File this under the "There Ought To Be a Law" category. A client of mine closed on the sale of his property on Thursday. He took his proceeds in the form of acashier's checkfrom the title company to his bank on Friday. (I won't say which bank it was, but it rhymes with "base".) The bank told him that he would not have access to these funds
[...]What type of deductions can I get now that I own a Denver home?Since tax season is upon us, this question will come up more and more often in our office. And while we aren't tax professionals, can't give tax advice and will always recommend you speak with a CPA about tax matters, there are some pretty common tax deductions available when you [...]
I want to buy a home in Denver. Is getting an Adjustable Rate Mortgage (ARM)a good idea? ARMs certainly have a bad reputation right now, and in many ways, deservedly so. ARMs accounted for 70% of all mortgages issued during the boom and have been blamed by many for the bust. But now it appears that ARM's are making a comeback and Freddie Mac [...]
Now that the Denver real estate market is leveling out, or at least seems to be, I've had a bunch of people ask to start looking at houses - mainly fix-up properties. They have different intentions for the properties - they want to find a great deal and fix it up for their family to live in - they want to find an absolutely killer deal, fix [...]
Are interest rates really in the 5% range again in Denver? The truth is sadly,yes. While rates have crept down a bit the past few days, I spoke with three lenders last Thursday who were quoting 5.125 to 5.25% for a thirty year fixed rate for buyers with excellent credit. Unfortunately, the days of high 3% rates are more than likely gone. The [...]
So what will the New Year look like for the Denver Real Estate Market? From everything I have heard and all the expert predictions, we are going to see a marked improvement over 2010. I have already seen business increase despite the "slow" time of year with people positioning themselves to make a move come January. [...]
A couple of weeks ago, I attended a presentation by Dr. Lawrence Yun. Yun is the Chief Economist for the National Association of Realtors. Chances are if you read or hear anything in the national or local media about Real Estate, it will contain a quote from Dr. Yun. He's the œgo-to guy for policy makers and media [...]
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