Buying real estate continues to be cheaper than renting in the vast majority of major U.S. cities, according to a quarterly rent vs. buy index from real estate search and marketing site Trulia. This index compared the median list price and the median annualized rent on a two-bedroom apartment, condominium or townhouse in [...]
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Bargain Bin Shopping Westminster, CO housing market is competitive and it makes sense that prospective buyers are becoming increasingly interested in foreclosures. After all, some of these properties – which accounted for about 20 percent of home sales in June, by the way – are selling at up to 50 percent less than [...] Here’s what you need to know about getting a mortgage for an investment property: If you are buying a 1-unit investment property, you need 20% down. Fannie Mae underwriting guidelines say you only need 15% down. However, you also need mortgage insurance if you have less than 20% down, and no mortgage insurance [...]
Renters have been happy to sidestep the drama homeowners have suffered in the roller-coaster housing market. But they are now facing the downside of the real estate market’s correction. With apartment and rental housing construction halved in recent years and a wave of former homeowners competing for apartment space with [...] Homeownership is Still the Best Investment In Westminster, CO, a Pew Research study done in March revealed that 81% of adults still believe buying a home is the BEST long-term investment you can make. What’s amazing to me about this study is that 47% of the respondents said that their home has dropped [...] In Colorado, Westminster Real Estate is still seen as a solid investment and Coloradans in general are more optimistic about the economy and the future. We have expanded our economy by adding a lot of green industries and hope that this transition will bring more job growth as well as higher paying jobs into [...] As the rules for getting a home loan have tightened, the list of documents that home buyers must bring to their lenders is expanding. Home buyers and sellers often bristle with the mere thought of all the paperwork they expect they’ll have to come up with to do their transaction. this is above [...] Buyers have a long list of what they want when home shopping, but one of their biggest desires is a good deal. Buyers are spending more time negotiating than every before. They will even walk away from deals if they can’t get what they want and go on to the next property. Sellers [...] When Should I Buy A Home? [...] I just had my first bid of 2011 accepted and we were encouraged on the offer that they had accepted. We asked for closing costs and a price reduction and got it! Now comes the interesting part. Find homes at nancymikoda.com In Colorado, we have 3 different companies that are handling our [...] |
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