buying a home: Measuring Square Footage - 07/17/19 11:25 AM
  Square footage is commonly used to determine if a home will fit a buyer's needs.  The price per square foot can be used to compare the costs of different homes and even, determine the value of a property.
The challenge is what is the source of the square footage measurement and how was it done.
County records use square footage to determine assessed value for property tax purposes.  They are assumed to be reliable but there can be inaccuracies in their tax rolls.  Another source of square footage could be from the house plans but the problem there is that the builder may … (0 comments)

buying a home: When It's Important...Find the Facts - 02/13/19 07:27 AM
When It's Important...Find the Facts2/13/2019 Most parents don't put a lot of credence in the statements "Everyone is doing it" and "No one does that anymore." They'll dig a little deeper and get the facts of the situation.  Interestingly, when it comes to buying a home, similar common myths continue to prevail surrounding what it takes to buy a home.
One of the most common myths is that it takes 20% down payment to get into a home.  Certainly, an 80% mortgage might have the most favorable interest rate. It won't require mortgage insurance and qualifying requirements might be a little less but there are … (3 comments)

buying a home: What Makes a Seller's Market - 06/29/14 02:23 AM
What Makes a Seller's Market?
It is generally considered a seller’s market when the conditions favor the seller.  This condition exists when demand is high and supply is low without any significant adverse economic conditions taking place.
Demand is determined by ready, willing and able buyers.  Low interest rates with indications that they will begin to rise fuels part of this demand. Rising prices also creates a sense of urgency to avoid higher housing costs.
Inventory is currently below what is considered balanced in most areas. In some areas and price ranges, homes are selling very quickly, with multiple offers … (1 comments)

buying a home: Homeownership Rules - 08/16/12 02:47 PM
Homeownership RulesMost people agree that homeownership rules! When asked, people say they want a home they can call their own, to raise their family, share with their friends and to feel safe and secure. It also accounts for the majority of most people's net worth.
These rules can help protect your investment and make homeownership more enjoyable.1.  Don't overpay for your home2.  Maintain your home's condition3.  Minimize your assessed value to lower property taxes4.  Make extra principal contributions to save interest and build equity5.  Validate the insured value of improvements and contents6.  Stay current on surrounding property values7.  Make mortgage interest … (1 comments)

buying a home: If I'd Only Bought........ - 07/23/12 05:10 PM
If I'd Only Bought... We've probably all said or at least thought "if I knew then, what I know now, I would have done things differently." We should have stayed in school longer. We should have listened to our parents. We should have bought Apple stock in 2002 for $8.50 or gold in 2000 for $300.Years from now, if we look back at 2012, it may be clear that this was the best buyer's market ever.
The prices are down nationwide 35-40% from four years ago, mortgage rates have never been this low and rents are rising. Few homes have … (1 comments)

buying a home: Good Credit..Down Payment..Now is the time.. See Why - 03/12/12 11:34 AM
The Housing Affordability Index was developed over thirty years ago to help consumers determine when it is a good time to buy a home. It's considered advantageous to the buyer when the index is over 100 because a median income family can qualify for a median
price home.

Recent figuresreleased by the National Association of REALTORS' economic department show that the 2011 index of 184.5 is the highest annual average since it has been calculated. The most recent month released, December 2011, was 194.9.
The index is also broken down into four regions of the country.The two major components that … (0 comments)

buying a home: One Size Doesn't Fit All - 01/05/12 10:01 AM
   One Size Doesn't Fit AllRarely, does one size fit everyone and the same goes for advice. The following suggestion is not right for everyone.
However, for people with job security and who don't own a home; for people with good credit and enough savings for a down payment, there may never be a better time to buy a home.Homes have had a significant price correction but in many markets, they have started to rise again. The lower prices combined with historically low interest rates make this an opportune time to buy a home if you can afford it.One of … (1 comments)

buying a home: Problems With Finding A Denver Home for a Young Couple - 08/03/11 11:03 AM
Problems With Finding A Denver Home for a Young Couple A house is a dream that many young families have. This is the place that they envision their children growing up in and the place where they will grow old. As a young family starting out, there are certain obstacles that must be overcome in order to get the house of their dreams.  One of the biggest problems for young families when they purchase their first Denver home is financing their property and knowing the real costs connected to owning a home.  Being knowledgeable in both these areas will help any … (0 comments)

Patty Clark, Helping Families Move with Care (Morningside Homes, LLC 720-231-5200) Rainmaker large

Patty Clark

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