By Angela Lanfranco
Tips for a First Time Home Buyers in Aurora, Colorado
Golden Lenders has heard all the same variations that first time home buyers in the Aurora, Colorado area hear. Don’t you want to own your own home? Paying rent is a waste of money. Isn’t it time you “settled down” and got a home? Sound familiar? Well, despite the negative connotation that seems to flow along with all this “advice”, owning a home is an important milestone in your life, and should be considered, once you have the right information in place to gauge it. Ready to own a home? Consider the following.
How Much Can You Afford?
More than 80% of homebuyers begin their search for a home online. Seeking out loan parameter and financing options will help you to decide the price range you can comfortably afford. Golden Lenders offers first time buyer rates and great loan options for you.
How Long Will You Need to Search
Once you know your price range, it’s time to begin seeking out your new home in earnest. Armed with the vision of your perfect home, take the time to hunt, online at first, for the home that looks like it fits your perfect location, size, price and style. Find a few of these options, 3 or less, and call your realtor to set up an appointment go to the property and see it in living color.
Start slow, and take real time to view the property. Ask questions about age or any existing issues with the property, the neighborhood and any other juicy tidbits that the realtor may have in their notes. This is going to be your home, so be thorough.
On that note, there is no need to see dozens of homes and spend weeks visiting properties. If you are specific as possible about your search criteria, then you’ll find a few good prospects easily.
How Can You Compare the Homes You View?
- Bring a digital camera along and start each series of pictures with a shot of the house number or the for sale sign with the MLS number.
- Makes notes or bring a mini recorder for your Q and A with the realtor.
Take about a week between your home viewing to mull over your notes and pictures before making your final choice, then contact Golden Lenders for next steps to buying your first Aurora home.
By Angela Lanfranco
Use ARVADA Home Loans to Find the Right Home
There are a lot of criteria that go in to finding your new home, and ARVADA Home Loans wants to assist you with this crucial process. Consider the following when you begin your search for your next home. You’ll be glad you did.
It Really Is Location, Location, Location
The first and most vital criteria to be considered when you are looking to buy a home, the location will be a key factor in deciding what kind of future you’ll have in your new home. ARVADA Home Loans suggests looking at the following details very closely when considering your home search location.
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City Mouse of Country Mouse? Do you relish the quiet of the country and forego the noise of a more urban setting? Country settings also offer fewer conveniences than a suburban dwelling, but long drives on quiet roads can make up for a little more car time. Do you want to walk to the theatre, have a dozen different restaurants “around the corner”? Then a city home may be your ideal.
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The Burbs? As a location set somewhere in between country and city, the suburbs offer a lot of the same conveniences, to a degree, as a city home with a lot less noise, congestion and traffic.
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Once you decide between as country or city setting for your ARVADA Home, you need to think about where on a block you want to live. Want a dead end road to avoid traffic? Middle of the road (or block) fine with you or do you relish a corner lot to get a full view of all the action on your street?
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Location also can be effected by school districts and local tax fees.
Single, Double or Combo?
No, we’re not talking about fast food ordering, ARVADA Homes wants you to now consider the type of house you want.
We at ARVADA Home Loans are waiting to speak to you once you’ve got the perfect home in mind using this guide.
By Angela Lanfranco
The State of Colorado Home Sales in Early 2009
Are you in the process of obtaining Colorado home financing? If so, you may be walking in better shoes than those trying to get financed elsewhere in the country. According to information released on the last day of March, the average home price fell at an alarming, record pace throughout January. On the surface, this scares off potential home buyers from getting a home loan in Colorado. However, Denver was much better off than other metro areas.
The Standard & Poor’s/Case-Shiller home-price index, which started in 2000, showed the largest drop ever in 20 major cities. Colorado home financing was faring well along with the home prices in the Denver area. Denver seen a mere 5.1 percent decrease, while the average home price across the others decreased 19 percent. Colorado online mortgage lenders will be able to clearly help you understand what is going on with area real estate before you make any decision.
There’s a lot of activity going on with short sales, so much of the Colorado home financing has been helping home buyers get their hands on homes for less than what is owed on them. Jon Terry, a real estate broker from Realty Professional of America, says that’s one of the reasons we seen the small decline that we did.
Real estate broker Jon Terry of Realty Professionals of America Inc. points to a large number of short sales, in which homes are sold for less than the outstanding balance on the mortgage, and foreclosures as driving the decline. Many current home buyers are getting a home loan in Colorado for short sales, while regular home listings are taking longer to sell.
Another reason Colorado homes and Colorado home financing aren’t suffering as badly as in other areas is that there wasn’t an enormous appreciation of home values here. Those who were able to get Colorado home financing and buy a home here didn’t see the quick-rising appreciation as other areas did, such as Las Vegas. So, there wasn’t as much equity to be lost when the troubling times began. So if you’ve been considering a home loan in Colorado for that perfect, new home, hopefully this sheds some positive light on the situation. You can begin to see that this area has a more stable real estate market than in many other places.
If you’re still hesitant about entering into a Colorado home financing contract, look a little deeper than what the news tells you. For instance, it may not be as bad as the Case Shiller index indicates. The Federal Housing Financing Agency is actually more reliable. That’s because they consider appraisals for refinancing, and not solely home sales. The FHFA index only includes homes that are valued $450,000 and less. However, they cover a much larger area. Their numbers indicate nationwide housing sales only dropped 6.3 percent from the last year (with mountain states at 9.2 percent).The FHFA first quarter numbers for 2009 are not available yet, though. They release data quarterly for state-specific areas.
Whether you need Colorado home financing because you want to buy a new home off the regular market or try to get a deal through a short-sale, using Colorado online mortgage lender like Golden Lenders could speed up the process
By Angela Lanfranco
Denver Home Buying Seminar 2 May 09
GoldenLenders is hosting Denver home buying seminars that will be held on a monthly basis. Since the recession began, a lot of things have changed in lending and buying a home in general. These Denver home buying seminars are jam packed with useful information. Regardless if you are closing a home tommorow, or already own a home, these seminars can and will help you with your next home purchase. There will be plenty of professionals there to answer any questions you may have.
Some will go into the home buying process solely relying on their Realtors for expertise. We do believe Realtors play an important role in the home buying process, but your loan will be with you for 15-30 years… Why not learn about it? The choices you make now will reflect how much you spend or save on your next home purchase. The best thing about this Denver home buying seminar is – Its Free! Definetely a good time to bring the family, spouse, girlfriend or boyfriend, son or daughter, or come solo. This is some very in depth 2009 loan information that you won’t wanna miss. We will cover a range of topics from rates, points, and 2009 incentives from the U.S. Government such as Tax breaks and HUD.
You can register 1 of 2 ways for the seminar. You can shoot us an email or give us a call. This is a no pressure seminar and our goal is solely to educate consumers. Contact Mr. D.J. Robbins for further information or reserve your slot for this Denver home buying seminar today.
303-482-2361
“OPENING MORE DOORS TO HOME OWNERSHIP”
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