Highlands Ranch Real Estate blog at www.DenverRelocation.com

135 days left to take the tax credit in Denver

2009-07-17T21:29:00.001-06:00

A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

139 days left

2009-07-14T21:42:00.001-06:00

to take advantage of the tax credit for first time buyers.
In Denver it is taking 45 days or more to close a loan.
Start your search for a Denver Home soon.
A Full Time Licensed real estate broker since 1985 I go to work everyday for you & your friends, learning about our home town! It could be Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado. Talk to me for real estate advice, properties for sale, multiple listing service, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

2009-06-23T06:40:00.001-06:00

158 days remain to buy a home and still get the tax credit from the stimulus plan

2009-06-22T19:47:00.001-06:00

only 159 days to close & get your tax credit. Details at http://ping.fm/9WXZ4

2009-06-20T16:50:00.001-06:00

3 weeks to go before the Garden Railway Convention in Denver www.2009ngrc.com Check it out

2009-06-17T14:17:00.001-06:00

Tax Credit only use CHFA's JUMPStart Program if you use a CHFA 1st mortgage. Those are .5-1% higher than other government loans, which limits the buyers ability to qualify.

Down Payment with Tax Credit is Available in Colorado

2009-06-17T07:03:00.004-06:00

From another lender friend:
The only place you can get a portion of the $8000 to use toward your down payment is CHFA. While FHA may say yes, I don’t know any mortgage lender that would advance the funds. CHFA’s program is called Jumpstart and you can get $6000 of the $8000 to use for your purchase. No interest or payments, but must be repaid by June 1, 2010 or payments and interest accrue.
See www.chfainfo.com for details. Biggest downside is CHFA’s interest rates are high.

Now for a note to any first time buyer: Take the FIRST TIME BUYER COURSE CHFA University offers online:
http://www.chfainfo.com/homebuyer/Homebuyer_Education_course_schedule.icm

Since 1985 I have been going to work every day for you and your friends, learning about our home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

2009-06-17T07:02:00.001-06:00

Downpayment with Tax Credit: $6000 of $8000 is available from CHFA. Must be repaid by 6-1-10. $350 application fee. JUMPSTART is the program

Tax Credit GOOD? But we won't lend them the money!

2009-06-16T11:28:00.001-06:00

Just got this from a lender RE the $8000 tax credit:

"We’re an approved lender, but we will not loan the funds to the borrower. We’ve been working with many of the governmental agencies to create the funds (to no avail…yet)."

Wow are we screwed up!

Since 1985 I have been going to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Appraisal Rule, Closings, & First Time Buyers Tax Credit

2009-06-15T11:17:00.008-06:00

The May statistics are in and the new appraisal rules certainly affected the number of closings in May in Denver. Of course they were not the only reason closings were down but I will give them a 10% fewer closings due to the guidelines the appraisers and the loan officers must abide by. See below for more on those rules. Here is the chart for sales May since 2001. You can see the drop in demand.

One of the other factors that affects the number of sales is the number of homes on the market as most folks sell and then buy. As the number of listings on the market falls it could predict the future health of the market...more listings=less healthy; fewer listings= more healthy. So I see the drop in active listings, year over year as very good for the market and indicating upward pressure on price in the future. Many folks have hunkered down and are awaiting a market turn before putting their homes on the market. National events certainly effect our personal perceptions of what is happening. Here is the chart for new listings entering the market.

The new APPRAISAL RULES and what they could mean to you...refinancing or buying a home:
The long and short of the new rules are that the loan officer cannot talk to the appraiser, and the loan company cannot hire their own appraiser over and over. There is supposed to be a wheel to assign appraisers to files. That said the cost of the appraisal has gone up as there is now a 3rd party Appraisal Coordination Service (ACS) who has created the wheel and is supposed to assign an appraiser. This part is working fairly smoothly at this time.

Interestingly, the Realtors are NOT prohibited from speaking to the appraisers, only the loan company, and frankly I have only investigated a very narrow spectrum of these rule.

One other thing the new rules have caused; a price increase to pay for the Appraisal Coordination Service, so instead of $350 an appraisal might cost $400.

It seems the "wheel" could be problematic in that an appraiser from Greeley could be assigned to do an appraisal in Pueblo in spite of the fact the appraiser has never seen Pueblo and does not know there is a Pueblo West too. And I would not want a city of Denver appraiser doing a farm & ranch appraisal in Newcastle either. SO when you are getting an appraisal, there seems to be a couple of questions you might wish to ask the appraiser, BEFORE they start the process and finish spending your money.

Where are you located?

When was the last time you did an appraisal in this area?

How many appraisals have you done in this neighborhood?

The final item today that may have "slowed" the number of sales in May was the premature announcement by HUD that the $8000 tax credit could be used as down payment. The details of this proposal are still being worked out and the result is that quite a few buyers are sitting and waiting for the "OK" to go. A shame in that a loan from Grandma could get the job accomplished the same way. Talk to me or your lender of choice before you make a decision not to proceed. As John Wayne said in the movie The Cowboys 'we are burning daylight!'. Do not let this opportunity pass due to lack of action on your part. We are talking about up to $8000 of free money for the first time home buyer here.

Since 1985 I have been going to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

And now to other news...

2009-06-10T16:20:00.001-06:00

Denver Tops Rebounding Housing Markets Barbara Corcoran highlights Denver as the number one recovering housing market on NBC's Today Show saying, "Everything about Denver is pointing Up, Up, Up!" watch video here

Jobs May Recover First in Colorado: If you want to be in the right place when the recovery starts, that place may be in Colorado, Idaho, Oregon, Texas or Washington. The recession didn't start at the same time in every state, and it won't end at the same time either. A new forecast from Moody's Economy.com predicts that jobs growth will return first in those five states, starting in the last quarter of this year. read more here

Colorado Business Conditions Improve, Goss Index Shows: A monthly indicator of expected business activity in Colorado improved in May to its highest level in several months, Creighton University economist Ernie Goss said Monday in his monthly regional Business Conditions Index survey. read more here

City of Grand Junction Selected as Large Community of Year: GJEP nominates City based on economic development accomplishments. Each year EDIE awards are given by the Economic Developers Council of Colorado (EDCC) to acknowledge individual, corporate and community contributions to the economic development of Colorado. read more here

Boulder Named “#1 Town to Live Well” by Forbes: Data came from ZoomProspector.com, a San Francisco-based consulting firm specializing in corporate relocation. It evaluated areas of the country with less than 100,000 people and named Boulder as number one town. read more here

Pending Home Sales Increase Nearly 7 Percent: The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7 percent to 90.3 from a reading of 84.6 in March, and is 3.2 percent above April 2008 when it was 87.5.Lawrence Yun, NAR chief economist, says buyers are responding to very favorable market conditions. “Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market,” he says. “Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers.” read more here

All from Jim Renshaw's positive perspectives. Thanks Jim

Since 1985 I have been working for you and your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

A networking blow out in Littleton

2009-06-10T11:53:00.001-06:00

Tax Credit For Downpayment?

2009-06-06T06:42:00.004-06:00

We have heard about this (see May 14 post) coming but there are no specifics yet. FHA/HUD has to agree that certain lenders can loan you the money you would get as tax credit/refund. They need to work out those very tough details. And the current state of affairs with lenders due to their "new rules" about market value and underwriting have created enormous work flow issues.
A client recently figured out he could do it faster and cheaper if his grandma would loan him the $8000 (FHA is OK with that) and immediately after closing amend last year's tax return and get the credit refunded, they say within 12-16 weeks. So in 4 months he can pay back grandma. If you would like to talk further about this, let me know.
Also news: If a buyer has owned a "NON-PRINCIPLE RESIDENCE" like a rental property, but has not lived in it as a principle residence for the last 3 years, they may qualify for the TAX CREDIT as well. I just got this from a loan officer who is working with some clients in this situation and she tells me it is CPA approved. Check with your CPA.

Since 1985 I have been going to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Littleton,a great small town in a big city

2009-06-05T19:11:00.001-06:00

Hunkered DOWN? An "AH-HA" moment

2009-06-03T06:51:00.005-06:00

Now More Than Ever - I need Your Help.
An "AH-HA" moment...
I had one the other day when I realized my friend Tom from Leads Club needed to meet Denver area “BUILDING MANAGERS”. I made some introductions and he got 2 plumbing jobs the 1st day. Since the words "Building Managers" rang in my head there have been 3 more jobs.

Robert had one when his attorney told him “Pete knows more about the foreclosure process than I do”. Robert had introduced me to the attorney who was to help him in his foreclosure. We got his house sold fast and got him the equity he had earned over 10 years.

WHY NOW MORE THAN EVER?
Frankly, it seems that a lot of folks have “HUNKERED DOWN” and decided that moving across Denver now is not a good idea. And they are assuming everyone else feels the same way.
Yet there are folks who need to move. They just need to sell their house. They may have gotten laid off or been transferred to another work location, or they just have too many kids in a 2 bedroom apartment. I really need this kind of introduction now more than ever. There just are not as many of these opportunities as have been in the past. SO please give me a call when you learn of someone who could use my services.

Sometimes these AH-HA moments pop up in conversations or across a crowded networking event. Or in a quiet conversation over coffee, at the neighborhood BBQ, or at a soccer game. Yet invariably they all result in the receiving person being aware of the other person’s needs, and that my skill sets could help them solve a problem they are sharing. Just so you know a great intro to me is "Pete has been a FULL TIME Colorado Real Estate Broker for over 24 years. I will have him call you." Then, please call me with their name and number. Thanks.

Since 1985 I have been going to work for you or your friends, learning about their new home town! Whether it is Highlands Ranch, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Lone Tree, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com if you want a list of my carrot words.

Denver #1 City poised to recover

2009-05-21T06:32:00.005-06:00

I do not often care for Barbara Corcoran, except when she is right.
Today featured her again this week on MSNBC.
As I understand it she has used some of NAR's info from the mid year meetings to help get to these conclusions, at least Denver is Lawrence Yun's favorite too. San Francisco, Raliegh, Austin & Seattle are also favorites.
Here is a recap from the biz journals:
http://www.bizjournals.com/denver/stories/2009/05/18/daily31.html
And here is a link to the show:
http://www.msnbc.msn.com/id/21134540/vp/30825142#30825142
and here are some highlights from Yun's presentation
http://link.brightcove.com/services/player/bcpid22268533001?bctid=23220214001
And here are the slides from his presentation:
http://www.realtor.org/wps/wcm/connect/e74213804e19cdb2b996ffec21680fb0/mym_residential09.ppt?MOD=AJPERES&CACHEID=e74213804e19cdb2b996ffec21680fb0

Let my 24 years of experience can go to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Denver Real Estate Market is SHRINKING! Fewer Deals!

2009-05-19T07:16:00.005-06:00

Over the last 6 months I have been surprised that the market has been much more competitive than in the past 2 years, especially when representing BUYERS in the purchase of their new home. Most Buyers have been required to make offers on more than one home as you will see below. I researched data from each of the south geographic areas of town as defined by the local Denver Multiple Listing Service, Metrolist:

100k-250k Area active/u/c = month's supply (previous month)
(AUS) Aurora South 508/415 1.2 (1.4)
(DNW)Denver Northwest* 125/93=1.3 (2.5);
(DSE)Denver Southeast 257/128=2.0(2.2)
(DSW)Denver Southwest 446/309=1.4(1.85)
(DEP)Douglas County Parker Elbert County 143/94=1.5(1.7)
(DCW)Douglas County Castle Rock West 201/96 =2.1(2.8)
(DHL)Douglas County Highlands Ranch Lone Tree 58/55=1.1(1.2)
(JFS)Jefferson County South 143/108=1.3(1.2)
(SSC)South Suburban Central 171/140=1.2(2.0)
(SSE)South Suburban East 34/24=1.4(3.3)

250.1k -350k active/u/c = month's supply (previous month)
Aurora South 180/72=2.5(4.3)
Denver Northwest* 127/55=2.3(3.3) (not really south);
Denver Southeast 362/147=2.5(3.4)
Denver Southwest 127/33=3.8(4.3)
Douglas County Parker Elbert County 265/95=2.8(3.0)
Douglas County Castle Rock West 239/61=3.9(3.8)
Douglas County Highlands Ranch Lone Tree 236/96=2.5(2.2)
Jefferson County South 193/58=3.3(3.8)
South Suburban Central 137/42=3.3(4.3)
South Suburban East 129/46=2.8(4.0)

As you can see from the previous month's data the inventory of homes available to buy in south Denver continues to shrink. My continued comment is the Denver market is shrinking and there are very few “deals” left. If you want to take advantage of the tax credit, or just make a move, please do not wait. The bottom of the Denver market is behind us.

To see the previous 2 months reports click here for April and here for March.

For "NEW LISTING" statistics by month and year for Denver click here

Click to see Denver Property Sales Data by month and year

Since 1985 I have been working for you and your friends, getting ready to help you learn about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Parker, Denver, Elizabeth, Larkspur, Franktown, Kiowa, or Englewood, Colorado. We offer real estate advice, properties for sale, Buyer Agency, multiple listing service, Seller property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

100% Financing AVAILABLE for Doctors

2009-05-17T13:01:00.000-06:00

A Loan officer recently shared with me that he still has 100% financing available for Medical Doctors. The individual program is not available for dentists, chiropractors, or veternarians, however medical doctors with a letter of employment, or an established practice can get either a purchase money loan or a refinance with ZERO DOWNPAYMENT.

24 years of experience can go to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Use Your TAX Credit as DOWNPAYMENT?

2009-05-14T06:30:00.003-06:00

got this from a Susan Boyette, a LOAN OFFICER, yesterday. She asked you make sure to read the LAST LINE:
Donovan Says FHA to Permit $8,000 Tax Credit as Downpayment
Sorohan, Mike
HUD Secretary Shaun Donovan yesterday said FHA would permit lenders to allow first-time borrowers to use the $8,000 tax credit recently put into law as all or part of a downpayment on a home.

Donovan's remarks at the National Association of Realtors' legislative meeting in Washington represented the second major news announcement for HUD this week; earlier this week, Donovan announced that HUD had withdrawn its “required use” provision in final Real Estate Settlement Procedures Act rules.

“We all want to enable FHA consumers to access the tax credit funds when they close on their home loans so that the cash can be used as a downpayment,” Donovan said. “So FHA will permit trusted FHA-approved lenders and HUD-approved nonprofits, as well as state and local governmental entities to 'monetize' the tax credit through short-term bridge loans. We think the policy is a real win for everyone, ensuring that borrowers can tap into the numerous organizations that are already part of the FHA network to receive this additional benefit.

Donovan cited estimates by the National Association of Home Builders that the tax credit could stimulate 160,000 home sales across the nation, of which 101,000 could be first-time buyers using the tax credit. Another 59,000 existing homeowners could buy another home because a first-time buyer purchased their home, he said.

Donovan said FHA will publish details of the plan shortly

Since 1985 working for you and your friends and neighbors, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Denver is a Seller's Market!

2009-04-15T15:26:00.007-06:00

Last month I did a rudimentary search of homes under contract and active in the south end of Denver including most suburbs. The saying REAL ESTATE IS LOCAL is so true. I did the same search this month but increased the scope a bit...adding another price range. So this month I have 2 sets of numbers for each geographic area of town:

100k-250k
Area active/u/c = month's supply
Aurora South 514/378=1.4
Denver Northwest* 168/66=2.5 (not really south);
Denver Southeast 179/79=2.2
Denver Southwest 325/176=1.85
Douglas County Parker Elbert County 154/90=1.7
Douglas County Castle Rock West 205/73=2.8
Douglas County Highlands Ranch Lone Tree 67/55=1.2
Jefferson County South 123/105=1.2
South Suburban Central 206/103=2.0
South Suburban East 56/17=3.3

250.1k -350k
active/u/c = month's supply
Aurora South 225/52=4.3
Denver Northwest* 138/41=3.3 (not really south);
Denver Southeast 266/77=3.4
Denver Southwest 69/16=4.3
Douglas County Parker Elbert County 270/89=3.0
Douglas County Castle Rock West 232/61=3.8
Douglas County Highlands Ranch Lone Tree 230/106=2.2
Jefferson County South 178/47=3.8
South Suburban Central 129/30=4.3
South Suburban East 151/38=4.0

Once I did the above I started totaling the numbers, just to see how they looked and compared to the MLS download for the same areas. Here is the MLS numbers 1843/1141=1.6 months and for the higher price range 1659/536=3.1 months.

What does all this prattle tell you? Supply is being reduced at a good rate so houses are selling FAST, if you are in the right price range. That means demand is up! Yet things still have not trickled up to the slightly higher price points as yet, so bargains can be had, if you get it done BEFORE the press tells you about it. So hurry and get your home on the market. And hurry to get a good deal. South Denver is a great place to buy right now.

Also note some of these areas do not support lower price points, or higher price points. That is why ALL REAL ESTATE IS LOCAL. Make sure to visit with a "local expert" before buying or selling your home in metro Denver. It would be my pleasure to visit with you.

Since 1985 I have been a full time licensed Colorado Real Estate Broker. Put over 23 years of experience to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at http://www.denverrelocation.com/. Drop me a note to pete@Denverrelocation.com

Denver Business For Sale

2009-03-18T18:37:00.002-06:00

I got this from a friend and a client who is retiring and wishes to sell his business:

Successful recession proof Denver business for sale..I'm having the time of my life as people want to keep and restore their items...but it's my time to fish so I am retiring. Price includes equipment and training. Please visit website to see exactly what it is I do and please only contact if you are serious and have the means to buy a business. http://www.antiqueresstudio.com/business_for_sale_denver.htm

Helping nice folks buy and sell homes in Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado,

Denver home inventory down to 60 days

2009-03-15T08:40:00.006-06:00

VERY interesting real estate trend here:
Residential listings 100k-250k in metro Denver Colorado
AREA active/under contract
South Suburban Central (Centennial Englewood Littleton) 197/91
South Suburban East (Centennial Englewood Greenwood Village) 48/21
Douglas Highlands Ranch (includes Lone Tree) 86/48
Douglas Elbert Parker (Parker Elizabeth Kiowa) 160/89
Douglas County West (Castle Rock Larkspur) 198/59
Denver South East (City Limits SE) 173/64
Denver South West (City Limits SW) 322/152
Jefferson County South (Un-incorporated Jefferson County 132/87

FROM MY PERSPECTIVE, this appears to be a 60 day inventory pretty much across the board in south Denver, if you assume an average of 30 days per closing for each property under contract. I know each area has their own characteristics and I only did this search quite by accident when counseling some first time buyers. Today, I went a little deeper and found that what I am seeing while showing homes is in fact true! So this report comes from 2 levels...gut as in I am seeing this and raw stats from the local MLS feed.

MY CONCLUSION: If you want to make a "deal" do it fast! The inventory of homes available is shrinking. This price point will facilitate buyers moving into higher price points and will be a trickle UP effect! More price point reports later!

Put 23 years of experience to work for you or your friends, learning about Denver! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

CHFA or Colorado Housing and Finance Authority

2009-03-02T08:13:00.004-07:00

Some major modifications to CHFA's programs occurred in the last few weeks that will make it easier for folks with little or no money to put down on a home to be able to buy a house in Colorado. I got this summary from Mark Afman at Universal Lending:

CHFA has basically one program now for both first time and non first time buyers.
The CHFA 2nd for down payment assistance will have the same rate as the 1st mortgage with monthly payments.
The CHFA 2nd is 3% of the 1st mortgage amount.
Buyer is required to put $1000 in to the transaction.
The income limits are now higher for example a 2 person household can make up to $82,500
Minimum fico score of 580
Rates will be more competitive usually around 1/2% higher than the market.

Add this to the TAX CREDIT available to first time buyers And you have a great reason to buy today!

Put 23 years of experience to work for you or your friends! Serving metro Denver, Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

Tax Credit & Economic Stimulus

2009-02-24T15:45:00.002-07:00

The Home Buyers Tax Credit has been both expanded and reduced as a result of the economic stimulus package. Go to www.denverrelocation.com/stimulus.html to see a simplified chart.

23 years of experience can go to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com

First Time Buyer Credit Expanded

2009-02-15T15:26:00.005-07:00

The tax credit for first time buyers has been expanded to $8000 for first homes purchased in before December 1, 2009, and there is a provision where it will not have to be re-paid!
Read More

23 years of experience can go to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com