Monday, June 14, 2010

Understanding Real Estate Forms and Contracts


Long ago, real estate transactions were not written. Landlords and tenants, buyers and sellers, made their agreements verbally, accepting their words as a solemn promise. But today, with the advancement of technology, real estate transactions are a lot different.

Appropriately worded documents should be properly protected for all parties involved and should explain clearly all the rights and obligation of each. Sometimes, a legal case may occur that will require the creation of an informal document that will show the obligation and stipulations of the parties involved.

Anyone with a little knowledge can prepare such documents but the question now is, how can you tell difference between what is legal and what is not. It is a fact that most legal documents prepared by lawyers are complex and difficult to understand. This is why it is best to use a trusted and licensed Real Estate Professional.

You can find real estate legal forms on the Internet. They are designed to provide personal protection, prevent misunderstandings, and evade from liabilities regarding real estate matters. The goal is to provide people access to the most useful forms needed by landlords, tenants, and property owners.

Most of these real estate forms are freely available online can be immediately be downloaded in different types of format such as MS Word, PDF, and Text.

All real estate legal forms need to be drafted to comply with the laws of different states. Generally, standardized forms are not acceptable and many free forms are also not valid. That is why it is important to find the right and valid real estate legal forms that will work under your state such as deeds, contracts, liens, and many others.

Below are some of the most popular real estate legal forms:

• Home Sale Package

– This complete package includes the contracts, disclosures and other necessary forms.

• Offer to Purchase

– Most people use this as an initial attempt to approach a seller about the property.

• Deeds

– Warranty forms, Quitclaims, etc –forms like these are state-specific since each state have special and unique statutes and governing laws regarding how deeds should be done. These deed forms are designed to comply with the laws of different states.

• Landlord Tenant Forms

– These are forms regarding all the necessary cases that apply to landlord to tenant conditions.

• Purchase Contracts

– Residential and Commercial – This is comprised of contracts for the sale of real estate such as commercial, residential, lots and others. Addendum's and other contracts are included including the seller’s disclosure forms.

• Promissory Notes on Real Estate

– These are promissory notes offered for any real estate transactions. Various different notes are also included such as fixed rate notes.

• Contract for Deed

– This is usually used as a substitute means of financing the purchase price of property.

• Mortgages (Satisfaction/Assignment)


Real Estate contracts can be very intimidating and often need explanation. There can be enormous financial ramifications if you don't have a good understanding of what you are entering into. Real Estate agents protect both parties and work to ensure a smooth transaction. If you would like to speak with a professional, please call Denvers Luxury Homes at (303) 378-9099 or contact them through there web site at http://www.denversluxuryhomes.com/

Buying a home can be an enormous undertaking. You can trust Julie and The Gelfond Group to always keep your interests first and foremost. As qualified professionals, we'll guide you through the entire home buying experience and assist you in being an educated buyer. With our services, you can avoid the pitfalls. We'll be there to help every step of the way. It is highly rewarding to buy, own and maintain your own home. Whether this is your first home or you have experience with the home buying process, we can help. When you have the tools at your fingertips, you can be confident in your ability to search, finance your home, negotiate terms and be prepared at closing

Thursday, May 20, 2010

Three Keys to Great Deals on Denvers Luxury Homes and Foreclosures

The down Real Estate market has left a lot of deals out there especially in the luxury home market. Now is the time to buy the home you have always dreamed of.
There are three keys to getting a great deal on a foreclosed or luxury home.

Number one:
Area Comps - Many 'experts' know how to make a deal sound good but, playing with the numbers is not the only thing to consider. A little due diligence on your part can easily depict if the foreclosure sale is really a 'good deal'.
It's important to look at the area, how many homes in the area have gone to foreclosure in the past 12 months? How many more are currently in foreclosure/coming up that could further depress the home values?(making your 'good deal' not so great down the road). Too many foreclosures in one area can mean defaults in HOA's, cut backs in schools and possible crime to the area with vacant properties. Even upscale communities can turn into undesirable places to live if they have been badly hit by foreclosure.

Number two:
Home inspection - A thorough home inspection is key. Many foreclosed properties have been abused, gutted and other wise left in undesirable conditions that could turn your 'great deal' into a money pit, costing you thousands of dollars.

Number three:
Knowledgeable Broker/Agent - Only use agents/brokers with proven track records and knowledge of the area of where you want to buy. They will know the area statistics that can save you thousands of dollars in the long run. A little due diligence on your part can mean the difference between a great deal or a huge financial mistake.

The Gelfond Group's global marketing programs have produced award-winning sales and wide exposure for their listings. In addition to leading the market in volume, the Gelfond Group has consistently been involved in the most significant transactions, highly-sought after new construction projects, and the relocation of families across the United States & Europe.

The Gelfond Group is consistently ranked among the Top 1 percent of real estate professionals in the country and has been awarded the International President's Elite award for the last 5 years.

The Gelfond Group is the leader in luxury homes in Denver and can assist you in finding and getting the best deal on a luxury or foreclosed home.

Resources and Articles:

http://denversluxuryhomes.blogspot.com/2010/06/understanding-real-estate-forms-and.html

http://5stepstogettingahomeloan.blogspot.com/

http://denverluxuryhomesmarketwatch.blogspot.com/

http://www.squidoo.com/denver-luxury-homes-and-foreclosures


Go to http://www.denversluxuryhomes.com/index.cfm to begin your dream home search, or Call us directly at (303) 378-9099

The time is now!