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Home Buying in Denver : Real Estate Advice

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  • Home Buying549
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Activity 364
Thu Apr 5, 2012
Victoria Quintero answered:
This is a difficult question to answer without knowing more about the transaction. The listing agent probably has a strategy they are working out with the lender. I have had to change the listing price on my short sales even after seller approval of an offer to usually play along with the bank (they requested the change). It did not affect the offer that we were under contract with. I am not saying your scenario is like this, but this could just be one of the many. I would have your agent follow up with the listing agent on this - I don't think it will hurt the transaction to know the reason for the list price change. ... more
0 votes 8 answers Share Flag
Tue Apr 3, 2012
Jennifer Girard answered:
Wash Park is a great place to live! It will depend on the condition, location (relative to the Park), and square footage as far as price goes. If you would like to give me more detail I can help you figure out a price range. ... more
0 votes 12 answers Share Flag
Wed Mar 21, 2012
Matt Mansfield answered:
Usually 90 days. Check out my site.

www.mansfielddenver.com
0 votes 8 answers Share Flag
Wed May 8, 2013
John Keene answered:
Yaki,

My suggestion is to always work with a buyer's agent. Why not have a professional on your side, especially when the seller pays the commission.

However, if you have already registered yourself as an unrepresented buyer with the builder, the builder may refuse to pay a co-op.

Who is the builder in question? I could contact them and see what I can find out about this particular model and how they would address the issue of you working with an agent.

Best of luck,

John Keene
303-547-7578
... more
0 votes 11 answers Share Flag
Thu Mar 22, 2012
Suz A answered:
I hear crickets chirping.

This is a really loaded question.

Stop and ask yourself if this isn't really a question intended for a lawyer. Hint: You asked about liability. This is a real estate forum. You want to ask your question in a legal forum. Or, ask for a consultation with a lawyer. ... more
0 votes 3 answers Share Flag
Wed May 16, 2012
Carole Higgins answered:
If education is a concern you can't beat the Slavens school area. Areas that feed into Bromwell and Steck also are good areas.
0 votes 11 answers Share Flag
Sat Mar 24, 2012
Debbie Taylor answered:
Hi- I do live and work within the vicinity of the property and can answer any questions that you might have in regards to this area of Denver. You can give me a call on 303-589-6692 or e-mail me at debtaylor99@comcast.net. Thanks Debbie Taylor, Realtor ... more
0 votes 5 answers Share Flag
Sat Mar 10, 2012
Maria Gilda Racelis answered:
Hello Lmcne:

I bid daily on behalf of my buyer on the HUD website. In my experience, HUD resets the bidding expiration until a bid is accepted. I am based in Connecticut and HUD is federally governed. So I would think that the process should be the same except for the bidding time-- as to its deadline?


If you bid more than the list price, most likely, you will have an advantage especially if it is cash.

Have your agent submit your bid as soon as possible.

Good Luck.

Maria
... more
0 votes 5 answers Share Flag
Fri Mar 9, 2012
Jon Wachter answered:
Of course no one has a crystal ball and can accurately predict the future. In my opinion the factors that will increase an areas value are schools, infrastructure like light rail and expanded highways, revitalized shopping districts, employment opportunities and crime rates. Throw all of that into a mixer, sprinkle in some magic dust and out comes... Southeast Denver!

Let's look into how this could happen... Many of the Denver Public Schools in Southeast Denver have been receiving improved ratings in recent years from parents of children attending those schools - check ColoradoSchoolGrades.com for ratings. Convenience is a huge ingredient and since I-25 and RTD light rail are already in place in this area residence won't have years of detours and highway construction headaches to deal with. University Hills Mall was revitilized 13 years ago and resulted in a increased values in the areas around it. Tamarac Plaza is going thru revitalization right now and along with Whole Foods in Tiffany Plaza this area is something to consider. The jobs generated by the Denver Tech Center rank it as one of the highest employment districts in the state and it anchors the south side of southeast Denver. This area also traditionally rates lowest on the crime stats list from the Denver Police Dept. It costs more to buy in this area today but I feel five years of 4-5% growth is certainly possible here.
... more
0 votes 6 answers Share Flag
Thu Mar 8, 2012
Tracy Shaffer answered:
A great buyer's agent is the first, and possibly most important, decision you make when choosing to buy a house. You need someone who:
1.) Listens to your wants and needs.
2.) Knows how to find you what you want without wasting your time.
3.) Has a keen understanding of the market and the transaction details.
4.) Listens to your wants and needs.
Look for a buyer who is willing to sit down with you and explain the process. Although I believe in protecting myself and my clients, and having them know how much house they can afford, if the agent wants you to rush into signing an agreement and talk to their lender before they go over the process, they may not have your best interests at heart. Take the time to interview your Realtor with an open heart and mind. You're going to be working very intimately with them in the next few months so you want to make sure it's a good fit. Just because someone is the "neighborhood expert" or is related to your neighbor's cousin's friend, doesn't mean you are going to enjoy house-hunting with them or trust them during a stressful process.
Don't rush the courtship. Ask questions, all kinds of questions. Ask for references, referrals and recommendations. Google them. Ask how they protect their clients in sticky situations.
And if you feel inclined, call me. I'd be glad to sit down and discuss the Denver housing market and finding your place in it.
Tracy Shaffer, Broker Associate
YOUR CASTLE REAL ESTATE
www.tracyshaffer.com
303-570-8674
... more
0 votes 5 answers Share Flag
Mon Mar 5, 2012
Lillian Lively answered:
Typical = Make offer as usual and add a Short Sale Addendum. Seller may or may not accept. Listing agent submits to Bank(s). Then you wait for the bank(s) to respond. Can be a few weeks to several months wait.

You can get a great deal if you are willing and able to wait.
... more
0 votes 4 answers Share Flag
Fri Mar 9, 2012
Lillian Lively answered:
Use a Buyer's Agent ! They are contracting with you to look out for your best interests. So, find an agent who you trust and who knows what they are doing when it comes to 1st time home-buyers.

Then follow instructions. Happy Hunting!!
... more
0 votes 11 answers Share Flag
Wed Jul 23, 2014
Jason Davy answered:
Highlands, wash park or capitol hill. I live in the highlands & think its the best, but all have great amenities, restaurants, night life & great mix of young professionals. Feel free to contact me for more info. -Jason Davy broker/owner, realty legends, LLC. 303-601-4077 ... more
0 votes 9 answers Share Flag
Sun Mar 4, 2012
stephen holben answered:
Absolutely everything is negotiable. Wether it's the various fees, those amounts, who pays them, or waived, everything is nogotiable. I had a buyer at a closing for one of my new homes get hit with a surprise "appraisal review fee" of $600. This wasn't disclosed earlier. Really PO'd me. I stopped the closing, smack in the middle, and told the buyer they could lease the home until we got another lender. I then stood up to leave. The slick suited mortgage broker jumped up and said very expressivley "We'll refund it. I said "no, you'll take us all out for a drink while the title company redoes paperwork" He did, and I saved the buyer a $600 "surprise fee". Which bring up the final piece of advice. If you run across these surprise fees, demand the broker's, lender's and title companies state license numbers and explain right there you'll be going to their regulatory agency with a formal complaint; and do it, even if they delete or refund it. ... more
0 votes 3 answers Share Flag
Thu Mar 8, 2012
Leslie Monaco answered:
I think one of the biggest surprises that first-time buyers encounter is the fact that a home needs continuous maintenance. If something breaks, they are the ones to fix it (and pay for it). As a homeowner, you can't call your landlord when things are broken. I always like to ensure my clients have extra $$ in savings to help with those costs that can and do come up. There are proactive steps that can be taken such as buying a home that is well maintaned, but no one can prevent things from happening. ... more
0 votes 3 answers Share Flag
Sun Feb 26, 2012
Rich Homer answered:
We believe so, but this is an attorney question. Most law firms offer a 30 minute free consultation for the purpose of determining if they can help you. Engage a local law form for this and good luck. ... more
0 votes 6 answers Share Flag
Thu Mar 31, 2016
Matt Mansfield answered:
I think you are being appropriate in your requests. If the Seller won't fix them then get your earnest money back and find a different house. You can see all the homes available on my site and you don't need to buy a house with problems.

Matt
... more
0 votes 37 answers Share Flag
Tue Feb 21, 2012
Don Tepper answered:
Depends on what other contingencies you may have in your agreement. For example, you may have a financing contingency. Or your purchase may be contingent on the sale of your present home. Or, in some states, a legal review is the norm; even if it isn't, the contract may be contingent upon a review by your lawyer.

Consult with your Realtor; he or she will be able to advise you, based on your specific contract.

Hope that helps.
... more
0 votes 9 answers Share Flag
Wed Feb 15, 2012
Joetta Fort answered:
You should check with the city that the house is in. You might also advise your client to stipulate in the offer that the seller is to obtain 'after the fact' permits.
0 votes 5 answers Share Flag
Thu Mar 8, 2012
Brian Burke answered:
Depends, If you go to sell home Buyer may ask for permits. On Seller's Property disclosure you must state work was done without permit and make issues come up that could be avoided by pulling permit.
The county may value home lower not knowing about finished basement and Buyer's checking public record may tend to "low ball" more than normal. The work being done may not be done right with contractors knowing that no one will be checking work. If you have to get a permit after work is done the county will make it hard on you. It is always good advice to pull permits and follow rules.
Hope this helps.
... more
0 votes 7 answers Share Flag
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