Real Estate Services

• UNDERSTANDING YOUR NEEDS – As your advisor, I will ask thoughtful questions to gain a deep understanding of your specific preferences and requirements for your property purchase.
• PROPERTY SELECTION – Working together with you, I will assist in identifying properties that align with your criteria and fit your needs and desires.
• MARKET KNOWLEDGE – I will provide you with education on current market pricing and conditions, ensuring you have the information needed to make informed decisions.
• FINANCIAL PREPAREDNESS – I will help you prepare financially, guiding you through the process of determining your price point and assisting you in establishing potential timing for making an offer.
• INFORMATION RESOURCES – I will direct you to comprehensive and reliable sources for additional information or various aspects, neighborhoods and other relevant factors that will help you make informed decisions.
• PROFESSIONAL TEAM BUILDER – I will refer you to reputable professionals in the area including lenders, inspectors, real estate attorneys, insurance agents, and more. My recommendations are intended to create a strong team to ensure a smooth, and successful transaction.
• MARKET DATA ANALYSIS – I will compile and analyze data to assist you in determining an appropriate market value for properties of interest.OFFER
• FORMULATION AND EVALUATION – I will help you formulate an offer and carefully evaluate information to determine the appropriate contingencies, timelines, pricing, and terms to include in your offer.
• DUE DILIGENCE ASSISTANCE – I will guide you through all necessary steps for due diligence and connect you with qualified professionals to help you make well-informed decisions and obtain quotes. A curated list of dependable vendors is readily available, covering various services.
• LENDER COLLABORATION – I will collaborate closely with your lender to ensure that all agreed-upon timelines are met and that your earnest money is protected throughout the transaction.
• PRE-CLOSING PREPARATIONS – As your advisor, I will schedule your walk-throughs and re-inspections before the closing to confirm the property is in the appropriate condition for a successful closing.
• CLOSING COORDINATION AND POST CLOSING SUPPORT – I will ensure that everything is in order and you are fully prepared when you arrive for the closing. I will assist in arranging the transfer of keys and offer ongoing support even after the closing to ensure a smooth transition.

If you waive this contingency, you risk having to pay in full or forfeit your deposit if the mortgage is not approved. To manage this risk, a coordinated approach involving your REALTOR®, and mortgage broker is recommended. Discussing your financials, assessing property values, and verifying the property’s approval status can help, though these steps do not guarantee mortgage approval, they do aid in making an informed decision.Your REALTOR® can assist with clarification, pre-approval guidance, reviewing loan documents, negotiating extensions, and coordination with your financial professionals.

In Colorado, real estate purchase contracts have to be in writing. Verbal contracts are not enforceable and properties cannot orally be put on hold. Corcoran Perry & Co. uses the standard contract approved by the Colorado Real Estate Commission.

• EARNEST MONEY – At the time an offer is written and presented, or at a date determined in the contract (alternative earnest money deadline), you will be required to provide earnest money. Earnest money represents your intent to purchase the property and is typically based on the value of the property or length of time until closing. Think of earnest money as a deposit. At closing your earnest money will be applied to your cash due at closing. Earnest money is typically provided as a personal check or wire transfer and will be deposited and held in the listing brokerage’s or title company’s trust account.
• COUNTERPROPOSAL – When your offer is presented, the seller may want to change one or more terms of the contract; i.e. the price, dates, or other items that may not meet the seller’s expectations. The seller will then write a counterproposal with their preferred changes. If these changes are acceptable, you will sign the counterproposal and will be considered under contract. If these changes are not acceptable, you may have the option of further negotiate the offer until contract terms are reached.

Once you’re under contract, I will help to recommend, schedule and coordinate a home inspection and work with your lender to obtain an appraisal to help protect your new home investment.

• HOME INSPECTION – Your inspection will assess the condition of the property from top to bottom. I will skillfully negotiate necessary repairs for defects and other issues that are revealed during the inspection. I’m looking out for your best interests and the health, safety, and soundness of your new home.
• APPRAISAL – An appraiser will be hired by your bank to mitigate your home buying risk by determining the home’s overall value and verifying square footage and room count.

It’s guaranteed to be hectic right before closing, but you should always make time for a final walk-through. Your goal is to make sure that your home is in the same condition as it was at the time of contract. Ideally, the sellers already have moved out. This is your last chance to check that appliances are in working condition and that agreed-upon repairs have been made.

• MAKE SURE THAT – There are no major changes to the property since the time of contract. Carbon monoxide detectors are installed per Colorado law. All appliances and fixtures included in the contract i.e. range/oven, refrigerator, dishwasher, washer and dryer are operating properly.The water heater, heating, and other systems are working properly. The garage door opener and other remotes are available. No plants or shrubs have been removed from the yard.Instruction books and warranties on appliances and fixtures are available. Repairs you’ve requested have been made. Obtain copies of paid bills and warranties.

There are a variety of fees and expenses that you will have to pay at the time of closing. The title company will provide you and your lender with a copy of the settlement statement no less than three days prior to closing, so that you can compare your actual closing numbers with the loan estimate.

• TYPICAL COSTS INCLUDE – Additional commission, Appraisal, typically paid for up-front; will be included on the HUD statement as POC Credit report,Deed recording and notary fees, Loan origination fee, HOA dues (prorated), Insurance escrow for homeowner’s insurance. ILC (Improvement Location Certificate) or surveyPoints, or loan discount fees, which you pay to receive a lower interest rate, Private mortgage insurance premium (PMI), Property tax escrow (prorated), if paid as part of the mortgage Title insurance policy premiums Water/sewer escrow (prorated).