September 2009

Beating the Deadline for the Tax Credit

Friday, September 25th, 2009 at 5:04pm. 262 Views, 0 Comments.

Here we are on September 25, 2009 in Denver, Colorado and you may be thinking that you are out of luck in taking advantage of the $8000 federal home buyer tax credit that expires on November 30, 2009.

Well it is not too late to get that Denver home you have always dreamed of and still take advantage of the government incentive.  The key is to target homes that can close quickly which is where we can help.

Wondering what some of the key elements are? 

Well prescreening the property is an absolute must to find out about deal killing problems before you get deep into the deal.

• Are there going to be extensive repairs needed?
• Are the appliances or systems aged?
• How is the neighborhood?
• Are there health hazards such as mold?

Additional information to know when…

When Price is not the Primary Factor for Buying the Right Home

Thursday, September 17th, 2009 at 12:17am. 400 Views, 3 Comments.

Make no mistake that price is a critical factor in any home purchase that takes place in metro Denver.  Something we see happening however is the obsession with price which some Denver home buyers are developing to the extent that it works in detriment to their own best interests.  Price is one factor, but not the only factor to consider when purchasing a home.

A Buyers and Sellers View of Value.  Some of the places sellers derive value from the price they feel needs to be achieved for their perceived value while taking into account many upgrades, memories of family moments, and features which separate their home from the rest in the community.  Buyers will look to the value they place on their future enjoyment of the property.  They dream of what could…

First Time Home Buyers: Seven Tips to Consider

Tuesday, September 15th, 2009 at 10:35am. 629 Views, 3 Comments.

There have been many changes in the housing market since the financial crisis during 2008 and the foreclosure issues have also had an effect.

Top financial planners and economists are now offering up the following bits of wisdom for anyone that is thinking of purchasing a Denver home today.

Shift in Housing: Small is the New Big

Monday, September 14th, 2009 at 10:24am. 250 Views, 1 Comments.

New statistics are showing that home buyers are beginning to shift their priorities when searching for their next home.  The interest is shifting away from larger homes to smaller homes which are more efficient with space and economical with utilities.

More and more first time home buyers are realizing that they don’t need the five bedroom “mansions” and smaller homes will suffice when starting out even if they decide to start a family.  They feel they don’t need five bedrooms when just starting out as the new trend shifts to smaller is bigger.

According to the US Census Bureau the size of single family homes has consistently grown every year since 1991.  That is until 2008 when it declined to 2,215 square feet from 2,277 square feet in 2007.  Homes in that…

Home Sales Being Pushed by the Federal Housing Credit

Thursday, September 10th, 2009 at 10:47am. 391 Views, 3 Comments.

The signs in the marketplace indicate that real estate is on the upswing in Denver.  Sales were up in August with 5200 Denver homes under contract, 3900 of which closed.

Along with this there was another positive indicator for the market as prices were up meaning that we may be moving away from the sluggish market, but the possibility still remains for some touch and go through the end of the year.

Confidence is up in the market with first time home buyers causing a surge in demand to take advantage of the federal housing credit that allows up to an $8000 tax credit to qualified home buyers.

Those in the industry still wonder where the market will go towards the end of the year as there is typically a slowdown in the last couple months of a year in addition…