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

The Barr Team First Time Homebuyer Info, Info for Home Buyers, Info on Real Estate Transactions Leave a Comment

  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

Kate Marrone First Time Homebuyer Info, Info on Home Financing Leave a Comment

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?

Kate Marrone First Time Homebuyer Info, Info on Home Financing Leave a Comment

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

Kate Marrone First Time Homebuyer Info, Info on Real Estate Transactions Leave a Comment

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  

Title Commitment? Title Insurance? Title Company?? What is all this… and do I need it?

Kate Marrone First Time Homebuyer Info, Info on Real Estate Transactions Leave a Comment

Title work reveals who may have interests to the subject property and to what extent.  Title commitment describes what has been uncovered regarding the property, what has to take place for a policy to be provided and what can and can not be covered.  Title insurance is the guarantee that the buyer/seller purchases to ensure there are no other potential …

Six Steps to Transfer Title… by Stewart Title

Kate Marrone First Time Homebuyer Info, Info on Real Estate Transactions Leave a Comment

There are 6 Basic Steps the Title Company performs in order to successfully transfer the title of a property from Seller to Buyer.  They are: 1. Earnest Money escrowed 2. Tax Certificate 3. Title History Research 4. Title Examination 5. Document Preparation 6. Closing & Settlement Click below for an illustration of the sequence of events to transfer title via Stewart …

How to Review a Title Commitment… by Title Co. of the Rockies

Kate Marrone First Time Homebuyer Info, Info on Real Estate Transactions Leave a Comment

The link below will direct you to a great page by page guide to Title Commitment provided by Title Company of the Rockies.  Title Commitment is one of the first documents you will receive, as a buyer or a seller, after going Under Contract.  This primer breaks down each section of the document to help you understand what it all …

Mortgages & Pre-Approval… by Land Title

Kate Marrone First Time Homebuyer Info, Info on Home Financing Leave a Comment

Lending is an important part of the overall home buying process.  The attached article by our friends at Land Title Guarantee Company covers the following: 1. What items make up my monthly mortgage payment?  The answer: “PITI” + “HOA” + “MIP”      P – Principle I – Interest T – Taxes I – Insurance HOA – Homeowner’s Association Dues …

Starting the Process: The Pros of Pre-Qualifying

Kate Marrone First Time Homebuyer Info, Info on Home Financing Leave a Comment

Mortgages are needed by many buyers at the time they choose to purchase a property.  However, starting the mortgage process before you even find the home you want to buy can be very beneficial. Here are just a few of the reasons why pre-qualifying early can make a big difference. First and foremost, talking to a couple lenders and going …