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Erie : Real Estate Advice

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  • Local Info1
  • Home Buying1
  • Home Selling2
  • Market Conditions2

Activity 11
Thu Apr 13, 2017
Maxine Killian asked:
I have a listing in Erie on 8.79 acres that can accommodate up to 34 livestock. If you know of anyone looking for a setup like this, please send them my way.
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Wed May 25, 2016
Jonathan Lahey answered:
Hello Mark,

to add photos to a listing, your agent can go to "Manage Listings" located at the upper right corner of the page. There is a drop down menu, and he or she should select "EDIT"............there will then be an option to "ADD Photos"

If you are a seller, you cannot do this, as trulia only allows agents to post or edit homes on the site.
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Wed May 25, 2016
Mark Rockwell asked:
Thu Aug 27, 2015
Ron Rovtar answered:
Hi Mgkutta:

This is an excellent question. And it sounds as if you are taking a very businesslike approach to owning your next home, which is something I strongly encourage.

I wish it were not true, but there is a real danger that home prices in an overheated market like this one could retreat if inventory stabilizes, if we have another recession (which we will sooner or later), if investments like stocks stagnate/fall, or if interest rates rise significantly.

In your case, you mention two years as a minimum. This time frame is always a little risky because it costs considerably more to sell a house than to buy. These costs should be worked into your equation.

However, if your minimum expected time of ownership is a bit longer than two years, and if your choice is between renting and owning, then I would suggest you consider how much money renting will cost when compared to the financial costs and benefits of owning.

If you work your numbers carefully, you may find that ownership will be a better financial option even if you have to sell the home for a little less when you move. This is because some of your mortgage payments go toward equity, your payments will not rise during ownership (if your rate is fixed) and your interest is tax deductible. But don't forget you will have other expenses while you own, including taxes, insurance and maintenance. It all should go into your math.

One other note: if you are indeed looking at a five-year maximum time frame, you definitely should consider a variable rate mortgage with a fixed five- or seven-year rate at the beginning. This can lower your payments a lot during the first years or seven years.

Please let me know if you have any questions!

Ron Rovtar
Cherry Creek Properties LLC
Boulder County
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Thu May 28, 2015
Ron Rovtar answered:
Hi Jpeppercolorado: It sounds as if you are trying to find a realty or real estate agent who will foot the bill for cleaning a property as part of the listing process. My guess is that most agents would want to stay away from this because it represents a fairly large potential liability. Things sometimes get damaged during cleaning. Occasionally, things get stolen by cleaners, or owners come to believe that items were taken, even when they were simply misplaced long ago. And, of course, it always is possible that, after spending money on cleaning, the property fails to sell. What you might be able to negotiate is reimbursement for cleaning expenses as a commission reduction at closing. It all depends on the agent or agency.

Best, Ron Rovtar
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Sat Oct 18, 2014
mrcavin asked:
This question was asked from
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Thu Mar 20, 2014
Stefanie, There is 2 options for you. 12 month bank statement program and the 1 yr tax return program which are designed specifically for self employed borrowers to achieve their home financing goals.
Feel free to contact me if you would like to take a few minuets out so I can share with you more.

Michael Evans
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Thu Jun 6, 2013
Suz A answered:
What a knowledgeable group! Erie's airport is now a municipal airport. If anyone knows if that distinction can mean anything for the flying public or those who love nearby, I think that would be a helpful update. ... more
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Thu Apr 11, 2013
Lalaena Gonzalez-Figueroa answered:
Courtney, I know you asked this question a while ago but figured I'd throw in my two cents.

Erie definitely has settling, though if you've been looking at houses you might notice that every neighborhood has its own aging process. This has to do with the mitigation that builders did during construction. Some areas, like Meadow Sweet Farm and Country Meadows, are really minimal overall. You'll see it primarily in walkways and driveways. Just east of those subdivisions there is significantly more settling.

As far as the house you're interested in, your agent should be able to direct you to a certified inspector who can provide you with an objective report on the house's condition. No need to run...yet!
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Wed Mar 27, 2013
Ron Rovtar answered:
Yes. Owners can sell a leased house. But, as others have pointed out, the lease remains in effect unless there is a provision allowing termination, as appears to be the case here. However, only a lawyer can advise you about exactly what is legal and about the specific "hidden" provision in your lease. As a general rule, I would suggest that the owner should have pointed out the 60-day termination notice when you signed the document. It would have been a simple courtesy. However, you also should have read the entire lease yourself. Unfortunately we are today presented with too many legal documents to sign, click on, or otherwise accept. We often fail to read even the most important ones. I've even talked to owners who did not know what was in their leases because they used a pre-printed form that they did not bother to read and understand.

Kind regards,
Ron Rovtar
Front Range Real Estate, Ltd.
Prudential Real Estate of the Rockies
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