buy home in denver: Tax Tips and Tricks for Denver Home Owners
- 03/18/11 01:39 AM
Every Denver homeowner knows that one of the biggest benefits of owning a home (rather than renting) is the tax deductions. If you itemize your taxes, you can deduct 100% of your mortgage interest and your property taxes on your income tax returns. Did you know that a big chunk of your closing costs are also tax deductible? And, if you sell your home, thousands of dollars of the profit you realize are also exempt from income taxes. With tax time rapidly approaching, it's important to know exactly what deductions you can claim. Read on to discover five critical … (0 comments)
buy home in denver: Fannie Mae and Freddie Mac winding down?
- 02/12/11 10:44 AM
According to an AP report on Friday, "The Obama administration laid out three broad options Friday for reducing the government's role in the mortgage market. All three would almost certainly lead to higher interest rates and costs for borrowers." These proposed options are likely to come over a period of 3 to 7 years but the net effect will be the rapid disappearance of the best Denver home purchase power opportunity in history. According to NAR President Ron Phipps, "Mortgage interest rates recently hit record lows, median family income has edged up and prices in most areas have been stable following the … (3 comments)
buy home in denver: Five Mistakes Denver Home Buyers Make
- 09/09/10 02:39 PM
Here are some great tips that are re-blogged from the Wall St. Journal, Real Estate Section. -MB Home buyers are an increasingly rare breed these days. Many who were eager to buy a house raced to take advantage of federal homebuyer tax credits. When those government perks expired in April, home sales essentially went into deep freeze, plummeting to levels not seen in more than a decade, according to the latest numbers from the National Association of Realtors. Still, the Realtors project that nearly 4 million existing homes will sell in 2010. First-time buyers, without the burden of a home to … (0 comments)
buy home in denver: How's the Denver Real Estate Market? - For April 2010
- 05/08/10 10:30 AM
So How's the Denver Real Estate Market - For April 2010 Marianne Bandy - The Bandy Team, RE/MAX Professionals 1. "Did the Tax Credit Work to Increase Real Estate Sales?" Yes, highest number under contract since 2006. STAT ONE: Properties that are currently Under Contract are at a 5 year high.
2. Did the Tax Credit ramp up buyers to buy? The figures do not lie, YES. STAT TWO: More properties closed in April of 2010 than the previous two years in April. Sold data is a trailing indicator of a market turning around. Denver has now had two … (1 comments)
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