First Colorado Land Office
First Colorado Land Office Inc.
7385 West Highway 50
Salida, Colorado 81201
Broker Associate: Robert Burkart e-PRO, GRI
Realtor, Member NAR, CAR, CCBOR
Email: Bob@BobBurkart.com
Cell phone.........................(719)221-0672
Office................................(719)539-6682
Toll free............................(800)727-0507

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Residential Listings Over $160,000

Homes With Acreage Under $250,000

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Commercial

Worth a Click!

Get to Know Bob

Area Info

Code of the West

Live weather report from Salida

Tips for Buyers and Sellers

Bob's Important Quick Tips for Buying and Selling Real Estate

Reasons You Need a Realtor

Questions to Ask Your Realtor

Selling Tips

Things to do When Selling

Low Cost Ways to Spruce-up Your Home

Remodeling and What You Should Know

Tips on Moving

Buyers Tips

Reasons to Own your Own Home

Things to take the Trauma out of Homebuying

How to Prepare for Home Ownership

Finances in Order?

Pros and Cons of Condos

Tips for First Time Buyers

Tips for Buying in a Tight Market

What Your Home Inspection Should Cover

Questions to Ask Your Home Inspector

What not to Overlook on your Final Walk-through

Common Closing Costs

What to Keep from Your Closing

What is Appraised Value

Need a Loan?

About Your Credit

About Homeowners Insurance and Saving Money

What to know about Title Insurance

What to Watch for in a Purchase Contract

Understanding Capital Gains

Tips for Pricing Your Own Home

Jeep, Car and Van Rentals

Common Closing Costs for Buyers

The lender must disclose a good faith estimate of all settlement costs. A check to cover your closing costs will probably have to be a cashier's check. The title company or other entity conducting the closing will tell you the required amount for:
Downpayment.

Loan origination fees.

Points, or loan discount fees you pay to receive a lower interest rate.

Appraisal fee.

Credit report.

Private mortgage insurance premium.

Insurance escrow for homeowners insurance, if being paid as part of the mortgage.

Property tax escrow, if being paid as part of the mortgage. Lenders keep funds for taxes and insurance in escrow accounts as they are paid with the mortgage, then pay the insurance or taxes for you.

Deed recording fees.

Title insurance policy premiums.

Survey.

Inspection fees—building inspection, termites, etc.

Notary fees.

Prorations for your share of costs such as utility bills and property taxes.

A Note About Prorations. Because such costs are usually paid on either a monthly or yearly basis, you might have to pay a bill for services used by the sellers before they moved. Proration is a way for the sellers to pay you back or for you to pay them for bills they may have paid in advance.
For example, the gas company usually sends a bill each month for the gas used during the previous month. But assume you buy the home on the 6th of the month. You would owe the gas company for only the days from the 6th to the end for the month. The seller would owe for the first 5 days. The bill would be prorated for the number of days in the month, and then each person would be responsible for the days of his or her ownership.