Sometimes granting an extension or other accommodation of the breaching side lets the defaulting party off the hook. Learn what to do (beyond the basics of demonstrating that your buyer is ready, willing and able to close). Note: This is the final video of a 3-part video series. See Part I: Seller Can Reject Full … Continue Reading
Imagine that a week before closing your seller announces the seller will not close. Learn how to handle the situation when your client is the side that seems to be breaching the contract. See Part I: Seller Can Reject Full Price Offers
Does a seller have an obligation to accept full price, cash offers? If a seller receives a full price, 100% cash offer with proof of buyer funds, is the seller obligated to accept that offer? The answer is probably no, but the seller probably owes the listing broker a commission. Learn about the factors that … Continue Reading
The new “Time of Day Deadline” allows parties to establish the end of the day for most (but not all) deadlines in the Colorado Real Estate Commission contract to buy and sell.
The pre-2022 “Loan Termination Deadline” is splitting into two concepts: the New Loan Terms Deadline & the New Loan Availability Deadline.
Learn about the new Water Rights and Mineral Rights Examination Deadlines in the 2022 Colorado Real Estate Commission Approved Contract.
Once a buyer submits and Inspection Objection, and before the contract dies naturally after the Resolution Deadline passes without a resolution, can the buyer kill the deal before the end of the Inspection Resolution Deadline?
Q: Are rental late fees limited in Colorado? A: Yes. As of October 1, 2021, late fees in residential Colorado leases are limited to the greater of: (i) $50, or (ii) 5% of the past due rent payment. The changes discussed in this article were enacted in Senate Bill SB21-173: Rights in Residential Lease Agreements. … Continue Reading
Co-Author: Lauren M. Taylor[i] This summer, the Colorado General Assembly adopted new limits on the amount of retainage a property owner can withhold from contractors and subcontractors in private construction contracts. Retainage and Limits Retainage is a percentage of a contract or subcontract price withheld from a contractor by a property owner until the completion … Continue Reading
How to avoid risks of allowing a seller to remain in the property after closing.
