Construction Defects Negotiation Update

Dated: 04/11/2017

Views: 314

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Negotiations Do Not Produce Legislation

Short and sweet update from Colorado Realtors Capitol Connection about what's happening with all the new construction hurdles; "Construction Defects Reform" SB15-177 for those of you following the legislation. For more on this article, visit this page.


"A broad coalition of business groups, builders, elected officials, and affordable housing advocates known as the Homeownership Opportunity Alliance (HOA) were negotiating with the trial bar and the Community Association Institute to try to reach agreement on construction defect litigation reform. Unfortunately these talks broke down this week and there will be no deal reached on meaningful construction defect reform this year that gives homeowners a voice in whether their most precious asset – their home – is tied up in long and costly litigation.


Some of the affordable housing legislation that was part of a package of bills is being introduced for consideration at the Capitol, which is detailed below in other bill descriptions. The HOA is disappointed that we could not come to agreement and that costly and protracted litigation will continue to affect the marketability of properties mired in lawsuits. The construction defects issue is a complex one, but the tools were available to provide a common sense solution that would address many of the flaws in the current system. The opportunity has been lost this session, but the HOA continues to represent a desire to see more affordable housing in Colorado become a reality."


David Kollar, Realtor/ BrokerColorado Generation Realty Team/ EXIT Realty Cherry Creek
Local Specialty: Condos in Denver, CO 80206
Direct: (970)988-8840
david.coloradogenerationrealty.com
www.linkedin.com/in/davidkollaractive


Denver, CO Realtor®, Denver Metro Association of Realtors, Colorado Association of Realtors, National Association of Realtors, David Kollar is a Broker Associate for Exit Realty Cherry Creek. David is an online media and marketing specialist for the Real Estate in the Denver Metro Area, Highlands, Aurora, Westminster, Thornton, Centennial, Golden, Downtown Denver, Cherry Creek, Lakewood, Arvada. Finance and investments background trading securities in Boston, MA early in his career, David understands that buying a property is a large purchase and will help you search and customize your home purchase. Whether that be condos, homes, new builds, or investment properties. For a free buyer's consultation or Comparative Market Analysis of your home: CALL or TEXT David @ (970)988-8840 or visit david.coloradogenerationrealty.com


Now is the time to sell, call me for the path to reaching your real estate goals

Kevin Fletcherand is anDenverExpertReal Estate Advisorworking withExit RealtyCherry Creek.Kevinspecializes in helping Buyers, Sellers andInvestorswith real estate transactions in the Denver Metro Area. More specifically, I have intimate knowledge ofAurora,Centennial80015,Park Hill, Stapleton, City Park, and Baker Neighborhoods.Kevin Fletchercan also assist buyers looking for Fix and Flips, and rental properties. I willhelp with securing financing, investment analysis, rehab, and property management.To get an expert opinion on what your home is worth, or for a Buyer consultation, Call/Text or EmailKevin Fletcherat 303-818-4130, Kevin@exitrealtycherrycreek.com

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Kevin Fletcher

My name is Kevin Fletcher and I am a Denver native working with Exit Realty of Cherry Creek. I specialize in helping buyers, sellers and investors with real estate transactions in the Denver Metro Are....

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