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Divorce And Children: 10 Random During & After Divorce Tips

2011-07-17T14:05:00.006-06:00

Divorce And Children - 10 Random During-And-After Divorce Tips

For Parents Wanting To Nurture The Healthiest Kids, Post-Divorce

1. Don't shortchange your children by getting into another relationship too soon. Focus on your kids and their needs first. This is your highest priority.

2. Become involved in your children's schooling and social activities. Athletics, clubs, scouts, music, are all excellent opportunities. You'll make great friends and your kids will enjoy the participation and your support.

3. Take your children to the library often. Teach them how to prioritize their studies, and show them they can still have plenty of time to participate in all the extracurricular stuff. In time, you'll notice positive results in their study habits and their confidence.

4. If you have the option of choosing or changing visitation-parenting time, choose some weekdays and not just weekends. This schedule will help you contribute and make deeper connections to your children insofar as their school lives are concerned.

5. Avoid the phone for communication with your ex. Use alternatives like email, perhaps. Always compose yourself before you write, and this should help lower everyone's stress, kids included.

6. At every opportunity seek more 'parenting time' with your children, even if it requires modifications to court orders. Years later, your children will appreciate that you tried to do all you could to be highly involved, and be one of their most significant role models.

7. Avoid litigation and pursue mediation whenever possible. Aggressively pursue mediation over all significant disagreements. Do not be misled into routine or costly litigation, because both ex's and the children rarely benefit. From personal experience, divorce attorneys will not always level with you about the cost of litigating disagreements, and the courts will often allow the attorneys to profit from your misery for as long as possible.

8. Ignore the negative things said about you by judges, lawyers, children's advocates, custody and mental health people. These practitioners really don't know you, or understand all the needs of your children, in spite their methods and their credentials.

9. Try to take the high road in dealing with the legal system. Do your best, but swallow your pride when you have to. The misery can be awful in the moment, but time heals everything and makes you stronger.

10. Let your kids know you are ok. They worry too.
These before and after tips have helped my children and I overcome a trying divorce, and make the most of our post-divorce lives. It is my hope that some of the tips may help make a difference for you and your children!

RELATED ARTICLES
Divorce And The Home

If you need the assistance of an experienced Denver real estate professional, I can help.

Originally posted at: http://activerain.com/blogsview/1601956/divorce-and-children-10-random-during-and-after-divorce-tips

HUD Discontinues $100 Down Program

2011-01-15T12:05:00.010-07:00

HUD Homes - $100 Down

Effective Immediately! HUD Has Discontinued Their $100 Down Program

We have just received word that HUD has discontinued the $100 down program, unless the buyer qualifies for "Good Neighbor Next Door" financing. Existing contracts that have already been approved for $100 down, will be honored.

Contact Us For The Latest Guidelines

With the exception of the down payment change, most of the other HUD program rules haven't changed at all. If you are interested in purchasing a HUD Home, please contact us for the latest program rules and guidelines.

If you need help viewing this home, or with any other Denver real estate, call for friendly answers to all your real estate questions (303) 514-4000. And if you're a first-time buyer, you may also be interested in attending one of our FREE Home Buyer Workshops. Subscribe to our Denver Real Estate Newsletter & Tips right here. Thanks for visiting!

Copyright © 2011, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™

Lowry Denver | Spectacular Home On The Park

2011-01-08T16:36:00.005-07:00

View Video

Lowry Denver home for sale in Lowry Village, Denver, CO 80230. Brand new listing featuring:

OVERVIEW
Wonderful Street Appeal
Parkside Location on Bayaud Park
Incredible Views of Mountains & Snow-Capped Peaks
On-The-Park Access to Greenbelts and Walkways
Very Bright Inside with an Abundance of Energy
4 Bedrooms, 4 Baths, 2 Car Garage
Over 3000 Sq Ft with Spacious Storage Area
Convenient Walk To Town Center, Shops, Taverns
Close-in Location to Cherry Creek, Downtown, and DIA

INTERIOR & EXTERIOR
Spacious Kitchen with Center Island
Custom Pantry w/Slide Out Shelves and Wine Rack
Corian Countertops and Backsplashes
Hardwood Flooring Throughout Main Level
Coffered Ceilings, Door Archways, Art Niches
Huge Master Suite, Bedroom, and Sitting Area
Pro-Finished Basement w/Rec Room, Huge Bath, Extra Bedroom, Media Area, Laundry, and Storage

For a full list of features with floorplan, large still photos, video, and more, visit DenverHomesOnline.com/showcase.

If you need help viewing this home, or with any other Denver real estate, call for friendly answers to all your real estate questions (303) 514-4000. And if you're a first-time buyer, you may also be interested in attending one of our FREE Home Buyer Workshops. Subscribe to our Denver Real Estate Newsletter & Tips right here. Thanks for visiting!

Copyright © 2011, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™

Save Your Home From Foreclosure

2010-10-19T03:20:00.006-06:00

Save Your Home

Save your home from foreclosure by using a strategy that lenders would rather you not know about.

Recent headlines have revealed significant errors by several giant mortgage lenders as they've pushed the envelope and skirted proper legal procedures, all in an effort to speed up the foreclosure processes.

Oftentimes during the foreclosure process, a lender will request that a court allow them to proceed with foreclosure, despite their inability to produce all of the required documents for this type of legal proceeding.

When challenged, the courts have held the lender accountable, and required them to produce these documents. This can create significant delays, thereby allowing scores of delinquent homeowners to wield more negotiating leverage with their lender.

With the right knowledge, many homeowners seeking short sale assistance or loan modification may discover that their lender will now be more motivated to help them acheive a better outcome. To learn more, follow this link to find out how you may be able to halt the foreclosure processes, and Save Your Home.

If you need help with Denver real estate, call for friendly answers to all your real estate questions (303) 514-4000. If you are a first-time buyer, you may also be interested in attending one of our FREE Home Buyer Workshops. Subscribe to our Denver Real Estate Newsletter & Tips right here. Thanks for visiting!

Copyright © 2010, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™

Emergency Homeowner Loan Program Unveiled

2010-10-06T21:25:00.004-06:00

Today, the Department of Housing And Urban Development announced the release of $41 million in zero interest, deferred payment "bridge loans” not to exceed $50,000 per homeowner, to assist with delinquent mortgage payments, taxes, and insurance.

The program aims to help struggling homeowners for up to 24 months of payments to help offset and stabilize their incomes in the wake of extended unemployment. To be eligibile for these emergency loan funds, the borrower must meet at least four key criteria:

1) Homeowner must have experienced a significant income drop which is at least 15 percent lower than the previous income.

2) Homeowner must be at least 3 months delinquent on mortgage payments, and must have received notification of an intent to foreclose (homeowner can self-certifiy that there is a likelihood of initiation of foreclosure proceedings after three months delinquency).

3) Homeowner must demonstrate that they have a reasonable likelihood of being able to resume payments of their first mortgage obligations within 2 years, including their other housing expenses and debt obligations when the household regains full employment.

4) The homeowner must reside in the property.

HUD will begin making these emergency loans for eligible homeowners before the end of this year, 2010. The term of the zero interest HUD note will be a maximum of 5 years, and will be secured by the property. If the home is sold, refinanced, or foreclosed upon, the HUD note will become due.

Both wage and salary workers and self-employed individuals are eligible. source: HUD

Call for friendly answers to all your real estate questions (303) 514-4000. If you are a first-time buyer, you may also be interested in attending one of our FREE Home Buyer Workshops. Subscribe to our Denver Real Estate Newsletter & Tips right here. Thanks for visiting!

Copyright © 2010, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™

Interest Rates Fall On Denver Home Loans

2010-06-30T11:29:00.003-06:00

Rates on a 30-year fixed home mortgages fell below 4.7% this week. This is the lowest rate in over a decade. Mortgage rates on 15-year mortgages have trended lower still, hovering around 4%.

Because interest rates have slid significantly since earlier in 2010, prospective homebuyers contemplating a home purchase this summer, might find their purchasing power greatly improved.

With such ultra-low rates, buyers can now purchase more home for the money. As a rule of thumb, buyers purchasing a moderately priced $250,000 home (with a minimal 3.5% down payment on an FHA loan), would actually be able to purchase a $267,000 home (approx), without any increase in the monthly mortgage payment. Buyers looking at a $350,000 home, would see their purchasing power increase by almost $25,000. Of course, buyers who'd simply rather take advantage of these lower rates to reduce the payments without buying more home, will certainly enjoy their lower payments.

Your dream of moving into a place of your own may come sooner than you had hoped with such attractive interest rates. Just call us for friendly answers to all your Denver real estate questions (303) 514-4000. And if you’re a first-time buyer, you may be interested in attending one of our FREE Home Buyer Workshops. Subscribe to our Denver Real Estate Newsletter & Tips right here.
Thanks for visiting!

Copyright © 2010, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™

The Latest Trends In New Home Design

2010-06-02T11:27:00.003-06:00

Just released are some of the newest attitudes of homebuyers as introduced during the International Builders Conference recently held at Texas A & M University. Here's a recap of the most significant and latest homebuyer preferences:

1) A downsizing trend in new home design appears has begun. The average home size peaked last year in 2009, but now is now trending towards smaller homes after 50 years of consistent growth.

2) Homebuyers are seeking more comfortable family gathering spaces (e.g. - great rooms) as an important aspect of their new home design.

3) Energy Efficiency in a home is ever-growing in importance. Buyers are seeking top-rated efficiencies in appliances and the newest in insulating and conservation-minded features.

Other key aspects that buyers are demanding, include:

Higher ceilings that offer interesting design elements and preceived space.
3-Car garages that provide additional storage & organization.
Granite surfaces are no longer a must-have. Homebuyers are more practical in their purchases, and price is one of their top priorities. The sizzle is losing its importance, and builders are adjusting the home designs accordingly.
Single story and split level homes are in vogue again, with two-story's declining in popularity.
Extra bedrooms with their own bathrooms for extended family members are highly sought after.
Multi-purpose home office spaces remain hot.
Low maintenace exteriors are very important to many buyers with less and less demand for expansive sites.

Call now for fast and friendly answers to all your real estate questions (303) 514-4000. And, if you’re a first time buyer, you may be interested in attending one of our FREE First-Time Home Buyer Workshops. Subscribe to our Denver Real Estate Newsletter here.

Thanks for visiting!

Copyright © 2010, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™

Free Access to Credit Scores

2010-05-13T13:17:00.004-06:00

Today, I learned that Colorado Senator Mark Udall is working on a bill which proposes free access by consumers to their own credit scores. This is great news, and we encourage everyone who reads this blog post to help support it.

Regardless of your political persuasions, it has become piercingly clear over the last 12 years since the FICO score gained momentum as a means to interpret one’s creditworthiness, that the financial services industry is increasingly using our personal consumer data to create a variety of profiles and products, many of which are simply designed to help businesses raise the cost of living for the middle and lower classes. Some of these creative products even lack any relevance or legitimacy, and are only being used by certain industries to increase their profit margins and prey on those who are less financially savvy or fortunate in our society.

Please let Mr Udall know that you support this endeavor to allow all citizens FREE ACCESS to our consumer scores, so we may better challenge the increasing abuses by the data harvesting and financial services industries.

Call us today for fast and friendly answers to all your real estate questions (303) 514-4000. If you’re a first time buyer, you may also be interested in attending one of our FREE First-Time Home Buyer Workshops. Subscribe to our Denver Real Estate Newsletter here.
Thanks for visiting!

Copyright © 2010, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™.

Here Are 5 Reasons Why You Want To - Buy Now!

2010-05-12T13:48:00.002-06:00

1. There is now a greater selection of properties for sale because the tax incentive is behind us. Those who shopped prior to April 30th, know how frustrating that whole process was.

2. Interest rates remain very low. They’ll only go up as the economy continues to rebound. As the U.S. dollar weakens, interest rates have nowhere to go, but up.

3. Let’s face it, we’ve seen the market bottom already. Home values are increasing as the local Denver economy continues to recover. Economists, investors, politicians, and bankers all want this to happen. They will collectively do everything they can to continue our economic stabilization. The most affordable opportunities are available, right now.

4. There are more motivated sellers than before. Now that we’re halfway through the Spring selling season, and with the tax credit behind us, sellers will become anxious heading into second half of year.

5. Banks are finally releasing their hoarded (shadow) inventories of foreclosed homes, just in time for the Spring/Summer market. This means they’ll be more inventory to choose from.

Aside from these 5 persuasive reasons to consider buying now, you may certainly have other motivations depending on your situation. Call us today for fast and friendly answers to all your real estate questions (303) 514-4000.

If you’re a first time buyer, you may also be interested in attending one of our FREE First-Time Home Buyer Workshops. Subscribe to our Denver Real Estate Newsletter here.

Thanks for visiting!

Copywrite: Copyright © 2010, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™.
Photo credits: Photo credit – hourglass: photobucket

Didn’t Make The Deadline To Get The Tax Credit?

2010-04-24T17:32:00.004-06:00

Many buyers have put a lot of pressure on themselves to buy a home and take advantage of the government tax credit, but in doing some may have been better off if they had only waited awhile longer.

Passing up a free $8000 is hard to ignore, especially first-time homebuyers, but what we’ve seen in the last several months is that there has been a genuine absence of decent inventory in the entry level markets.

For those that haven’t yet jumped into the market, or those of you who’ve failed to find what they were looking for, you’ll soon have better luck. Some benefits that await you are: Sellers and banks will begin to put more emphasis on making deals. There will be more inventory and selection to choose from, with fewer hassles in getting the sellers’ attention, and it'll also be easier to make successful offers. Your loan may be approved more quickly and with greater availability of certain types of financing, too.

Even if you were seriously looking before the tax credit expired, but didn’t find anything you were interested in, at least you benefited from the additional time to save that down payment. What’s more, you didn’t make the mistake of buying something impulsively, and regretting it later! Think about it…you probably saved yourself more than that $8000 by waiting!! So, it’s now a new market with new opportunities. Take your time, and go find the right house or property.

If you’re a first time buyer, you may be interested in attending one of our FREE First Time home buyer workshops. Click here to subscribe to our FREE Denver real estate newsletter.

Thanks for visiting!

Copyright © 2010, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™.
Photo credit - cloud: stockxchng

Remodel Your Denver Home For Enjoyment – Not For Profit

2010-04-15T10:59:00.006-06:00

Annually, I receive an industry report about the cost vs. value of many popular remodeling projects that can be done around most any home. As confirmed by this years’ statistical report, the numbers reveal that investing money into your home for anything other than your own personal enjoyment, often yields less than the cost of those projects. Actually, the only single project that resulted in a profit, was the replacement of the front door (111.2% return).

When considering home remodeling projects, its best to first evaluate your own personal level of enjoyment that you’ll realize from the project once its completed, and not necessarily any money that you hope to pocket when you sell. If you finish your basement, for instance, that project will immediately add lots of extra space and give you features that you don’t have in other portions of your home. Home theatres, recreation rooms, exercise areas, all are popular examples of what you can create.

On the flip side, know that you’ll probably wind up spending more money on that basement project (depending on your choice of materials), than you’ll ever recover in the long run. So, the more enjoyment you plan to derive from your remodeling project while living in your home, the greater your personal benefit and your intangible return on the investment. That’s smart!

To see the cost vs. value report generated by this study in our Mountain Region, you may find it here. Tips for hiring a remodeling contractor can also be found here.

If you need help viewing this home, or with any other Denver real estate, call for friendly answers to all your real estate questions (303) 514-4000. And if you're a first-time buyer, you may also be interested in attending one of our FREE Home Buyer Workshops. Subscribe to our Denver Real Estate Newsletter right here. Thanks for visiting!

More Relief Coming For Troubled Borrowers

2010-03-31T12:34:00.001-06:00

The White House announced a new attack today to assist those who are struggling with their mortgages in the face of unemployment, by rolling out new relief programs for cash strapped and under-water borrowers.

The administration is providing incentives for lenders to participate in the program, who agree to offer loan modifications per the administration's guidelines.

Below, are the key aspects of the new program:

• It will offer struggling homeowners a forbearance program, where mortgage payments are reduced or suspended, for up to 6 months while the borrower is unemployed.

• It will attempt to modify and reduce the balance owed on certain mortgage loans that have balances in excess of 115% of the home’s current value (borrowers must remain current for at least 3 years, to have the reduction completely forgiven).

• It will refinance qualifying borrowers into lower interest rate loans insured by the FHA (eligible borrowers must have credit scores 500 or greater, and meet loan guidelines).

The anticipated result of these expanded relief programs are:

• To reduce the current level of foreclosure activity in the housing sector.

• To permit the hardest hit homeowners to keep their mortgage loans for the long haul, by making their loans more affordable, and sustainable.

• To reduce the balance owing on upside down loans that would likely and eventually be foreclosed upon, anyway.

• To push the national economic and housing recovery into high gear.

Although this program isn't in effect just yet, it is anticipated to be introduced in the coming months.

Photo credit: stockxchng - 881497
Copyright © 2010, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™.

Good News For Buyers Even Though Tax Credit Expiring

2010-03-17T13:10:00.001-06:00

There are still several great first-time buyer programs that can assist those who aren’t or weren’t ready to take the plunge and purchase their homes before the Federal Tax Credit expiration, April 30th.

One such program is offered by the Colorado Housing and Finance Authority (CHFA), and allows buyers to get into a home by contributing $1000 to their transaction, and participating in an online homeownership class.

A few more details about the program are that the interest rates for the program are currently in the low fives, and there are no “junk” prepay penalties. Some income and purchase limits apply, but they are not very restrictive.

The best news here is that this special CHFA program is constantly funded, so there is no worry about this program expiring, or it running out of funds.

Allow us to share more details regarding this special financing opportunity for first-time homebuyers. Just give us a quick call if you know someone who may be interested.

Denver Area Receives Frequent "Top Accolades"

2010-02-19T12:52:00.006-07:00

Denver has graced FORTUNE magazine’s list of “Best Cities for Business" for the past five years running. And, each year since 2001, Denver has been one of Dun and Bradstreet’s “Top 10 Cities for Small Business." With Denver's highly educated citizens and entrepreneurial spirit, our community is in a constant pursuit of opportunity.

● Longmont was named one of the Top 100 Best Places to Live in the United States twice - once in 2006 and again in 2008.

● Louisville was ranked as by CNN Money as their top choice in the best places to live in 2009.

● Westminster was ranked by Money Magazine as one of "America's Hottest Towns." In 2004 the city ranked 11th in the West with a population of more than 100,000. In 2007, Westminster was named a Grand Award winner in the 2007 Gold Medal competition for their parks, recreation and Libraries.

● Aurora was honored with the All-America City Award in 2008, recognizing its communities for collaboration, inclusiveness, and successful innovation, and its community-wide civic accomplishments.

● Fort Collins ranked #1 in Money magazine's 2006 'Best Places to Live' list.

● Colorado Springs was named the #1 Big City in the 'Best Places to Live' rankings.

Numerous other Colorado communities have ranked at the top of lists as the best place for everything from Fitness, to Best Place to Retire, Best Place to Raise a Family, best places for recreation, just to name a few.

Copyright © 2010, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™.

Attention HomeBuyers: New Incentive On FNMA Foreclosures

2010-02-09T22:22:00.006-07:00

On all Fannie Mae (FNMA) foreclosure purchases between January 28th and April 30th of this year, FNMA is offering an incentive of 3.5% incentive to be applied towards the buyer's closing costs, and/or, new Whirlpool appliances, or a combination thereof.

In order for buyers to be eligible for this incentive, the following conditions will apply:

Offers must be accepted and close prior to May 1, 2010.
Buyers must be owner-occupants, investors are excluded

One additional condition is that individual lenders may impose their own limitations on the use of the 3.5% incentive, so buyers should consult their lenders for guidance.

This new financing incentive is available in addition to the Federal Homebuyers Tax Credit that many buyers can double-up on. If you've considered a home purchase this year, now's a very good time to act.

Obama Administration Rolls Out New Short Sale Guidelines

2010-02-03T10:47:00.006-07:00

The U.S. Treasury unveiled a new foreclosure alternatives program designed to streamline the processing of troubled mortgage loans. This program offers some very welcomed benefits for delinquent borrowers. The program takes effect April 5, 2010, but some loan servicers may begin sooner. Here is our analysis of the new guidelines.

14-DAY RESPONSE TIME: Participating lenders will advise their borrowers in writing about the availability of a short sale or deed-in-lieu, and have 14 days to consider this option.
STANDARDIZED FORMS: Lenders will now use standard processes, documents, and ascribe to set timeframes/deadlines.
DELAYED FORECLOSURE: The process must have allow a minimum 120 days processing time after the agreement takes effect. Loan servicers may continue with foreclosure proceedings, but the foreclosure can’t be completed while assessing a borrower’s eligibility, waiting for the return of an executed agreement, or pending the transfer of the property.
WAIVED MORTGAGE PAYMENTS: The borrower’s mortgage payment cannot exceed 31% of their gross monthly income while a short sale is pending. Some loan servicers may waive the payments altogether.
FREE RELOCATION COSTS: Upon the successful completion of a short sale, the borrower can get up to $1,500 to cover relocation expenses.
RELEASE OF LIABILITY: Borrowers will be fully released from future liability for their mortgage loan debt (no deficiency judgments are allowed).
OWNER/BORROWER RESPONSIBILITIES: The owner/borrower must agree to vacate the property by a certain date, leaving it in clean condition, and with a marketable title.
JUNIOR LEINHOLDER BENEFITS: Second mortgage lien holders can get up to $3,000 to release the loan.
PROPERTY APPRAISAL: The loan servicer is required to obtain an independent appraisal that cannot be charged to the borrower.

Not all mortgages loans will be covered by these new guidelines, nor are they mandatory for lenders, but the implementation of these new guidelines by cooperating lenders will help eliminate a lot of the difficulty previous Short-Sales have experienced.

Copyright © 2010, DenverHomesOnline.com, The Michael Dagner Group and RE/MAX™.

FHA Announces Important Changes

2010-01-21T11:24:00.003-07:00

Today, the FHA announced changes that will affect borrowers who seek FHA insured mortgages. These changes are slated to be implemented during the coming Spring and Summer months of 2010.

The FHA made the following changes to maintain its financial soundness, and to allow it to continue with its goal of extending powerful programs to insure that prospective borrowers, become homeowners. Cutting to the chase, the key provisions of the announced changes are as follows:

• The new up-front mortgage insurance premium for borrowers will be 2.25 percent, and the monthly premium charge will increase slightly.

• Sellers will not be allowed to contribute more than 3% of the value of the property towards a buyer's closing costs.

• A minimum credit score of 580 is now required, replacing no minimum score, previously.

• Lender performance ratings will be made public.

It is anticipated that these changes will have relatively little impact on homebuyers, with the exception of the restriction that limits a seller's financial contribution to 3%. Most borrowers are sufficiently qualified to accept these new rules.

What wasn’t affected, which is terrific and stunning news, is that the FHA will continue to allow borrowers to continue making only a small 3.5% down payment towards their FHA loans. By comparison, private or conventional mortgages require much higher contributions.

The bottom line is that the essence of the changes are not too restrictive, and will help borrowers become more prepared for homeownership. Readiness, will be more important than ever, and some buyers will need to prepare themselves with more savings, before they enter the market.

All in all, the FHA has attempted to strike a healthy balance between supporting homeownership, and financing it, without systematically slowing home buyer activity. Consumers and the industry will quickly adapt to these new rules, and all will prosper in the long run.

Photo credit: stockxchng 996859-1

5 Things Sellers Can Do To Make Sure Their Home Doesn't Sell

2009-12-30T19:16:00.009-07:00

1) Slack-Off On Presentation
What do buyers know? They can’t actually mind the un-made beds, food crumbs on counters, grease lined stove, dirty dishes in the sink, pet feeders in the kitchen, overflowing litter box, children’s toys, soap scum in the shower, office papers strewn around, toilet plungers, mouse droppings in the garage, oil stains, chipped paint, flagpole in the yard, or the wonderful total darkness of our privacy drapes. What the heck are they thinking?

2) Poor Photo Appeal
Showings begin with a click of the mouse these days. You won’t get nearly as many buyers coming through that door unless you realize how important this initial step is. Marginal photos should never be part of your online presentation. It’s crucial to make every photo you display as attractive as possible, without having to misrepresent the property or its features. If you can’t get nice shots from every room, then only display the very best. Poor photographs will only detract from the ones that have already captured your viewer’s interest. Now, let them take the next step and satisfy their curiosity by arranging a showing.

3) Pricing It Wrong
Any home that is properly priced to start, is half-sold! No amount of fancy ads, oversaturated marketing, colorful flyers, online portfolios, repeated open houses, street corner clowns, or even Goodyear Blimps will over-compensate for a wrong price. Overpricing, almost always increases time on the market, and adds a great deal to your carrying costs. Ultimately, many overpriced properties net the seller less than they would have had they been priced correctly from the start. It’s imperative that you get good advice before you list.

4) No Careful Planning
Before you put your home on the market, you must PLAN for success. If you don’t, you’ve already wasted valuable time and will probably regret your lack of preparedness. A proper strategy involves ‘critically’ comparing your house to the competition, committing yourself to wowing buyer’s emotions, leaving no repairs undone, and selecting the right agent to market your property. When buyers "fall in love" with your overall package, price is far less an issue, and getting into the home before somebody else does, becomes paramount on their minds.

5) Pets On-The-Loose
Pets make wonderful companions, but they won’t help sell your house. All buyers, whether they’re ardent animal lovers or not, are not ready to visualize any pets in the home. They want to be impressed with perfection when they come a viewing. Recognize this! And, keep pet dishes and litter boxes out of sight. Everyone, EVEN SLOBS, seek show-homes at first.

Grab These Energy Tax Credits Soon!

2009-12-22T09:41:00.010-07:00

The Federal Government is offering tax credits for homeowners who make energy efficient improvements before December 31, 2010. A tax credit is generally more valuable than an equivalent tax deduction, because a tax credit reduces tax DOLLAR-FOR-DOLLAR, while a deduction only removes a percentage of the tax that is owed. You can itemize these purchases on your federal income tax, which will lower your total tax owed.

Homeowners can save up to 30% of the cost of a project up to $1500. Installation costs would qualify for credits for some projects. And, some other projects are not subject to that $1500 cap. Below, is a list of the projects that can save you money.

• Biomass Stoves
• Heating, Ventilating, Air Conditioning
• Insulation
• Roofs (Asphalt or Metal)
• Water Heaters (non-solar)
• Windows
• Doors

See Energy Star and Dept of Energy for more specific details. In addition, the following items also qualify, but are not subject to the $1500 limit.

• Geothermal Heat Pumps
• Small Wind Turbines
• Solar Energy Systems
• Residential Fuel Cell & Microturbines

Some consumers will also be eligible for utility rebates through a special program sponsored by the State of Colorado's Governor's Energy Office (GEO), which begins in March 2010. Here are some of what these additional rebates and tax incentives will cover:

• Energy Audits
• Air Sealing Measures
• Duct Sealing
• Clothes Washers
• Dishwashers
• Refrigerators
• Energy Monitors
• Energy Star New Homes (for homebuilders)

The State of Colorado rebates will be offered on a first-come, first-serve basis through 2012 or until funds are exhausted, whichever occurs first. Click here for more information about Colorado's program.

So, if you've planned to replace or upgrade any of the above items soon, make a plan to do so during the applicable rebate or incentive timeframes.

Things Looking Up For Next Year

2009-12-10T00:21:00.009-07:00

Colorado mortgage rates dropped again this week, reaching almost 4.5% on a 30-year fixed loan Wednesday, according our market sources. The drop in rates has been steady since the beginning of November. These great rates are especially inviting to those borrowers who have good credit scores.

The Colorado Dept of Labor also reported some great news this week. Employment rates also sunk to 6.9% in the month of October. According to our MLS provider, home sales increased almost 3% in the Denver metro area during October, from September.

With the combination of the extended Federal Homebuyer Tax Credit and these lower interest rates, the real estate market continues to rebound. Things are looking up. If you will need some help with your real estate needs soon, give us a little advance notice. It’s going to be a busy 2010!

At Re/max, We Couldn't Help So Many CMN Kids Without Your Business

2009-12-05T14:59:00.010-07:00

Julia's Story

Children’s Miracle Network is a non-profit organization dedicated to saving and improving the lives of children by raising funds for children’s hospitals. Each year the 170 Miracle Network hospitals provide the finest medical care, life-saving research and preventative education to help millions of kids overcome diseases and injuries of every kind. Children need the specialized care and equipment only children’s hospitals can provide, which includes:

• $2.5 billion in charity (uncompensated) care each year.
• Treat 98% of all children needing heart or lung transplants.
• Treat 88% of all children with cancer.
• Treat 76% of all children with cystic fibrosis.
• Treat 90% of all children with sickle cell anemia.
• Treat 72% of all children with pediatric AIDS.
• Devote 60% of services to children under six, and 25% to newborns.
• Train 60% of pediatricians and 80% of all pediatric specialists.
• Educate families about children's issues like safety seats & helmets.

Since RE/MAX became the exclusive real estate sponsor of Children's Miracle Network in 1992, RE/MAX Associates have raised more than $56 million for the charity. RE/MAX raises funds for Children's Miracle Network in a variety of ways. The Re/max annual telethon and fundraising event is the largest of its kind in the world. This partnership underscores Re/max's involvement in the communities in which they live and serve.

If you would like to list your home, buy a home, or would just like more information on RE/MAX and Children's Miracle Network, please contact us using the form below. Together, we can make miracles happen for children in our area.

Detailed Information on Tax Credit

2009-12-03T09:56:00.006-07:00

Here are details on the extension and expansion of the U.S. tax credit for homebuyers signed into law on November 6, 2009 by President Obama:

Deadline Extended Into 2010
The tax credit was originally to end November 30, 2009. It has now been extended into 2010. If you have a signed purchase agreement by April 30, and close the transaction before July 1, you’re eligible for the credit.

Most Other Buyers Now Eligible
First-time homebuyers are eligible for a credit of 10 percent of the price of the home, up to $8,000. (Married couples filing individually can receive $4,000 each.) You are considered a first-time buyer if you haven’t owned a principal home in the U.S. in the last three years.

The tax credit has also been expanded to buyers who have owned a home at some period during the last three years and used it as their principal residence for five consecutive years in the last eight. They can receive up to $6,500 - or $3,250 for couples filing as individuals.

No Repayment if You Stay in Home for Three Years
The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount of the credit will be recouped on the sale.

Caps on Income, Home Price
Individuals who earn up to $125,000, and couples who earn up to $225,000, are eligible for the full credit. Individuals who earn between $125,000 and $145,000 – and couples who earn between $225,000 and $245,000 - can receive a percentage of the full credit.

The maximum purchase price is $800,000. Any home selling for more than that makes the buyer ineligible for the credit.

Taking Advantage of the Credit
You can claim the credit on your 2009 or 2010 tax return. There are also programs in place to enable you to use the funds to help with the down payment.

Applying the Credit to Your 2009 Taxes
You will need to do three things to claim the credit on your 2009 tax return:

1) Fill out the applicable IRS form to determine the amount of your available credit.
2) Apply the credit when you file your 2009 tax return or an amended return.
3) Attach documentation of purchase to your return or amended return.

If You Purchase in 2010
Buyers purchasing in 2010 will have the option to:

1) Claim the credit on their 2009 return, even if the purchase is completed after December 31, 2009.
2) File an amended return for 2009 if their purchase is completed after April 15, 2010.
3) Claim the credit on their 2010 tax return.

Contribution to the Economy
National Association of REALTORS® economists estimate that the tax credit has contributed more than $22 billion to the economy, and that 2 million people will take advantage of it this year.

Treasury Plan Will Help Homeowners Avoid Foreclosure

2009-12-02T10:08:00.006-07:00

Homeowners across the United States could avoid foreclosure under a plan announced on Nov. 30 by the U.S. Treasury Department. Under the plan, millions of at-risk homeowners could be free of mortgage debt without going through foreclosure, and home sellers will be given $1,500 for relocation.

The Treasury plan, which applies to 75 percent of the mortgages in the U.S., including those backed by Freddie Mac or Fannie Mae, provides incentives for lenders and homeowners for completing short sales - transactions in which the lender agrees to a sale price that's less than the borrower owes on the mortgage. Short sales are preferred to foreclosure because homeowners take less of a hit on their credit and lenders realize a smaller loss.

Under the plan, which speeds up and simplifies the short-sale process, mortgage servicers have 10 days to approve or reject a request for a short sale. And when the sale is done, the borrower or seller must be fully released from the debt.

If you'd like more information about this new proposed Treasury plan, simply call or email us. We look forward to assisting you.

Changes Coming - Requiring More Lender Transparency

2009-11-30T11:17:00.009-07:00

Beginning in 2010, all lenders will be required to make more accurate disclosures of settlement costs, which will be accompanied by new forms. A new Good Faith Estimate form, and a new HUD-1 Settlement Statement, are the focus of these changes. The essence of the new rules and forms gives borrowers a better understanding of their settlement fees, minimizes fluctuations and discrepancies, and provides borrowers with more time to evaluate ‘changes’ to their proposed costs and fees from what was originally quoted them.

Closing delays are possible due to these new requirements and forms, but that will simply force everyone to be more proactive at the beginning of the property transaction, continuing on through the settlement or closing date. The bottom line for consumers is that the level of communication among all participants, the buyer and seller, the lender, the agents, the title companies, will increase significantly.

Everything In Denver Is Pointed Up, Up, Up

2009-06-12T11:45:00.017-06:00

Nationally renowed real estate expert Barbara Corcoran recently interviewed on The Today Show - NBC, picked Denver as the top market in the country to do better than others in rebounding from the economic downturn.

According to the interview, the top 5 real estate markets poised for a stronger recovery are listed, below:

1) Denver, CO
2) Raleigh, NC
3) Austin, TX
4) Seattle, WA
5) San Francisco, CA

Eight characteristics were evaluated for the highest rankings:
1) Job growth.
2) A growing population.
3) Great weather.
4) Lots of First-time buyers.
5) No overbuilding of condos or office spaces.
6) A vital downtown where people can live without a car.
7) A well educated population.
8) Foreclosure activity declining significantly.

Denver's market potential is fueled by its affordability index (average home price at $193,000), its high percentage of a young population, and the fact that it boasts the largest park system in the country.

View entire interview, below:

Top 10 Most Popular Big Cities

2009-03-26T13:06:00.016-06:00

Pew Research Center Ranks Denver Tops In Most Desirable Places To Live

Denver - 43%
San Diego - 40%
Seattle - 38%
Orlando - 34%
Tampa - 34%
San Francisco - 34%
Phoenix - 33%
Portland - 31%
Sacramento - 29%
San Antonio - 29%

In a new survey by Pew Research Center, Denver was ranked as the most desirable place to live in America, among the nation's top cities. The principal reasons why Denver was ranked so high were climate, amenities, and overall quality of life.
Denver has received significant attention and awareness since the DNC last August. In 2008, Denver was ranked as the fourth “most walkable” city in America, largely because of its pedestrian mall, expanding transportation projects, and the growth and development of the core city. All of this increased attention bodes well for our property values and our overall economic future.

2009-2010 Homebuyer Tax Credit

2009-02-21T17:36:00.017-07:00

Congress Just Approved An $8,000 Tax Credit For Homebuyers!

The key provisions are: 1) The credit is available for first-time homebuyers. 2) The credit applies to purchases made between January 1, 2009, and December 1, 2009. 3) It Does NOT Have To Be Paid Back!

More About It: The tax credit would be $8,000 or 10% of the purchase price, whichever is less. Similar to the $7,500 tax credit authorized last year, the $8,000 tax credit is available for the purchase of a principal residence. According to the IRS, any taxpayer who has not owned a home during the 3 years prior to the date of purchase should qualify for the credit. If the home is sold within three years of purchase, the credit will have to be repaid. The tax credit phases out for individuals with adjusted gross income over $75,000 ($150,000 for joint filers).

Denver Builders Sweeten Their Deals

2008-12-30T10:31:00.012-07:00

If the current low rates and depressed prices weren't enough to spark your interest in negotiating a deal on a new home, here's some added incentive hot off the press from one local builder, Richmond American Homes.

Hurry, this limited-time loan option is only available on quick move-in homes that close by February 27.
4% (4.6094% APR) FHA 30-year fixed rate loan† Own a $350,000 home for as low as $1,650 a month. See Richmond American for details.

Steps To Take When You Can't Pay Your Mortgage

2008-12-22T21:42:00.022-07:00

1. Contact your lender as soon as you have a problem
Many people avoid calling lenders about money troubles because we feel embarrassed discussing money problems with others, or we believe that if lenders know we are in trouble, they will automatically rush to a collection agency or foreclosure (seize property for failure to pay a mortgage debt). Actually, lenders want to help borrowers keep their homes because foreclosure is expensive for lenders, mortgage insurers and investors. HUD and private mortgage insurance companies and investors like Freddie Mac and Fannie Mae require lenders to work aggressively to help borrowers facing money problems. Lenders have workout options (choices) to help you. These options work best when your loan is only one or two payments behind. The farther behind you are on your payments, the fewer options are available.

Don't assume that your problems will quickly correct themselves. Don't lose valuable time being overly optimistic. Contact your mortgage lender to discuss your circumstances as soon as you realize that you're unable to make your payments. Look forward to your lender being willing to explore many possible solutions, without guaranteeing any one particular solution. Expect to have more than one phone conversation with your lender. Typically, your lender will mail you a "loan workout" package. This package contains information, forms and instructions. If you want to be considered for assistance you must complete the forms fully and truthfully and return them to your lender quickly. Your lender will review the complete package before talking about a solution with you. CALL YOUR LENDER TODAY! The sooner you call, the sooner help is available.

When you do call you lender, have the following information ready when you call:

- Your loan account number.
- A brief explanation of your circumstances.
- Recent income documents:
- Pay stubs.
- Benefit statements from Social Security, unemployment, etc.
- Tax returns or a year-to-date profit and loss statement.
- A list of household expenses.

If you do stop making payments on your mortgage loan, don't ignore mail from your lender. It is very important that you respond to mail and phone calls offering help. If your lender doesn't hear from you, they will have to start legal action leading to foreclosure. This will greatly increase the cost to bring your loan current.

2. Talk to a housing counselor

If you don't feel comfortable talking with your lender, you should immediately contact a housing counseling agency and make an appointment with a counselor. Most FHA counselors are free or cost very little. A counselor can help you review your financial situation, and can:

- Determine what options can be negotiated with your lender.
- Learn which of the various workouts makes the most sense for you.
- Call the lender on your behalf, to discuss a workout plan.
- Give you information on programs and professional assistance.
- Help you create a budget plan to ensure you meet your expenses.

To find out more about HUD-approved housing counseling agencies and their services, please call toll free (800) 569-4287 on weekdays between 9:00 a.m. and 5:00 p.m. Eastern Standard Time (6:00 a.m. to 2:00 p.m. Pacific Time). The same number can give you an automated referral to the three housing counseling agencies located closest to you. Many of these local housing counseling agencies are connected with national and regional housing counseling intermediaries (mediators). The website for HUD-approved National and Regional Housing Counseling Intermediaries describes the full range of assistance offered and provides maps showing their member's locations.

3. The FHA provides many alternatives and ways for borrowers to get help.

These may include mortgage modifications (changes), special forbearances (allowances), and other actions you can take to avoid foreclosure. Explore the following loan workout solutions with your lender, and check to see which options may be available. If you have an FHA-insured loan and your lender is not responsive or cooperative, contact FHA's National Servicing Center at toll free (888) 297-8685 or (800) CALL-FHA. You may also email the FHA at: hsg-lossmit@hud.gov. Note: HUD does not oversee VA or conventional loans. Some options, below, may not apply to your loan if it is not insured by FHA.

a) Reinstatement: Your lender is always willing to discuss accepting the total amount owed in a lump sum by a specific date. Forbearance may accompany this option.

b) Forbearance: Your lender may allow you to reduce or suspend payments for a short period of time and then agree to another option to bring your loan current. A forbearance option is often combined with a reinstatement when you know you will have enough money to bring the account current at a specific time. The money might come from a hiring bonus, investment, insurance settlement, or tax refund.

c) Repayment plan: You may be able to get an agreement to resume making your regular monthly payments, plus a portion of the past due payments each month until you are caught up. If it appears that your situation is long-term or will permanently affect your ability to bring your account current - call your lender to discuss options.

d) Mortgage modification: If you can make payments on your loan, but don't have enough money to bring your account current or you can't afford your current payment, your lender may be able to change the terms of your original loan to make the payments more affordable. Your loan could be permanently changed in one or more of the following ways:

- Adding the missed payments to the existing loan balance.
- Changing the interest rate.
- Extending the number of years you have to repay.

Partial Claims: If your mortgage is insured, your lender might help you get a one-time interest-free loan from your mortgage guarantor to bring your account current. You may be allowed to wait several years before repaying this loan. You qualify for an FHA partial claim if: The loan is between 4 and 12 months delinquent; You are able to begin making full mortgage payments again. When your lender files a partial claim, HUD will pay your lender the amount necessary to bring your mortgage current. You must sign a promissory note, and a lien will be placed on your property until the promissory note is paid in full. The promissory note is interest-free and is due when you pay off the first mortgage or when you sell the property.

4) If keeping your home is not an option, you should also contact your lender to discuss these possibilities:

a) Sale: If you can no longer afford your home, your lender will usually give you a specific amount of time to find a purchaser and pay off the total amount owed. You will be expected to use the services of a real estate professional who can aggressively market the property.

b) Pre-foreclosure sale or short payoff: If you can't sell the property for the full amount of the loan, your lender may accept less than the amount owed. Financial help may also be available to pay other lien holders and/or help towards some moving costs. You may qualify if: The loan is at least 2 months delinquent; You (or your real estate professional) can sell the house within 3 to 5 months; A new appraisal (obtained by your lender) shows that the value of your home meets HUD program guidelines.

c) Assumption: A qualified buyer may be allowed to take over your mortgage, even if your original loan documents state that it is non-assumable.

d) Deed-in-lieu of foreclosure: As a last resort, you "give back" your property and the debt is forgiven. This will not save your house, but it is less damaging to your credit rating. This option might sound like the easiest way out, but it has limitations: You usually have to try to sell the home for its fair market value for at least 90 days before the lender will consider this option. This option may not be available if you have other liens, such as other creditor judgments, second mortgages, and IRS or state tax liens.

5) Beware of scams and abusive practices
a) Equity skimming: In this type of scam a "buyer" approaches you offering to repay the mortgage or sell the property if you sign over the deed and move out - usually leaving you with the debt and no house. Signing over your deed does not necessarily relieve you of the responsibility of paying the loan.

b) Phony counseling agencies: charging for counseling that is often free of charge. If you have any doubt about paying for such services, call a HUD-approved foreclosure housing counseling agency toll free at (800) 569-4287 or TDD (800) 877-8339 before you pay anyone or sign anything. Do not sign anything you do not understand. It is your right and duty to ask questions.
c) Charging excessive interest, points and fees.

d) Repeatedly refinancing a loan without providing any real value to the borrower.

e) Predatory Lending: Borrowers facing unemployment and/or foreclosure are often targets of predatory lenders because they are desperate to find any "solution".

f) Homeowners receive many refinance offers in the mail saying they are "pre-approved" for credit based on the equity in their homes. Borrowing against your house may seem attractive when you are struggling to pay your mortgage and other bills. But stop and think about this: if you can't make your current payments, increasing your debt will make it harder to keep your home, even if you get some temporary cash.

Final Note: Most mortgage lenders are trustworthy and provide a valuable service by allowing families to own a home without saving enough money to buy it outright. But dishonest or "predatory" lenders do exist. Information is your best defense against becoming a victim of predatory lending, especially for a desperate homeowner. If you suspect predatory lending, homeowners can either visit the Stop Mortgage Fraud website (http://www.stopmortgagefraud.com/) or call toll free (800) 348-3931 to get information on what steps to take to file a complaint.

Courtesy: Federal Housing Administration

Sellers: The Power Of Flower

2008-12-06T09:31:00.009-07:00

Recently, I put a home on the market for that had been used as a rental property. Although the house had been renovated recently, it still showed plain and stark. Little to get emotional about. Because the sellers were not interested in staging this vacant home, we had little to work with other than the house itself. After a few months on the market, the feedback from prospective buyers revealed no serious interest. At my urging the sellers eventually agreed to 'stage' some nice artificial flower arrangements throughout the house, and planted very attractive flowers outside. After the flowers were added, buyer feedback became much more interesting. We actually received two offers in less than 30 days. Soon thereafter, the sale closed and the sellers were very happy! The cost of the flowers was minimal compared to their return.

So, when you have no furnishings and no décor to make a house a home, flowers may make the difference. The home depicted above is not the home described in this article. This is another former listing that had no trouble finding a buyer.

$7,500 Tax Credit Stimulus

2008-11-26T14:33:00.004-07:00

The First-time Home Buyer Tax Credit was passed this year as part of the Housing and Economic Recovery Act on July 30, and targets anyone who hasn’t owned a home for at least three years. Buyer-taxpayers can take the credit if they buy a home between April 9, 2008, and July 1, 2009.

The actual credit amount is 10 percent of the purchase price, up to a maximum $7,500. Any house is eligible as long as it’s a primary residence and is in the United States.

Income limits are $75,000 for individuals and $150,000 for households. Individuals whose income exceeds the $75,000 limit but isn’t more than $95,000 can still take the credit but on a reduced basis. The same thing applies to households earning up to $170,000. .
To help keep the program cost effective for taxpayers, the federal government requires the tax credit to be paid back in small, 6.67-percent increments over 15 years. For that reason, some analysts have likened the credit to a 15-year, interest-free loan to help make home buying affordable.

Posted on our website are two helpful documents that will help buyers learn more, in addition to some frequently asked questions about how the tax credit works.

Denver Still Strong On Home Prices

2008-11-26T12:05:00.006-07:00

The Denver residential market is outperforming many other markets in the nation in terms of home price appreciation, according to S&P/Case-Shiller. While the Denver market stayed unchanged in their 20-city measurement for the period of July - August 2008, it was still among the top performing markets in the country in the 12-month period ending in August, boasting a depreciation rate of only 5.1%, as compared to a 20-city average of 16.6%.

Throughout 2008, the Sun Belt markets were being hit the hardest. The markets of Phoenix and Las Vegas led all markets during the year, with declines greater than 30.0%.