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Still Think Foreclosure Statistics Are Artificial - 02/26/10 07:00 PM
Many in the media are reporting fewer foreclosures on the market and it indicates we are on the road to recovery in the Denver metro area. I still think these statistics are artificial, because many foreclosures are still being held onto by the lenders, but I also think this is about to change. It's not uncommon to find 50% of the properties that are for sale in a given area, to be listed short sales and I don't think that will also remain the same for some time. These foreclosure properties cannot be delayed from going through foreclosure forever and when (2 comments)
Free iPhone App. for Denver Metro Area MLS Search - 02/21/10 10:30 PM
A brand new iPhone or iPod App called BestHome4Me has just been released by Hillside Software. It will assist you in obtaining information on any listing in the MLS for residential or condos. It is not yet available for land or income properties. It's really really nice! Just download it directly from your device in the App Store or from my website of kthomes.net where you will be directly through the iTunes store for the download. If you are asked for an access code, enter kthomes.net and have fun. Whether you are a potential buyer just beginning to look or a recent (2 comments)
Broadlands Sold Statistics - 02/18/10 02:12 PM
During the last 6 month period ending mid Feb. 2010, 37 homes have sold within the Broadlands subdivision located in Broomfield CO, at an average net price of $408,285 and 91% of the listing price. Days on market averaged 162 days, but that included two homes that were on the market for 835 days and 1227 days. Excluding those 2 homes, brings the average DOM to around 111 days. Average sq. ft. price was $159. Out of those 37 homes, 3 homes or about 8% were short sales and 6 homes or about 16% were foreclosures. That totals about 25% of the homes sold (0 comments)
3 A.M. And My Brain Is Wide Awake - 02/17/10 09:33 PM
What time of the night or day do you seem to do your most creative thinking? Mine is around 3:30 or 4:00 a.m. Never fails. My brain travels about 100 mph from one topic to the next. Most of the time it begins with real estate and how I can improve my marketing methods and my service to my clients. Then it dives into more personal and family issues. Then onto global issues, yes I said global! All at once it is 6:00 a.m. and you wouldn't believe all the problems I've solved by that time. I feel I've really done well (8 comments)
A Lot of Withdrawn and Expired Listings - 02/16/10 09:18 PM
I am seeing a lot of listings that have been withdrawn or expired and not relisted. My guess is that there are many sellers out there that are really scared. They keep seeing the houses selling around them for lower and lower prices, less than what they owe on their own home. They want to sell before it gets any worse, but unfortunately for many sellers, it is already too late. By the time they pay their closing costs and accept a purchase price that is far less than what they had hoped for, they need to come to closing sometimes with thousands of dollars. (3 comments)
Top 5 Tips to File for Tax Credit - 02/15/10 09:13 PM
1) You cannot file electronically, that is, you can use the electronic forms, but they must be printed out and mailed in with the proper documentation 2) Include new IRS Form 5405 http://www.irs.gov/pub/irs-pdf/f5405.pdf 3) Supply required documentation such as Proof of Residency, Settlement Sheet and driver's license 4) Don't scam the government....it will just bite you in the end 5) Expect to wait 3-4 months for your refund I just read an article where a tax preparer, fraudulently claimed the tax credit for 15 of his clients. Those are the types of people that always make it harder for those that (2 comments)
Buyer or Seller Looking in North Metro Denver? - 02/14/10 01:28 AM
I welcome your referral, if you or someone you know is looking for a highly motivated, qualified realtor to assist them with their home purchase and/or sale, please consider me. I work diligently with a very high sense of integrity, honesty and determination. I am also happy to supply a number of very happy client's testimonials upon request. (1 comments)
No Showings on Multi-family Residences Until Contract Accepted - 02/11/10 07:56 PM
I am seeing more and more duplex, tri-plexes and four-plexes that have a notation in the multilist that showings are not allowed,until a contract is accepted. So the seller expects a buyer to write on a property, which they have not even seen yet? I find that very strange. Granted the buyer can terminate the contract based on the inspection later, but that really seems like a waste of everyone's time. Perhaps it works out well for the seller in that once the buyer is under contract, they have alot more emotional ties to that property, and even though inspection items (1 comments)
Sign of Hard Times - 02/11/10 07:49 PM
I was talking with my buyer the other day, who is about ready to close on a property. The property which he is purchasing is a foreclosed property, now lender owned. He ordered new applicances to take the place of the appliances which were missing (you know how lender owned properties can be). The company from which he ordered these appliances sent someone out for measurements to make sure they would be installed properly. Upon talking with the people there to measure, he was told that the appliance dealer declared bankruptcy and closed it's doors that very morning and that they would (6 comments)
FHA Amendatory Clause Form Now Required Prior to Closing - 02/09/10 09:02 PM
Wow, what a day. I was supposed to close on a deal tomorrow and now it is delayed because the FHA Amendatory Clause form was not fully executed by all parties PRIOR to closing. The buyer's lender says that this form has been around for a long time, but now with the new HUD guidelines, this form can no longer be completed at closing, but must be signed by all parties prior to closing. Hence, to everyone's frustration, closing cannot take place as scheduled. My buyer's lender complained that all lenders are not of the same understanding of the new HUD guidelines effective (3 comments)
Is A New Wave of Foreclosures in 2010 Really Coming? - 02/05/10 01:27 AM
A recent Fox News story says "yes". They say that the main factor in this new wave will be the high rate of unemployment. It was also stated that commercial real estate is now in trouble and a very high rate of foreclosures in that market is also imminent. It was aired on Feb. 1st and the entire video can be found at video.foxbusiness.com (3 comments)
Did You Purchase or Refinance in 2009? - 02/03/10 09:27 PM
Remember to check on deductions you may get on your taxes, if you purchased or refinanced in 2009. Supply your accountant with a copy of your Settlement Sheet from your closing or check with the IRS if doing your own taxes. (1 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.