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Parker, CO Real Estate News

By Steven Beam, Parker Colorado Real Estate
(RE/MAX Alliance - Parker Colorado Real Estate.)
Get your real estate market education here! The Pinery in Parker, Colorado 2008 Year end real estate market report and statistics. If you are contemplating buying or selling a home in The Pinery in Parker, Colorado don't you think its wise to know the true numbers and stats for what properties really sold for in 2008? Below I will provide you with all the homes that sold in The Pinery for 2008. I also included the currently under contract and the currently active homes. Steven Beam is a full time real estate broker serving Parker Colorado and the surrounding areas. Other Market Reports: The Timbers real estate market report. Stonegate real estate market report. Castle Rock The Meadows real estate market report. How to prepare for a short sale.   Full Spreadsheet available here.
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By Steven Beam, Parker Colorado Real Estate
(RE/MAX Alliance - Parker Colorado Real Estate.)
Looking for "HOT BUYS" in Parker Colorado? These are good buys in Parker real estate available now. You have instant access below. If you see a home you like or would like to set a showing click on the home and make it happen. Here are great links to the most up to date real estate market reports for Parker and the surrounding areas. The are neighborhood specific reports. Stonegate real estate and homes sold for 2008. Canterberry Crossing + Villages of Parker homes real estate market report 2008 The Timbers custom homes real estate market report year end 2008 All area market reports.
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By Steven Beam, Parker Colorado Real Estate
(RE/MAX Alliance - Parker Colorado Real Estate.)
The Timbers, Custom Homes in Parker, Colorado. Read the FULL report here. The Timbers custom homes real estate market report year end 2008 This is the year end 2008 real estate market report for all the homes that are currently active, under contract and sold in The Timbers. The sold homes are from January 1, 2008 to December 26, 2008. I have also included the homes that FAILED to sell that either expired their listing agreement before selling or were withdrawn because hey did not sell. There were quite a few withdrawn and expired homes in 2008 and the main reason is of course the economy and the oversupply of luxury homes. Unfortunately luxury homes have fallen out of favor for 2008. Most of the blame can be placed on builders over building and banks tightening of credit and jumbo loan...
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By Steven Beam, Parker Colorado Real Estate
(RE/MAX Alliance - Parker Colorado Real Estate.)
Year end market report for homes sold in Canterberry and Villages of Parker. 2008 Below see the spreadsheet with all the currently active, under contract and SOLD homes and real estate located in Canterberry Crossing and the Villages of Parker. Located in east Parker Colorado off Mainstreet. Canterberry Crossing ina middle to upper middle class neighborhood located around the 18 hole Black Bear Golf Course which has a practice area. With rolling topography and lots with big long range views of the Colorado rocky mountains. Great location, great views and top notch golf. TIME FRAME: January 1st, 2008 thru December 22, 2008. See entire spreadsheet here of homes and real estate for sale in Canerberry Crossing and the Villages of Parker. See the FULL REPORT HERE
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By Steven Beam, Parker Colorado Real Estate
(RE/MAX Alliance - Parker Colorado Real Estate.)
Basketball all day in Parker! Think you have the skills to play basketball? How about a Denver Nuggets Skills Challenge? It starts at 10AM Saturday January 3rd for boys and girls age 7 to 14. It tales place at the Parker Fieldhouse. Come out and test your basketball ability! It's fun and will give you a chance to get off the couch. Call 303-805-6311 to get involved. They will take registrations on site. Visit the Parker Fieldhouse web sie for more details.
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By Steven Beam, Parker Colorado Real Estate
(RE/MAX Alliance - Parker Colorado Real Estate.)
Here is a current spreadsheet (BELOW) with the currently active, under contract and sold homes and real estate for Stonegate in Parker Colorado. The sold homes are from January 1, 2008 through December 20, 2008. Unrestricted Access to see every home for sale in Stonegate. Click Below! Here you can view every home for sale in Stonegate right now. If you are interested in buying or selling a home in Stonegate feel free to call or EMAIL Steven for more information or showings. Want to chat about the neighborhood and see what's going on right now? Try me on Twitter. Status= A=Active, U= Under Contract, S = SOLD Concession Amount = The amount the seller contributed to the buyer for closing costs or other items. This concession amount should be deducted from the Final Sales Price to get the N...
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By Mandana Varnoos
(Your Castle Real Estate)
Loan Considerations for Buy and Hold InvestorsAs far as investment loans, little or no money down loans are impossible.  However, lenders do permit the use of Home Equity Lines of Credit or second mortgages from other properties owned by the borrower as a source of down payment.  Or, self-employed borrowers are using funds from business lines of credit to fund down payments or renovations (please note: there are asset seasoning guidelines for doing so and the debt incurred by accessing other credit lines must be accounted for against the borrower’s debt-to-income ratio). Thus, we have clients leveraging themselves with other homes they own in order to get in with little or nothing down.  There are exceptions, but practically every lender requires Full Income Documentation on any investm...
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By Mandana Varnoos
(Your Castle Real Estate)
Loan Considerations for Fix & Flip / Short-Term InvestorsSecuring conventional financing on a fix & flip or short-term loan is not recommended.  Most conventional lenders sell off their mortgages to investors on the secondary market.  If the loan is paid off early (before six payments are made), the investor has not recovered their initial investment.  The investor will attempt to recover their loss from the lender, who will ultimately come after the loan originator.  The loan originator would then be obligated to pay back any premium paid out by the lender.  If such activity becomes habitual with the loan officer, the lender can cease doing business with them and their firm.Furthermore, conventional loans require conventional appraisals.  The lender will require that the home is a) hab...
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By Mandana Varnoos
(Your Castle Real Estate)
Loan Considerations for Jumbo MortgagesFor the Greater Metro Denver area, any loan amount greater than $417,000 is considered a jumbo loan.  Fannie Mae and Freddie Mac assign different thresholds for various regions across the country.  For instance, $417,000 is not considered a jumbo loan in a high cost city like San Francisco, yet there will still be higher rates for going above $417K.  Due to the size of jumbo loans, they are considered greater risk for lenders, resulting in higher rates.  Rates have fluctuated greatly over the past few years on jumbos.  As of today, a 30 year fixed could range from 7% - 8%; a full point higher than the prime rate below a loan amount of $417,000.  Five year ARMs are popular on jumbo loans, as they typically price out a half point lower than fixed pro...
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By Mandana Varnoos
(Your Castle Real Estate)
Loan Considerations for Loan Amounts Between $200K - $417KWith all the doom and gloom publications that are mostly exaggerated, many potential borrowers believe that home mortgage lending options have dried up.  While underwriters and investors are scrutinizing files more closely, attractive rates and terms still exist for owner occupied purchasers seeking a conforming loan limit (under $417,000).  FHA and VA can still lend up to 100% LTV and conventional permits up to 97% LTV.  There are certain guidelines to meet when going to these high LTVs, but they are not impossible to surmount.Every home buyer should first ask themselves what payment they feel comfortable in committing to on a monthly basis.  Too many buyers over-extended themselves in recent years on homes they simply could not...
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By Mandana Varnoos
(Your Castle Real Estate)
FHA First-Time Buyer Tax CreditIn an effort to boost the sagging real estate market and overall economy, first-time home buyers are being offered a limited time tax credit when purchasing a primary residence.  The highlights of the tax credit are:•    The tax credit is available for first-time home buyers only. •    The maximum credit amount is $7,500. •    The credit is available for homes purchased on or after April 9, 2008 and beforeJuly 1, 2009. •    Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. •    The tax credit works like an interest-free loan and must be repaid over a 15-year period. Due to the volume of questions that can be generated with the above, I would recommend clicking on the below link for ...
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By Mandana Varnoos
(Your Castle Real Estate)
Loan considerations for a first time buyerLending guidelines are changing on a daily basis for every type of loan: conventional, FHA, VA & commercial.  Nevertheless, there are still very attractive first-time home buyer options available.   If you are or will be a first-time buyer, it is critical to speak with a loan officer before looking at homes.  It is a crushing feeling to view a home, picture making it your own and then find out that you cannot qualify to purchase it.  A loan officer will pull credit, analyze debt-to-income ratios, review assets and income and determine what you can afford.  Presuming a pre-qualification occurs, the loan officer will then be able to provide an array of loan options.  Presently, FHA loans are the predominant loan for first-time home buyers as they ...
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By Mandana Varnoos
(Your Castle Real Estate)
How can you improve your FICO score?To improve one’s credit score, it’s critical to understand the factors influencing a credit score.  The factors that contribute to a FICO score and the weighted percentages for each are as follows:•    35% — timeliness of payments •    30% — the ratio of used debt to allowable debt for consumer credit •    15% — length of credit history (the more credit history and showing proof of consistent timely payment, the better the score) •    10% — types of credit used  •    10% — recent credit inquiries and recent new credit The greatest driver behind a score is making timely payments on all accounts.  Scores will be adversely affected for any payment that is 30 days late or more.  Being late on a mortgage payment will not only crush one’s score, but will al...
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By Mandana Varnoos
(Your Castle Real Estate)
How does your FICO score impact your interest rate on your loan?Low credit scores are deemed greater risk for lenders since the likelihood for defaulting on the loan increases.  As such, lower FICO scores translate into higher interest rates.  Mortgage lenders will group credit scores in a range, usually in 20 or 40 point increments, with interest rates progressively getting better for each higher interval.  For example, a borrower with a middle credit score between 660 – 680 will have a higher interest rate (presuming all other variables being equal) compared to one with a 680 – 700 score.  Typically, when a borrower has a 750+ credit, they will be able to secure the best possible rate, assuming their income, assets, collateral and down payment are acceptable.For qualifying, underwrite...
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By Mandana Varnoos
(Your Castle Real Estate)
What is a FICO score?FICO stands for Fair Isaac Corporation, a company that created the most used credit scoring model in the United States.  An individual’s credit score is calculated through a statistical algorithm and is used as a factor in determining the likelihood of a borrower defaulting on a loan.  FICO scores are generally used for obtaining mortgages, car loans or consumer credit.  The scores are provided from the three major credit reporting agencies: Equifax, Experian and Transunion.  Typically, there is a variance amongst the scores since each agency has a slightly different scoring formula.  FICO scores range from 300 – 850, with higher scores being considered less risky.  For mortgage lending purposes, any score over a 680 is considered good and above a 750 is considered ...
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By Mandana Varnoos
(Your Castle Real Estate)
TOPIC: Improving conditions in Denver’s  marketThere are some signs of strengthening in our Denver market.  The metro area's inventory of available resale housing decreased 20% to 23,120 units in October from October 2007.  Some of this reduced inventory is attributed to homeowners taking their properties off the market in frustration because their property is not selling, but lower inventory implies a strengthening market.  Remember, the Denver area had housing inventory of 31,989 units in July 2006. Home sales rose 14% to 4,265 in September compared to the same month last year.  This is due almost entirely to the lower-end of the market (under $180K) selling like hotcakes. October's median selling price for single-family homes decreased 12% to $206,000 from the same month of '07, and ...
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By Steven Beam, Parker Colorado Real Estate
(RE/MAX Alliance - Parker Colorado Real Estate.)
This is a market report for real estate and homes sold in Douglas and Elbert County including Parker Colorado for November 2008. This real estate report covers homes sold year to day and monthly sales for November 2008. If you require a breakdown of these numbers or more detail exact neighborhood market information please let me know. You can email me here Steven Beam. 303-941-4663. Please see our other market reports for the Denver real estate market. Notice the average sales price is down 14% from 2007 to date. It does not mean home prices are down 14% it means lower priced homes are selling versus higher priced homes. The absorption rate in months is almost at 12 months worth of inventory. Wouldn't you like to know the absorption rate for your specific neighborhood? Let me know your ...
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By Steven Beam, Parker Colorado Real Estate
(RE/MAX Alliance - Parker Colorado Real Estate.)
Hidden River and Sagewood Real estate and Homes for sale in Parker Colorado. See every home for sale in Hidden River and Sagewood. Sagewood and Hidden River is located in Parker Colorado. Homes are priced from $200,000 to over $350,000. The neighborhood is located off Hilltop Road east of Parker Road. There are approximately 900 homes located inside the two neighborhoods. Steven Beam is a Parker Colorado real estate broker.
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By Bob Schenkenberger, Denver Real Estate
(Colorado Realty Professionals)
As most of the readers of these pages know, I am passionate about the game of golf. What better time to write this, than a 60 degree, December day?  I am going to be writing more about golf and it’s impact on the local real estate markets, and Colorado’s economy. From the CGC Website It was recently announced that the Colorado Golf Club would be home to the 2010 Senior PGA Championship.  This coming on the heels of the 2008 Senior Championship being played only an hour away, at the Broadmoor, in Colorado Springs.  For the PGA to, so quickly, bring back a Major Championship to Colorado, is a remarkable achievement for a club less than three years old! However, this is no ordinary club.  Designed by Ben Crenshaw and Bill Coore, this is a monster course that will test the best players in t...
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By Steven Beam, Parker Colorado Real Estate
(RE/MAX Alliance - Parker Colorado Real Estate.)
This morning we all woke up to winter and in the Stonegate neighborhood of Parker Colorado we have about 7 inches of fresh snow. With temps only in the 20s our three year old was ready to start his new snowman. We had to tell him to wait until after school but I'm sure tonight we'll be busy building Frosty.   hope to see you all outsie enjoying the snow and your kids!  
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