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 …

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?

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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. …

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 …

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 …

When should a Buyer schedule a home inspection?

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Henry Barr explains how soon after going under contract that a buyer should have a home inspection… Hi I am Henry Barr from the Barr Team here at Re/Max Properties of the Summit.  Questions come up from Buyers wanting to know how soon they should do their inspection once they’re under contract. I would say as soon as possible but within …

What is 2% Withholding in real estate transactions?

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Henry Barr explains 2% Withholding Some people are asking about what a 2% withholding tax is…it’s really not a tax it’s just a 2% withholding of the full sales price for the title companies to keep so they can submit to the State Treasurer’s office at the end of the year to make sure that out of state owners who …

What is a Transfer Tax?

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Henry Barr explains a few key points about transfer taxes… Some people have asked me about “What is a transfer tax?” We are starting to see more and more of the transfer taxes here in Summit County. They are normally put into place by municipalities or taxing entities that want to collect upon each sale that occurs every time 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  

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

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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 …