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My Client Asked Me

How does Denver's economy compare to other states in the country?

How does the Denver economy stack up against other states in the country? It is a question that I recently encountered during a trip to Europe. I know, it is a funny question to come up on a European vacation, so let me explain. On the trip, I met a lot of other Americans, Canadians and obviously, Europeans. After talking for awhile, it [...]

Besides my down payment, how much money do I need to buy a house in Denver?

Besides my down payment, how much money do I need to buy a house in Denver now? This is a great question, especially for a first time buyer to ask. The answer is, not as much as you think. On average, most buyers are going to be looking at 3.5% of the purchase price for down payment. That is a set in stone number you can anticipate up front, [...]

Is now a good time to buy a short sale in Denver?

Is now a good time to buy a short sale in Denver? In the past few years, the term short sale has become very popular in the Real Estate world. Some love the term and have been able to get some terrific deals buying and selling via short sales. And others curse the term after spending months working on getting a short sale sold to no avail. [...]

Can I really buy a house in Denver for less than I am paying in rent?

It sounds too good to be true, but can I really buy a house in Denver for less than I am paying in rent? With these interest rates so low right now, the answer more often than not, is in fact, yes, you can buy for less than you are paying in rent. How could this be you ask, it all has to do with the interest rates and prices being so [...]

I'm buying a house in Denver. Do I need to worry about the FHA Anti-Flipping rule?

I'm buying a house in Denver. Do I need to worry about the FHA anti-flipping rule? The answer to this question I am learning is much deeper than it appears. As of last year, I would have said yes, you do need to be cautious of it. Now, I would say no. But after today, I have learned that the answer is still yes. Confused yet? You're not the [...]

Does Low Interest Rate Make a Difference?

Late last year and early this year there was a lot of press about the $8,000 Tax Credit for home buyers. After that expired you might have felt like you missed a great deal and decided not to buy. Believe it or not, interest rates are so low right now that you can save more in the first five years of owning a new home than you could have [...]

Missed the $8,000 tax credit? Good news. These low interest rates can save you three times that much!

Did you miss taking advantage of the $8,000 first time buyer tax credit in April? While it certainly was a great deal that would have been nice to take advantage of, don't sweat it too much if you did. With the insanely low interest rates available right now compared to when the tax credit was in effect, you can save more than three times as [...]

How does the foreclosure process work in Denver?

How does the foreclosure process work in Denver? It is always a tough call to receive, the last thing as a Realtor I want to hear is that one of my past clients has fallen behind on their mortgage payments and is thinking they will have to let their house go to foreclosure. It is rather a long process that luckily gives the sellermany [...]

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