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What Makes Some Homes a Better Investment Than Others?

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Most everyone wants to make a good investment in their home. The longer one stays put the greater the chances are to accumulate equity. Some homes and some neighborhoods do considerably better when it comes to appreciating in value. What factors might make one home a better long term investment over another? Consider: Quality of schools. Even if you don’t …

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Benefits of Using an Agent When Buying a New Build Home

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New home builders and their staff are good people by and large. However, they are the seller and you are the buyer. Sellers and buyers always have different objectives and agendas. It is smart to have someone equally skilled as the builder’s representatives to help look out for your best interests. Because they won’t. The Agent is Paid by the Builder.  …

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Multiple Offers Impact Buyers … and Sellers

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Multiple offers on a given property have been a part of our current strong seller’s market. One can easily see how this can create frustrations for buyers. It often creates headaches for sellers too. What is a seller’s market? Defining this is typically done by looking at the number of months of inventory on the market at any one time …

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New Construction Pros and Cons

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Buying a newly built home or one that’s been previously lived in have their advantages and both have people who love them. A newly constructed home is the most expensive item most families will ever purchase, easily more expensive than buying a previously owned home. However, the trade-offs are worth considering. Benefits of Buying a New-Built Homes A new construction …

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Buying Brand New Homes … and Chess

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Imagine – you are back in high school and that you play chess about once a year.  A nerdy guy asks you if you want to play a “quick” game.  It just so happens that behind those pimples, thick-rimmed glasses, and pocket protector is the president of the school’s chess club. How’s that game going to work out for you? …

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A Perfect Storm

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Thinking of buying a home? You may want to get that done as soon as possible. Rising home prices along with rising interest rates are two factors that are creating this urgency. According to most recently published statistics for the metro Denver real estate market, residential homes have appreciated in value by approximately 12% February 2013 to February 2014, and …

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Gift Idea: Money for a Down Payment

In Buyers by Doug PhelpsLeave a Comment

The holidays are over. For lenders however, gift giving is on their mind all year long. This is because many loan programs allow some or all of the down payment to come as a gift from a family member. An FHA loan, which is available to everyone and not just for first time homebuyers, has a down payment requirement of …

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Home Inspection – Always Smart to Do

In Buyers by Doug PhelpsLeave a Comment

Every Buyer wants a house that is in perfect condition. In reality, this seldom happens. Defects are common, even in new construction houses. This is why it is important that a professional home inspection be done. In Colorado, a Buy/Sell Contract allows an inspection to happen in a short time frame after a Buyer’s offer for a property is accepted …

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Understanding the True Condition of a Home

In Buyers by Doug PhelpsLeave a Comment

There are two ways that a Buyer can combine to understand the true condition of a house they want to buy. Prior to a sale, a Seller in Colorado fills out a disclosure document called a Seller’s Property Disclosure. In the document the Seller answers several questions about the property to the best of their knowledge, revealing all known defects. …