A mansion located next to the main chairlift at the Aspen ski resort is the center of a million-dollar real estate dispute involving earnest money. The Aspen Daily News recently reported that the buyer of a $17.5 million ski home backed out more than two months after the contingency period had passed.
Purchasing a home can be an exciting time, until you find out your real estate agent has not been telling you the truth. At least, that is what happened in Denver last month.
Do you ever wonder why and how the various areas of your Colorado city or town came to feature a rational divide among commercial, residential and industrial districts?
Denver gave it a shot. Amazon opted for another dancing partner.
It is commonly the case concerning residential real estate that industry insiders stress market realities as favoring either buyers or sellers.
Wax and wane. Advance and retreat.
Can a local residential real estate market be advantageous for both sellers and buyers at the same time?
It is commonly noted that buying real estate - whether a principal residence, rental housing or commercial property - is the largest single expense ever for most people.
Colorado is often spotlighted as a state of exceptional beauty and multiple attractions, making it an obvious lure for purchasers of high-end residential properties. Many such buyers are state residents, of course, but legions of would-be out-of-state and international buyers are also on the constant lookout for vacation homes and compelling investment opportunities.
Real estate transactions can be tricky, and there's always a potential to find out that the home you purchased was not what you expected. Today, people can avoid trouble from purchases by opting for agreements in which they have an opportunity to have an inspection and then to accept the state of the home, to reject it or to seek repairs.