Buyers

Take these ideas into account when deciding whether to buy or rent your next home... The average stay in a home is seven years. Renting for a longer period of time becomes financially irrational. The longer you rent without buying, the more money you lose. If you can come up with a down payment, buying is the better choice for most people. However, if ...

Always consult an expert on taxes before you make financial decisions based on tax deductions or tax laws as they change very often. Some Newer Tax Benefits A new law allows married taxpayers filing a joint return to exclude up to $500,000 of gain on the sale of their principle residence. Single taxpayers can exclude up to $250,000 of gain. To qualify for the ...

and Its Importance in the Bond Market In years passed a borrower would visit their local savings and loan to obtain a mortgage. The Loan Officer at the bank would approve the mortgage and fund it with cash reserves from the vault. This system worked well until the bank ran out of money to lend. Borrowers came to the S&L looking for a loan ...

Acquiring money for financing real estate is so important and can cost you thousands if you are not in the right hands. I have often shook my head in disbelief as I watch some buyers come to closing paying thousands more than the going market rate for interest and closing costs. If you have come across loan fraud: Report Loan Fraud in Colorado Shop ...

A simple calculation lets you know in which price range you should be looking. Your debt-to-income ratio will determine the highest loan you should apply for in purchasing your next home. Take into account two ratios, front end and back end, alongside your monthly gross salary (before taxes) to calculate your loan amount. The first, or front-end ratio, has to do with your housing ...

History Until 1994, all brokers in Colorado were deemed to be either the agent (or sub-agent, if working with the buyer) of the seller. For lots of legal reasons, this exposed both sellers and brokers to unreasonable liability, while providing that the buyer would not be represented in the transaction. In 1994, Colorado created alternative working relationships for the public in working with real ...

Have a laugh at the following "creative" descriptions used by Realtors in describing their listings... Since listing agents represent the seller, they sometimes tend to be a little "creative" in the wording of home descriptions they are selling. We thought it would be helpful to include our interpretation of alternative possible meanings to some commonly used phrases listing agents might use: "No neighbors behind" ...

Right Now: Continue to work with your lender to get your loan approved. Be sure all the documentation requested, no matter how trivial it may seem to you, is given to the lender immediately. If you are the cause of failing to get loan approval, it could be the reason for the seller to keep your earnest money. Contact a qualified home inspector to ...

With the busy real estate season beginning, we thought this would be a great time to pass along some helpful hints and friendly reminders of a few small things you can do to help assure a great closing. O & Es It only takes a minute to call for a free verbal O&E prior to doing a listing. This assures that all parties in ...

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