View Post

Buying Brand New Homes … and Chess

In Buyers by Doug PhelpsLeave a Comment

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? …

View Post

A Perfect Storm

In Buyers by Doug PhelpsLeave a Comment

Thinking of buying a home? You may want to get that done as soon as possible. Rising home prices along with rising interest rates are two factors that are creating this urgency. According to most recently published statistics for the metro Denver real estate market, residential homes have appreciated in value by approximately 12% February 2013 to February 2014, and …

View Post

Gift Idea: Money for a Down Payment

In Buyers by Doug PhelpsLeave a Comment

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 …

View Post

Home Inspection – Always Smart to Do

In Buyers by Doug PhelpsLeave a Comment

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 …

View Post

Understanding the True Condition of a Home

In Buyers by Doug PhelpsLeave a Comment

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. …