Should You Invest in Colorado Real Estate?

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Real estate has been lauded as one of the best long-term investments out there. However, is now a good time to invest in real estate here in Colorado?

It depends on what your goals are with your investment. There is no hiding the fact that prices have risen in the last few years, but properties are still very affordable with extremely low interest rates.

One thing to consider before you invest is whether you want short term gains or long term gains. You must have a plan in place before you start investing, otherwise you could put yourself in a very bad spot financially. 

Some other considerations you need to make might be things like: 
  • Are you using your own capital?
  • Are you doing the work yourself, or are you paying someone else to strategize?
  • How are you finding properties? 

These questions should help you narrow down what sort of investment you should make, but always remember that you should start with the end in mind.

If you need assistance investing in real estate, or if you would like help finding properties to invest in, please don't hesitate to contact me!

Why Are Home Inspections a Good Idea?

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Today we are talking about home inspections. A lot of first time buyers will ask us if an inspection is necessary for them. Our answer is always yes! You would much rather make a $300 mistake than a $300,000 mistake.

Before the inspection process, the seller provides the buyers with a disclosure, but it is on the buyer to understand the condition of the property to the best of their ability.

During a home inspection, an inspector will look at every single detail of a home. From its structural condition and plumbing, to appliances, mechanical systems, and more. In Colorado, the buyer has a period of time to object to anything concerning the condition of their home. You are protected in Colorado when you write an offer on a home, and won't be penalized if a seller doesn't want to fix something you consider "a deal breaker."

The last thing about home inspections is you want to do them as quickly as possible so as to not delay the closing process. If you're purchasing a home with a loan, don't do it until after the inspection is completed and the terms are agreed upon. If you have ordered an appraisal, that is a $400 charge that you can't get back if you don't close on the home. 

So, get a home inspection and get it done quickly so you can move on to closing on your dream home. If you have any questions for us, give us a call or send us an email. We look forward to hearing from you!