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Home Buying in Parker : Real Estate Advice

  • All78
  • Local Info7
  • Home Buying20
  • Home Selling7
  • Market Conditions3

Activity 30
Fri May 19, 2017
Kathy Burgreen answered:
The issue is the costs of doing the loan for the lender. You need to understand even though you qualify, lenders pay a cost for writing mortgage loans and set minimum dollar amounts so the lender can make a profit. Unfortunately, most lenders have a minimum of $100,000. and they will not write loans under $100K. A few lenders will go down to $80K but no lender will give mortgage loans under $80K. It's too expensive and the lender will not make a profit.

Your best bet is to try credit unions or small banks and see if they are flexible. You may need to take out a personal loan. Be careful with interest rates and fees. You may get charged higher rates and fees to cover the costs to the lender so they can make a profit.
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Tue Jul 5, 2016
Home Buyer asked:
We found a house which is located in good neighborhoods, but unfortunately we came to know there is a low income community is coming next to our house. We are not sure whether it's…
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Sat Mar 12, 2016
Scott Godzyk answered:
Trulia does not edit listings oosted by agents, you have to have the agent who added teh listing edit it,. Once sold, they may not be able to eidt it after a certain amount of time
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Fri Mar 11, 2016
Robndenver asked:
address is 15576 E Maiden Hair Lane, Parker, CO 80134
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Fri Mar 11, 2016
Robndenver asked:
address is 15576 E Maiden Hair Lane, Parker, CO 80134
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Wed Mar 2, 2016
answered:
Thomas,

You won't necessarily need to get the old credit reject removed so much as you'll need a new mortgage lender willing to take on your file and address the primary reason they can approve the file when the previous lender couldn't.

We are a local Colorado direct FHA endorsed lender and would be happy to see if we can provide some help for your situation. Feel free to contact us directly at nnetherton@houseloan.com

Or on the direct line at 970-590-5021
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Wed Mar 2, 2016
answered:
Johnny,

What type of mortgage loan will you be applying for? FHA, conventional or VA?

If you are planning to get an FHA mortgage that DTI should still work as they will allow for it to be as high as 56.99%, with conventional you might have such luck.

If you would like a second opinion on your loan file feel free to let us know, we would be happy to assist.

Nic Netherton
970-590-5021
nnetherton@houseloan.com
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Tue Jul 28, 2015
USMortgageRanger answered:
Hi Mbentrott,

Congratulations on your decision to purchase a home in CO. Your question as it relates to down payment and closing cost assistance there is no programs that would not take the combine household income as a deciding factor. What is possible is who the deal is structure, as you have the option to offer more for the home as long as it will appraise for that value then have the seller gift the additional funds back in the form of closing cost. We at Capital One have a Jumbo loan product that would suite your needs as it requires just 10% down and no PMI with rates currently better than all conventional mortgage on the market.

I would be delighted to provide you with some mortgage options, (this does not require us pulling your credit) that will allow you to make the best decision for your family. I can be contacted via my profile information for a no obligation consultation. My Office hours are 08:00 AM-08:00 PM Mon-Fri and Fri and Sat 08:00 AM-06:00 PM CST.

Lowell Sterling
Mortgage Banker
NMLS 968898
Capital One Bank
Phone (469) 315-1709
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Sat Jul 11, 2015
Jean Lee-Baker answered:
The key is communication. Ask the sellers what is important to them. Every seller's situation is different. Whether it is price, move-in date, rent back option, etc. To some sellers, knowing the future owners of their house is important. So if you (as represented by your Realtor) do your homework, you will gain an edge in today's competitive market. ... more
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Wed Dec 17, 2014
Jerry Dolan answered:
Typically these are something to avoid. It is my experience that underwriters see them as negative and they will affect the resale value.
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Tue Aug 26, 2014
Nancy Doyle answered:
As the other have said, Yes! You really want to protect your interests. A buyers agent will work for you at no additional cost. Many think that if they don't use an agent they will save on price. That is usually just the opposite.

Best of luck,
Nancy
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Thu Jul 24, 2014
Darrick Gilliard answered:
There are a couple options. If you are able to be APPROVED with your loan just needing an address to complete the transaction is best; this will also offer a quick closing if that is what is desired.... NO contingency. CASH is KING.

Have your inspection, title work and appraisal dates within 8-10 days of the contract date.

Hope this Helps!
Darrick
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Mon May 19, 2014
RonS answered:
One of the best neighborhoods in the entire state, or any state for that matter. Incredible school districts. You will have mor problems with deer than you will with crime. I would put it above Castle Pines Village if for no other reason that proximity to traffic although, I believe it has many other attributes that put it above Castle Pines.

It took me 15 minutes to get to I/25 when I lived there.
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Mon Apr 14, 2014
jamesws answered:
Golden Design Group Inc. built my home in 2001. We bought this in 2011. The agents said great things about this builder vs. others in the area. We are pleased with our home. It looks like there is good quality work that was done. Unfortunately, they are out of business according to the BBB. Good luck.

Out of Business
According to information in BBB files, this company is no longer in business. If you have an unresolved dispute with this company you may wish to seek legal advice.

Government Actions
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

On May 23, 2012, an indictment was issued against this business by a federal grand jury in Denver, Colorado. Charges filed indicate the business owner, Peter Capra, executed a scheme to defraud mortgage lenders through the use of applications for residential mortgage loans and related documents associated with real estate purchases in the Denver Metro area. On March 24, 2014 Capra was found guilty of 14 counts of wire fraud, two counts of mail fraud, and 10 counts of money laundering. The matter is final.

A copy of the US Attorney's Office press release can be read here:http://www.justice.gov/usao/co/press releases/2012/May2012/5 24b 12.html
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Thu Apr 3, 2014
Valerie Kleinman answered:
You may have to consider offering a l little over asking price if you truly want the home. Just remember it must appraise at that price. Don't ask them to do anything out of the ordinary in the contract, you will have an opportunity to ask during the inspection process if something needs to be repaired. And make sure you have a strong ,genuine, approval letter from a reputable lender.
Best of luck.

Valerie Kleinman
ERA Herman Group Real Estate
info@ValueInRealEstate.com
719-351-2393
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Mon Nov 25, 2013
Roxanne Fitzgerald answered:
Hello!

As many have pointed out, the costs of selling your home through a realtor can me much less that it would be if there are any errors through the real estate transaction without a licensed realtor. There are options in listing your home and it is important that you explore these with a qualified agent.

Selling a home can be a lot of hard work, and should not be done without an attorney if you wish to sell it as a FSBO or listed through a licensed real estate agent. You will likely sell your home a better price and will take less time than doing it on your own.

I suggest interviewing agents in your part of town, such as Parker or Castle Rock to assist you in determining the right price, the marketing approach that will sell the property and assisting with the legal aspects of a real estate transaction.

Best wishes. If there is anything that I can do for assist you with any additional questions, please feel free to let me know.

Roxanne Fitzgerald

Realtor ReMax Professionals
303-588-4004
rfitzgerald@remax.net
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Fri Sep 13, 2013
Darrick Gilliard answered:
Hi Jim,

You agent should "feature your listing" This will give your property more exposure and will give him anybody that is interested in your home, Immediate Notification! Excellent feature that will help him/her sell your home Faster!

Thanks!
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Thu Aug 1, 2013
Doug Zundel answered:
Fri May 31, 2013
Robert McGuire answered:
Shelley,

This is an update to an old question. The appraisers lately have been very cooperative and I have not had issues with appraisals for sometime. During these transition times with quickly appreciating homes, I have seen some real difficulties keeping up with the rapidly appreciating values. The appraisers now are actually taking the local appreciation into account and the appraisals are sometimes coming in higher than I think and higher than the sales price. This is definitely helping the market to improve.

Robert McGuire
Broker/Consultant
Your Castle Realestate
http://about.me/robertmcguire33
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Fri May 31, 2013
Robert McGuire answered:
Hi Ba,

Welcome to Denver. The best way is to determine what area you want to live in and contact a couple of agents in that area to interview. A good place to look is to the brokers here on Trulia. These are some of the most active and informed agent in the Denver area. I work and specialize in Central Denver and the Denver Metro Area, although as most of us, we are familiar with many areas.

The best way to move forward is with a Buyer's Agent. It is to your advantage in many ways. You have an agency agreement with a professional that works for you and in your own best interest. We have to have this agreement in place according to state board regulations in order to give you the full service that you deserve as a client. The good news is that in most cases the Buyer Agent commission is paid by the seller through the listing broker. You have everything to gain and nothing to lose by working with your own good agent. By regulation you can have only one Buyer's Agent that work exclusively for you.

Robert McGuire
Broker/Consultant
Your Castle Realestate
http://about.me/robertmcguire33
... more
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