If you're like many people, you're thinking about buying a home in a community with a homeowners association - but what is an HOA, and how will it affect you? HOAs Explained A homeowners association is an organization tasked with the job of maintaining property values in a neighborhood. They have rules called CC&Rs (covenants, [...]
If you're retired, it might be time to take another look at your living situation. Should you rent or own? Here's how you can decide. Retired? Should You Rent or Own a Home? Ask yourself these questions to figure out whether you're better off renting or owning a home: Is my income stable? Can I [...]
When you're selling your home, you want the appraisal to come in high - that way, the buyer's lender will have no problem giving him or her the money necessary to buy the house. But sometimes appraisals come in low. Aside from obvious reasons, like the home's condition, here are three common reasons appraisals come [...]
When you buy a home for sale in Aspen or elsewhere, your real estate agent will protect you by building a mortgage contingency into your contract. But what is a mortgage contingency, and how does it help you? What is a Mortgage Contingency in Real Estate? A mortgage contingency protects you if your financing falls [...]
When you buy a home for sale in Aspen by using a mortgage loan, your lender will most likely require you to have a home appraisal. That means a qualified, third-party appraiser will visit the home and determine how much it's worth. If the home isn't worth what the seller is asking for it, you [...]
