What is Earnest Money in a real estate transaction?

The Barr Team First Time Homebuyer Info, Info for Home Buyers, Info for Home Sellers, Info on Real Estate Transactions, Uncategorized 0 Comments

In this video Henry explains what earnest money is, when it is needed and in what amount… Hi this is Henry Barr with The Barr Team here at Re/Max Properties of the Summit in Frisco Colorado. Some people have asked me “What is earnest money?”. Earnest money is the amount of money that is presented when somebody presents an offer …

Restrictive Covenants in a Subdivision – Why are they important?

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In this video Henry Barr tells us about the importance of knowing all about the restrictive covenants in the subdivision before you buy! Hi this is Henry Barr with The Barr Team at Re/Max Properties of the Summit here is Frisco Colorado.  Just want to talk a moment about covenants, what they include and what they don’t and so forth. …

Homeowner Association (HOA) dues – What do they cover?

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In this video Henry Barr explains Homeowners Association (HOA) dues, what they are likely to include and not include… Hi this is Henry Barr from the Barr Team with Re/Max Properties of the Summit here in Frisco, Colorado. Some people have asked me to explain homeowners dues and what they cover. It is going to be a little bit difficult …

Septic Systems vs. City Sewer in Summit County, CO

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In this video Henry Barr explains the differences between homes that have septic systems vs. city sewer in Summit County, Colorado… This is Henry Barr with the Barr Team at REMAX Properties of the Summit and I have been asked to explain the difference between city sewer and septic systems here is Summit County. Basically in a city limit where …

Well water vs. City Water in Summit County, Colorado

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In this video Henry explains the pros and cons of having a property with a well in comparison to having a home with city water in Summit County, Colorado… This is Henry Barr with the Barr Team at Re/Max Properties of the Summit in Frisco, CO. I have been asked to explain the differences/pros and cons about having a well …

Article – How will the New Mortgage Rules Affect Home Buyers

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“With the implementation of new mortgage rules that took effect on January 10, 2014, home buyers may discover a few new challenges in securing a mortgage as lenders will have additional restrictions in place to ensure that borrowers will be able to repay their mortgage loans.” CLICK HERE to read this quick article about new mortgage and lending rules that …

What is a home inspection?

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In this video, Henry explains the ins and outs of a home inspection… Hi I am Henry Barr with the Barr Team at ReMax Properties of the Summit, here is Frisco Colorado and I have been asked ‘What is an Inspection?’  An inspection normally refers to the vendor that does the home inspection of the property.The inspection is one of …

Article – More Consumers Might Buy a Home If They Knew This

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Please click the link to read an article that helps to clear up the misconception that a home buyer needs to have a large down payment (20%) to qualify for a home mortgage in the current market. Click here for Realtor Magazine article – ‘More Consumers Might Buy a Home If They Knew This’

Are appliances included when I buy a home in Summit County, Colorado?

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In this video, Henry tells us what appliances are typically included when buying a home in Summit County, Colorado… Hi this is Henry Barr with The Barr Team at REMAX Properties of the Summit here is Frisco, Colorado.  I have been asked ‘Do appliances come with a property when buying here in Summit County?’.  The answer is normally ‘yes’ but it does …

Tenants in Common vs. Joint Tenancy

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Here Henry explains the differences between Tenants in Common and Joint Tenancy in ways that you can hold title for a property… Hi this is Henry at Re/Max Properties of the Summit, The Barr Team here at Frisco Colorado. Rachel just asked me a quick question about “What is Joint Tenancy and What is Tenants in Common?” The quick and …

How long does it take to get a home loan?

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Here Henry explains how long it could take to get a home loan completed in the current market… Hi there, I am Henry Barr with the Barr Team in Frisco, Colorado at REMAX Properties of the Summit. Some people have asked “How long do loans take nowadays?”.  Well that is an interesting question.  They’re taking some where between 30 and …

What is an appraisal?

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In this video Henry answers our questions about appraisals… Hi this is Henry Barr here at The Barr Team with Re/Max Properties of the Summit here in Frisco, Colorado. Rachel just asked me “What is an Appraisal?” An appraisal is a report given to a lender describing the value of a property based on current market conditions. The appraiser usually has …

What are Home Owners Association Documents (HOA docs)? Is it important that I read them?

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  Henry explains the importance of Home Owners Association documents in a real estate transaction in Summit County, Colorado… This is Henry Barr again here at Re/Max Properties of the Summit, The Barr Team here in Frisco Colorado. I get asked a lot of times about HOA (Home Owner’s Association) documents, what are they? Who gets to see them? And …

What is a survey and do I really need one? Survey vs. ILC?

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  Watch the video where Henry tells you all about survey vs. ILC and why you should have a survey done before purchasing a single family home or vacant lot… Hi, I am Henry Barr at The Barr Team at Re/Max Properties of the Summit here in Frisco Colorado. I have been asked a couple of times about “What is a …

When does a home buyer need a Pre-qualification letter?

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  Here Henry Barr explains when a pre-qual letter is needed and the difference between a pre-qual letter and a pre-approval letter… I’m Henry Barr at The Barr Team here at REMAX Properties of the Summit in Frisco Colorado. I just want to answer some questions that come up about a pre-qualification letter, or a pre-qual letter and a pre-approval …

Whose responsibility is it to maintain and snow plow various dirt roads in Summit County, CO?

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  In this video Henry informs us about the maintenance and snow plowing of dirt roads in Summit County, CO… I’m Henry Barr from The Barr Team at Re/Max Properties of the Summit in Frisco Colorado. Questions often come up on dirt roads in neighborhoods, that’s an interesting question since all roads are not paved here in the mountains, some …