
BLOGS
Buying Colorado Real Estate - an Attorney’s Role
For many, purchasing a home is the largest transaction a person enters in their life. With real estate brokers, appraisers, mortgage lenders, and sellers all feeding you information during the home purchase process, you may resist adding attorneys to the mix. However, this blog explains why having an attorney quickly review your purchase contract in a Colorado home sale might save you time, money, and stress in the long run.
Let the Buyer Beware: New Build Purchase Contracts
Builders of new construction are not required to use the Colorado Real Estate Commission form contract (“Colorado Form Contract”). The Colorado Form Contract is required to be used by real estate brokers in the transaction for previously owned homes to protect buyers and sellers from common disputes that arise in residential real estate transactions. Because these contracts are usually written by the builder’s attorney in the builder’s favor, the buyer is well advised to have their attorney review any contract for the purchase of new construction.
Section 18.1 Insurance Termination: What to Do When a Property Suffers Damage Before Closing
Are you a buyer or seller in Colorado who’s executed a Contract to Buy or Sell Real Estate? It’s an exciting time for either party and the sale may feel like a done deal at signing, but unfortunately issues can arise between signing the Contract and closing. This Blog discusses Section 18.1 of the Contract, which outlines specific steps that must be taken by both buyer and seller in the event of damage to the property and a consequent insurance claim.
Clearing up Murky Septic System Transfer Requirements
If you are looking to sell or purchase real estate with a septic system in the state of Colorado, it is important for you to know the local transfer of title requirements, so you don’t get stuck in a sh--, well let’s just say, less than ideal situation. Many Colorado counties have enacted specific regulations regarding septic system requirements for permitting, including certification before a home can be sold, making understanding title transfer even more complicated.