arvada co: How to Buy and Sell a Home at the Same Time (Without Losing Your Mind)
- 12/08/23 01:13 PM
How to Buy and Sell a Home at the Same Time (Without Losing Your Mind) Buying or selling a home is a big adventure; some thrill seekers may choose to take on both tasks at the same time. If you're finding yourself in the position of needing to buy and sell at the same time, here are some tips to help you navigate the possibly challenging course ahead of you. Evaluate Your Local Market For most buyers and sellers, selling their current home before putting an offer on another property is their best real estate option. But for others, it really … (4 comments)
arvada co: Do you feel lucky? Well, do ya?"
- 10/17/22 07:40 PM
You may remember the famous line in the Dirty Harry movie when Clint Eastwood has just had a shootout with bank robbers and is standing in front of the lone surviving thief who is considering going for his gun. Harry with his gun pointed at the bad guy says to him ""Did he fire six shots or only five? Well, to tell you the truth, in all this excitement, I kinda lost track myself. But being this is a 44 Magnum, the most powerful handgun in the world and would blow your head clean off, you've gotta ask yourself one question: Do I feel … (1 comments)
arvada co: Buying a Home...Ask for a CLUE Report
- 04/25/22 07:12 PM
People purchasing a used car have most likely heard of CARFAX vehicle history reports to help them avoid buying a car with costly hidden problems. Less likely are buyers to know that there is a way to discover some of the repair history of homes they are interested in. Lexis Nexis C.L.U.E. (Claims Loss Underwriting Exchange) is a claims history database that enables insurance companies to access consumer claims for the previous seven years when they are underwriting a risk or rating an insurance policy. An insurance underwriter could identify a previous claim for substantial damage to a property and try … (2 comments)
arvada co: Equity Give Homeowners Options
- 04/05/22 07:43 PM
Americans have seen the equity in their homes increase by 29.3% year over year in the fourth quarter of 2021 according to the CoreLogic Homeowner Equity Insights. The average home equity gained $55,000 during the same period. CoreLogic's Home Price Index reported a 19.1% increase in appreciation for the previous twelve months ending in January 2022. This increase in value is fueling the increased equity that homeowners are experiencing. Some homeowners are doing cash-out refinancing and using the funds for a variety of purposes like home improvements, investing, saving for retirement, college or rainy-day funds. Other homeowners are seeing the … (0 comments)
arvada co: The Dynamics of Home Equity
- 03/16/22 09:07 AM
Appreciation and amortization are key factors in building equity for homeowners with mortgages. As the home goes up in value due to appreciation and the unpaid balance goes down due to amortization, the equity increases. Appreciation is the increase in value of a home and is usually measured year over year. In recent years, appreciation has been robust (19% nationwide in 2021) due to high demand and low inventory. Many times, the news will quote annual appreciation rates from a national or regional level. Occasionally, you may see a chart that tracks the annual appreciation over a period, but it is more interesting … (0 comments)
arvada co: Assumptions Make Sense Again
- 02/28/22 06:25 PM
Existing FHA and VA mortgages are assumable at the note rate to owner-occupied buyers who qualify. This can be an alternative to paying higher, current rates and benefit buyers with lower closing costs while saving money on the payment. For the last 20 years, rates have been steadily coming down and there was no reason to qualify for the assumption when a new loan had a lower interest rate. Assuming an FHA or VA loan with a lower interest rate will obviously mean lower payments but it will also build equity faster because the amortization schedule is advanced from a new … (2 comments)
arvada co: Will Soft Inquiries Hurt Your Credit Score?
- 01/05/22 04:24 PM
Soft inquiries, sometimes known as a soft credit check or a soft credit pull, do not impact your credit scores because they are not attached to a specific application for credit. They can occur when a credit card issuer or mortgage lender checks a person's credit for preapproval purposes. Examples of soft inquiries are when you check your own credit or one of your current creditors checks your credit. If you are concerned about the negative impact on your score, specify to the lender that you want a "soft pull" to see if you qualify for preapproval. Soft inquiries may appear on … (2 comments)
arvada co: Paying Down Your Mortgage
- 12/21/21 04:04 PM
When the situation arises that you have a lump sum of cash to pay down your existing mortgage, there may be different options available. Pre-paying principal on a fixed-rate mortgage shortens the term of the mortgage but the payment stays the same. Conversely, recasting a mortgage with a lump-sum principal payment lowers the principal and interest payment but leaves the term intact with the same payoff date. The interest rate on the mortgage will stay the same regardless. Prepaying principal can be done at any time but may not be applied until the next payment date. Recasting cannot be done within the first 90-days … (2 comments)
arvada co: How Does It Measure Up?
- 09/28/20 07:23 PM
People are always looking for a "down and dirty" way to determine the value of a home and square footage seems to be one of the most common things used by people whether they are buyers, sellers or real estate agents. While it seems straight forward, there are several variances that can lead to inaccurate determinations. The market data approach to value uses similar properties in size, location, condition and amenities to compare with the subject to arrive at a price. Differences in any of these things can affect the price per square foot. Appraisers are trained and licensed to make these adjustments but … (3 comments)
arvada co: Must Be This Tall to Ride
- 06/04/17 08:53 PM
Surely, you remember being a child at an amusement park when after having stood in line with your friends and family, waiting to get on a terrific ride, you discovered the sign that read, “you must be this tall to ride.” Not only was it disappointing, it was slightly embarrassing. You never want to go through that again. A remarkably similar situation occurs when people are buying a home. After finding the right home and negotiating the contract, they find out that they don’t measure up financially. It’s not something that anyone wants to go through if they have a choice. Regardless of what … (0 comments)
arvada co: Important Estate Documents
- 03/20/17 10:14 PM
An estate plan is a collection of documents to ensure that your wishes are carried out because of death or incapacity to make decisions for yourself. Spouses, minor children, adult children, property and investments can all be factors that should motivate a person to undergo the process. Will – this document specifies the way a person wants to manage and distribute his/her assets after their death. When a person dies without a will, the laws of the state where the person resided will determine the distribution of the property. Durable Power of Attorney – this document grants to a designated person the authority to act … (2 comments)
arvada co: All Brick Ranch with 4 bedrooms, 3 bathrooms, 6512 Urban Ct Arvada, Co
- 10/25/10 07:55 PM
This immaculate home has over 2300 square feet. The basement is light and bright and all finished with a bedroom and a 3/4 bath plus huge familyroom The hardwood floors are refinshed , the interior paint is new and the vinyl windows are updated. Attic fan and swamp cooler keep thibgs super cool in the summer. Stainless appliances are staying, double wood doors leading to the covered patio and the fenced back yard. There is a play house and sand pit for the children. All of the schoools are within walking distance.
How to Buy and Sell a Home at the Same Time (Without Losing Your Mind) Buying or selling a home is a big adventure; some thrill seekers may choose to take on both tasks at the same time. If you're finding yourself in the position of needing to buy and sell at the same time, here are some tips to help you navigate the possibly challenging course ahead of you.
;)
;)
;)
