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Better off without the Tax Credit? - 08/31/10 09:28 AM
Yes, you might be better off buying now than when the tax credit was in effect. The reasons are very simple. A historic drop in interest rates and less competition if you are buying residential property under $400,000. If you were taking out your mortgage today, your interest rate would probably be around 4.5% for a thirty year fixed rate mortgage. Rates in April were right around 5.25%. You would be spending $135 less on your monthly payment, for an annual savings of $1,620 per year.
Home sales hit a wall with the expiration of the tax credit, reminiscent of how … (4 comments)
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Why You May Not Be Selling A Home Through Social Media. By Dan Polimino. - 08/30/10 01:52 PM
As you know, a lot of Realtors these days are utilizing social networking to get the message out about a home that they are trying to sell on behalf of their client. Consumers are posting their homes on Craig’s list and Zillow in hopes of attracting a buyer. They post the home information week after week on their profiles, but they never seem to get a lead and or inquiry. Shortly thereafter, they abandon the process and tell everyone that social networking didn’t work for them and you know what, they’re right.
The reason they are right is because they are … (6 comments)
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Top Of The Hill In Heritage Estates, Colorado - 08/19/10 04:57 AM
http://coloradodreamhouse.com/featured/property.php?id=7 As with the rest of the home, even the lot of this 9,729 square feet, 4-bedroom, 7 bath home enjoys thoughtful design that flows effortlessly from one beautiful and useful space to another. On the way to the front door, one feels welcomed by lush landscaping and a perfect laughing waterfall splashing gently as it cascades to a quiet brook. The property abuts to Bluffs Regional Park, designated open space. The views, privacy, and access to open space will always remain unspoiled. Call Dan Polimino at 303-522-1161 or Gary Lohrman at 303-829-5900 for a private showing. Offered at $2,795,000.
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The Second Selling Season Is Coming In Colorado - 08/18/10 07:04 AM
http://www.coloradodreamhouse.com/index.php/news/ The next four weeks are going to be slow in Colorado Real Estate as kids get ready to go back to school and parents try to get back into their normal routines. The good news is the second selling season from September 15th through November 15th is right around corner. That’s the second best time to sell a home in Colorado. What does the next four weeks mean for buyers and sellers? To find out watch this week’s market update with Fuller Sotheby’s International Realty agent Dan Polimino.
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FHA Mortgage Insurance Changes - 08/17/10 09:42 AM
Effective October 4th, 2010, FHA will lower the upfront mortgage insurance premium (MIP) and raise the annual mortgage premium. Upfront MIP will decrease from 2.25% of the loan amount to 1 percent. The annual mortgage insurance premium, paid monthly on FHA loans over 15 years, will change from 55 basis points to 85 or 90 basis points. The reason for the change is to prop up the FHA Mutual Mortgage Insurance Fund which is "running on fumes" and needs to be gassed up.
Under the current rules a $200,000 loan has a $4,500 upfront MIP and a monthly premium of $91.67. Currently the monthly MIP is computed by taking the … (0 comments)
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Unique Properties. By Dan Polimino. - 08/16/10 10:09 AM
There is no question that the luxury housing market has been hit hard by the recession. People in this price range lost plenty of money in the market, investments, and may have lost their jobs and or their retirement plans. As such, some people had their ability to buy high-end homes and had disposal income taken away. Today, those people who still have the ability to buy luxury homes are looking, but I notice a trend that they are really looking at unique homes.
That makes sense. Let’s face it: there is a smaller pool of buyers in the luxury market … (0 comments)
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Attractive Tuscan Style Mountain Home at Golden, Colorado - 08/12/10 04:27 AM
http://coloradodreamhouse.com/featured/property.php?id=9 This striking Tuscan-style four-bedroom, six bathroom, 7270 square foot mountain home enjoys breathtaking views in the Genesee park area. Perfectly echoing the surroundings, just the right touch of natural stonework and wood accent both the exterior and interior of this home. You will be more than impressed by the professionally decorated finishes throughout; the Sellers have spared no expense to make this a true show home. Two enclosed, heated patios, one with a stainless steel gas grill, mini refrigerator and keg cooler, greatly increase living space allowing you to bring the great Colorado outdoors, in.
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It’s All About Perception - 08/11/10 06:44 AM
http://www.coloradodreamhouse.com/index.php/news/ More and more real estate transactions are falling apart these days over inspection items. Just 5 years ago very few deals fell apart over inspections items. What happened? Did all of the homes in the US fall into disrepair in five years? I think not. The difference between 2005 and 2010 is “perception.” To find out more watch this week’s market update with Fuller Sotheby’s International Realty Agent Dan Polimino.
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Help Your Lender Help You - 08/10/10 07:52 AM
The most dreaded part of applying for a mortgage is all the paperwork. Mortgage documentation requirements are more stringent than ever and every "T" must be crossed and every "I" dotted. Fortunately, at this point, there is no truth to the rumor that you and your pet's blood type are required to get a home mortgage. Low doc and no doc loans no longer exist. If you can not prove your income, assets, etc you will not get a loan.
A competent mortgage originator will look at your individual situation and see if he can minimize the pain. An example would … (1 comments)
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It’s Spreading To The Agents. By Dan Polimino. - 08/09/10 03:06 AM
I have often talked about the battle between buyers and sellers in today’s real estate market and I don’t want to badger the point any further, but I think that the problem has now spread to the realtors. I think today’s realtor gets up every morning and puts on their proverbial fatigues and helmet then heads out the door to what to do what he or she perceives to be “going to war.”
Today’s realtors are stressed out more than ever. The pressure to sell homes, sell them quickly, and sell them in a “not so hot market” has never been … (3 comments)
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Don’t let your credit score or down payment stop you from buying a home - 08/05/10 05:05 AM
http://www.coloradodreamhouse.com/index.php/news/ Two things stop more people buying from purchasing a home more than anything else…down payment and credit score. In this week’s market update Dan Polimino tells us that there is help for people who need down payment assistance and how anyone can easily clean up their credit. To find how you can get money to buy a home or how to clean up your credit watch this week’s market update with Fuller Sotheby’s International Realty agent Dan Polimino.
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Colorado Natural Dream Home - 08/04/10 03:42 AM
This home is rich with custom touches and fine detail, the perfect showcase to prove that luxury and environmental stewardship can walk hand in hand for generations to come. Perched atop three perfect acres chosen for solar access, favorable wind currents and views this 10,071 square feet, 5 bedroom, 8 bathroom, family lodge enjoys Mountain Living magazine’s “Natural Dream Home” status. Nothing in state-of-the-art materials, construction practices or living amenities has been spared. From the moment you turn the corner onto Longbow Place and see this home towering above the 8th fairway you are impressed. Every building material and finish was … (3 comments)
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Credit Still Tightening - 08/03/10 04:32 AM
Elizabeth Duke, a governor on the Federal Reserve board, reported last month that credit for both consumers and businesses continues to tighten. Banks tighten credit by raising credit score requirements, reducing credit limits, and/or increasing requirements for "skin in the game". "Skin in the game" refers to a larger down payment for a mortgage or car loan, or increased collateral for commercial loans. For a variety of reasons both strong and weak banks are cutting back on lending. An uncertain economic outlook as well as concerns about government intervention are commonly cited.
What can you do?
The importance of a good credit score can not be overstated. The … (1 comments)
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Can We Keep It Going? By Dan Polimino. - 08/02/10 03:57 AM
No doubt about it, it’s been a good summer. It can’t even come close to comparing to last summer when I wondered if we would ever sell a home again. The first signs of good things came from my assistant Linda at Fuller Sotheby’s in March. Linda handles administrative services for several brokers in our office and one day back in March, she looked particularly busy. I asked her how her day was going and she replied that the office is in mid-summer form. I asked her what she meant. She said she’s normally only this busy with homes under contract … (1 comments)
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Daniel Polimino
Greenwood Village,
CO
More about me…
Keller Williams Realty DTC
Address: 8400 E Crescent Pkwy #300, Greenwood Village, CO, 80111
Office Phone: (303) 893-3200
Cell Phone: (303) 522-1161
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