When a Real Estate Agent buys a home
April 30, 2008 by Mike Whalen · 3 Comments
My wife has a favorite saying, “Move is a 4-letter word!” Why in the world would someone purposely decide to compress their entire life into a stream of boxes and then carry all those boxes somewhere else? So from that starting point we have come to the conclusion that we are outgrowing our 2-bedroom condominium [...]
The Appraisal Over-Reaction!
April 29, 2008 by Bob Schenkenberger · Leave a Comment
Regulators are coming up with a proposal that will change some rules regarding appraisals as part of a settlement agreement between the Attorney General of New York, Fannie Mae, and the Office of Federal Housing Enterprise Oversight (OFHEO). Although these “rules” will not become Federal Law, or Regulation, they will basically have the same effect. [...]
Denver Real Estate – Main Stream Media – 4-28-2008
April 29, 2008 by Bob Schenkenberger · Leave a Comment
Today from the Rocky Mountain News Denver home prices fell 5.5 percent over the 12-month period that ended in February, which is less than half the 12.7 percent drop from 20 cities in the much-watched S&P/Case-Shiller National U.S. Home Price Index. View article… Once again, as we’ve commented here many times, we may not be [...]
Denver Real Estate’s Buyer’s Market…A New Definition!
April 28, 2008 by Bob Schenkenberger · 3 Comments
In terms of Denver, Colorado Real Estate, there may be a new definition to “Buyer’s Market.” The typical definition of a “Buyer’s Market” is one that says the conditions of the market place are more favorable to the buyer than the seller. With the number of foreclosures still hitting the market, the mass amounts of publicity [...]
Home Won’t Sell? Don’t Rent It, Stage It!
April 28, 2008 by Elaine Manes · 2 Comments
You may have seen this in your neighborhood. A “for sale” sign goes up in a yard, and after a long period of time, you notice it’s gone. Thinking that the home sold, you are then surprised to see a new sign go up, “for rent”. As “days on market” figures continue to climb and [...]
Denver Mortgage Rate Update 4-23-2008
April 23, 2008 by Bob Schenkenberger · Leave a Comment
Here are current mortgage rates for the Denver Metropolitan area. These rates change constantly, so they are subject to change. I will post new rate information if these figures increase, or decrease dramatically. Conventional 30 year fixed: 5.75% FHA 30 year fixed: 5.75% VA 30 year fixed: 5.75% 5 year interest only arm: 5.75% Jumbo [...]
Colorado Politicians Pushing Foreclosure Hotline
April 21, 2008 by Bob Schenkenberger · 1 Comment
I wanted to pass along this great article about Colorado Foreclosures from the Rocky Mountain News. Governor Bill Ritter and Senator Ken Salazar are urging Colorado Homeowners to use the free counseling hotline for those in the danger of Foreclosure. The hotline connects homeowners with about a dozen nonprofit counseling agencies. Since October of 2006, [...]
Selling Your Home? Throw a Party!!!
April 21, 2008 by Elaine Manes · Leave a Comment
Are you confused by all the advice you read about how to prepare your home for the market? I have come up with a very simple concept that most everyone can follow. Prepare your home as if you were throwing a party. Think about the steps you take when you entertain, and consider the buyers [...]
Denver Metro Area Market Stats – March 2008
April 18, 2008 by Bob Schenkenberger · Leave a Comment
Here are some recently compiled market stats for March 2008. My market area is the South Metro Denver cities, including Denver, Centennial, Greenwood Village, Cherry Hills Village, Englewood, Littleton, and Highlands Ranch. Big Picture (Covering the Entire Metro Denver Area) The figures are for single family residential properties only, and Do NOT include Condos, Land [...]
Annual Mortgage Reviews Bring Borrowers Closer to Achieving Financial Goals
April 18, 2008 by Bob Schenkenberger · Leave a Comment
Yearly reviews are a great way to keep on track with your financial goals. You’re probably already meeting with your financial advisor and other asset manager for quarterly or annual reviews, and you should do the same with your Mortgage Planner as well. An annual mortgage check-up is an ideal way to make sure your [...]