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Home Buying 12-month Countdown Timeline

In Buyers by Doug Phelps

Ready to take the plunge into home ownership? Whatever your motivation, buying a home is exhilarating and rewarding. But many rookie – and returning to the market – home buyers find the process trickier to navigate than they expect or remember.

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Should You Hire A Professional Real Estate Agent To Sell Your Home?

In Sellers by Doug Phelps

Can you sell your house without hiring a professional licensed Realtor®? The short answer is, yes.  But, why would you want to?  Here are 10 factors that a seller should consider to make the experience fast, easy, correct the first time, and at a reasonable success fee. Pricing. The most important step is pricing your house properly.  Professional agents don’t …

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Patio Homes and Townhomes: Comparing and Contrasting

In Buyers by Doug Phelps

In many communities there are options to the kind of home a person or family can have.  The most obvious are multi-level apartment complexes and traditional single-family detached houses in neighborhoods and subdivisions.  In between these two extremes are a couple of options that are less known and understood – patio homes and townhomes. The differences are small but distinctive. …

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Ready Your House to Sell Quickly at Top Dollar

In Sellers by Doug Phelps

Get Estimates and Certificates Eliminate surprises and be proactive. Find out what it might cost to replace the major systems in your house that could be on its last legs — like the furnace or a/c, roof or water heater, and in older homes, electrical and the sewer system.  You may not be prepared or even want to replace or …

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WARNING: Leasing Solar Panels for Homes Is Killing the Sale of Homes

In Sellers by Doug Phelps

Property owners who have solar panel leases on their homes are killing the sale of their home. As interest in solar continues to grow in Colorado and across the country, buyers and sellers need to be forewarned. It is more and more common to see disputes, and this problem will get worse. Let’s look at some reasons why. Solar companies …

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Making Home Ownership a Reality

In Buyers by Doug Phelps

Coming up with the down payment has always been a difficult task for most buyers, especially young and first-time folks.  This is especially true in today’s market where a variety of factors – including student loan debt averaging $30,000 for the 20-something market – have made this even tougher to accomplish. As a result, in recent years there’s been a …

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The Challenge Of Repositioning

In Sellers by Doug PhelpsLeave a Comment

Repositioning. What is it? You own a house. You need to sell it to buy another because the one you own is too small, too large, too old or in the wrong area. Or, you are just tired of it. Or, there has been a marriage, divorce, a death, a job change or … well, the list is endless. Unlike …

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Why New Construction?

In Buyers by Doug PhelpsLeave a Comment

The BRC have also created this interesting article on the benefits of considering New Construction when buying your next home. Why New Construction? Superior Energy Efficiencies and Advanced Building Technologies – savings on monthly utility bills and easier maintenance. Builder Warranties – not found in re-sell. Builder Financing – financing options most existing-home sellers can’t/won’t offer. Allows Demanding Buyer to …

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Are You Planning To Buy A Newly-Built Home? Then You Need A Professional Real Estate Agent To Represent You!

In Buyers by Doug PhelpsLeave a Comment

The BRC recently provided advice for buyers of newly-built properties. Below I have outlined their recommendations: Buying A Brand New Home Is Exciting. The ability to choose your favorite floor plan, personalize your interior decor by choosing colors, options and features that suit your needs and wants, can be a satisfying experience that enhances your enjoyment of living in a …

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What Makes Some Homes a Better Investment Than Others?

In Buyers by Doug PhelpsLeave a Comment

Most everyone wants to make a good investment in their home. The longer one stays put the greater the chances are to accumulate equity. Some homes and some neighborhoods do considerably better when it comes to appreciating in value. What factors might make one home a better long term investment over another? Consider: Quality of schools.Even if you don’t have …

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Benefits of Using an Agent When Buying a New Build Home

In Buyers by Doug PhelpsLeave a Comment

New home builders and their staff are good people by and large. However, they are the seller and you are the buyer. Sellers and buyers always have different objectives and agendas. It is smart to have someone equally skilled as the builder’s representatives to help look out for your best interests. Because they won’t. The Agent is Paid by the Builder.  …

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Multiple Offers Impact Buyers … and Sellers

In Buyers, Sellers by Doug PhelpsLeave a Comment

Multiple offers on a given property have been a part of our current strong seller’s market. One can easily see how this can create frustrations for buyers. It often creates headaches for sellers too. What is a seller’s market? Defining this is typically done by looking at the number of months of inventory on the market at any one time …

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New Construction Pros and Cons

In Buyers by Doug PhelpsLeave a Comment

Buying a newly built home or one that’s been previously lived in have their advantages and both have people who love them. A newly constructed home is the most expensive item most families will ever purchase, easily more expensive than buying a previously owned home. However, the trade-offs are worth considering. Benefits of Buying a New-Built Homes A new construction …

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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? …

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Staging: The Economical Remodeling Alternative

In Homeowners by Doug PhelpsLeave a Comment

Here is a rather typical scenario: An agent is working with a seller and a home stager to get a house ready to go onto the market.  They have done a bunch of low-cost and even no-cost things that have made the house show better, so it will stand out in the emotional thoughts of potential buyers.  The client says, …

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Get Referrals for the Services YOU need

In Homeowners by Doug PhelpsLeave a Comment

I and my colleagues at CHR believe in working by referral. Doing so allows us to focus on our clients and their needs before, during and after closing a real estate transaction. Purposely, the bulk of our business comes from past clients and friends who refer us to the important people they know. I love the concept of working by …

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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 …

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Call Early When Needing to Sell

In Sellers by Doug PhelpsLeave a Comment

Agents sometimes get calls that go something like this: CALLER: “Oh … I’m glad I caught you. I want to sell my house and need to have it on the market by this weekend.” AGENT: “Great! I’m so glad you want me to help you with your home sale. Are you aware that it’s Thursday…Thursday afternoon?” CALLER: “Yeah. Sorry for …