Colorado Mountain Property – CO Homes & Real Estate News Blog

If you are in the process of buying a new home in Denver or anywhere, you should know that there are a few things that could sabotage a potential closing. Here are the  5 Things That Can Ruin Your Real Estate Closing.

1. Make a major purchase with credit card. Making a major purchase with a loan or credit card can impact your credit score heavily and negatively. If you have been prequalified for a mortgage you should avoid any purchases that could harm the prequalification. Especially if the home you are going to purchase is at the top end of the price range you might lose the ability to buy it.

2. Don’t change your job: if you have applied for a mortgage you need to keep your job. Lenders will definitely check how stable your work situation is. They are usually hesitant to give a loan to someone who is just starting a new job because in most cases jobs have a probation period, which could be terminated easily.

3. Credit check. You should always be aware of the last minute credit check. Usually there is a long period between the pre-approval of the home loan and the time when the buyer actually gets the loan, so a lot can happen. Credit score goes from pristine to really bad within a short period of time, so you need to be careful.

4. Save some money. There are many people who forget about closing costs and down payments. Nothing can derail a closing faster than the non sufficient funds to pay the last minute costs. You should also avoid committing to pay more than you can, hoping that you will be able to scrape the money together before closing.

5. Clouds on titles: One of the most common problems that might occur before closing is a little cloud on the house titles. Maybe there is a tax lien placed on the house, so you need to make sure that you check this before you buy the property.

Be sure you have a professional real estate broker guiding you through the process to avoid costly mistakes that can cost you that dream home you’ve worked so hard for.

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To Whom It May Concern,

My wife and I first met Craig Reynolds while looking for vacation property in the Chaffee and Lake County areas of Colorado.  We really needed someone that knew the area and knew the market well.

We were looking for a Colorado property within a certain price range and met our specific criteria. We were quite impressed with Craig’s knowledge of the area and the properties we were interested in.  Craig had the answers to all our questions or found the answers in a timely fashion.  He really does his research.  It is as if he were purchasing the property himself.

Craig worked diligently with us for two years, before we found our dream property. Whether we were looking or entering the buying process; we sincerely trusted Craig and always believed he was looking out for our best interest.  We found that Craig truly listened to our needs, and his professionalism and “no pressure” sales approach made us feel at ease through the whole process. So much at ease, we have since purchased another property with Craig.

Without any hesitation, we would highly recommend Craig Reynolds for your real estate needs. Please feel free to contact us if you have any further questions.

Respectfully,

Jim and Joanne Pustizzi
Colorado Springs, CO

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Everyone seems to experience a wave of excitement with the thought of moving. Leaving a long-time residence is a matter to be given thought. Family and friends are relationships built over a life-time. The children have made friends in school and are settled into the way of life they are used too. Sometimes people have lived their whole life in one place and gone to church in the area since childhood. With all of these things in mind, there are things to consider when relocating to or from your Colorado home.

This is big step to consider before making the decision. Sometimes the jobs move us to another state. Others just want a change of scenery because boredom has made them just want to move. Before making a life choice, we should always take a breath and think about reasons we are doing this. The advancement of security of job could be a legitimate reason for the relocation.

It is a good idea to do your homework on location. Find out what the climate is like. Jobs can be checked out to see the comparison on job security and financial advancement. If a family is involved the schools have to be evaluated for education for the children. Deciding to rent or buying a home are other factors to think about. Long term house buying can be profitable if the real estate is researched.

Moving possessions can be costly. A thought would be to think about donating a lot of things to charity. Expenses add up when relocating. Trim back and save some cash. Money saved could be used to buy new furniture and housing allotments when you have advanced from one place to another.

The decision has been made. The movers need to researched and the best choice made to move your possessions. Say good-by to old acquaintances and be sure to give forwarding addresses. Moving doesn’t have to be painful if you have planned and determined for everything to be run smoothly. Relocation is just a step away.

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