Sonnie Sings The Magic Flute

Opera at Metro State

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Still feeding the hungry, still need your help

THIS YEAR I pledged to give $100 to Inter-Faith Community Services Food bank for every home I sold this year. So far Linda & I have given over $2000. There is more to come. You have been asked to join us in this effort and to date for every dollar we have given an additional 84 cents has been pledged.

If you have not joined this effort you still can, or get a personal update of your giving by calling 303-789-0501 and speaking to the fine folks at InterFaith.

A food bank can stretch a dollar a lot farther than we can.

So join us. Make a pledge for every home we have closed this year and those to come. You do not have to match us dollar for dollar…pledge $1, $5 or $10 or just make a one time gift.

Every time we make a $100 donation Inter-Faith will contact you and let you know.

We just want to help feed the hungry, and would love your help.  

FeedingNehemiahWe are all so blessed!

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Denver Home for sale Denver Square West Wash Park

3 bedroom 1 1/2 bath in a historic block a real QT-PIE an 88 walk score too!

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Rare Thornton Ranch convenient lifestyle quiet neghborhood

Over 1800 sq ft on main, perfect for empty nester it offers 3 bedrooms and 2 full baths on the Continue reading

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I just don’t see it!

Yesterday I heard a guy on the radio telling the world how awful the foreclosures were here in Denver. A Realtor called to disagree saying he did not see it. The same “expert” claimed appraisal issues were a big thing. I agreed SIX MONTHS AGO! Today, for the first time in over 1.5 years Fannie Mae Home Path properties number less than 50 in Douglas County (that includes Highlands Ranch, Parker & Castle Rock).
Where is this crisis? In the media’s mind. They cannot find a story anymore so they use old news to create one, instill fear in us, the public whom they are supposed to serve (that is so twentieth century!).

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Denver Relocation of Arrow Electronics & GE Solar

If you know anyone with either of these two companies, they may want to know what Denver is really like in the winter. This is such a typical day in metro Denver CO.

I shot this video in Highlands Ranch which is about 600-700 feet higher (colder) than downtown Denver.

Please share this with any friends you may have at either of these organizations. Or if you know somebody who has said they want a home in Colorado.

Posted in Castle Rock, Centennial, Colorado, Denver, Denver Real Estate, Denver Realtor, Englewood, General Real Estate, Highlands Ranch, Littleton, | Leave a comment

Buying up in a down market, very good timing right now in Denver

I have experienced this before, a down market like this, in the late 1980s. As a matter of fact, we bought our dream home from a builder then, and still live there. It was serendipitous, and completely the fault of 2 other clients, but you never know until you ask. Here is a video we shot at the recent Colorado Association of Realtors  Convention in Denver…

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Buying a home in Denver may depend on your loan application

Denver home buyers want to understand what is required for a loan. especially
as underwriting guidelines for lenders become more stringent, we need to re-examine what a good mortgage application looks like. As home buyers begin their search for a home, there are a few items they should be aware of that they can do to help get their loans approved (with the best possible terms), and, at the same time, lessen some of the stress that goes along with the mortgage process.

1. Income documents

Most lenders want to see a full month of paystubs and two years’ complete Federal Tax Returns. Assembling them ahead of time and holding on to every paystub you get is a good idea even before you find a home and/or submit your mortgage application because it will save you time later. Moreover, looking at those documents and being prepared to explain any deductions that show up is crucial. Child support, alimony, garnishments, and Unreimbursed Employee Expenses are often crippling factors that, if explained and dealt with upfront, can make your loan approval smoother.

2. Asset documents

Most lenders will scour your bank accounts for the two months prior to going to contract. They are looking for large deposits because large deposits can signal a new loan that wouldn’t show up on your credit report yet. What’s a “large deposit”? Typically, any deposit that would represent more than your income can support. If you make $5000 a month, after taxes you likely net $3800 (or $1900 a bi-weekly pay period). Therefore, deposits in excess of that will need to be explained and documented. Sold a motorcycle? Have a paid receipt and motor vehicle documents in place. Received a gift? You will need a Gift Affidavit, proof of the donor’s ability and transfer of the funds. Any and all questions should be discussed with your loan officer.

3. Credit Score Optimization

Do your best to curtail your use of credit as it relates to your available credit lines. Target a cap of 30% of usage of available lines to get the best scores. Do NOT cancel credit cards. That will lower your amount of available credit, thereby raising your percentage of usage. That will damage your score. Do NOT shop for a car, explore life insurance, apply for a new credit card or increase the limits on your current cards because the running of your credit by people in other industries will also lower your credit score. Most importantly, don’t do anything that will require having your credit run without first discussing it with a mortgage professional who knows the impact it could have.

4. Appraisal Concerns

It’s unlikely you will make an offer to purchase without checking out comparable home sales. It’s also likely you received that type of data from the real estate agent you are working with. Make sure your agent prepares the same information for the appraiser. Data about similar sales, similar homes currently on the market and maybe even cost estimates for any repairs or improvements anticipated can preempt future problems with appraised values and conditions.

Overall, it is recommended that you hold onto copies of everything financial, think before allowing your credit to be run and work with an agent and loan officer who can use their experience to put your loan application in its best possible light…as soon as you start thinking about buying a home.

Lori Richardson

Vice President
Cherry Creek Mortgage Company, Inc.

Posted in Castle Rock, Centennial, Colorado, Denver, Denver Real Estate, Denver Realtor, Englewood, General Real Estate, Highlands Ranch, Littleton, | Tagged , , , | Leave a comment

Real estate listings advert rules

Yes there are disclosure rules on each and every real estate site. The State of Colorado has these rule and the National Association of Realtors does too.

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Denver Real Estate by Denver Realtor.wmv

The Denver inventory of homes for sale is down from January 1st, abnormal according to this Denver Realtor. Pete Doty Continue reading

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