Tag: Mancos Realtor

Before you buy an older home do your homework!Before you buy an older home do your homework!

 

Thinking about buying an older home?  First and foremost get an inspection!  Inspectors might steer you towards getting the foundation inspected, electrical and plumbing inspected by licensed professionals.

Check the crawl space and attic for proper insulation.

Does the home need new windows?  Doors?

How’s the neighbor?  Barking dogs, screaming family, loud music?

How’s the landscaping?  Old trees that need trimming or taken down?

How’s the sewer lines?  Might want to get an inspector to do a sewer scope.

How’s the roof? Siding?

Do your homework before you buy and you can save yourself some money and stress.  For more tips: call Carrie Summers 970-759-2540  MancosHomes.com

What is a Final Walkthrough?What is a Final Walkthrough?


A final walkthrough is an opportunity for a home buyer to inspect a home.   The final walkthrough before closing ensures the buyer’s new home is being delivered as spelled out in the purchase contract.

During your final walkthrough you will check to see that the home is in the same condition as you last saw it, the seller has performed any negotiated repairs, everything is in working order and there is no new damage to the home.

WHEN DOES THE FINAL WALKTHROUGH HAPPEN?

A final walkthrough should be done just prior to closing.  Anywhere from just before closing to 48 hours before closing.

The time to do your final walkthrough is after the sellers have completely vacated the property.

Ideally, if the home seller vacates a day or two early that is best for the homebuyer.  But in reality, sometimes the seller’s move goes right up to the closing.

You want the home vacated for the walkthrough so you ensure items are not left behind for you to trash and you can easily inspect the home.

Start talking about the final walkthrough 7 days prior to your closing.

This allows time to set expectations for both the buyer and the seller.  If they vacate a day before closing this allows time to fix or negotiate any walkthrough issues.

WHO ATTENDS THE FINAL WALKTHROUGH?

You and your real estate agent should both attend the final walkthrough. Often the seller’s agent will be present as well. But, really anyone can be present.

On occasion, the home seller will be present.  Though as a buyer’s agent I prefer they don’t attend.  The final walkthrough just prior to closing is for your benefit and I don’t want my homebuyer’s distracted with idle chit chat.

Sometimes, if there are items like a hot tub, generator, etc… is present the seller can give a quick tutorial of how to run the equipment if they are present.  That can be done at the final walkthrough or at a previous get together.

WHAT TO EXPECT DURING THE LAST RUN THROUGH OF THE HOME

As you are walking through the home you should expect the following as spelled out in your purchase and sale agreement:

  • The home is delivered in the same condition as you saw it in during your last visit.  Check for damage from the seller moving and it appears to be in the same condition as you last saw it.
  • The home is delivered free and clear of all personal belongings and debris. The seller should not be leaving anything that is a burden for you to remove.  This includes construction materials, old paint and chemicals, unwanted items the seller thought was to burdensome for them to remove.
  • The home is clean.  In your contract, your real estate agent should specify windows, rugs, cabinets, walls, etc.
  • All appliances and fixtures that are supposed to stay with the home are in place.  Fall back to your purchase contract about what is staying and what is going.
  • Any negotiated items are in place.  Sometimes items like play equipment, garage tools and even furniture are negotiated as part of the sale.
  • There has been no new damage to the home.   Occasionally storm damage, a pipe bursts, or other damage occurs to the home.  If this has happened you should have been notified and the problem fixed under the seller’s homeowners’ insurance.

WHAT TO BRING TO YOUR FINAL WALKTHROUGH

Be prepared with the following before walking through your new home before closing.

  • Your real estate agent!  Make sure your real estate agent is in attendance.  To be honest a good buyer’s agent will bring everything that needs to be brought with you.
  • Your purchase contract.  It spells out the details of how your new home is to be delivered.
  • A notepad or some means of taking notes.
  • A camera to document any issues.

I’ve got a great checklist to make sure we don’t miss anything.  I’m here to help! Carrie Summers 970-759-2540  MancosHomes.com

  

Hiking above MancosHiking above Mancos

Just above the town of Mancos, there are endless hiking trails where you can explore and seldom see anyone.  This past weekend I hiked on some old closed off mining roads and never saw a soul!   At 10 am it was 56 degrees and after hiking 6 miles it had warmed up to 67!  Pretty sweet when Phoenix and Albuquerque areas are having record breaking heat this summer.

I am always looking for a hiking buddy!  Come explore with me and find out why Mancos is a great place to call home!!

Hidden Costs When Buying A HomeHidden Costs When Buying A Home

 

 

Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don’t forget there will be other costs associated with your purchase then the price of the home. Here are 5 fees to keep in mind as you begin to budget.

  1. Home inspection. This is a crucial step in the home buying process. The findings that come from the inspection can help you negotiate price and repairs. Generally, you can expect to pay between $300 to $500 depending on the home and the location.
  2. Title services. Title services encompass the transfer of the title from the seller and a thorough search of the property’s records to ensure to no one will pop up with a claim to the property. Additionally, you may need to buy title insurance which will protect the lender or your investment in the home.
  3. Appraisal fee. Before getting a loan, you will likely be required to get an appraisal of the home to determine its estimated value. This will be conducted by a third-party company and the cost can land anywhere between $300 and $1,000, depending on the size of the home.
  4. HOA fees. Many communities have a homeowners’ association that enforces monthly fees. This money is used for general maintenance and updates to areas like pools, parks, and more. Typical HOA fees are around $200 per month.
  5. Taxes. The taxes each buyer pays at the closing table differ, but it is not uncommon for it to be up to two months’ worth of county and city property taxes. Additionally, there may be taxes for the transfer of the home title.

I’m here to help!  Carrie Summers 970-759-2540

Stuck at HomeStuck at Home

Stuck at home, and spending way too much time on the internet?  Go to MancosHomes.com and start dreaming about your new home!  Then start working on the outside of your home!  First impressions are huge!  Declutter, and fix things and get ready to sell your home!  Need help?  I’m here 970-759-2540

Turn your tax refund into a new home!Turn your tax refund into a new home!

Excited about getting a tax refund and thinking about the 60″ TV you can buy or thinking of buying that new couch?  Well how about using it to buy a home!

Renters are typically paying more per month than home owners!  Many people think they need a down payment equal to 20% of the purchase price to buy a house.  Well, that is definitely NOT the case! There are FHA programs than require 3.5% and also first time home buyers programs with just 1% of the purchase price!
 Let’s say you were looking to purchase a home for $250,000.  This means your down payment for a conventional mortgage of 20% would be $50k.  Many lenders have loans for less than 20%.  FHA program loans requiring 3.5% down payment would be $8750 or home assistance programs would be $2500!  There are also closing costs to be paid, but you may be able to negotiate for the sellers to pay a part or all of the closing costs.  
If you’re tired of renting, use your tax refund to buy a place of your own. The 60″ TV can wait until next year when you have your own place to put it in!
I’m here to help!  Carrie Summers MancosHomes.com  970-759-2540