First Time Home Buyer Tax Credit Video

To see First Time Home Buyer Tax Credit guidelines, click below.



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Tips for a First Time Home Buyer

Looking at more than 7 to 8 homes in one day will begin to send your brain on overload.

Most motivated home buyers will find a home they like within two weeks of searching the home market. A lot of home searches today begin on the internet. Some say as high as 80 percent of home buyers start on the internet.

With the technology and tools that are now available on the internet, it’s so much easier to narrow your search down before you ever get in your car to start driving to the homes. Things like virtual tour, google earth and videography allow you to

eliminate some homes without wasting a lot of time driving around.

To help expedite your home search process, it’s a good idea to define your goals and search criteria.

Questions like:

· What type of neighborhood do I want to live in?

· What school district is appealing to my family?

· How far do I want to commute?

· How much living space is needed?

Knowing your needs before you set out on a house hunting expedition will help you make a good home selection. Set realistic expectations when you start out to look at homes with an agent. Looking at more than 7 to 8 homes in one day will begin to send your brain on overload.

Things to take with you on the house hunt:

1. Digital camera

2. Notepad – “Take Great Notes!”

a. Neighborhood highlights

b. Unique things about the home

c. Pros /Cons of the home

3. Give the home an overall score when you leave the house

When you find a home that is fits you and/or your family’s needs, buy it! Don’t hesitate!

Visit our website today @ http://www.real-estate-denver-colorado.com/

Things to Avoid in a Short Sale

When managing a short sale home, there are a few pitfalls and things to avoid.

It’s important to request the existing lender’s information and request the loan number and bank info on a short sale home. As soon as you can, request the payoff information. Some lenders provide a short sale package. It’s a good idea to request this information if available.

When handling short sale home, there are a few pitfalls and things to avoid.

Things to Avoid in a Short Sale

1. If the seller has a FHA loan, do not advise the seller to move out. It’s a good idea for the seller to stay in the home.

2. Don’t promise unrealistic time deadlines.

3. Don’t spend money on an appraisal until the lender has approved the short sale.

4. Don’t send an incomplete short sale package to the lender. There is a good chance it will get thrown out of the pile of considered offers.

Short Sales are more complex than normal real estate transactions. It’s important not to make false promises about the short sale process.

If your offer is rejected by the lender, don’t give up on the process. Many times you can resubmit the same offer. Sometimes lenders will do what’s necessary to avoid foreclosure, so they might consider your offer the 2^nd time.

The real estate industry will be dealing with short sales for many months to come. It’s important to learn about things to avoid.

Visit our website today @ http://www.real-estate-denver-colorado.com/

Tips To Help Avoid Foreclosure

Foreclosure is the legal process followed when an owner’s right to a property is terminated. The property is usually sold in a public auction. The money received from the sale is applied to the mortgage debt.

If a property owner is not able to make their mortgage payments, it’s important that they contact their lender as soon as possible. If the lender postpones the foreclosure to give the borrower more time to make up a payment, this is known as forbearance. The right of the property owner to pay off the amount owed and redeem the property is known as the right of redemption.

A preforeclosure sale is a procedure that allows the borrower to sell the property for less than the outstanding balance of the loan.

If you are having problems making your house payment, don’t ignore the issue! Be proactive and protect your credit as best you can.

Tips to help avoid foreclosure

1. Pay attention to letters from the lender

2. Contact your lender as soon as possible

3. Open letters from lender and respond to their requests

4. Know mortgage rights

5. Pursue options like short selling your home

6. Utilize any assets your might have to prevent the loss of your home

7. Be careful of foreclosure prevention companies that charge you money.

If you are interested in talking to someone further about this topic, call David Ruch at (303) 840-9252.

For more info see: http://tr.im/RxEM

Visit our website today @ http://www.real-estate-denver-colorado.com/

Short Sales in Colorado

A short sale is when a lender is willing to accept less than what is owed against real property and helps the homeowner pay the bank off and avoid foreclosure.

If you are late on your mortgage payments, its better to short sale your property and avoid foreclosure. Lenders are working more now with borrowers faced with financial problems and will discount the payoff of the home. Lenders would prefer to settle with you versus having to foreclose on your home.

As you are attempting to sell your home, keep in mind your lender wants to limit loss on your mortgage loan. It is better for both the home owner and lender to short sale the home versus facing foreclosure. It will limit the loss for both parties. It can cost the lender as much as $30K to $50K to foreclose on a home.

As you face a Short Sale as a seller, you should not have any extra costs as the mortgage holder pays sales costs. These sales costs include commission, title, escrow and approved property repairs. If you are facing a short sale, call us today. We can help you through the short sale process.

When the mortgage company is looking at reasons for financial hardship, below are some of the legitimate reasons:

1. Job Loss
2. Illness impacting ability to work
3. Injury
4. Divorce

Its important to work with someone with short sale experience. Lenders will not approve all short sales. You can pre-qualify for a Short Sale, call us today (303) 840-9252 or emailing us at info@real-estate-denver-colorado.com.

Visit our website today @ http://www.real-estate-denver-colorado.com/

Great Home in Commerce City

Commerce City is ranked the 2nd fastest growing city in Colorado by Forbes magazine. The population is around 42,500 people. Commerce City offers dining, entertainment, and shopping.

Commerce City is nestled between Denver International Airport and downtown Denver. It is a hub for Denver commerce.

The Rocky Mountains are a short hour away.

New Millennium Homes recently listed this great home in Commerce City. It's features include:

Air conditioning,Ceiling Fan, Double Pane Windows,Formal Dining,Garage Dr,Gas Logs,Great Room, Landscaped Pro, Newer Carpet,Newer Paint,Refrigerator,Smoke Free, Sprinkler,Tile Floor,Utility Shed,Vaulted Ceiling,Window Cover,Walk-In Closets,Water Purifier, and Water Softener.
	Amazing home. Upgraded everything! 42" cabinets, wood blinds, tile, carpet. Great Room with Fireplace. Beautiful yard with shed. 3rd bedroom could be study.Super clean. If you are in the market for a new home or are a first time home buyer, let our one stop shop help you find the right home for you. Visit our website today @ http://www.real-estate-denver-colorado.com/