Land Opportunity in Loveland!

Great opportunity to own a piece of land near Carter Lake at 3304 Cactus Court in Loveland. Nice side view of the lake just waiting for you to build your dream home. No utilities currently, but they are close and could easily be brought to the property. Zoned Tourism, which means there are many opportunities on this land. Very close to the marina (1-2 min drive) and the Windjammer Bar & Grill. Contact Greg Rittner at (970) 682-3050 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/111294734

 

The post Land Opportunity in Loveland! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Land Opportunity in Loveland!

Great opportunity to own a piece of land near Carter Lake at 3304 Cactus Court in Loveland. Nice side view of the lake just waiting for you to build your dream home. No utilities currently, but they are close and could easily be brought to the property. Zoned Tourism, which means there are many opportunities on this land. Very close to the marina (1-2 min drive) and the Windjammer Bar & Grill. Contact Greg Rittner at (970) 682-3050 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/111294734

 

The post Land Opportunity in Loveland! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Your Beginner’s Guide to Home Appraisals

 

Appraisals are used as a reliable, independent valuation of a tract of land and the structure on it, whether it’s a house or a skyscraper. Designed to protect buyers, sellers, and lending institutions, appraisals are an important part of the buying/selling process.

Below, you will find information about the appraisal process, what goes into them, their benefits and some tips on how to help make an appraisal go smoothly and efficiently.

 

Appraisal value vs. market value

The appraiser’s value is determined by using a combination of factors such as comparative market analyses and their inspection of the property to determine if the listing price is typical for the area.

Market value, on the other hand, is what a buyer is willing to pay for a home or what homes of comparable value are selling for.

If you are in the process of setting the price of your home, you can gain some peace-of-mind by consulting an independent appraiser. Show them comparative values for your neighborhood, relevant documents, and give them a tour of your home, just as you would show it to a prospective buyer.

 

What information goes into an appraisal?

Professional appraisers consult a range of information sources, including multiple listing services, county tax assessor records, county courthouse records, and appraisal data records, in addition to talking to local real estate professionals.

They also conduct an inspection. Typically, an appraiser’s inspection focuses on:

  • The condition of the property and home, inside and out.
  • The home’s layout and features.
  • Home updates.
  • Overall quality of construction.
  • Estimate of the home’s square footage (the gross living area “GLA”; garages and unfinished basements are estimated separately).
  • Permanent fixtures (for example, in-ground pools, as opposed to above-ground pools).

After the inspection, the appraiser of a typical single-family home will create their report including their professional opinion on what the price of the home should be.

You might hear the lender ask for two reports, the “Sales Comparison Approach” and the “Cost Approach.” These two approaches use different methodologies to find the appropriate value of the home, and help the lender confirm the home’s price.

 

Who pays and how long does it take?

The buyer usually pays for the appraisal unless they have negotiated otherwise. Depending on the lender, the appraisal may be paid in advance or incorporated into the application fee; some are due on delivery and some are billed at closing. Typical costs range from $275-$600, but this can vary from region to region.

An inspection usually takes anywhere from 15 minutes to several hours, depending on the size and complexity of your property. In addition, the appraiser spends time pulling up county records for the values of the houses around you. A full report is sent to your loan officer, real estate agent, and/or lender in about a week.

If you are the seller, you won’t get a copy of an appraisal ordered by a buyer. Under the Equal Credit Opportunity Act, however, the buyer has the right to get a copy of the appraisal if they request it. Typically, the requested appraisal is provided at closing.

 

What if the appraisal is too low?

A low appraisal can present a problem when there’s a large difference between what you’ve agreed to pay and the appraisal price.

Usually, the seller’s agents and the buyer’s agent will respond by looking for recent sold and pending listings of comparable homes. Sometimes this can influence the appraisal. If the final appraisal is well below what you have agreed to pay, you can re-negotiate the contract or cancel it.

 

Where do you find a qualified appraiser?

Your bank or lending institution will find and hire an appraiser; Federal regulatory guidelines do not allow borrowers to order and provide an appraisal to a bank for lending purposes. If you want an appraisal for your own personal reasons and not to secure a mortgage or buy a homeowner’s insurance policy, you can do the hiring yourself. You can contact your lending institution and they can recommend qualified appraisers and you can choose one yourself or you can call your local Windermere Real Estate agent and they can make a recommendation for you. Once you have the name of some appraisers you can verify their status on the Federal Appraisal Subcommittee website.

 

Tips for hassle-free appraisals:

To ensure the appraisal process is smooth and efficient, provide your appraiser with the information and documents he or she needs to get the job done. The documents you will need include:

  • A brief explanation of why you’re getting an appraisal
  • The date you’d like your appraisal to be completed
  • A copy of your deed, survey, purchase agreement, or other papers that pertain to the property
  • A sketch of the property with the property’s dimensions. These are usually available online from the county assessors.
  • If you have a mortgage, provide the information about your lender, the year you got your mortgage, the amount, the type of mortgage (FHA, VA, etc.), your interest rate, and any additional financing you have.
  • A copy of your current real estate tax bill, statement of special assessments, balance owing and on what (for example, sewer, water)
  • Tell your appraiser if your property is listed for sale and if so, your asking price and listing agency.
  • If it’s a multiple offer situation, provide the appraiser with the other offers to prove the demand for the home.
  • Any personal property that is included in the sale, like appliances and other fixtures.
  • If you’re selling an income-producing property, a breakdown of income and expenses for the last year or two and a copy of leases.
  • A copy of the original house plans and specifications.
  • A list of recent improvements and their costs.
  • Any other information you feel may be relevant.

By doing your homework, compiling the information your appraiser needs, and providing it at the beginning of the process, you can minimize unnecessary delays.

The post Your Beginner’s Guide to Home Appraisals appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Amazing and Rare Horse Property in Fort Collins!

10257 N County Rd 17 has many outbuildings, horse facilities, views, and a cute updated home. Horse features include 10 stalls, 8 loafing sheds, 15 auto waterers (in pastures & runs), outdoor arena, foaling stall, 1560 sq ft hay barn, turn-out traps & pasture. Outbuildings – 36′ x 45′ greenhouse with lights, 1500 sq ft pole barn/garage with 454 sq ft loft. Home has been updated over the years and features an office, patio off of the master, and a sun-room. Contact Meagan Griesel for your private showing at (970) 691-0056 for more information or click the link below for more details.

http://windermerenoco.com/listing/94767006

The post Amazing and Rare Horse Property in Fort Collins! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

52.8 Acres of Land in Fort Collins!

With endless mountain views at 6015 S Timberline Rd .  This underdeveloped site is an incredible investment/development opportunity. Located in a prime location in Fort Collins, it is currently zoned FA1. Surrounding properties have been rezoned to LMN, with all multifamily development. Backs to Southridge golf course. No showings of the house until under contract. Also available for purchase at market value are 10 shares of CBT and 1 share of New Mercer Ditch. $500K of water rights. Call Kyle Basnar for more information at 970-481-5689 or click the link below for more details.

http://windermerenoco.com/listing/77374327

 

The post 52.8 Acres of Land in Fort Collins! appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Beautiful Ranch Style Home on .3 Acres

This impeccably cared for home 7407 Rosecroft Dr situated on .3 acres with a fenced yard in Belmont Ridge awaits. The gorgeous 4 bedroom, 3 bathroom ranch home features a Great room with a vaulted ceiling, a formal dining room, breakfast nook and 3 car garage. The master retreat showcases a double sided fireplace, adjoining a 5 piece master bathroom, with a beautifully finished river rock shower. Entertain friends and family in the finished basement which is plumbed for a wet bar. This home is better than NEW! Call Rondi duPont for a private showing or click the link below for more details.

http://windermerenoco.com/listing/77260459

The post Beautiful Ranch Style Home on .3 Acres appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.