Tagged : denver

You have waited for what seems like eternity and now, out of the blue an offer comes in to purchase your home. The excitement builds and turns into relief, then you realize that the offer is much lower than your list price. What should you do?

Give every purchase offer for your home due consideration. Is it truely unacceptable? If so, your best response is to propose a counteroffer with price and terms that are acceptable. In this market many home buyers submit an offer to check the motivation level of the seller, expecting a counteroffer if it is unacceptable. Keeping a dialog going with a potential puchaser of your home and keeping them involved often times will result in a sale.

Check your Emotions at the Door

Even a low purchase offer still…

Give and take is part of every successful negotiation. Ego and stubborness are the primary obstacles to achieving your goals of selling your current house or purchasing your dream home because they leave little room for agreement between buyer and seller.

An adversary in negotiations is rarely inclined to capitulate to lines drawn in the sand. Negotiating with lines drawn in the sand raises defense mechanisms that most often leads to failure and feelings that prevent the negotiation process from moving forward.

Small accomodations and compromises will often keep lines of communication open and move both sides closer to an agreement. These compromises show a willingness and interest in continuing to talk in order to keep negotiations moving…

These have been touched upon in many articles in many different ways. We thought that bringing them together in a simple format would be helpful for those who are considering selling your home. There really are only six factors that contribute to the successful sale of your home.

When looking at these six factors it is vital to understand exactly who has control over them and their relationship to each other. 

• The seller (you) controls three of the six factors.
• The real estate marketplace controls two of the six factors.
• Only one of the six factors is controlled by your Realtor®.

Sellers Control

1. Condition – A well maintained home will affect how long it takes for the home to sell and the price finally agreed upon. A home…

Homeowner associations are essentially corporations established by developers of real estate. The association works initially to market and sell the homes in the subdivision. The developer is granted the right to vote about association policies while also allowing him or her to transfer the ownership of the association to individual homeowners upon the sale of a certain amount of lots. When a home within a homeowner association is sold, the home buyer is normally not allowed to reject the homeowner association membership. There is typically a board of directors established to run the association, collect dues, and hold meetings. Many of them retain the services of a property management company to carry out those duties.

Homeowner association regulation…

The internet is a powerful source of information and searching for a home using the internet can be easy and fun. Many websites are dedicated to real estate and can help greatly with your search. Real estate websites have search options to help narrow your search and find the house you want at the price you want. Searching for a house on the internet can be easy. Using a search engine for house hunting has never been easier. If you're searching for agents rather than houses, it’s just as easy. Finding an online agent is the same as finding a house. Using a search engine, you can search for websites with housing agents and find one for you. Agents over the internet can e-mail or call you after you contact them to help you find a great house. 

Most agents…

Experts say that a well-manicured lawn will help increase the value of your home. A home that has trees, flowers, and a well maintained lawn can increase the chance of selling your metro Denver property by ten percent. Any well-established real-estate agent will tell you if your yard looks unkempt then nobody is going to buy it. Landscaping is not very expensive and can be fun. When landscaping your yard make sure to use colorful flowers that stand out and give your yard a wow factor. You could even put in a pond if that is the look that you want for your yard.

Landscape lights can help extend that hard work into the night for everyone to enjoy. They also can make the yard look magical at night if done right. Landscaping lights will enhance the vibrant…

The word foreclosure is not a pleasant word in the world of real estate for either the lender or the mortgage holder. Foreclosure essentially means the mortgage is being terminated, typically because of lack of payment of the part of the mortgage holder. Foreclosure proceedings can also refer to the process of the government foreclosing on the property owner for unpaid taxes.

Most mortgages, whether for commercial or residential real estate, operate on the basic principle of borrowing money from a bank or other lending institution for the purchase of property. The bank needs to secure the money they have lent, so this requires security, which is often the property itself. The lending institution is then relatively safe in the event the mortgage holder…

The word escrow can mean many things depending upon which context it is applied to. In generic terms, escrow refers to a deed that a third party holds until a transaction is complete. There are four basic types of escrow - banking, Internet, law, and real estate.

In real estate escrow, a mortgage company sets up an escrow account separately from the mortgage in which the deposited funds are set aside for purposes of paying certain responsibilities such as the property taxes and property insurance payments for the term of the mortgage. An escrow agent is assigned to the purchase of a specific piece of real estate and they are expected to account for the money deposited into the escrow account and make sure that the money is used expressly for the intended…

In the realm of real estate, a life estate is a limited ownership for a period of time. Specifically, a life estate lasts for the lifetime of the tenant who is allowed to enjoy all of the rights of ownership until their death. A life tenant is allowed to live in the home or rent it out for money or any other use they can conceive of.

The life tenant is however unable to sell the real estate or leave the property to their heirs, as the ownership reverts to whoever was designated in the agreement of the life estate, normally called a remainder man. During the life of the tenant, he or she is responsible for the maintenance of the property as well as the right to either live in the home or rent it out. The life tenant is not allowed to damage or devalue the…

In many areas of the world, real estate refers to a piece of land and any type of improvement attached to it. Real estate is often synonymous with real property or realty, while personal property refers to any other possession that is not a fixed or immovable part of the real estate. It is disputed as to the meaning of the word 'real' as it refers to property, with the main argument since it refers to the reality of matter. The other side of the case states that 'real' refers to the French meaning of the word - royal in which feudal ruler owned all of the land and his or her subjects paid rent to live upon the land.

The laws of real estate differ across the globe, but there are main categories throughout. Within the realm of residential real estate,…