Tag Archives: Keller Williams Realty

5 Most Common Reasons for Closing Delays

RealtorMag has compiled information about the top reasons for delayed closings. This is why it’s important to not only work with a realtor you trust to navigate the local market for the best inspectors or title companies, but also to work with a lender that will actively help you ensure your financing comes through!


5 Most Common Reasons for Closing Delays

Seventy-three percent of home sales closed on time in October, but 25 percent of REALTORS® report a delay in getting to the settlement table, according to the latest REALTORS® Confidence Index, a survey based on responses from more than 3,500 real estate professionals. Only 2 percent say a contract was terminated completely.

What are the main problems encountered with delayed settlements? Real estate pros report the following:

  1. Issues related to obtaining financing: 32%
  2. Appraisal issues: 20%
  3. Home inspection/environmental issues: 16%
  4. Titling/deed issues: 11 percent
  5. Contingencies stated in the contract: 6%

Seventy-four percent of all contracts in October contained contingencies, most often for home inspections, appraisals, or financing.

Source: “REALTORS® Confidence Index Survey,” National Association of REALTORS® (October 2017)

2018 Conforming Loan Limits by County

2018 Conforming Loan Limits by County

This website provides 2018 conforming loan limits by county, as well as VA and FHA limits. In 2018, the baseline loan limit for most counties across the U.S. will be $453,100, an increase over 2017. More expensive markets, such as New York City and San Francisco, have conforming loan limits as high as $679,650. Anything above these maximum amounts is considered a “jumbo” mortgage.

The PDF and Excel files above were obtained from FHFA.gov. They are offered here as a convenience to our visitors. You can download them to your computer, in either format, and refer to them as needed.

Update: Conforming Loan Limits Increased for 2018

On November 28, 2017, the Federal Housing Finance Agency (FHFA) announced that it would raise the baseline conforming loan limit for 2018, for most counties across the country. They are also increasing the limits for certain “higher-cost areas” that are above the baseline. This is in response to significant home-price gains that occurred during 2017.

In most counties across the country, the 2018 maximum conforming loan limit for a single-family home will be $453,100. That’s an increase of $29,000 from the 2017 baseline limit of $424,100. This marks the second year in a row that federal housing officials have raised the baseline.

But again, this is just the baseline conforming loan limit used for most parts of the country. In higher-cost real estate markets, like San Francisco and New York City, the limit for a single-family home loan can be as high as $679,650.

Anything above these caps is considered a jumbo mortgage.


 

CLICK HERE to finish the article from LoanLimits.org

Under Contract! Mountain Side Frisco 1 bed/1 bath $339,000

Under Contract!

Under contract in one day, multiple offers, highest priced 1 bed/1 bath in Mountain Side in the last 10 years!

Mountain Side
805 5th Ave. H-212
Frisco, CO 80443
$339,000

MLS Link


Imagine waking up to the beautiful mountain views in this centrally located Frisco condo! With 6 ski resorts within 20 minutes of Frisco this 1 bedroom, 1 bathroom unit is the perfect mountain escape in both summer and winter. The unit was recently remodeled with new granite counters, high end stainless appliances and cabinets, and recessed lighting in the kitchen. The clubhouse includes not one, but three hot tubs, a pool and a sauna. Whether it’s walking a few blocks to historic Frisco Main Street, jumping on the recreation path just steps away or exploring close by Lake Dillon this is the perfect location for your mountain adventures. And don’t forget the investment potential!


• 1 bedroom / 1 full bathroom
• 603 sq ft
• Beautiful Views From Deck
• Walk to Historic Main Street and Rec Path
• HOA dues are $273 per month and include Cable Tv, Common Area Maintenance, Common Taxes, Snow Removal, Trash Pickup, Water / Sewer
• Clubhouse with 3 hot tubs, a pool & sauna
• Sold Fully Furnished
• Learn more about Frisco, CO and all the activities in the area!

Text 25307 to 46835 for pictures and more information


Floor Plan:

frisco floorplan


For more information about this listing please contact me:

new name slate

Skinner Team and KW

The Skinner Team in the Summit Daily

The Skinner Team made an appearance in the Summit Daily today! The Mountain Side H-212 listing highlights the very hot real estate market currently in Summit County.


clippingclipping (1)