Nearly everyone who has bought a home understands that the asking price rarely matches the appraisal. Such is the nature of business transactions, but it can cause headaches for those involved in real estate transactions. The bank or lending institution will likely...
Real Estate
Landlords may face material noncompliance disputes
Renting out a commercial or residential space involves certain expectations from the landlord. The lease outlines the agreement's terms and conditions in writing. For example, the landlord expects payment of a specific amount at predetermined times, such as the end of...
Fixed-price building contracts offer certain advantages
Builders, contractors and others in the construction industry don't do any work without a signed contract. When determining costs, they may use a basic scale for hourly wages or bid on the job and provide a total. The latter format is known as a fixed-price contract....
Be wary of these red flags when negotiating a contract
Contract negotiations involve two or more parties working towards a fair and equitable business arrangement. Whether it involves business partners, vendors, employees or customers, the sides likely differ on what fair and equitable means, so the parties must negotiate...
Connectivity is a top issue for commercial real estate
The advent of computers, the internet and other forms of modern technology have changed how the world does business. So it is no surprise that smart developers, owners and managers of commercial real estate take great pains to ensure connectivity is of the highest...
Some desperate homebuyers resort to risky financing
Real estate values have continued to climb in recent years. While this was often in major metropolitan areas like Denver, remote work from home during the pandemic has prompted homeowners and renters also to seek out new or larger suburban and rural spaces driving up...
What’s the difference between a buyer’s and seller’s market?
Those interested in buying or selling real estate will inevitably run into the terms “buyer’s market” and “seller’s market.” They may even understand that the buyer’s market favors the buyer and a seller’s market favors the seller. Less obvious are the factors that...
What is adverse possession?
Adverse possession refers to how someone can gain ownership of a property without paying for it. Generally speaking, a trespasser can take possession of land and/or structure and get the legal title. They do this by moving onto the property and then making...
Mechanic’s liens can help architects get paid
Architects can create work or living spaces that provide shelter and can inspire, unify, and serve the owner's needs. It takes skill, hard work and years of education. Once they provide plans for a final and perhaps help see the project through to fruition, they...
Colorado has a housing crisis on its hands
The moratorium on evictions is over, which means the affordable housing conundrum returns. In the last ten years, Colorado saw its population jump 21% to 5.7 million. Urban areas and tourist destinations have seen the most significant increases, with rents going way...