February 2010

As energy prices continue to climb in the current economy, saving energy and money at home has never been more important. This booklet will help you to save energy in your Denver home.

The typical Denver family will spend about $1,900 per year for their utility bills and here is the kicker, a large percentage of that energy is wasted.

However there is a lot you can do in your Denver home to save energy and thus save money. This pamphlet is one that I offer to those looking to save up to 25% in their energy usage. By clicking the link below you will access the pdf version of this pamphlet and all the energy saving tips it contains.

The pamphlet – Denver Energy Savers Booklet – can be viewed by clicking the link.

As always I am available for any questions that…

Metro Denver homebuyers have been utilizing FHA backed mortgages to fund their home purchases for decades.

Some of the benefits offered by FHA backed loans are low down payment options, reasonable costs, availability to less than perfect credit and assistance if ever there is difficulty in making the payments.

To be eligible for an FHA insured mortgage a borrower must plan to occupy the property as their principal residence, have a valid social security number, have a two year employment history, not be past due on any Federal debts and meet the flexible credit requirements.

To make the FHA backed mortgage easy to understand I find it useful to give clients a pamphlet with all the pertinent information. This informational flyer can be opened through the link…

Purchasing a home is a big step and fortunately there are trained Denver real estate professionals like your Denver Realtor to help you through the process.

Owning a metro Denver home provides many benefits to the Denver home owner. In addition to those benefits the home buyer’s tax credit and more affordable prices make now an especially opportune time to purchase your next metro Denver home.

Clients often ask what the Homebuyers tax credit offers to them. To provide you with the answers to those questions I have included a pamphlet I utilize which will fully explain the tax credit and how to take advantage of it to get an even better deal when purchasing your next home.

The pamphlet – The Homebuyers Tax Credit – Buy a Home and get a Tax Break – can be…

Clients often ask me about the effects of price vs interest rates on payments when purchasing a Denver area home. Since there is widespread agreement in the lending industry that 2010 will bring increased interest rates I thought I would put a post together that demonstrates their effects.

I am going to use a loan value of $200,000 for this example and strictly look at principal and interest.

• Financed amount = $200,000
• Rate of interest = 5%
• Term of 30 Years
• Payment = $1073.64 per month

• Payment with 1/2% Rate increase = $1135.58
• Payment with 5% Price increase = $1127.33
• As you can see a ½% rate increase has about the same effect on payments as a 5% price increase.

To take this just one step further.

• Payment with 1% Rate increase =…

The trend lately in metro Denver is for increased home prices and January was no different. Though the number of homes sold in January decreased year over year the median sales prices increased over 16% to $210,000.  

The numbers provided by Metrolist also indicate an increase in the median condo prices of 15% year over year to $130,500.

The increase in median prices is due to the mix of current buyers and the type of inventory available on the market. Basically there is not an abundance of inventory available that matches what first time home buyers are seeking.

While median home prices have climbed, the number of homes available in inventory has declined. This time last year there were 19,748 available and this year it is down 9.9% to 17,785.

The trend…