Fannie Mae and Freddie Mac introduced additional steps to the appraisal process effective on May 1st.  Some of the new steps include:

  • Appraisers cannot communicate directly with lenders. The appraisal process must involve a third-party, such as an appraisal management company, to act as a go-between for appraisers and other parties, which increases the time to complete the appraisal
  • Under the old rules appraisers could evaluate just three comparable sold properties. Now, they must also evaluate at least two properties that are currently under contract or are active listings
  • Under the old rules appraisers could go back up to six months to find the three comparable sold properties. Now, at least two of the sold properties must have been sold in the past 90 days
  • Appraisers must fill out a "market conditions" report that reviews the market trends over the past 12 months, broken down into the most recent three months, the prior three months, and then the first six months of the period.

With these new rules that are in place, it will take longer to complete appraisal reports due to the greater requirements set on appraisers.  This is according to Cathy Miles of Appraisal Dimensions in Fort Collins. 

 
Tracy Wilson | The Group, Inc | 970-567-0907
5518 West 1st Street, Greeley, CO
Tennis Courts, club house, pool and playground right in your own neighborhood. This home is subject to a short sale approval.
4BR/2.5BA Single Family House
offered at $292,000
Year Built 2000
Sq Footage 3,670
Bedrooms 4
Bathrooms 2 full, 1 partial
Floors 2
Parking 3 Car garage
Lot Size 12,632 sqft
HOA/Maint $150 per month

DESCRIPTION

Come home to this beautiful custom ranch with 3500 square feet finished. The spacious living room offers a wonderful gas fireplace with tile accents. Lovely eat-in kitchen with gorgous hardwood floors, tile counter tops and gas stove/oven. The formal dining room is right off the kitchen and continues with the hardwood floors. Main floor master bedroom offers a five-piece bath and walk-in closets. The other two main floor bedrooms a large and spacious. the finished basement offers a fabulous rec room for entertaining with a stone surrounded fireplace. The home is completely landscaped and feneced! A wonderful home at a great price!

see additional photos below
PROPERTY FEATURES

- Central A/C - Fireplace - High/Vaulted ceiling
- Walk-in closet - Hardwood floor - Family room
- Living room - Dining room - Dishwasher
- Refrigerator - Stove/Oven - Microwave
- Stainless steel appliances - Basement - Laundry area - inside
- Yard

COMMUNITY FEATURES

- Fitness center - Swimming pool(s) - Tennis court(s)
- Playground


OTHER SPECIAL FEATURES

- Hardwood floors throughout
- Formal dining room
- 5-piece master bath
- Finished basement with great family room

ADDITIONAL PHOTOS


Front

Living Room

Dining Room

Master Bedroom

Family Room

Back Yard
Contact info:
Tracy Wilson
The Group, Inc
970-567-0907
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Aug 20, 2009, 12:20pm PDT
 
Tracy Wilson | The Group, Inc | 970-567-0907
1945 Rio Blanco, Loveland, CO
Great ranch style home in a wonderful neighborhood
3BR/2BA Single Family House
offered at $275,000
Year Built 2007
Sq Footage 3,218
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking 3 Car garage
Lot Size 7,370 sqft
HOA/Maint $28 per month

DESCRIPTION

A huge covered patio graces you as you enter this beautiful ranch style home. Beautiful hardwood floor in the entry, kitchen and dining room. Tile accented gas log fireplace in the spacious living room. Off the living is the kitchen that features City Scape Alder wood cabinets, granite tile counter tops and pantry. The dining room provides access to the covered back patio. The master bedroom has a five-piece master bath, walk-in closet and access to the patio. The full unfinished basement provides for expanding in the future.

see additional photos below
PROPERTY FEATURES

- Central A/C - Fireplace - High/Vaulted ceiling
- Walk-in closet - Hardwood floor - Living room
- Dishwasher - Stove/Oven - Microwave
- Granite countertop - Basement - Laundry area - inside
- Yard

COMMUNITY FEATURES

- Garage parking - Playground


ADDITIONAL PHOTOS


Front

Living Room

Kitchen

Master Bedroom

Master Bath

Master Bath
Contact info:
Tracy Wilson
The Group, Inc
970-567-0907
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Aug 22, 2009, 7:51am PDT
 
Tracy Wilson | The Group, Inc | 970-567-0907
1957 S Trail Blazer Rd, Fort Lupton, CO
Colorado Craftsman Style! Brand new three bedroom, three bath ranch style home in Appel Farm Estates
3BR/3BA Single Family House
offered at $324,900
Year Built 2008
Sq Footage 3,020
Bedrooms 3
Bathrooms 3 full, 0 partial
Floors 1
Parking 3 Car garage
Lot Size 14,547 sqft
HOA/Maint $30 per month

DESCRIPTION

Colorado Craftsman Style. Huge family room with beautiful hardwood floors flows into a unique library/sitting room for a quiet get-away. Dining area and kitchen will be a real treat to any gourmet cook offering a tremendous amount of cabinets and ample counter space. Huge master bedroom with sitting area and luxury 5-piece bath. Almost 900 sq ft upstairs just waiting for you to finish the bonus room! Small town living with city conveniences.

see additional photos below
PROPERTY FEATURES

- Central A/C - Fireplace - High/Vaulted ceiling
- Walk-in closet - Hardwood floor - Tile floor
- Living room - Dining room - Stove/Oven
- Microwave - Basement - Laundry area - inside

COMMUNITY FEATURES

- Golf course


OTHER SPECIAL FEATURES

- Right across the street from the public golf course
- Hardwood floors throughout
- Tile entry way, kitchen, dining and laundry
- Three car garage

ADDITIONAL PHOTOS


Front

Living Room

Master Bedroom

Master Bath

Dining Room

Kitchen
Contact info:
Tracy Wilson
The Group, Inc
970-567-0907
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Aug 20, 2009, 7:57pm PDT
 

People HuggingWell after about six months, the Larimer County residential market has finally shed its "soft market" persona in the eyes of a number of lenders! While Larimer County was under a soft market classification, mortgage loans were subject to a 5% financing reduction, requiring at least a 10% down payment. In the past months, several lenders were now able to provide programs with 95% financing on conventional with as little as 5% down.  

This is just one of many facts that proves not believe everything you hear on the news! Another one came from my companies June publication of the Insider.  One article compared the return on investment (ROI) between residential property and the major stock indexes since the start of the decade. The chart below shows the returns posted between January 1, 2000, to December 31, 2008, for the three leading stock indexes, and compares those results to gains achieved by residential real estate in Northern Colorado's three largest communities.

RIO Graph

In dollar terms, if you invested $100,000 on January 1, 2000 your investment would be worth the following today:

For the Stock Market

  • Dow Jones Industrial $80,200
  • S&P 500 $64,800
  • NASDAQ: $40,100

For the Real Estate Market

  • Greeley homes: $114,000
  • Loveland homes: $133,000
  • Fort Collins homes: $137,000.
 

Milliken - The "Hub of Northern Colorado", is a fast growing vibrant community in Weld county, which sits six miles east of I-25 on Colorado Highway 60. Milliken offers a pristine quality of life to its residents in a true rural Colorado setting. The Town offers a variety of amenities to residents including beautiful parks and open space, recreational activities, top-notch public services, and local educational convenience with both an elementary and middle school within the community. John Milliken

Milliken's history started with the settlement of Hillsboro in the 1860's which was the trade center for the immediate area. The town was officially established in 1907 and was named after Judge John D. Milliken, a pioneer lawyer who helped establish the Denver, Laramie and Northwestern railroad.  In the early years, Milliken grew by leaps and bounds, and soon boasted several churches, a school, and thirty businesses including; two lumberyards, a 16 room hotel, a bank, drug store, telephone office, and its own newspaper, The Milliken Mail.

The first of several disastrous fire hit the town in 1911 - destroying three businesses. Subsequent fires coupled with the decline in railroad transport dealt their blows to the community. Many changes have happened in Milliken in the last 20 years. The streets were unpaved even into the early 1980's. The Town continues to grow and still benefits from the land that first drew settlers and developers.  Today Milliken is a growing community, with a population of over 5,700.  The town offers prospective residents the opportunity to choose a home in a variety of master planned communities at a far better value than in many of the surrounding larger cities without sacrificing quality.

Milliken Aerial

 

Kendall BrookKendall Brook subdivision located three miles north of Highway 34, on the northwest side of Loveland on the northwest corner of North Taft Avenue and West 43rd Street.  Fully developed single family lots are still available in second and third phase.  Price includes water, sewer, gas, electric and cable TV stubbed to each finished lot. The neighborhood has paved streets, curbs, gutters, entry monumentation, landscaping, streetlights and sidewalks.  Other amenities in this subdivision include:

  • Tremendous open space
  • Soccer field
  • 4 Parks with playground equipment
  • 1 Park without playground equipment
  • City trail system along the Louden Canal
  • Excellent views of the Rocky Mountains 
  • Professionally managed & landscaped community
  • Close to shopping, entertainment and recreation
  • Convenient to downtown Loveland and Lake Loveland
  • 6 miles south of the City of Fort Collins

Currently, R&R Homes have 5 spec homes to choose from!  Stop by the model home at 4850 Georgetown Drive.  Open Saturday & Sunday from 1:00-5:00 pm.

Or for more information check out our website at:  www.randrnewhomes.com

 

4850 Georgetown

Building a better home for you & the environment!

  • Stunning four bedroom, three bath ranch style home in desirable Kendall Brook subdivision
  • Custom tile with granite accents entry
  • Tall solid Alder wood interior doors throughout
  • Beautiful slab granite countertops in kitchen below a full custom tiled backsplash
  • Stainless steel built-in convection oven & microwave PLUS refrigerator are included.
  • Open living room with corner accented gas fireplace
  • Spacious master suite offering: Patio Access, 5-piece bath with skylight & walk-in closet
  • Dedicated dining room with spectacular mountain views
  • Finished basement offering full wetbar with dishwasher, microwave & full size refrigerator
  • Beautifully landscaped with  fire pit in backyard great for those cool fall evenings
 

INC magazineDuring the 2008 Best Places to Do Business study that was conducted by INC.com - Colorado ranked pretty high!  Our highest ranking city was Grand Junction - coming in at #11 overall and # 9 on the small cities list.  Greeley was ranked 25th overall (18th on small cities) which was a huge jump from last year's rank of 64th.   Fort Collins came in 53rd overall (31st on small cities) another huge jump from last year's rank of 141.  These rankings were based on non farm employment, manufacturing, financial services, business and professional services, educational and health services, information, retail and wholesale trade, transportation and utilities, leisure and hospitality, and government.  According to INC.com, the list focuses on short and long term job growth - showing where jobs are being created and to where momentum is shifting - and identifies the best places to locate or expand business.

Below is a chart of how Colorado cities ranked on this 335 city list:

 

Best Places to do Business

City

2008

2007

Greeley

25

64

Fort Collins/Loveland

53

141

Grand Junction

11

30

Pueblo

70

173

Denver/Aurora

108

198

Boulder

121

250

Colorado Springs

151

186

   

 

Money MagThe Northern Colorado area is hold on strong on the national "best of" ranking!  In the recent Money Magazine's 100 Best Places to Live for 2008- Fort Collins was ranked 2nd This was just one step down from it's 1st place ranking in 2006.  In the article Money magazine praised Fort Collins for it's bike friendliness, microbreweries and restaurants in Old Town, biosciences and tech companies, employment, Colorado State University, the future downtown solar energy projects, health care and schools.  Another Northern Colorado city that came in at 33rd was Loveland for it's Valentine Remailing Program, sculptures and Budweiser Event Center.  Other cities in Colorado that were on the list was  Highlands Ranch at 12th, Westminster at 44th, Longmont at 50th

 
 
Rainmaker_large

Tracy Wilson

Loveland, CO

More about me…

The Group, Inc

Address: 5401 Stone Creek Circle, Loveland, CO, 80538

Office Phone: (970) 613-0700

Cell Phone: (970) 567-0907

Email Me



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