In 2017, Denver had a record year for new commercial real estate construction. Real estate developers have added more than 5 million square feet to Denver's portfolio of commercial real estate space in the industrial sector alone. The last time the industrial real estate sector grew that much in one year was 2001.
An HOA agreement is binding for homeowners who want to live in the community. Though they may own their homes, these rules can be similar to those faced by people living in apartments.
Imagine you bought a newly constructed, $700,000 home, and several months after you move in, you get hit by a heavy rainstorm -- only to find that the roof leaks. After having someone look into the problem, you find out it's going to cost $20,000 to fix the leaky roof. "Who's going to pay for this?" you'll probably ask.
A "listed" real estate property means that it's listed with a real estate agent or a real estate firm. An "off-market" real estate property is not listed with an agent. These properties are typically being sold directly by the owners and in some cases, they can represent very good buys for real estate investors.
When you buy a home in a short sale, a bank will allow the owner of the home to sell you the property at a discounted rate in order to pay off the existing mortgage. However, just because the home seller accepts your offer, it doesn't necessarily mean that the bank will accept it. Ultimately, the seller will need to qualify for the short sale through the bank before the transaction can be carried out.
What if you didn't have to pack a bag to go on a weekend ski trip anymore? What if you just hopped on a plane, landed in Vail, Colorado, and took a taxi to your own ski-in-ski-out cottage, where you have your skis, gear, ski clothes and a massive supply of hot chocolate warmly waiting for your arrival?