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Don’t plan on closing yet
Closings don’t always happen
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Just because you’ve signed the Colorado Real Estate contract and came to terms on the price, it doesn’t mean you own the house yet. I don’t 
know the exact percentage, but I’m guessing 10% to 15% of real estate contracts don’t make it to the final closing. There are many reasons for cancelled contracts, but here’s the 4 most common.
(1) Financing
Even though you got a prequal letter from your bank, things can still happen when your loan gets to underwriting. Maybe the requirements changed for the loan, your credit score may have changed, the underwriters may require additional documentation on expenses. These are just a few of the things that can cause a loan not to get approved. Loan guidelines change daily.
(2) Buyer’s Remorse
As a buyer, you may feel remorse after you submit the contract. You may start to feel you made a big mistake. You may think there are so many great homes on the market, is this one really the right one? Is there something better you haven’t seen yet? Is your dream house still around the corner? Do you think you can get a better price on a different house? Read the rest of this entry »
I can’t be there to see it, now what?
Relocating to Colorado Springs
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Occasionally I work with a buyer who is overseas and is intersted in Relocating to Colorado Springs and buying a property that they won’t be able to see in person. Wow, scary stuff for everyone involved. Even with all of the amazing info now available on the Internet, it still doesn’t take the place of seeing the property in person. Here’s some of the additional steps I take, as a Colorado Springs Realtor, to help make sure the buyer gets the most accurate information possible.
- Pictures, pictures and more pictures (and then even more pictures)
I take pictures of everything I can see, including the roof, the furnace, the hot water heater, everything in house. I take pictures of the neighborhood up and down the street, the next door neighbors, the neighbors across the street, the neighbors behind the house, the parks, the schools, the shopping areas that are close by. I try to create the same experience for the buyer that they would have when they actually came visit the house.
I make sure they check out Read the rest of this entry »
Relaunch of a blog site about Home Inspections
Resources for Home Inspection issues
Related Article: Appraisals and Inspections, 2 important steps for home buyers - Tips #11-15
I’m always on the lookout for new web sites that I can forward on to my Colorado home owners, and at the suggestion of Justin Smith, I checked out a site 
for US Inspect, which seems to be comprehensive resource on home inspections, by US Inspect . I read through a couple of the articles, and I especially liked the one on GFI’s; as this seems to come up in almost every inspection I attend. It was nice to see a comprehensive easy to understand blog on the topic.
One of the other things I really like about the site is the Basic Component and Systems of the Home Section. As an example, I loved the detailed description is had about Septic Systems, complete with pictures, links to Septic Terms, types of systems, and care of the system.
I also really liked the Radon Article, as it expands on some of the Radon articles I’ve posted on my blog site.
Go check it out, let me know what you think about the site. It seems like a good resource.
Kathy (719-287-1049) KTorline@msn.com
Carbon Monoxide Alert
Get a Free Market Analysis on your Home, Email KTorline@msn.com or call 719-287-1049
Colorado Springs Vintage Homes is happy to feature an article by our NEWEST Guest Blogger
Mark W. Baxley with Brick and Mortar Home Inspections, Inc.
Why Should I Open a Window When Using a Wood Burning Fireplace?
It is important that your home has sufficient outside air for combustion when using a wood burning fireplace. Insufficient outside air could cause the fireplace to steal combustion air from another source inside the home; typically from the furnace and water heater vents. When this occurs, down drafts in the flues (known as back venting) permit combustion byproducts, to include carbon monoxide, to enter the home. This is unsafe and could cause harm to the home’s occupants.
There is a simple solution to prevent back venting from occurring. Simply open a nearby window approximately 1″ – 2″ when using a wood burning fireplace. This will ensure the home is provided with sufficient outside air. It is also a good idea to ensure the home is equipped with a carbon monoxide monitor.
Have a question? Contact Mark at 719-380-0171
bam-home-inspections@comcast.net
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Kathy (719-287-1049) KTorline@msn.com
