Under Colorado law, sellers are obligated to disclose known adverse material facts about their Property. This obligation is outlined in the Buy Sell Residential Contract, specifically, Section 10. The Sellers must also complete a Seller’s Property Disclosure Form when listing the Property for sale. This obligation of disclosure has also been reiterated by the Colorado … Continue Reading
Builders are currently reporting a shortage in adequate labor to help build new homes for their customers. There are also reported delays in getting some materials. The Superior, Louisville and Marshall areas are also starting to rebuild homes burned down by the Marshall fire putting another strain on the current new build market. Some construction … Continue Reading
Q: Our office’s meeting room hosts classes for members of an association or group to get continuing education or learn about issues important to their business. It seems like many are bringing their dogs to the meetings. Do we need to allow the dogs into the meeting? We are worried about the dogs ruining the … Continue Reading
Dividing Oil and Gas Interests in a Colorado Separation or Dissolution of Marriage Co-Author: Gregg Greenstein Introduction Colorado family law courts are accustomed to dividing typical marital property items such as real estate, furniture, cars, and bank accounts during a legal separation or dissolution of marriage. What happens when the marital estate includes atypical assets … Continue Reading
Following Passage of the Restrictive Employments Agreement Act Last year, the Colorado legislature significantly revamped the state’s noncompetition and restrictive covenants statute. On August 10, 2022, the Restrictive Employments Agreement Act (the “Act”) became effective, implementing substantial changes to § 8-2-113, C.R.S., which statute encompasses Colorado’s restrictive covenant prohibitions. The Act has broad sweeping changes … Continue Reading
My Buyer will accept the Seller’s replacement home contingency so long as the Buyer can stick a fork in the deal if the Seller fails to go under contract to buy a replacement home by a deadline. Can the contract provide for this? Yes, learn how by watching this video.
Brokers can provide value to a client by acting as a buyer-of-last-resort of the client’s “old house.” Generally, brokers seek to avoid being that buyer-of-last-resort and seller would prefer to sell the property to a market buyer (who would tend to pay more for the property). Do Colorado regulations allow a listing broker to be … Continue Reading
In a balanced market, more sellers are choosing to accept offers from buyers who need to close on a sale of another property before closing on the purchase of the seller’s property. Deals with the CREC a “Conditional Sale Deadline” leave Sellers strung out until the buyer closes on the sale of the “old home” … Continue Reading
Yes, learn how by watching this video
Lease Considerations for Housing Choice Voucher Programs (Section 8) Landlords and Property Managers have several considerations to weigh when choosing a future tenant. Certain considerations are simply off the table. Pursuant to C.R.S. § 24-34-502, a person cannot be discriminated against for housing based upon their source of income. Essentially, this statute is designed to … Continue Reading
