Imagine – you are back in high school and that you play chess about once a year. A nerdy guy asks you if you want to play a “quick” game. It just so happens that behind those pimples, thick-rimmed glasses, and pocket protector is the president of the school’s chess club. How’s that game going to work out for you? …
Gift Idea: Money for a Down Payment
The holidays are over. For lenders however, gift giving is on their mind all year long. This is because many loan programs allow some or all of the down payment to come as a gift from a family member. An FHA loan, which is available to everyone and not just for first time homebuyers, has a down payment requirement of …
Tidy Your Underwear Drawer?
Lender procedures are getting more involved, but does this mean they can pry into your very personal stuff?
Home Inspection – Always Smart to Do
Every Buyer wants a house that is in perfect condition. In reality, this seldom happens. Defects are common, even in new construction houses. This is why it is important that a professional home inspection be done. In Colorado, a Buy/Sell Contract allows an inspection to happen in a short time frame after a Buyer’s offer for a property is accepted …
Understanding the True Condition of a Home
There are two ways that a Buyer can combine to understand the true condition of a house they want to buy. Prior to a sale, a Seller in Colorado fills out a disclosure document called a Seller’s Property Disclosure. In the document the Seller answers several questions about the property to the best of their knowledge, revealing all known defects. …
