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How to Save for a Down Payment on a home

Saving for a Down Payment on a home seems like a daunting task. But as with all daunting tasks, breaking it down into different steps helps. 1) Decide how much home you can afford - there are lots of online calculators that are helpful for this ...

Posted by: Vickie Hall
Category: Real Estate
Date: 2018-01-13 01:33:52



Denver homes frequently sold above asking price in 2017

You keep hearing about how competitive the Denver metro area real estate market is for buyers. We talk about homes receiving multiple offers the first weekend it's on the market. Now we have some statistics to back that up. According to Zillow, 39...

Posted by: Vickie Hall
Category: Market Trend
Date: 2018-01-13 01:06:15



4.5% mortgage interest rates in 2018?

Three major real estate giants are predicting mortgage interest rates to increase past 4.5% during 2018. We have certainly been spoiled with such low mortgage interest rates for so long. But will that now become history? Mortgage Bankers Associati...

Posted by: Vickie Hall
Category: Real Estate
Date: 2018-01-06 02:34:01



Not Buying a Home is Millennial's single biggest mistake

Self made millionaire, David Bach, tells Millennials that not prioritizing home ownership would be their single biggest mistake. He goes on to state that "...the average homeowner to this day is 38 times wealthier than a renter". He says that buyin...

Posted by: Vickie Hall
Category: Real Estate
Date: 2018-01-06 01:47:09



Higher Mortgage Loan Limits coming next week

Fannie Mae & Freddie Mac Mortgage Loan Limits are increasing approximately 7% effective Jan. 1, 2018. The new loan limit is $453,100, up from $424,100. FHA pegs their loan limits to Fannie & Freddie's loan limits. Any mortgage above those limits a...

Posted by: Vickie Hall
Category: Market Trend
Date: 2017-12-30 06:31:46



Will the newly passed tax law cause home prices to decline?

Good news. Colorado is not a high tax state on either the east coast or the west coast. Lawrence Yun, chief economist for National Association of Realtors, is predicting about a 5% home price decline for high tax states on both coasts. This is bec...

Posted by: Vickie Hall
Category: Real Estate
Date: 2017-12-30 05:51:42



Real Estate Investing: Traditional vs. Airbnb

Some might say comparing an Airbnb listing and a traditional property are poles apart since one is a service and one is a product. But it is a hot question right now among interested investors. Which real estate investing strategy is better? Which is...

Posted by: James T. Wanzeck
Category: Real Estate
Date: 2017-12-27 03:30:40



New Tax Bill Retains tax break for Home Sellers

One of biggest benefits for home owners and sellers is the ability to exclude $500,000 ($250,000 for single filer) profit from capital gains tax if they have lived in their home for 2 out of 5 years. There was talk about changing that time period in...

Posted by: Vickie Hall
Category: Real Estate
Date: 2017-12-23 02:43:49



Tax Law Keeps Most Real Estate Interest & Property Tax Deductions

Everyone is wondering how the new tax law that was signed yesterday will affect them personally and specifically on real estate. It's still early in the tax plan analysis, but CNBC has this analysis: -Mortgage Interest Deductions will be capped at ...

Posted by: Vickie Hall
Category: Real Estate
Date: 2017-12-23 02:13:48



The Santa Tracker and NORAD story

There is such a fun story behind the history of NORAD's Santa Tracker. In 1955 a Sear's advertisement had a typo for a Santa hotline. The incorrect phone number actually went to a secret red phone hotline at CONAD in Colorado Spring, the precursor ...

Posted by: Vickie Hall
Category: Event
Date: 2017-12-22 02:05:00



How does the Feds raising interest rates affect mortgage rates?

Mortgage interest rates are not directly tied to the Federal Funds interest rates, but mortgage interest rates are frequently affected by what the Feds do. The Feds voted Wednesday to increase the interest rates by 1/4%. But it appears that the int...

Posted by: Vickie Hall
Category: Market Trend
Date: 2017-12-16 04:45:03



Home Buying - Read and Understand the Contract

This article has the regular advice on things to do before buying a home. But it also adds one important step - read and understand the offer contract. The Colorado Real Estate Commission approved contract (that all Colorado Realtors must use) is 1...

Posted by: Vickie Hall
Category: Real Estate
Date: 2017-12-16 04:07:22



Remax Masters Millennium Christmas party!

I had a great time at the Christmas party yesterday with the Wanzeck brothers and the lovely Miss Jaime Lee! Happy Holidays everyone!...

Posted by: Jenna Leeder
Category: Event
Date: 2017-12-14 01:23:20



Home Defect Warning Signs

When you are starting to look at homes, besides looking at the neighborhood, floor plan and upgrades, you should also watch for these possible home defect warning signs: -Overpowering scent (bad scent or even good scents) -Poor tile job -Major c...

Posted by: Vickie Hall
Category: Real Estate
Date: 2017-12-09 08:23:11



Denver metro average rental & vacancy rate

Slightly good news for renters. The average Colorado multi-family vacancy rate has increased slightly from 4.9% in the 2nd quarter to 5.1% in the 3rd quarter. And the average Colorado multi-family rent has decreased slightly from $1,356 in the 2nd ...

Posted by: Vickie Hall
Category: Real Estate
Date: 2017-12-09 08:06:41



Buy a home? Or Rent a home?

The $100 question... Should you continue to rent? Or buy a home? As more households are renting now than any time in the past 50 years, here's three questions you should ask yourself before making a decision: 1) How long do you plan on staying in...

Posted by: Vickie Hall
Category: Real Estate
Date: 2017-12-02 07:27:55



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