Recent Posts in Real Estate Category

  • Installment Land Contract Considerations

    Posted By Jorgensen, Brownell & Pepin, P.C.

    24 Mar. 2017

    Installment Land Contracts are an important financing tool in the real estate industry. Often called Land Contracts, Contracts for Deed, or sometimes presented as a Lease with Option to Purchase, these types of agreements allow the seller to finance the real estate sales transaction while circumventing the traditional mortgage and deed of trust formalities. When parties enter into an Installment ...
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  • 4 Tax-Savvy Ways to Pass Your Home to Your Children

    Posted By Jorgensen, Brownell & Pepin, P.C.

    24 Mar. 2017

    If you are considering giving your home to your children, bear in mind these cost-effective options for passing on property. There are a few methods for transferring property; depending on your situation and end-goals, you can determine which option works best for you. Leaving the House in Your Will The go-to method for passing your home to your children is to leave it to them in your will. By ...
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  • Real Estate: Common Pitfalls to be Wary of When Buying a House

    Posted By Jorgensen, Brownell & Pepin, P.C.

    23 Sep. 2016

    Purchasing a home is a very important investment that requires careful consideration. In fact, the Colorado Supreme Court has acknowledged that purchasing a home is one of the most important investments an individual can make in their lifetime, and more often than not, it is done on a limited budget. See Cosmopolitan Homes, Inc. v. Weller, 663 P.2d 1041, 1045 (Colo. 1983). Perhaps the most ...
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  • Residential Real Estate Seller's Property Disclosures

    Posted By Jorgensen, Brownell & Pepin, P.C.

    24 Aug. 2016

    In Colorado, real estate brokers and attorneys use a standard contract to buy and sell real estate that has been approved by the Colorado Real Estate Commission. The standard contract requires that the seller complete a property disclosure form that explains the conditions of the property as the seller knows them to be. It is very important for the seller to carefully read each section prior to ...
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  • The Dangers of Insuring Entity-Owned Residential Property

    Posted By Jorgensen, Brownell & Pepin, P.C.

    12 May. 2016

    Homeowner’s insurance covers damage or loss to all types of homes. The purpose of homeowner’s insurance is to protect the owner against property damage to the insured property, as well as from lawsuits for personal injuries or property damage that stem from the insured property. Also, while it is obvious that homeowner’s insurance is meant to insure the home, oftentimes Section ...
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  • What are Easements?

    Posted By Jorgensen, Brownell & Pepin, P.C.

    18 Apr. 2016

    Easements are a non-possessory right to use the land of another for a specific purpose. Easements do not give you a right to own the land, but simply to use the land for a specific purpose. The person or entity using the easement is the dominant estate, and the person or entity allowing the easement is the servient estate. Unless the easement is specifically limited, it is presumed that it will ...
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  • Tip of the Month: Negligent Non-Disclosure in Real Estate Contracts

    Posted By Jorgensen, Brownell & Pepin, P.C.

    26 Feb. 2016

    With the peak housing season just a few months away, now is a good time to consider some important tips when buying and selling a house. As a home seller, it is crucial that you take the Seller’s Property Disclosure Statement very seriously. Do not overlook this step, or it may land you in expensive litigation long after you have moved out. It is your responsibility to disclose both the ...
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