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Which Way to Closing?

by The Colorado Springs Group™

You're a party to an accepted offer and now the goal is to get to closing. How do you get there?

The ideal answer is "You knew the entire process before making or accepting an offer." It's really on your realtor to get things going, and to keep everything in line until you have a successful closing.

There are several things that need to take place, including title work, inspections, appraisal, insurance quotes, HOA status (if applicable), lender research, repairs (if necessary) etc. All of these things are happening, but it's really not as complicated as it sounds.

The Realtor should order title work right away, and set up an inspection. The inspection should be set up in a timely manner so any issues can be addressed and/or agreed to before the appraisal is ordered. This is to avoid paying for an appraisal on a home that you might not want to buy if there are major inspection items. Insurance quotes are on the buyer to call to get, and they pass that on to the lender along with any other information the lender requires. Title orders the HOA status letter usually not too long into the process but after the inspection.

On another note, if you are the buyer it is an excellent idea not to quit your job while waiting for closing on a house, and also a great idea not to buy vehicles or run up credit cards while waiting for closing. We wouldn't say it if people hadn't done it.

This is a basic outline of how you get to closing, and of course there can always be surprises or a change of plans. The best thing we can do representing someone is not bother them with anything unless we need to. Lots of problems can be solved without passing the stress on to others.

2013 May Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results for May. Single Family & Patio Homes

Black Forest: 13 Sales for a total dollar volume of $5,825,596

Briargate: 85 Sales for a total dollar volume of $26,411,736

Central: 70 Sales for a total dollar volume of $11,341,042

East: 75 Sales for a total dollar volume of $14,005,275

Fountain Valley: 145 Sales for a total dollar volume of $26,998,166

Falcon - Peyton: 79 Sales for a total dollar volume of $18,959,223

Marksheffel: 14 Sales for a total dollar volume of $3,125,744

Northeast: 75 Sales for a total dollar volume of $18,207,447

Northwest: 37 Sales for a total dollar volume of $12,622,455

Northgate: 39 Sales for a total dollar volume of $14,791,771

Old Colorado City: 27 Sales for a total dollar volume of $5,379,020

Powers: 119 Sales for a total dollar volume of $25,780,667

Southeast: 65 Sales for a total dollar volume of $8,962,949

Southwest: 64 Sales for a total dollar volume of $24,560,597

Tri-Lakes: 74 Sales for a total dollar volume of $30,969,317

West: 19 Sales for a total dollar volume of $4,254,680

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 5/1/2013 through 5/31/2013.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

 

Pushy Listing Agents (Seller's Agent)

by The Colorado Springs Group™

Realtors in general really are good natured people. It's hard to find a Realtor that doesn't have a good personality, if they didn't have one it would be very hard to last long in this business. With that being said there are a few of us who are "pushy", and I'm going to address that.

When you list your home, here in the Colorado Springs area there are thousands of us to choose from. Some of those feel as though they are your only choice and you're going to do things their way or you can find someone else. Trust me... find someone else. If a Realtor is pushy up front before there is any type of contract with them, how much better can things get? What is their motivation to be less pushy once they have a contract? 

In selling your home you are hiring a professional to guide you. You have to be involved in the process, and you have to work together to make the sale happen. There is nothing wrong with guidance, but if someone is telling you how it is and you don't agree, look at your other options.

Comfort is a must with choosing a Realtor. If it's not there, it's hard to have a smooth transaction. Whether or not it is the most important thing is up the individual. You might even end up getting close to what you want in the end, but if you aren't comfortable with things at the beginning whose to say they get better by the end? Maybe you can handle that, but the truth is you can have both comfort and success.

Displaying blog entries 1-3 of 3

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The Colorado Springs Group™
6665 Wild Indigo Drive
Colorado Springs CO 80923
(719) 799-3686

Kevin & Jessica
The Colorado Springs Group
6665 Wild Indigo Drive
Colorado Springs, CO 80923
(719) 799-3686