Denver Real Estate 101Please join us for an informative workshop on Wednesday, September 27th, 2017 from 6PM - 7:30PM at the Ion Real Estate office. Ericka York of the Fairway Independent Mortgage
How Many Realtors ® Does It Take To Change A Lightbulb
How many people actually work on your closing?
Most people think that there only two real estate brokers, a mortgage broker, and then we all go to the closing, sign a bunch of papers, and presto, you've got a house. And why did it cost so much to close? Not so fast. Grasshopper, the truth is complex and, oh, well, just totally awesome. There are many people working behind the scenes that you will never meet or even know about, all working their little hearts out for you. Here they are:
Yes, you are right, usually two realtors and their assistants and support folks in the real estate office, so usually at least two on each side
Two transaction coordinators
One mortgage broker and support staff
One inspector and scheduling person
Some additional inspectors(sometimes): sewer scoping, termite inspection, water testing, septic tank inspector(boy, there's a job I want), well inspector, radon testing, and more.... However, if they find something wrong, this will be the best money you have ever spent.
Then the unsung heroes, the title folks who look through all the records, the chain of title (from since it was dirt) to make sure there are no lawsuits or clouds on the title, no easements and no relatives lurking in the background.
And the closer.
So that makes more than 30 people, makes the closing fee look like peanuts, doesn't it?
After more than 20 years in real estate, I've encountered most of the problems having to do with inspections, including sellers lying on the disclosure statements (more than you would expect), wells collapsing, corroded water pipes to the sewer. On your next home purchase, let me help you avoid these potentially very expensive problems. Call me with any questions about real estate. I'm happy to help. Jane Blomquist 303-619-0002
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