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Q:
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Are you able
to show me all properties on the market in my price range?
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Yes - the Summit Association of Realtors operates a Multiple
Listing Service and as a member I have access to every listing
on the market in Summit County...no need to shop around.
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Q: |
What is a
typical closing time?
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Usually 30 to 45 days. Cash closings are usually
shorter. When a loan is involved we need to allow time for
appraisal and full loan approval. With single family homes and
raw land, surveys will take a little time to complete. |
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Q: |
Full
disclosure? What does that mean? |
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This means I will disclose to you, among other things, any
adverse material facts that I know about the property. In
addition the seller will provide you with a Seller's Property
Disclosure where they too have to disclose any adverse material
facts of which they are aware. |
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Q:
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Do you
work with lenders and property management companies? |
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Every day. I will be glad to supply you with some
recommendations of each whom I work with regularly. You can make
an informed choice. (Ask me why a local lender will be a better
option for you) |
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Q:
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What can be/is
included in the purchase price? |
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Typically in our market, personal property included in the sale
will include most or all of the appliances and in many cases a
property will come fully furnished. Requesting a professional
cleaning of the interior or just the carpets is also typical. |
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Q:
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Are
prices negotiable?
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Typically yes, but every seller is different so every
negotiation is different. Knowing the average sale price v list
price can help - I can let you know what that is running at
currently. |
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Q: |
What about
earnest money?
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Earnest money is one of the factors that imply the strength of
your offer. After all, from a seller's point of view, that is what you are willing to walk away
from if you were to default on your contract. The more earnest
money the stronger the offer, but typically around 2% of
purchase price. |
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Q: |
Closing
Costs? |
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When you buy a property within the town limits of Breckenridge
or Frisco, buyers customarily pay a Transfer Tax at closing. The
tax is 1% of the purchase price and funds town amenities like
the golf course, Riverwalk Center and Recreation Center. Fees
for these facilities are significantly reduced for "in town"
residents. |
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Q: |
Can we
handle this from long distance?
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Yes. Fax, phone and email take care of most everything and
closings happen by courier in 80% of cases. |
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Q: |
Services
after we are "under contract"?
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Once I have helped you find your dream home, there are a myriad
of details I will help you handle before closing which include: |
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a)
Coordinating and negotiating the inspection
b) Liaising with your lender and appraiser to ensure a
timely closing
c) Working with the title company on dozens of closing
details and preparation of your settlement statement
d) Make sure you receive association documents and
minutes from home owner association meetings
e) Coordinate the arrangements for the closing
f) Continue as your source of information and assistance
for the months and years to come. |
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