Realtors negotiating price back and forth by text message may find themselves with some unhappy clients if not a lawsuit. The general rule in real estate is that all contracts for the sale of real estate must be in writing.
Understanding Local Colorado Real Estate Law Thinking about buying real estate in the Bahamas? Maybe a timeshare in Barbados? A quaint villa in the French West Indies? Well, before you do, you may want to research the local real property taxes, think about how this little piece of paradise fits into your overall estate plan […]
Most landlords know the rule that residential security deposits cannot be withheld from a departing tenant without written notice. Many tenants receive written notice withholding a security deposit for what most would consider normal wear and tear. What can the tenant do?
Timeshare ownership has seen its ups and downs over the years. In the current economy, many people who would like to sell their timeshare, can’t
Unmarried couples sometimes go in together on a home purchase only to break up and then find out how hard it is to force their former partner to sell the home.
With the downturn in the real estate market, some sellers are deciding not to disclose known problems with their home. More and more home buyers are taking sellers to court to recover damages for failing to disclose real property defects.
Many people try to avoid Colorado probate because of the perceived expense. To avoid a Colorado probate proceeding upon death, Colorado real and personal property must pass to the heirs by other means. In the case of real estate, Colorado quitclaim deeds (note: not Colorado quit claim deeds, as erroneously written at times) are often used. In most cases, however, the better alternative is a Colorado beneficiary deed.
With more and more people buying residential real estate for investment purposes, many novice landlords learn the hard way that keeping a security deposit can result in big trouble. Landlords must comply with Colorado’s Wrongful Withholding of Security Deposits Act (the “Act”). Read on and save yourself (or collect!) treble damages and attorneys fees. Colorado’s […]
Joint tenancy is a convenient form of ownership. It is a form of ownership that has been encouraged in the marketplace by financial institutions and, to some extent, by professional advisors. Joint tenancy, it is estimated, is utilized in most married couples’ estate plans. Because of the survivorship feature of joint tenancy, it is thought […]
In a real estate market where last week’s drywall subcontractor is this week’s seasoned home builder, negotiating a new home construction contract becomes more important than ever before. When entering into a contract to buy a newly constructed home, here are just a few important points to consider. 1. The Importance of Reading the Contract […]