Enjoy a small town feel with just a short drive to enjoy all that Denver has to offer. Spacious rooms throughout with large windows for natural light. Laminte flooring on main floor and new carpet in bedrooms and basement. Take some time to relax on the balcony or large fenced in yard.
Listed by Tami Lenard for West + Main Homes. Please contact Tami for current pricing + availability.
Upon entrance, you are greeted by the grand foyer that welcomes you into this elegant home. The large kitchen will make any chef happy with stainless steel appliances and an induction cook-top. The kitchen boasts a large island, ample storage space, granite counters, and a perfect view of the family room where you can entertain and serve hors d'oeuvres to your heart's content by the beautiful fireplace. When dinner's ready you can move into the formal dining room and eventually end your evening in the living room enjoying your favorite show. There is a large patio off the kitchen where you can BBQ all summer or enjoy a game of fetch with Fido. The main floor also has the perfect spot for guests; a bedroom with its own 3/4 private bath. The laundry can be found on the main floor as well. Mosey upstairs and you will find a huge primary suite. This large room features its own 3 sided fireplace, a relaxing room to get away, a large 5-piece primary bathroom and a large walk-in closet. The upstairs has another bedroom that has it's own 3/4 bath along with 2 more bedrooms that share a jack-and-jill bathroom. The home has stunning brand new hardwood floors throughout and large windows to allow ample light to shine in. The unfinished basement is a blank canvas; perfect for you to dream up any addition to this home. The large 3 car garage also has EV charging. The neighborhood offers a community pool, hot tub & tennis courts. DTC is just a short drive away and you are in close proximity of Cherry Creek State Park!
Listed by Maggie Fast & Kendra Buck for West + Main Homes. Please contact Maggie or Kendra for current pricing + availability.
Your home sweet home has charm + curb appeal with its professional landscaping and welcoming covered front porch! Spend cozy fall Sundays inside with the fireplace warming the family room while the game plays on the big screen tv and dinner smells so good cooking in the newer oven! Or, join the family for a fun game of flag football on the HUGE, grassy lawn or sip a drink with friends on the expansive, newly poured, concrete patio! Most of the updates have already been done with beautiful luxury vinyl plank flooring, updated interior (and new exterior) paint, modern lighting throughout, painted cabinetry with newer hardware, a large shiplap wall in the family room with tons of storage on the floating wood shelves, and the perfect wood fireplace mantle! Check out the heated garage with epoxy floors and an additional space for storage or a workshop! Castle Rock's heritage is evident with its friendly, small-town feel in the historic downtown district, bustling with boutiques, antiques, ice cream shops, salons, and restaurants! This community LOVES to celebrate with fun events, music in the park, parades, and festivals! You'll love living here!
Listed by Janell Arant for West + Main Homes. Please contact Janell for current pricing + availability.
These criteria, or types of contingencies, are clauses in a sales contract that typically fall under three major categories: appraisal, home inspection, and mortgage approval.
Such contingencies are mainly put in place so that buyers can back out of a real estate sale if something goes wrong, usually without losing their earnest money deposit. A seller might entertain other offers after a refusal, but won’t deal with another buyer until the contingent offer is settled in one way or another.
Home inspection contingent offer
Home inspection contingency is one of the most common contingencies for home buyers. In this time frame, this contingency gives buyers the right to hire a home inspector and have their new home professionally inspected after putting down earnest money. And finalizing the real estate transaction usually hinges on this contingency. If something is wrong, a contingent offer allows the buyer to request that it be fixed and to renegotiate the price—or back out of the sale. It’s rarely advisable to waive an inspection contingency, and home buyers should generally consider this a must-have clause in a sales contract.
“Never in my life have I seen a home inspection contingency waived,” said Bishoi Nageh, vice president of branch operations for the Petra Cephas Team at Mortgage Network Solutions.
A good inspection will find if something is wrong with the current home on the real estate market.
Nageh recalled an instance of a first-time buyer who asked the seller to fix up some windows and then found that mold had been growing under the framework. This is how a contingency works during a home sale. Once you know the problems, you can talk with the sellers about what they need to fix before you buy the home.
Appraisal contingency
With this real estate contingency, a third party hired by the mortgage lender evaluates the fair-market value of the current home for sale. If the appraised value proves to be less than the sale price, the home appraisal contingency lets you back out of the deal.
“It’s in no one’s best interest to overpay,” Nageh said. “If the home comes in under the [asking] amount, you have the right to back out.”
In hot markets, potential buyers might feel pressured to waive a contingency but could pay more in the long run. The lender will only put up a certain amount of money for the appraised cost—which may not be the asking price—and the buyer will have to cover the rest to reach the purchase price.
For example, let’s say you qualify for a fixed-rate loan that covers 90%, and you need to put 10% down for a new house selling for $500,000. If the property is appraised at $475,000, the lender will only cover 90 percent of that appraised value, or $427,500. In this case, instead of a $50,000 down payment, you would be expected to put down $72,500 to cover the difference. Waiving this contingency in the purchase contract can be a gamble.
Mortgage contingency
You don’t want to sign a contract for a home purchase without having the money to back it up or, at the very least, a pre-approval. A mortgage contingency is a contingency that protects the buyer and seller from getting into a real estate sale without a proper loan. Under this contingency, the buyer has a specified period of time to obtain a loan that will cover the mortgage after the offer is accepted. If the buyer can’t get a lender to commit to a loan, the buyer has the right to walk away from the sale with the down payment.
To expedite the home buying process, “Know if you qualify sooner than later,” Nageh said. If you’re pre-approved, you won’t waste the seller’s time or yours during the loan-hunting period, which could take a few months.
Like an appraisal contingency, eager buyers and sellers in hot real estate markets might want to waive the financing contingency for the current home for sale, especially if cash is on the table. But waiving this contingency means that if your mortgage lender delays or denies your loan after a seller accepts your offer, you can lose the deposit during escrow, so it’s a risky venture.
Read more at Realtor.com
Related Links
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
While every market is different, understanding what’s happening nationally can give you a good baseline. But for an even more detailed look at real estate conditions in your area, connect with a local real estate agent. They know your local market best and can explain what’s happening near you and how it compares to national trends.
Here’s a look at some of the things a great agent will walk you through during that conversation.
More Homes Are on the Market, and That’s Affecting How Long They Take To Sell
According to Realtor.com, the number of homes for sale has been going up this year. That means there are more options for buyers, which is great news for anyone looking to buy a home. But as a seller, it also means homes are staying on the market a bit longer now that buyers have more options to choose from (see graph below):
One of the big reasons homes sold so fast in recent years is because there were so few of them for sale. And now that there are more houses on the market, it makes sense that they aren’t selling at quite the same pace. Right now, according to Realtor.com, it takes 55 days from the time a house is listed for it to be officially sold and closed on.
But keep this in mind. While homes might not be selling as quickly as they did last year at this time, they’re still selling faster than they did in more normal years in the housing market, before the pandemic.
If you look back at 2017-2019 in the graph above, you’ll see that it was typical for a house to take 60 days or more to sell. So, today’s process is still faster than the norm.
That’s because, even with more homes for sale, there are still more buyers than homes for sale. So, homes that show well and are priced right are selling fast. As NerdWallet explains:
“Overall, though, demand still outpaces supply. This is hardly a mellow market: Good homes sell quickly . . .”
Your Agent Can Help Your Home Stand Out
If you’re looking for ways to make your move happen as quickly as possible, partnering with a great local agent is the key. Your real estate agent will help you with everything from setting the right price to staging your home so it looks its best. They’ll even create a marketing plan that grabs buyers’ attention and will give you key insights about what’s happening in your specific area, so you can plan accordingly and make the process go as smoothly as possible.
So, while homes might be on the market a little longer than before, they’re still selling faster than the norm. If you have the right agent and the right strategy in place, your house may even sell faster than you’d expect.
Bottom Line
If you’re planning to sell your house, knowing how long it might take is a big part of planning your next steps. By working with a local expert, you’ll be able to price, market, and sell your home with confidence.
Read more at KeepingCurrentMatters.com
Related Links
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
