Typically your lender will handle the details of the appraisal during a buy/sell transaction or a refinance. However, there are other times when you might want an appraisal for your own purposes, such as deciding whether to sell now or hang on and sell later, finding out the impact of improvements you’ve made, etc.
–> Appraisers are subject to oversight by the CO DORA’s State Board of Licensure
Colorado Association of Real Estate Appraisers
Inspections are highly encouraged in order to more fully understand the condition of the property you are buying, maintaining, or even when selling. There are many different flavors of inspections – general, structural, radon, mold, roof, sewer, lead paint, energy/thermal and so on. Which one(s) you’ll want will depend on your specific circumstances – check with your agent.
TIP: for new home construction, it is recommended that you get a minimum of THREE inspections done: 1x before drywall goes up, 1x before final walkthrough, then 1x before your builder’s warranty expires.
REFER TO: What to Think About When Selecting a Home Inspector
Homeowner Insurance will be required by your lender, if you’re using one, and is something one should get regardless. The investment in a home is just too large to take chances without coverage!
–> Homeowner insurance is subject to oversight by the CO DORA’s Division of Insurance
Unless you’re paying cash, or someone else is paying for the property for you (wouldn’t that be nice?!), you’ll need a lender in your corner in order to purchase your new property.
–> Lenders are subject to oversight by CO DORA’s State Board of Licensure
New ILC or Survey
Need to know if the improvements on the property are in relation to the property boundaries? A “New ILC” — or new improvement location certificate — might be in order. Need to know where the property boundaries are? A survey might be in order.
–>Surveyors are subject to oversight by CO DORA’s State Board of Licensure
Colorado Professional Land Surveyors
If “One Picture is Worth a Thousand Words.” (~ Fred R. Barnard) then 35 pictures in your MLS listing are worth 35,000 words. That’s a lot words working in your favor. If you’re going with “for sale by owner”, and unless you’re a whiz with the camera, might I suggest a professional photography service for your listing?
Radon is an invisible, tasteless, orderless, naturally-occurring gas formed by the decay of uranium in rocks and soil. The EPA has linked radon to tens of thousands of lung cancer deaths per year. Testing and mitigation options exist.
NOTE: some companies listed under Inspections might also do radon testing. However, it is advised that the testing and mitigation are done by separate companies.
When looking at your property with a critical eye you often find things which you wish to have repaired before you put it on the market. Also, after you accept a buyer’s offer there might be additional repairs negotiated to be completed prior to closing the sale. Then of course, ongoing maintenance needs are routine.
NOTE: This category is so extensive there’s no way I can realistically create and maintain a listing of at least 3 in each area, so I will only be adding entries here that I have used myself or a Client, Friend, or fellow Broker has used and reported favorably. I also will reiterate that (a) you are always expected to do your own research then make your own choices, and (b) past performance is no guarantee of future performance.
–> Providers might be subject to oversight by one of CO Division of Regulatory Agencies’s (DORA) entities.
First impressions can be difficult to overcome. Present your property at its finest, both inside and out. See also: Home Updates and Repairs section.
I haven’t used any stagers myself or with Clients yet. Have you used one you would refer to a family member or friend? If so, I’d love to hear about your experience.
“Title companies generally act as the combined agent of the insurance company, the buyer, the seller, and any other parties related to a real estate transaction, such as mortgage lenders. The title company reviews title, issues insurance policies, facilitates closings, and files and records paperwork.” ~ Chron
–> Title Insurance is subject to oversight by CO DORA’s Division of Insurance
Home Warranties can help you through unexpected repairs/replacement for covered items. These companies have warranties available for purchase to cover the listing period (coverage for Seller) and/or to cover one-year (typically) from date of close (coverage for Buyer). ASK the company for a sample contract to see all the nitty gritty details!