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Home Buying in 80237 : Real Estate Advice

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Activity 4
Wed May 22, 2013
Christine Nicholson answered:
Dear Helloo,

As much as you might not want to spend any more money, I would suggest consulting with a tax specialist, both for the benefit of you and your parents. Minimizing the tax burden is worth the fee for an hour or so consultation.

Best of luck with your purchase!
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0 votes 15 answers Share Flag
Sun May 12, 2013
Chuck Strauss answered:
As stated below, it is all negotiable.
If your agent is asking for a longer period of time than you are comfortable with, then it is likely that you might want to keep looking for another agent, one that you feel confident will see you through the entire process; in today's market, with limited inventory, this can be a more lengthy time frame than in days when inventory is plentiful. This is a negotiable item, but it is important that both parties feel comfortable with this issue.
The holdover period is, in my opinion, fair. It simply protects the broker, making sure that they get paid if they are, indeed, the procuring cause for your purchase. Somewhere between 30 and 90 days is fair. And there is a clause that, if checked, protects the buyer from paying the agent a commission, even if in the holdover period, if another agent is getting commission for this transaction.
Best of luck.
Chuck Strauss
Your Castle Real Estate
720-318-7598
denverhomeguru@gmail.com
www.denverhomeguru.com
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0 votes 11 answers Share Flag
Sat May 11, 2013
Robert McGuire answered:
Canada__girl,

You need to speak with a lender about your particular situation for a couple of reasons. There are complexities that we as Realtors are not qualified to answer. The other issue is that it looks like you are in Canada and we don't know if you are a citizen or what all of the issues may be. Also we don't know if or how much your mom owes on the home. This is probably not the right forum for this specific question. All the best in working this out.

Robert McGuire
Broker/Consultant
Your Castle Realestate
http://about.me/robertmcguire33
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0 votes 7 answers Share Flag
Sat May 11, 2013
Robert McGuire answered:
LisaBoc,

This is a good question for your accountant and tax professional. I will say that I sold a home in January that hat the senior tax discount and it passed on to my young twenty something buyers when they purchased the home. Will stay that way until the next tax assessment. They were thrilled.

Robert McGuire
Broker/Consultant
Your Castle Realestate
http://about.me/robertmcguire33
... more
0 votes 5 answers Share Flag
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