Homeowners' associations (HOAs) are great for making sure your neighborhood stays safe, clean and respectable. However, HOAs, with their fees and other requirements, can also represent a serious difficulty and challenge for certain neighborhood residents. As such, before you purchase a property in a neighborhood with an HOA, you'll want to understand everything you can regarding the HOA -- especially when it comes to the fees you'll be required to pay.
Buying a new home is a wonderful luxury. Everything in the residence will be brand new, so you won't have to worry about maintenance and repairs for a long time. Also, depending on the contract, you can usually get the contractor to fix any unexpected problems that arise free of charge.
Eagle County real estate has slowly recovered from the real estate collapse following the 2005 to 2007 real estate bubble. In fact, the real estate market in Eagle County saw its best year since 2007 -- for the number of transactions and sales volume. It's been a long road to recovery, and Eagle County is finally there.
When you are considering the purchase of a rental property, you want to make sure that your investment is going to be profitable, and that it will produce income for you in the years to come. Trying to predict profitability, however, could be difficult as a lot of different variables and factors will come into play.
If you are preparing to list your property on the market or are starting a search for a new home or commercial property, you should know the basics of a real estate transaction. You don't need to be well-versed in the mechanics of the transaction, but you should have some knowledge so you know what to expect. Today, we will discuss the basics of a real estate transaction in Denver.
Subrogation is a term that may apply to real estate leases. It can also relate to insurance policies, mortgages and other kinds of real estate agreements. You may encounter this term in real estate contracts and leasing arrangements as a "waiver to the right of subrogation." Or, you might find it in legal language that says a party "subrogates to the claims of another."