Chris and Patty Clark
720-231-5200 BROKER/OWNERS Certified Residential Specialists Accredited Buyer Representative Graduate of the Real Estate Institute Master of Real Estate Certified Negotiations Expert Short Sale Foreclosure Resource BUYERS
Why you should not make any Major Credit Purchases*** Don't go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home. Your mortgage pre-approval is subject to a final evaluation of your financial situation. Every $100 you pay per month on a credit payment could cost you about $10,000 in home eligibility. For example, a car payment of $300/month could mean that you qualify for $30,000 less in a mortgage. Even if you have accumulated enough savings, you should consider not making any large purchases until after closing. The last thing you want is to know that you could have purchased a new home had you curbed the urge to spend. SELLERS Making a Good First Impression If you want buyers to be interested in your home, you need to show it in its best light. A good first impression can influence a buyer into making an offer; it influences a buyer emotionally and visually. In addition, what the buyer first sees is what they think of when they consider the asking price. A bad first impression can dissuade a potential buyer. Don't show your property until it's all fixed up. You do not want to give buyers the chance to use the negative first impression they have as means of negotiation. Ask around for the opinions others have of your home. Real estate agents who see houses everyday can give solid advice on what needs to be done. Consider what architects or landscape designers have to say. What you need are objective opinions, and it's sometimes hard to separate the personal and emotional ties you have for the home from the property itself. Typically, there are some general fix ups that need to be done both outside and on the inside. As a seller, you should consider the following: *Landscaping - Has the front yard been maintained? Are areas of the house visible to the street in good condition? *Cleaning or Redoing the driveway - Is your driveway cluttered with toys, tools, trash etc.? *Painting - Does both the exterior and the interior look like they have been well taken care of? *Carpeting - Does the carpet have stains? Or does the carpet look old and dirty? |
WELCOME TO
MORNINGSIDE HOMES HELPING FAMILIES RELOCATE AND FIND THEIR WAY "HOME"
Denver Real Estate Providing Real Estate Services in
DENVER REAL ESTATE,DENVER REALTOR,DENVER RELOCATION,DENVER REAL ESTATE BUYERS AGENT,DENVER RELOCATION,DENVER HOUSING, DENVER METRO AREA, AURORA, PARKER, CENTENNIAL, LITTLETON, LAKEWOOD, WHEATRIDGE, ENGLEWOOD, HIGHLANDS RANCH,LONE TREE,STAPLETON,LOWRY,RURAL AREAS FEATURED LISTINGS
Chris and Patty Clark Metro Brokers/Morningside Homes, LLC 8101 E. Belleview Ave. Denver, CO 80237 (720) 231-5200 Patty's cell (720) 231-5300 Chris' cell (303) 484-5222 Fax Email: Patty@morningsidehomes.com Chris@morningsidehomes.com 
make map larger
SELLERS!
If you're planning to sell your home in the next few months, this FREE service is designed to help establish your home's current market value. Simply choose YOUR HOME VALUE and fill out the requested information.We will use comparable sold listings and what your current competition is to help you calculate the fair market value of your home. We will prepare a net sheet once you determine the price and you will know what your net dollar will be. BUYERS! Automatically receive personalized MLS listings by e-mail. Early each morning we will search the local MLS IDX and find the homes that match your criteria and notify you immediately with the latest listing information!! Simply choose SEARCH FOR HOMES and fill in the requested information. The interest rate is still around 4.5% TO 5.0% and home prices are very reasonable. Maybe "someday we will buy a home" is here now. We will work as Buyers agents to give you the best representation in all aspects of the transaction from the beginning to closing at NO COST to you. BEAUTIFUL COLORADO www.denvercolorado.com  A World of Scenic Wonder Awaits, In a Land Called Colorado From swaying grasslands and red-cliff mesas to glorious Rocky Mountain alpine meadows filled with wildflowers, Colorado creates travel memories that last a lifetime. An annual average of 300 sunshine-filled days gives us our signature blue skies and makes Colorado a great getaway that delivers exhilarating adventure or well-deserved relaxation – but always amid spectacular natural beauty. Our 10 national parks and monuments, 13 national forest and grasslands and 42 state parks provide abundant opportunities for outdoor enthusiasts, whether it’s hiking along vista-laden trails, mountain biking through evergreen forests, fishing crystalline streams, rafting tumbling rivers or photographing our native wildlife. The Centennial State is also rich with cultural heritage found in ancient cliff dwellings, frontier forts, historic railroads, as well as 25 scenic and historic byways. Travelers seeking cosmopolitan Colorado look to our vibrant cities, towns and resorts for superb shopping, exceptional cuisine, cutting-edge art, plus top-notch music, dance and theater. MORTGAGE UPDATE Interest rates are still holding at 4.50%-5.0% for government loans. We are hoping they will continue to stay there. Denver Metro price have increased by 5.8% in the first quarter. Beginning on June 1, 2010 with new applications for a mortgage Fannie Mae wants lenders to verify that borrows have not created any new debt while the loan package is being underwritten. If any changes to the credit report occurs, such as a new credit card account, the loan will have to be resubmitted to the underwriter. Then there is a possible denial of the loan. Underwriters will pull a last minute credit report checking for current credit card bills and minimum monthly payments. The second report will be compared to the first credit report for any changes. They also will be looking to see if there have been any inquires about your applying for additional credit. These inquires will lower the credit score and could put you below the minimum score to qualify for the loan. Points, fees,adjustable rates,fixed rate, amortization, down payment,good faith estimate, escrow and refinancing.. If you are brand new to the home buying arena, then mortgage terminology can be overwhelming until you know what they all mean. Click on the link and you will have new knowledge that can be very helpful to you. realtytimes.com New Homebuyer Tax Starts September 2010 - 08.09.10 And yet another change to FHA. This new "tax" will increase the buyers payments on a $200K house by $43. As FHA sees fit to increase the tax, the amount can reach as high as $152 per month. Looks like FHA needs more money so I'm thinking ease up on the guidelines so more 1st time home buyers can get FHA loans. Is that too hard to understand? This video explains it all in easy terms we can understand. www.thinkbigworksmall.com When filing your taxes the IRS could have questions about the tax credit you received. Read the following article for more information. www.realtor.org METROLIST UPDATE July metro home sales drop 26.6% compared with 2009 By Margaret Jackson The Denver Post Posted: 08/11/2010 01:00:00 AM MDT www.denverpost.com The number of homes sold in July in metro Denver plunged 26.6 percent compared the same a year ago , according to data released Tuesday. There were 3,259 homes sold in the metropolitan area last month, compared with 4,440 for the same period in 2009, according to Metrolist data. The decline comes during a month that historically is the premier month for home sales. "Consumers lost focus on the home purchase this month," said Gary Bauer, an independent real-estate analyst. "Even though we got the best interest rates in history, it's still very difficult to get a loan, and consumer confidence has decreased because of the focus on jobs, the economy, taxes and everything else." The now-expired first-time-buyer and move-up-buyer tax credits also have affected home sales, stealing demand from the second half of the year. Home purchasers had until the end of April to put a home under contract to qualify for an $8,000 federal tax credit for first-time owners or a $6,500 tax credit for move-up buyers. "We had some really robust sales activity in the first half of the year, and now we're suffering the fallout from that," said Lon Welsh, managing broker of Your Castle Real Estate. Even though the total number of homes sold this year is up 1.9 percent compared with the same period a year ago, Welsh said he wouldn't be surprised if sales volume for 2010 is lower than it was last year. "The first round of the tax credits were in the fourth quarter last year and stimulated demand and prices," Welsh said. "We won't have anything like that." Meanwhile, the median price for a single-family home was up 4.4 percent in July to $240,000, compared with $229,900 for the same month last year. The median price for a condo, however, declined 11 percent to $129,000, compared with $145,500 in July last year. "Prices (for single-family homes) are still up," Bauer said, "but that is just because historically, July is the move-up month. That's when people are moving up for their families." Margaret Jackson: 303-954-1473 or mjackson@denverpost.com 
 www.linkedin.com www.trulia.com |
