Hail Storm (or other calamity) Just Before Closing
Watch this video to learn the how to cope with a fire, flood, hail storm or other calamity that occurs before closing, but after the Inspection Resolution Deadline.
Contracts
2023 Colorado Residential Leasing Changes
In its 2023 legislative session, the Colorado General Assembly passed several bills that impact relationships between residential landlords and tenants. Governor Polis subsequently signed many (but not all) of these bills into law. Some of these new laws may require updates to residential lease agreement templates. Others may not require direct changes to lease agreements … Continue Reading
Must I Use Colorado Foreclosure Protection Act form for the sale of all CO foreclosure property?
The video encourages you to review the Colorado Division of Real Estate’s flow chart describing when to use the Colorado Foreclosure Protection Act Contract here. If you come to the same answer with the Division’s flow chart and the information in this video, then you are probably right. If you produce different answers, you should … Continue Reading
When I List a Property that is in Foreclosure, must I Disclose the Foreclosure?
The answer depends on the situation. Regardless of whether the listing broker must disclose, there are situations in which it may be in the seller’s best interest to disclose. Learn how to distinguish between situations when you should disclose versus situations when you need not disclose.
Avoiding Fraudulent Personal Property Agreements
Side agreements for personal property can be fraudulent. Learn how to avoid fraudulent side agreements for personal property.
What Should Sellers Disclose When Selling Their Home After the Marshall Fire?
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
Buyers Impose their Leverage on Replacement Home Contingencies
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.
I Don’t Want to Buy my Client’s Home, But Might Agree to do so Just to Make a Deal
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
Managing Seller Risks of Conditional Offers
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
Can Brokers Write Residential Contracts Calling for Seller-Carry Financing
Yes, learn how by watching this video