colorado: Walkout Ranch on 3 Prime Acres in Broomfield
- 04/05/12 01:33 PM
This beautiful home on 3 acres would be perfect for the baby boomer who wants all the essentials on one level without stairs, for the large family that requires 4-5 bedrooms and plenty of space to run and explore, or anyone in between. A very open floor plan with a Great Room, formal dining, sturdy/office, laundry and master suite on the main level also has a bright lower level with 2 bedrooms and a Jack N Jill bath in between on each set of bedrooms. This home of just under 4000 sq. ft. is filled with interesting angles and curves … (0 comments)
colorado: Only One FHA Loan at a Time Please, Except.......
- 10/16/11 09:09 AM
I recently attended a class on FHA Financing and found that "Only One FHA Loan at a Time Please" is not alwasy the case, so thought I would share my new bit of knowlege with you. FHA loans are only for owner occupants and not for investors and most of the time only limited to a single loan at a time with the following exceptions: 1) You are relocating and establishing residency outside of a comfortable commuting distance from the current residence.......hummmm what exactly does that mean???? 2) Your family size is increasing and you need a larger home, BUT you … (2 comments)
colorado: Best Time To Buy or Sell?
- 09/07/11 03:57 PM
I Don't Know Do you really think I or anyone can tell you that? Not!!...... But I can give you some statistics, which may help you with your future purchase or sale of your home within Adams County. New listings were down by 42.8% and the number of presently active listings were down by 27.4% - wow, what that means to me is that many people have put off selling their home for now; probably coming to the realization that they will not profit or have a very limited profit at best, from the sale, should they sell now. So if they … (1 comments)
colorado: ILC - What is it?
- 07/27/11 07:47 AM
There are times when a buyer's lender or the title company may require an ILC (Improvement Location Certificate). It is kind of a mini-survey. What happens is a surveyor will go out to the property and assess it per the legal description of the property. They will then diagram the property. They can determine things like the house, out buildings, fences, driveways or walkways encroaching on neighboring property or neighboring improvements encroaching on your property, easement encroachments, flood zone encroachments, etc. from those measurements. Sample Improvement Location Certificate This is especially critical in properties with acreage or older established neighborhoods where … (1 comments)
colorado: Colorado Water Concern?
- 01/05/11 01:15 PM
It seems that the main source of water in Colorado, the Colorado River, is shared by Colorado, New Mexico, Wyoming, Utah, Arizona, Nevada, and yes, even California. The author of the book, Dead Pool, written by James Powell, states this, "When inevitable change in climate arrives to perturb the balance, the society has no margin for safety. Usually it responds by impounding more water, planting more crops, and building more canals. But if the problem is too little water for too long, none of these remedies work. A society must respond to a prolonged drought by reducing consumption until demand matches supply, … (1 comments)
colorado: Short Sales....Everybody's Doin' It!
- 10/07/10 04:23 PM
The statistics now show that 1 in 7 homeowners are unable to continue to make their monthly mortgage payments and a staggering 1 in 4 homeowners are finding that they are "under water" or in other words they owe more than what their property is valued at. It's a terrible feeling.....seeing the your most valuable resource decreasing more and more each year, and yes, each month. Investors and lenders, as recently as 2008 frowned on doing Short Sales, but, wow, how things have changed in the past 2 years. Now it is not only an acceptable option, but a preferred one, instead … (3 comments)
colorado: Sellers What You Should Know About Short Sales
- 04/09/10 05:46 AM
Navigating Short Sales: What to Do When the Sale Price Leaves You Short If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through … (0 comments)
colorado: Sold Stats for Country Hills Subdivision in Thornton
- 03/08/10 12:16 PM
In the past 6 mos., 11 properties have sold at an average net price of $227,526, which was 93.8% of the average listed price. The average price per sq. ft. was $116 and the average days on market were 59. out of the 11 solds, 2 were shortsales and 2 were foreclosures with the remaining regular sales. Not bad statistics, except for the fact, of course, that the average sold price is way prior to the time that the housing market took at huge dive. … (4 comments)
colorado: Broadlands Distressed Properties
- 01/24/10 11:41 AM
Broadlands, a local golf course community in Broomfield CO seems to be holding it's own relative to homeowners being in a distressed situation when selling their homes. According to the last 6 mos. of sales in that subdivision, only about 20% sold in either short sale or lender owned (already been through foreclosure) situations. Many other areas within the Denver metro area are much worse off. But I have also noticed that there have been many properties in the Broadlands that have been for sale, but then withdrawn from the market. This was probably because the decline in market value will not enable … (0 comments)
colorado: $1000 Incentive to seller completing short sale
- 01/08/10 11:17 AM
Yes, it's true. I was very surprised to learn on my recent FHA/HUD Preforeclosure Sale (short sale) that the homeowner can receive up to $1000 to close a short sale on their property rather than letting it go through foreclosure. The lenders are very open to doing a short sale rather than a foreclosure. Better for all involved. … (3 comments)
colorado: Gov't.Owned Homes Excempt From Carbon Monoxide Detector Law in Colorado
- 10/31/09 12:38 PM
I just closed a HUD deal and prior to closing, I noticed that there were no carbon monoxide detectors installed in the home. The home is located in Colorado and effective with July 2009, any sold home needs to have a carbon monoxide detector installed within 15' of any sleeping area. That's what I thought, anyway. But when I asked the HUD representative about where the detectors were, I was told that government owned homes do not have to comply with that law. You've got to be kidding me!? How can it be any less important for the new family within that … (0 comments)
colorado: Buying Through Auction?
- 06/24/09 01:46 PM
Hudson and Marshall Auction is on it's way to Denver again on July 15, 2009. Even if you are not interested in bidding on anything, just go to see what it's like. If you do bid on anything, make sure you do your homework ahead of time, as you have to have all your ducks in a row, once the bidding starts. You have no time to make any decisions them. Make sure you know the value of the property, as you don't want to get caught up in the heat of the moment and bid too much. Know your limit … (0 comments)
colorado: $8000 First Time Homebuyer Tax Credit Basics
- 06/24/09 01:16 PM
Who Qualifies? Any First Time Homebuyer who purchases a home between Jan. 1 and Dec. 1, 2009. Whom is a First Time Homebuyer? Anyone who has not owned a residence during the last three years. How Much Will the Credit Be? 10% of the purchase price up to $8000. Are there Income Limitations? Single buyers with annual incomes up to $75,000 or married couples up to $150,000 may receive the maximum tax credit of $8,000. The tax credit decreases for single buyer income between $75,000 and $95,000, and for married couples between $150,000 and $170,000. Singles over $95,000 and married couples … (0 comments)
colorado: Offers on Short Sale - Accept one or all?
- 06/14/09 05:29 PM
"Seller has the right to accept subsequent offers from other buyers prior to Short Sale Acceptance without liability to Buyer". This is a direct quote from the Short Sale Addendum, which is part of a contract on a Short Sale offer here in Colorado. Some agents continue to only accept a single offer on their short sale listing subject to bank approval, of course, while other agents accept them all and forward all the offers onto the banks. It isn't always up to the listing agent, as many banks are dictating on how the multiple offer situation will be handled. Some say, "only have … (0 comments)
colorado: Foreclosure VS Short Sale
- 06/14/09 05:06 PM
Both the Foreclosure Process and the Short Sale have consequences for the homeowner, but the Short Sale has much less of an impact on the homeowner's credit and ability to secure a loan in the future on a new home. For instance: Foreclosure Short Sale 5 Yrs. to secure a Fannie Mae backed loan Only 2 years Credit score lowered 250-300 points Lowered as little as 50 points Affects credit score for over 3 years Affects credit score as little as 12-18 mos. Public records with reflect on credit history for 10 yrs. or more Not reported on a credit history So you can see where … (0 comments)
colorado: Low Supply of REO Properties in Colorado
- 06/11/09 06:10 PM
It appears that the moratorium that began before the holidays is still not lifted as listing agent's supply of REO properties is way down. This actually appears to be affecting the supply and demand whereby the norm now is that potential buyers can expect to pay at the very least the listed price, and most times over that price by thousands, depending on the price point of the property. This can result in the average sold price increasing and actually making it appear like the market may be rebounding. But I am wondering when the floodgates do open back up, where will that take us? … (0 comments)
colorado: Deeds and How They Differ
- 02/24/09 03:29 PM
GENERAL WARRANTY DEED Most commonly used in real estate transactions and the best warranty. The seller a) guarantees that they hold clear title to their property and that they have the right to sell it to the buyer b) that their guarantee is not limited only to the time for which they owned it, but it extends back to the property's origin. c) that they are guaranteeing there are no hidden liens or encumbrances on the property or in other words that there are no debts or holds other than the ones in public records. d) and that the seller will … (0 comments)
colorado: Adams County Colorado 3rd Qtr. 2008 Statistics
- 01/28/09 08:01 AM
Adams County is one of the major counties within the Denver Metro Area in Colorado. 3rd Qtr. 2008 statistics have been released. Inventory of homes is shrinking, which can help turn the market around from a buyer's market to that of a seller's market. The local Adams County report, which includes cities of Westminster, Thornton, Commerce City and Brighton shows the sold average price of a home decreased from the 3rd qtr. of $175,700 to $173,100. The no. of homes on the market decreased slightly from 3819 to 3048 with the average days on market decreasing a fair amount from 105 … (0 comments)
colorado: Upscale Properties Coming on the Market
- 01/12/09 12:43 PM
They said it would happen, and now it has! Upscale properties are now bank owned properties offering a value unseen by previous markets. Log onto my website of www.kthomes.net for a complete list of Sellstate ACE Realty bank owned properties in the Denver CO Metro area. When you are in my website, just click on "Featured Listings" in the lower left hand corner and take in the sites! … (0 comments)
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