Buyers Who Don’t Want A Buyers Agent
by Osman Parvez If you're thinking about buying real estate, I recommend reading "Buyers Who Don't Want A Buyer's Agent", from Searchlight Crusade. The author is a mortgage broker who writes and thinks as a consumer advocate, explaining "the system" as he likes to call it. I've been reading his pieces for over a year and am impressed. His latest article nails it on the head for why you should get a Buyer's Agent if you're in the market for a home. Dan writes, "Buyer's Agents will make more difference to the sales price - not to mention the quality [...]
What Silver Lining?
by Osman Parvez For the last few months, I've noticed an uptick in the number and size of commercial property deals in our region. Interlocken is again hot. Longmont is attracting a number of new companies. Denver is frequently announcing new projects underway and large commercial property deals. A quick glance in downtown Boulder now yields a surprising number of cranes (and more are on the way). As I've mentioned before, rising interest rates and tougher lending standards (including a move against piggyback mortgages) are all signs of credit tightening, which should push potential buyers into renting. Sure enough, residential [...]
A Wall of Water Hits Boulder
by Osman Parvez If you happened to be in Boulder yesterday morning, you may have heard the sirens. Boulder was practicing for a flood evacuation. While there is little statistical chance of a massive flood rampaging down Boulder Canyon into the City of Boulder, on July 31, 1976 just such a flood did occur nearby. The Big Thompson Flood killed 145 people, destroyed 418 houses, and caused more than $40 million in damages - in about two hours. Whether or not you live or work in the flood zone, have a plan for you and your family including a safe [...]
Black Gold?
by Osman Parvez With rising energy prices predicted in the future, perhaps you've entertained the notion of turning the oil and gas buried in the ground below your property into royalty checks 'ala Beverly Hillbillies' Jed Clampett. Not to dash your daydreams, but like most western states, Colorado has separate ownership of underlying minerals and surface real estate. Somebody else very likely owns the oil and gas. Kidding aside, where this has real impact is when it comes time to buy or sell property in Colorado. Title searches may turn up leases or other records that indicate ownership to the [...]
Realtor Conflicts and Buyer Agency
by Osman Parvez According to the Colorado Realtor Commission approved definitions of working relationships, a buyer's agent "works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity." Yet, brokers are constantly bombarded with enticements that may create conflict with their responsibility as a Buyer's Agent. Here's an example. Let's say I take up the realtor who emailed me today with an offer for $2500, a chair massage, gift certificates, and a free breakfast (click on image below). Later, when I bring my client to look at the property, [...]
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