Category Archives: Colorado homes

This Crazy Denver Market! It is good for Buyers and Sellers!

Take advantage NOW! If you are a home buyer:  home prices are still affordable now.  Even though the Denver Market is starting to turn there are great deals to be had in this market.  If you are a first time buyer rates are out of this world right now.  Many people can buy a home in Denver for less than what they pay in rent.  If you are moving up to a luxury home in Denver you can get a steal of deal.   Denver Luxury homes have not caught up to the current market pace yet.   But over all not… Read More »

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Completely Remodeled Home In Centenial Colorado

This beautiful Centennial, Colorado family home has tons of upgrades from top to bottom that sits on a large corner lot. This Centenial, Colorado home boasts 3 bedrooms, 3 bathrooms and 2 car attached garage. This Centenial, Colorado home offers tons of light throughout, wood burning fireplace, gleaming hardwood floors, natural stone tile and an updated kitchen with all appliances included. This updated Centennial, Colorado home has bathrooms that have been newly remodeled. This Centenial, Colorado property is professionally landscaped and features a covered back patio great for entertaining. This Centenial Colorado home has been professionally staged and is very… Read More »

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First time home buyer? Consider this…..

It is natural as a First-time buyer to be very nervous about entering the real estate market. This was true during sky-high interest rates in the 1980′s. It was true when the real estate market was booming in 2005 and it is still true today. First time home buyers in this market worry about the cost of buying, the process itself, and of course what it will mean for them to be a homeowner. Owning a home is typically the biggest financial responsibility a person will undertake. It starts with the cost of a downpayment, for first time home buyers… Read More »

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6 Common Mistakes when Buying rental properties

Traditional investments are delivering low returns, and home prices are at bargain levels in the Denver Metro area. Is it time to consider buying some rental properties in Denver? Investing in real estate right now can be surprisingly profitable, if everything goes well. Rents are climbing in many areas of Denver, we have seen a 4% rent increase from last year, and more properties may be coming on the market. Last month, the Obama administration asked for proposals on how to convert at least some of Fannie Mae’s and Freddie Mac’s bulging inventories of foreclosed homes into affordable rentals. Before… Read More »

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Press release for Sterling Ranch, Colorado. New sustainable Community!

Douglas County Board of County Commissioners approve Sterling Ranch rezoning and water appeal: $4.4 billion community takes major step forward Douglas County, CO (May 11, 2011) – The Douglas County Board of County Commissioners voted Wednesday to approve the Sterling Ranch rezoning application and water appeal, following the recommendation of its own staff, a dynamic next step for the $4.4 billion development that is expected to create thousands of jobs and generate an economic impact of $425 million annually at build-out. The vote by the County Commissioners signals the start of the next phase for the 3,400- acre, water-efficient community… Read More »

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Buying real estate a better deal than renting in 74% of major US cities

Share ThisBuying real estate continues to be cheaper than renting in the vast majority of major U.S. cities, according to a quarterly rent vs. buy index from real estate search and marketing site Trulia. The index compared the median list price and the median annualized rent on a two-bedroom apartment, condominium or townhouse in the country’s 50 most populous cities. According to the index, the cost of buying was less than renting in 37 of the 50 cities (74 percent) as of July 1, 2011. About the same share, 78 percent, favored buying over renting in Trulia’s last index report,… Read More »

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FHA mortgage rates taking the plunge!

FHA mortgage rates saw the plunge below 4%. Current FHA 30 year fixed mortgage rates are at 3.750%, a decrease of .250% from the previous week. FHA 15 year fixed mortgage rates remained the same and are at 3.500%. FHA 5/1 adjustable mortgage rates dropped .500% and are at 2.750%. Borrowers will find that there is quite a bit of money to be saved with these low FHA mortgage rates which are not credit score driven. FHA also accepts a down payment as low as 3.5% with a minimum credit score of 580. This can be combined with approved gifts… Read More »

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Colorado Jumbo Mortgage rates holding steady

Jumbo mortgage rates have been somewhat steady, but are still at the best pricing for this year. Current jumbo 30 year fixed mortgage rates are at 4.625%, jumbo 15 year fixed mortgage rates are at 4.375% and jumbo 5/1 adjustable mortgage rates are at 3.250%. Because jumbo mortgage loans are not government insured, they are considered to be risky. Therefore, borrowers should have excellent credit to obtain these low jumbo mortgage rates with 0.7 to 1% origination fee. Jumbo mortgage loans are still necessary for higher priced properties above the conforming loan limit, which is $417,000 to $729,750 depending on… Read More »

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Freddie Offers Cash Incentives for Buying Condos

MCLEAN, Va., Aug. 15, 2011 /PRNewswire/ — HomeSteps, the real estate sales unit of Freddie Mac (OB:FMCC), today announced “Condo Cash”, a special limited time offer that will provide eligible condominium buyers with up to $1,500 for standard condominium association dues.   HomeSteps’ Condo Cash is limited to buyers who submit offers between August 15 and November 15, 2011 and close escrows on or before December 30, 2011. HomeSteps’ Condo Cash offer is valid only on HomeSteps homes that have been on the market for at least 120 days and are sold to owner-occupant buyers.   A two-year Home Protect®… Read More »

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IRS’s top 10 tax tips for home sellers

From time to time the IRS releases tips designed to help people with their taxes. Some of these are quite useful.   Last week the agency released “Ten Tax Tips for Individuals Selling Their Home,” (IRS Summertime Tax Tip 2011-15).   Here are the IRS’s top 10 tax tips for home sellers:   1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.   2. If you have a gain from… Read More »

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