Your reasoning sounds valid. I would just call your Buyer's Broker (I hope you were represented by one ~ because this is the kind of thing we can handle for you!). They will work with the on-site sales representative and have them look into it for you. Best of luck in your new home.... more
There are many risks of buying a home as is. It all depends on your purchase price and the condition of the home. Lets say you buy a home for $250,000 and that is retail near the top of the market for that home. Well if they are making you buy as is and you need to replace a furnace or something as simple as updating lighting. Well all of that money you just put into your home you wont get back. If you buy that house for $225,000 and you only need to do $10K of repairs, then it makes sense to buy that home. Your agent should be informing you of the current market conditions of that area and advising you on how to buy that home. You always want to do an inspection and know what your getting yourself in. If that work is to much to do and it doesn't make financial sense then its not a smart buy. I am happy to explain this further for you. Feel free to reach out to me anytime. Good luck... more
I'm sorry to say that will be a bit of a challenge, especially if you're interested in the Highlands area. The rental market in Denver has been exploding recently and remains pretty tight. Most owners are seeking to capitalize on the situation with much higher rents, especially in desirable areas.
Are there other parts of the metro area you might consider? Or is your budget adjustable?
Best of luck,
Tony & Karen... more
School districts (and individual local schools) are one of many factors for home buyers to consider. Of course, the relative importance of any factor will vary depending on the buyer. For some, school districts won't matter much, for others they may be the defining issue. That being said, a good school district and strong local schools are generally considered as pluses, and all other things being equal, such homes will probably sell for a premium. This may also be a factor in projecting resale opportunities.
The flip side is that if it's not especially important to you, you may find a better value in terms of square footage, amenities etc in areas where that premium doesn't apply.... more
The Clayton neighborhood is a great neighborhood to move to! I live in the Skyland neighborhood, just south of Clayton, and pay close attention to the area. There are many houses being fixed up and re-sold for much higher than the neighborhood has seen, helping home values significantly.
Also, a very exciting part of this neighborhood is that the new light rail addition will be bordering the north end of Clayton along 40th! If you are interested in seeing what is currently available in the Clayton neighborhood , I would love to help!
Associate Broker Keller Williams Downtown
Hopefully the below paragraph from our Colorado contract is helpful. Please feel free to contact me if I can be of additional service.
7.3.3. Any Sale (or Lease if § 3.5.2 is checked) of the Property within calendar days following the expiration of the Listing Period (Holdover Period) to (1) to anyone with whom Broker negotiated and (2) whose name was submitted, in writing, to Seller by Broker during the Listing Period including any extensions thereof, (Submitted Prospect). Provided, however, Seller Shall Shall Not (check one) owe the commission to Brokerage Firm under this § 7.3.3 if a commission is earned by another licensed real estate brokerage firm acting pursuant to an exclusive agreement entered into during the Holdover Period and a Sale or Lease to a Submitted Prospect is consummated. If no box is checked above in this § 7.3.3, then Seller shall not owe the commission to Brokerage Firm.
Irontree Real Estate
(303) 335-9801... more
I wouldn't say more difficult. I would say it makes it less likely to get an offer accepted, given there are other, substitute Buyers considering the same home with no contingencies. Put the Seller's coat on for a moment who would you sell to - the Buyer with fewer or more contingencies...or maybe one with no contingencies? Now, that being said, you could always raise your offer price as consideration of the Seller accepting your contingencies. A good Realtor should be able to coach a client through this scenario and get information re: what is important to the Seller (other side) and whether or not they'd accept certain types of contingencies. Hope this helps. Cheers!... more
Technically NO but 99% of real estate agents/brokers will require you to be before showing you homes.
If you would like to get pre-qualified or pre-approved I would be more than happy to assist you.... more
Depends if you are buying with a loan from the seller, a lender or paying cash. Also real estate contracts are 13 pages because there is more to the transaction than price and closing date. The title insurance rates in Colorado are pretty comparable, but who is paying for the title insurance? This is typically a seller expense and the actual closing service is often shared 50/50.... more
The unknown condition. You will have a chance for inspection of the major systems however you are typically buying the home in as-is condition. If you have further questions, please call 303-246-2759.... more
And you may need to supply various documents or answer some questions for the lender as you get closer to closing. For example: the current address for your 5th grade math teacher; how many apple pies will fit on a doghouse roof; your 1099 for your first paper route.
Don't sweat it. Your mortgage broker and Agent will get you through it.... more
We do not have a rental MLS system in Denver. I suggest you look actively on Craigslist, rent,com, Zillow, Trulia and Hotpads.com. The rental market is a hot one, so have references and credit scores ready, and be ready to say YES when you see one you like... more
Cole, Whittier, Skyland, Clayton, and some areas of Five Points are all poised to improve dramatically. There are lots of great investment and rehab opportunities and new buyers are flocking to those areas.
Are you looking for a home, or strictly investment properties? We'd love to talk about your goals and some possible strategies. We both own and manage rentals, and have been involved with rehabs as well.We can also hook you up with some excellent tradesmen.
Feel free to drop us an email, call or text.
Tony & Karen