives, and stacks of papers must be signed, any snag in the process can delay or even derail the closing. For this reason, smart buyers don’t wait for the last minute to review certain documents or… [Read More]
The #1 issue that lands home sellers in court-shared by Jo Pellegrino
What is the #1 single issue that lands more sellers in court–even years after the house has sold? The answer is “lack of disclosure.” If you’re the seller, you need to know that Colorado law follows a doctrine of “implied habitability” rather that “buyer beware.” This means that home sellers are presumed to be selling… [Read More]
Home Equity on the Rise for Seniors
Are you a homeowner age 62 or older? If so, there’s some good financial news for you. According to the National Reverse Mortgage Lenders Association (NRMLA), homeowners in that age bracket saw their home equity increase by a combined 3.1 percent to $6.3 trillion in the first quarter of 2017 from $6.13 trillion in the… [Read More]
Online real estate estimates and how they are best utilized
In today’s world, most buyers and sellers begin their real estate intelligence gathering by turning to Internet resources such as Zillow, Trulia and Redfin. However, online price estimates might be little more than an algorithm’s best guess–and with thousands of dollars at stake, relying on their information could be a costly mistake. Online estimates can… [Read More]