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80235 : Real Estate Advice

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  • Home Buying2
  • Home Selling0
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Activity 843
Thu May 19, 2016
Dan Baldwin answered:
Yes had a great experience. Make sure you use a broker though to ensure your interests are the priority and not the builders. Some brokers may even be able to negotiate a better purchase price or free upgrades. ... more
0 votes 14 answers Share Flag
Sat Jan 12, 2013
Sean Dougherty answered:
On what? You need to give some more information in order to get valid answers!
0 votes 6 answers Share Flag
Wed Jan 23, 2013
Andy Eisenbaum answered:
Hello,

Please see below link for census data. I work in and know the Harvey Park area very well. Please let me know if I can be of service or if you would like any additional info (or to receive property alerts via email).

http://www.rdesk.com/communityinfo/CommunityReports.aspx?ReportName=Demographics&City=Denver&State=CO&ZipCode=80236

Best,
Andy Eisenbaum
Broker-Owner
Irontree Real Estate
(303) 335-9801
Andy@IrontreeRE.com
... more
0 votes 7 answers Share Flag
Sat Jan 12, 2013
James Ponzi answered:
Hi Bob,
Material defects must be disclosed if known by the seller of the agent. If you have proof the agent knew about the leak, you should ask them to address it. Not knowing the situation, I can't say for sure, but the agent may have thought it was fixed if they hired someone to fix it. It would be best to address it with the agent and see if they will take care of you before escalating the situation. ... more
0 votes 9 answers Share Flag
Mon Jan 7, 2013
Bob Gordon answered:
Any impact to Green Valley will be positive. I think residents will be overjoyed by the connection into Denver; the airport is already easily accessible.
0 votes 4 answers Share Flag
Thu Jan 31, 2013
Michael Mahoney answered:
Yes it does but there will be a compromise in there somewhere. For instance it may be on one of the streets farther from Broadway like Fox or Galapago, or need some work. In any event supply has been so limited you will need to be ready to go, and be right on it when it comes up. Hopefully your agent is on it, and familiar with the neighborhood. It some cases they may even be able to find you some properties before they hit the market. ;) ... more
0 votes 9 answers Share Flag
Sat Jan 5, 2013
Kayla Okafor answered:
Greg,
This property is presently owned by the bank. They are accepting offers and have it listed at the price of $179,900. I'd be glad to show you the unit and help you to put in an offer if you are interested.
Kayla Okafor
Denver Real Estate Connection
Owner/Employing Broker
Ofc: 303-455-0244, Cell: 720-296-2949
drckayla@aol.com
... more
0 votes 4 answers Share Flag
Thu Jan 17, 2013
Dan Tabit answered:
Kristi,
Ask your lender if you can do pre-paid MI. This is more cash up front, which you may not have, but it is a one time fee that you never have to worry about getting rid of. Depending on your upgrades and the market coming back favorably is uncertain. The rules the lender has in place to drop it may require you to have 25% equity before they are required from stopping the monthly MI.
You can read over the paperwork from the lender, or ask them for the rules; they would be your best source for the most reliable information.
... more
0 votes 10 answers Share Flag
Fri Dec 28, 2012
Dan Tabit answered:
Kristi,
Congratulations on buying your first home and for asking a great question. I can’t give you a blanket answer however. It will really come down to the rest of your financial situation. Your mortgage payment should be affordable, but not too comfortable. The first home is the one you should have to stretch a little to reach. Between your mortgage interest write off (which we hope is continued) and future raises, your payment will be more affordable over time.
If you are in other debt, car, credit cards, student loans, you may want to focus on paying them off first. The rates are generally higher and the value that those goods are on depreciates. If you don’t already have a safety net in the way of a savings account, I would go there next. Having several months of income in savings can help you keep your house if one of you loses a job or becomes ill and misses work for a while.
If you are otherwise debt free and have a great savings (emergency) account, then paying down your mortgage would be good. I think most people will find paying a little extra every month will have the greatest net affect. Every dollar over the minimum payment on a simple interest loan goes against the principle. As your principle decreases, the total interest you will be paying will decrease as well.
I hope this was helpful, congratulations again and best wishes for a great new year.
... more
0 votes 3 answers Share Flag
Mon Jan 21, 2013
Marina Bay answered:
Absolutely! Make an extra payment towards your principal, if you want to pay off your loan quicker.

Marina Bay
Cherry Creek Properties
0 votes 11 answers Share Flag
Wed Apr 26, 2017
Marina Bay answered:
Kristi,

Your first payment will be due March 1st. I explained it in detail in your other post.

Best of luck!

Marina Bay
Cherry Creek Properties
0 votes 8 answers Share Flag
Fri Nov 18, 2016
Ron Thomas answered:
These are questions for your Title Company and your Lender:
We cannot possible answer them; but I'll try.

I doubt that any Bank will go 60 days on the first payment; I would bet that you would have to beg for 35-40 days, and base your request on when you get paid. Understand that no matter when it is due, you will be paying interest on it, increasing your Vig.
Your Lender should have given you your GFE, which should show everything. They must, BY LAW!

And your Title Company should have given you your HUD1, which shows everything else. You may ask your Escrow Officer to sit down and explain everything to you: They do that.

Note: If you CLOSE in January, you will be pre-paying 6 month's of Taxes, whereas, February drops to 5 month's worth.
... more
0 votes 10 answers Share Flag
Mon Dec 31, 2012
Kim Davis answered:
Hi Lauren, I have the perfect location for you... the Stapleton neighborhood sits just on the border of Denver. Offers biking/running paths, pools in the summer, room to roam and is walking/biking distance to eateries and shopping. I specialize in relocations and it would be my pleasure to help you however I can.

Kim Davis
Broker/Owner
Re/Max of Cherry Creek Inc.
303.218.8373
... more
0 votes 12 answers Share Flag
Mon Dec 31, 2012
Marianne Bandy answered:
Congratulations to you! I suggest that you discuss with another lender to help you determine your next steps, paying off loans or saving for down payments. But, DO NOT WAIT another year!!! Homes appreciated about 10% last year, so if that continues, while you are waiting to gather more money, your buying power is going down. Connect with me if you'd like some names of reputable lenders. ... more
0 votes 12 answers Share Flag
Wed Aug 10, 2016
Sally Grenier answered:
Agents are unable to comment on crime or safety in any particular area. You can try researching the Denver PD website. Good luck to you!
0 votes 8 answers Share Flag
Thu Dec 27, 2012
Michael Huffman answered:
As the majority of Realtors in Denver are not property managers, the best place to look are rental sites like hotpads.com, rent.com, or craigslist. Good luck.
0 votes 3 answers Share Flag
Thu Mar 17, 2016
Michael Cheng answered:
Wow, that's old school. I would expect 1% return on leads for each month you do it at the same neighborhood. So, if you're looking for 10% returns on leads, knock on doors in the same area for a year. ... more
0 votes 15 answers Share Flag
Thu Dec 27, 2012
Maria Cipollone answered:
One of the disavantages of a FHA's loan is that potential buyers have to pay more money in private motgage insurance, because the down payment (only 3.5%) is smaller. There is a first one time fee for PMI that you need to pay and a monthly payment that can be rather costly. Sometimes, is a better idea to wait until you have save the 20% for a downpayment.

Best of Luck,

Maria Cipollone

Century 21 Tenace

www.Flahomespecialist.com
... more
0 votes 7 answers Share Flag
Sun Jan 27, 2013
Suzanne MacDowell answered:
It may get a little tense, but the seller will need to understand, no one is going to write a mortgage for a home in need of these types of repairs. So, if they refuse to negotiate with you, one of two things is going to happen; either they will have to do the repairs themselves, which sounds like it could be costly, or they will not be able to accept offers based on standard FHA mortgages going forward. Furthermore,iIf you allow them to see your home inspection report they will be obligated to disclose these conditions to future buyers.

It's hard to know whether people will be reasonable but it would be in everyone's best interests if they were. My suggestion would be to get a good repair estimate and at least try. I would also recommend that you do the repairs yourselves. That way you have some control over the qualify of the repairs.

Good Luck.
... more
0 votes 19 answers Share Flag
Thu Dec 20, 2012
Karen Hermelink answered:
I am working on a short sale with Wells Fargo myself, scheduled to close by December 28, 2012. From our experience over the last several months, you can call their customer service line for generic questions, but only the negotiator will have the real information you need. Over a 3 month period I have only managed to talk directly to the negotiator once. We have left almost daily e-mails and voice mails, with response only when the negotiator was ready. I also read that all banks handling short sales are overwhelmed with the volume due to the changes coming January 1. I wish you the best on your closing, but your only choice may be to let Wells Fargo be in control. ... more
0 votes 5 answers Share Flag
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