The Division of Real Estate is excited to release the Fall 2021 Real Estate News online quarterly newsletter. This online publication provides the public access to the Division’s meetings and event calendar, program disciplinary actions, updates on important matters, and timely articles written by Division staff and outside contributors in the real estate industry.
An appraisal gap is the difference that occurs when a buyer's offer is higher than the actual appraised value of the property (which is usually the amount the bank will loan for the home) that they are contracting to purchase. It is an issue that is currently being experienced in the hot and highly competitive Colorado real estate market and experienced by buyers where there are many more prospective purchasers than inventory that is available for sale, and where bidding wars and other aggressive purchase offer tactics are being used.
While in Colorado vaccines are widely available, statewide mandates have been greatly reduced, and individuals are encouraged to take greater responsibility for their own health, it is important that businesses and professionals continue to be aware of best-practice recommendations and current requirements.