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Beware Falling Into a Money Pit When You Buy Your Denver Home
Has the new and improved tax credit sparked your interest in buying a home?  Between the credit, the interest rates, and the pricing, the Denver home buying scene has been lively these days.  Sellers finally have some incentives to put their homes on the market, plus we're seeing renewed buyer demand for the smaller, less expensive type of home often popular among first timers.  Sellers are realizing that even if they cannot ask what they would like to ask for their homes, they will benefit from lower pricing on their next home while realizing a $6,500 tax credit themselves. And the interest rates we're seeing now won't last forever.
Knowing that there will be demand, some sellers may put their homes up for sale without proper preparation while others may try to pass along a few problems to the next buyer.  You do not want to unknowingly buy a money pit!  You should carefully examine any reports from the city before making an offer as well as have the home inspected before you buy, but you should also keep your eyes open for any warning signs of undisclosed trouble.  Just because you see a few red flags does not mean you ... more

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