COLORADO REAL ESTATE NEWS

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6 Tips for Avoiding New Buyer Scares

10/14/2015

 
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In a booming market it’s easy to get caught up in the fast-paced competition. It’s important to do your homework on your home, the neighborhood and your finances. Some up-front work will save you a lot of headaches in the future!

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Here are 6 tips for avoiding new buyer scares: 

​1. Get an Inspection
If you’re want to save money on closing costs, the inspection is not the place to skimp. Imagine for a moment sleeping in your new dream home shortly after closing when a thunderstorm hits. No big deal until you start getting rained on, in your bed. When faced with a large home repair, the inspection cost will look quite small. Home inspections point out what might need to be on your house. It gives you power to negotiate for repairs or at least give you a heads up on what issues are present in the home you are buying.

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Fix & Flip: 8 Tricks to a Successful Flip

6/12/2015

 
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Guest author: Ed Quinn of QuinnCorp

Flipping houses is a serious business where large investments can reap large rewards or large losses. It is not as easy as seen on TV!  Even experienced flippers sometimes miss the mark.

If you are considering flipping homes for the first time, here are some tricks to put you on the path to success.

1. Do Your Homework

Many flips fail due to lack of planning. Structure your business. Consult with lenders, tax planners, financial advisors, and real estate agents for the best strategy for this investment. Seek legal advice for structuring an LLC, corporation, etc. This is especially important when family and friends become involved in a joint venture.


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