January Denver Real Estate Newsletter
JANUARY 2012 Newsletter Housing Trends eNewsletter
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.
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Please click here to view the JANUARY 2012 Newsletter Housing Trends eNewsletter.
If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.
Denver Home sales for 2011 Update
Check out the Denver Metro area Home Sales results. There are a few surprises. The overall average values have remained the same since 2010 to the end of 2011. The number of new listings coming on the market have dropped 50%. This means values should be going up soon. Click on the link to the MLS data.
2011 RE Stats For Denver Colorado
Now is the time to buy. Interest rate are low at 4% or less. Check with a lender to see if you qualify for buying your next home. Call Patrick at 303-523-6207 today to find out about what you can do to save money in this housing market.
Final Chance to Win $100 in Our Family Room Makeover Giveaway!
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Final Chance to Win $100 in Our Family Room Makeover Giveaway!
It’s finally time to reveal our family room storage — more than a month in the making. Leave a comment on this post to be entered to win $100. Read
Visit houselogic.com for more articles like this.
Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
Show Your Home Pride: 7 Home Improvement Projects for $1,000 (or Less)
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Show Your Home Pride: 7 Home Improvement Projects for $1,000 (or Less)
Americans still think buying a home is one of the best decisions they’ve ever made. Here are some ways to increase your home’s value and comfort for less than $1,000. Read
Visit houselogic.com for more articles like this.
Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
You Still Could Win $100 in Our Family Room Makeover Giveaway!
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You Still Could Win $100 in Our Family Room Makeover Giveaway!
The built-in wall of storage is almost done, but the devil’s in the details. Leave a comment on this post to be entered to win $100. Read
Visit houselogic.com for more articles like this.
Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
Renters Have Much to Gain by Pursuing Home Ownership
Home buyers you need to know this now. A Qualified Mortgage Consultant Can Outline Your Options Renters Have Much to Gain by Pursuing Home Ownership By John Jarvis Denver Mortgage Company Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability and potential tax advantages. Yes, there are certain responsibilities associated with owning a home. Landlords will often argue the benefits of renting, and for obvious reason. If you are renting, you’re helping them make their mortgage payment. The numbers are staggering if you look at it this way. If you are paying $1,000 per month for an apartment, and you know your rent will increase 5% every year, then over the next five years you will pay your landlord $66,309. If you are currently renting a house, you may be paying much more than that each month. Either way, you gain no equity by shelling out this monthly housing expense and you certainly won’t benefit when the property value goes up! However, if you were to purchase your own home or condominium, you would be on your way toward building equity. By choosing a fixed-rate loan program, you can have the comfort of knowing that your monthly mortgage payment will never go up. In fact, you would have the option of refinancing to a lower interest rate at some point in the future should interest rates drop lower than the rate you’d currently be locked in at, and this would cause your monthly mortgage commitment to go down. And not only would your own home give you added space, your own back yard and overall privacy—home ownership would also give you some tax advantages. Depending on your tax bracket, owning a home is often less expensive than renting after taxes. Interest payments on a mortgage below $1 million are tax-deductible, and your mortgage consultant should help you evaluate the tax advantages of various loan scenarios, and share this information with your tax consultant to glean feedback on your behalf. To find the loan program that is right for you, your mortgage consultant will need to evaluate your monthly household income, current assets and savings, as well as any monthly obligations you may have for credit card payments, car payments, child support, etc. These prequalification factors, along with the report of your credit score, will determine how much house you can afford and what interest rate you will pay for financing. It is also important to let your mortgage consultant know what your future goals are, because this will help narrow down which loan option is the best fit for your long-term needs.
There are many different types of loan programs available, including "low" down payment mortgage programs. The most common and beneficial loan for people buying their first home is the FHA loan, which only requires a 3.5% down payment. In addition, FHA allows a seller to cover up to 6% of a buyer's closing costs which really helps decrease the amount of money it takes to buy a home. Many people also don't know that FHA allows the lowest credit scores of any loan available today, only needing a 640 score in most cases. If there is any time to buy it is NOW! Why? Because home prices are low today. Low home values are surely not good for people selling homes but they are great news for people wanting to buy a home. Don't miss this opportunity to take advantage of the current market before home values rise. Tell John that Patrick Morgan with Madison and Company sent you!!!
John Jarvis is affiliated with Denver Mortgage Company, a Licensed Broker, Colorado Department of Real Estate, NMLS# 211618 Call today for a free copy of our Home Buyer Handbook. John P Jarvis 303-763-7676 Cell 720-732-2705 Johnj@denvermortgagecompany.com http://www.denvermortgagecompany.com/agents/agent.rad?id=1872
(New!) $100 Could Be Yours! Follow Our Family Room Makeover
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$100 Could Be Yours! Follow Our Family Room Makeover
We’re busy planning, demoing, and building our new family room storage addition. Leave a comment on this post to be entered to win $100. Read
Visit houselogic.com for more articles like this.
Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
$100 Giveaway! Follow Our Family Room Makeover for a Chance to Win!
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$100 Giveaway! Follow Our Family Room Makeover for a Chance to Win!
A family room in dire need of storage gets the DIY treatment. Read
Rules apply, please read.
Visit houselogic.com for more articles like this.
Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
Denver’s 6 Favorite Home Improvement Apps for the iPad, iPhone, iPod
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I am looking at getting an iPhone. Is this the wave of the future for owning a home in Denver, CO?
If you’ve jumped on the Apple “i” bandwagon, you’re never far from iPhone, iPod, and iPad apps that help maintain and improve your home — values near and dear to our hearts. Read
Visit houselogic.com for more articles like this.
Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
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