FHA Increases Fees to Save Programs?
August 10, 2010 by Bob Schenkenberger · 1 Comment
It’s no secret that the housing crisis has strained Fannie Mae, Freddie Mac and the Department of HUD. So, congress just passed H.R. 5981. This bill gives FHA the authority to adjust its mortgage insurance rates to increase funding to the FHA Mutual Mortgage Insurance Fund. This move will immediately begin to yield $300 million [...]
Denver Real Estate Market Statistics April 2010
May 12, 2010 by Bob Schenkenberger · Leave a Comment
As a quick recap, while individual areas vary, April, 2010 combined MLS Residential Statistics had a number of positive indicators compared to April of 2009. Increase in the Number of Closed Sales to 3,308 (up 22.2% for the month) Average Days on Market reduced 22.5% to 79 days Number of Active Listings increased 1.3% to [...]
Get Home Denver’s new Home Search and iPhone app
May 3, 2010 by Bob Schenkenberger · Leave a Comment
In an ongoing effort to provide you with unparalleled service I am now able to offer you access to the most comprehensive and intuitive, home-search website and integrated iPhone App on the market. Hosted by a new service called iRealty, both my Property Search and iPhone App utilize data directly from the multiple listing service [...]
Tax Time and the Home Buyer Tax Credit
January 20, 2010 by Bob Schenkenberger · Leave a Comment
With tax time upon us, I wanted to share the IRS form that is required to get your credit. IRS form 5405 is what you’ll need to attach to your tax return to claim the credit. Please consult your tax professional for any tax advice regarding this, and if you need a tax pro, shoot [...]
Maximize the Value of Your Offer
December 7, 2009 by Bob Schenkenberger · Leave a Comment
When negotiating a purchase, instead of asking for a reduction in sales price, consider asking for that money in seller concessions. It is a wash either way for the seller, and it could save you considerable money on your monthly payment. Let’s assume a $250,000 listing price, 20% down payment and a 30 year fixed [...]
New and Improved Home Buyer Tax Credit
November 13, 2009 by Bob Schenkenberger · 1 Comment
The home buyer tax credit has been extended, and modified to increase the number of people able to take advantage. Home buyers now have until the end of April, 2010, to have a contract on a home. The closing of the contract must be before July 1st, 2010.
In addition to extending the deadline, current homeowners can also get a credit of $6500 if they choose to purchase a new primary residence.
The Get Home Denver Team Expands
November 1, 2009 by Bob Schenkenberger · 1 Comment
With the addition of Joe Koslosky, the Get Home Denver Team continues to expand and increase the services offered to our clients. Joe brings over 15 years of experience in residential sales, land acquisition, and commercial development and leasing. In addition to increasing our ability to service the residential real estate needs of our clientele, [...]
Tax Credit Extension a Gamble?
September 18, 2009 by Bob Schenkenberger · Leave a Comment
Talk about extending the $8000 first time home buyer tax credit is heating up. With the December 1st deadline, quickly approaching, there is legislation in both the Senate and the House that would expand the tax credit.
A proposal by Sen. Johnny Isakson, R-Ga., would raise the credit amount to a maximum of $15,000 for any buyer, of any home, over the next year. Additionally, it would remove the income caps of $75,000 for individuals and $150,000 for couples, that currently apply.
Using Self-Directed Retirement Plans to Buy Real Estate
August 28, 2009 by Bob Schenkenberger · 2 Comments
A growing trend is developing where investors are seizing the opportunity created by the nationwide housing slump. The trend is using IRA monies to buy these homes! This strategy could be a perfect fit for your portfolio woes. The IRS allows all types of real estate to be purchased by an IRA. Including single family, [...]
