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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? |
Real Estate News
Today's Real Estate News and AdviceUpdated: September 3, 2010Modest Inflation Expectations Allow Mortgage Rates to Once Again Set New Record Lows Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS), and for yet another week, fixed-rate mortgages reached record lows, as did the 5-year adjustable rate in this survey. FULL STORY-> The Law of Difficulty The Law of Difficulty basically says this: The harder the task, the fewer the people who will try to accomplish it. FULL STORY-> Clean Crawlspace May Increase Home Sale The name makes it sound like a place that you crawl in; however, most of us would probably rather pass on the crawl or even a walk-through of this area because of the lack of cleanliness. A crawlspace is typically a shallow area beneath your home between the soil and first floor. It can be very useful and even enticing to buyers if it’s kept up. On the other hand, a crawlspace can become a refuge for unwanted creatures, fungus, and termites. FULL STORY-> Most Homebuyers Have No Regrets Even in the face of stagnant - or sliding - home prices, an overwhelming 90 percent of homeowners say they don't regret buying their current home, according to a new study by Bankrate, Inc. FULL STORY-> Maintain an Organized Entryway The goal of homeowners everywhere should be to have not only functional, but beautiful entryways. FULL STORY-> HOA Crystal Ball It doesn't take a fortune teller to predict that common elements are going to wear out and it doesn't take a crystal ball to predict that HOAs are going to need money and a plan to fix them. So why do so many HOAs fail to properly plan for these predictable events and expenses? FULL STORY-> HOA Crystal Ball It doesn't take a fortune teller to predict that common elements are going to wear out and it doesn't take a crystal ball to predict that HOAs are going to need money and a plan to fix them. So why do so many HOAs fail to properly plan for these predictable events and expenses? FULL STORY-> Most Homebuyers Have No Regrets Even in the face of stagnant - or sliding - home prices, an overwhelming 90 percent of homeowners say they don't regret buying their current home, according to a new study by Bankrate, Inc. FULL STORY-> Maintain an Organized Entryway The goal of homeowners everywhere should be to have not only functional, but beautiful entryways. FULL STORY-> Disgruntled Short Sale Buyers Moving To "New" Homes Columnist David Fletcher talk about competitive prices, dependable closings, and less stressed reasons for a move. FULL STORY-> Making The Case For Lost-Property-Value Claims In The Gulf Oil Disaster Zone Real estate properties along the Gulf Coast oil disaster zone are expected to suffer value losses ranging from 10 to 30 percent or more, but some efforts are afoot to help property owners mitigate those losses. FULL STORY-> Rural Housing Incentives The landscape of American has changed over the years. As population levels grew, so changed rural and urban demographics. FULL STORY-> Saving for a Home in Canada For most Canadians, a home is much more than a financial investment -- it's a lifestyle choice. If you're ready to get into the real estate market but don't know if you can afford it, here's what you need to know. FULL STORY-> When Should an HOA Be Able to Restrict an Owner's Right to Rent Out His Unit Is it fair for an HOA (Homeowner Association) to prohibit or restrict a unit owner from renting out his property? Should there be a law about this? In California, these issues are currently being argued in both the legislature and the courts. In some other states the issues may already be settled; in others the debate is no doubt going on. FULL STORY-> American Savings It's a trend that started decades ago. Even former President Jimmy Carter, in his 1979 "Malaise" speech, warned of its effects if Americans continued on their path. FULL STORY-> Real Estate Outlook: Mixed Figures With sharp drops in sales of existing and new homes plastered over the front pages and leading the nightly newscasts, it's no wonder the real estate doomsayers on Wall Street have been working overtime. FULL STORY-> More Real Estate News and Advice... |