There are 4 blog entries for March 2010.
Wednesday, March 24th, 2010 at 5:18pm. 567 Views, 0 Comments.
It appears that the market is certainly picking up as the big deadline for the Tax Credit approaches. In the past week, I have had three separate buyers have to deal with a multiple offer situation on the house they fell in love with. Two of these homes had been on the market for about a month and another for 3 months!
What does this mean? It means that spring is upon us and people are getting out shopping again. But it also is reminiscent of last October when we thought the Tax Credit was going to expire in November. Already I am seeing the same trends develop and buyers procrastinating on their home search. I found this great article on how to best prepare to find a home in April, and most importantly, see this home close so you…
Friday, March 19th, 2010 at 2:54pm. 509 Views, 0 Comments.
I recently attended a real estate investor meeting regarding buying foreclosures for fix and flips. It was a packed room. As I scanned the faces in the room, I tried to determine how many people were actually investors. The few I spoke to were other agents, financing and loan originators, or contractors. By the nature of the questions to the presenter, there were a number of participants who knew little of the process but eager to learn how they could profit as well.
The continual popularity of Do It Yourself shows on cable channels proves there is a bit of Bob Villa in all of us. The words “Your can do it, we can help” created a confidence in American consumers that they just need to ask any expert in an orange apron and perfection in…
Friday, March 19th, 2010 at 2:48pm. 563 Views, 0 Comments.
While our family was in London last month, we had the opportunity to visit with many of my husband’s overseas friends and family, and I found it really interesting that several of them mentioned the 16th Street Mall when relating their experiences visiting Colorado. Obviously, the mall makes an impression on visitors, especially those who spend some time exploring downtown on foot. As a long-time resident, I never really give the mall a second thought - sure, if I’m downtown I might hit one of the restuarants on the mall for lunch or happy hour, but I have to admit that I tend to gravitate toward the independently-owned restaurants Uptown or in Riverfront because parking near the mall is such a pain. It would be different if I worked nearby…
Friday, March 19th, 2010 at 2:42pm. 462 Views, 0 Comments.
1) The first-time buyer and move-up buyer credit deadline is looming, you need to be under-contract by April 30th to take advantage of FREE money.
2) Interest Rates – still hovering around 5% , but experts agree they have no where to go but up.
3) FHA financing is readily available and requires only 3.5% down.
4) There is a 0% down (that’s right I said ZERO) program available for those that qualify, and it is a good loan with no MI which will save you a lot of money.
5) The Up-Front-Mortgage-Insurance premiums which are very common for FHA loans will be increasing from 1.75% to 2.25 on April 5th, so it will cost you more to get an FHA loan.