Derec Shuler

"Real Estate Brokerage and Social Media Consulting"
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  • Real Estate Professional
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  • The Shuler Group at Innovative Real Estate Gr
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  • (303) 289-7009
Derec Shuler, in Denver
  • 7 Answers
  • 1 Best Answer
  • 2 First Answers
  • 1 Useful Answer
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About Me
We provide residential brokerage services and consulting for clients looking to build wealth through real estate. We are active in the Colorado market with a strong international referral network and expertise to service international clients and properties.

We make use of technology and innovative trends in the industry to provide our buyers and sellers the best real estate experience, saving them time and money in the process. Our clients succeed with us since we create win/win deals and focus on providing excellent service, expertise, and innovation.

We're also active in integrating technologies in the real estate sphere and leveraging social networking.
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Derec Shuler's Questions (0)
Derec Shuler's Answers (7)
Lisa, Home Buyer in California

Can a seller contribute up to 6% towards the buyer's closing cost for a FHA loan? Has there been changes?

Asked Mon Sep 22 2008, 20:18 by Lisa  -  All locations  -  Home Buying  -  3 answers
Derec Shuler answered:
Unfortunately, this JUST changed as part of recent legislation known as the Housing and Economic Recovery Act of 2008. FHA will no longer allow seller-funded down payment assistance. There are still non-profit community grants and loans that may be available in your area. The Act cited DOES have a provision essentially granting a $7,500 tax free loan from the government for first time home buyers. This is handled through your income tax returns and is repaid at $500 a year for 15 years. Contact a local Realtor or mortgage broker to see what's available in your area. - Mon Sep 22 2008, 20:24
Scott, Home Buyer in Colorado

Interested in purchasing an REO. Does this offer seem possible or am I dreaming?

Asked Mon Sep 8 2008, 22:17 by Scott  -  80906  -  Home Buying  -  8 answers
Derec Shuler answered:
I would contact a Realtor to work with you on this one. Again, they can get you the comps, etc, as you're already aware. I'd also get a contractor to walk with you through the house and put together a bid and budget for you to determine what it would take to bring the home up to "normal" and then to include extra to include what you'd like to have. Take the comp number and construction budget into consideration and have a Realtor put your offer together, which is done at no cost to you. I have a great contractor if you're in the Denver area.

Good luck with this home! - Mon Sep 22 2008, 18:36
David, Home Buyer in 22180

2-bedroom condo within walking distance to the Don Loring Metro or the Vienna Metro for around $250,000?

Asked Mon Sep 22 2008, 18:23 by David  -  Vienna  -  Home Buying  -  5 answers
Derec Shuler answered:
I moved from the DC area a few years ago but you should be able to locate a local agent that has a map-based MLS search tool on their website. That will allow you to designate the area you're interested in and to search your price point and criteria. Good luck! - Mon Sep 22 2008, 18:28
Jeremy, Home Buyer in South Windsor

How much money should I put down for earnest/good faith?

Asked Tue Aug 26 2008, 16:58 by Jeremy  -  South Windham  -  Home Buying  -  5 answers
Derec Shuler answered:
Who's asking for the January closing? If you creating a contingency on sale, I be open to paying more in earnest money as a gesture of good faith so the seller has a little more peace of mind.

This is always a negotiating point and if your financing and credit look strong, I wouldn't let it stand in the way of closing the deal. Perhaps you could offer them to keep it on the market with a right of first refusal? - Tue Aug 26 2008, 17:28
Jeremy, Home Buyer in South Windsor

What is normal for closing costs and who pays what?

Asked Tue Aug 26 2008, 17:01 by Jeremy  -  South Windsor  -  Home Buying  -  3 answers
Derec Shuler answered:
Hi Jeremy,

This will depend on the state you're in but in Colorado, we normally close using title companies. If either of you are taking out a loan, the lender will require clear title and insurance to safeguard their investment. The basic insurance it usually purchased by the seller with additional endorsements purchased by the buyer. The other closing costs in our state are usually split though this is open to negotiation. The buyer will like bring additional funds to closing for tax reserves and other payments the lender will require.

Consult and attorney or title company in your state for specifics. - Tue Aug 26 2008, 17:23
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My Listings
1521 Ivy St, Denver, CO 80220 1521 Ivy St,…
$133,000
2 br  1.0 ba Listing Web Site
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Certifications & Awards
Master of Real Estate (MRE)
Graduate, Realtor Institute (GRI)
e-Pro
Transnational Certification Specialist (TRC)
Resort and Second Property Specialist (RSPS)
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