Who pays closing costs in a real estate transaction?

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In this video Henry Barr explains a bit about closing costs and who is responsible for paying those costs in our Summit County, Colorado real estate market… Hi, the is Henry from The Barr Team here at ReMax Properties of the Summit in Frisco, Colorado.  Sometimes people ask the question of who pays closing costs. I will try to answer …

How are items like utilities, dues, and taxes handled at closing?

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In this video, Henry Barr of The Barr Team explains how utilities, dues, and taxes can be split between Buyers and Sellers when buying a home. Hi this is Henry from The Barr Team here at ReMax Properties of the Summit in Frisco. Trying to answer a couple of questions for people that have asked, one of the questions that …

Who can I expect to see at closing when buying a home?

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In this video Henry Barr explains who you can expect to see when you’re headed for the closing table… Hi the is Henry from the Barr Team at ReMax Properties of the Summit in Frisco, Colorado trying to answer a couple of your questions. One question we got the other day is “Who should I expect to see at the …

Can I get a home loan with less than 20% down payment? – Lending options in today’s marketplace

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In this video Henry Barr briefly explains lending options in our mountain community… This is Henry Barr from The Barr Team here at Remax Properties of the Summit in Frisco, Colorado. Today I am going to speak a little bit about lending options, particularly how much down payment is necessary in today’s marketplace. There are two segments of the market …

What is title work? Why do I need a title company when I am buying a home?

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In this video Henry Barr answers the questions that might come up when it comes to title work in a real estate transaction… This is Henry with The Barr Team here at ReMax Properties of the Summit in Frisco, Colorado. Today I am going to talk a little bit about title work – what it is, who pays it, approximate …

Are commissions negotiable in real estate? Who pays commission on a home sale?

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In this quick video Henry Barr explains the ins and outs of commissions in a real estate transaction… Hi this is Henry at ReMax Properties of the Summit with The Barr Team here is Frisco, Colorado. Today I am going to talk about one of my favorite subjects…commissions!  🙂  Who pays, what they are typically and so forth. One of …

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 Leave a Comment

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 …

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 …

Article – Reality of Loan Approval

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What kind of loan do you need to buy a home and how do you know if you will qualify? CLICK HERE to read a short article on the basics everyone should know about getting a home loan. Reality of Loan Approval

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 …

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 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 …

Top 10 Real Estate Tax Deductions

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Overwhelmed by the amount you need to save for a down payment?  Here’s some motivation for you… The Top 10 ways being a homeowner can reduce your income tax obligation… from the National Assocation of Realtors. Yes, homeownership can be a significant financial commitment.  But hey, it’s the American Dream.  And Uncle Sam’s way of encouraging the dream is by …

Down Payment – How Much Do You Need To Save?

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What’s the #1 thing that prevents first timers from buying sooner?  You guessed it!  Saving for a down payment. It’s no secret that saving 20% can take a while… after all, it’s tens of thousands of dollars of your hard earned money. So what to do when it seems like you’ll never get there?   This great article from the …

Tips on Navigating your Title Work… from Land Title

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Again, I’m going to leave the title stuff to the title experts… Click the link below for a great post from Land Title Guarantee Company’s blog on what to look for within your title commitment. http://www.ltgc.com/marketing/topic?id=1043