For today’s first time home buyer tip I am directing you to the HUD website where they answer 100 questions about buying a new home. I wish they had a PDF version for you to download but alas they don’t, but I still think it’s a great resource because it answers questions about how the [...]

Be very, very, very, very, very careful about deciding you want to try and buy a short sale home. What is a short sale you ask? Click here, and read my recent post on “Should I buy a short sale?” I love helping first time home buyers so if you have any questions or would [...]

Try to decide what you want vs. what you need in a house. This helps your real estate agent narrow down the search and focus on specific neighborhoods and whatnot. For instance, maybe you want 3 bedrooms but really only need 2 – your agent can search for 3 bedrooms in your price range, but [...]

Homes aren’t free! I know, I say this a lot and people always look at me strangely. Actually they look at me strangely a lot, but that’s beside the point here. I say this because I’ve had more than one contract fall through on a home that I was selling because the first time buyers [...]

This post is a follow up to my other posts on the first time home buyer tax credit in order to clarify some details: The credit is actually for up to 10% of the home’s price. In the north metro Denver area however you could barely buy a mobile home (that’s been purged and considered [...]

Once you’re under contract on a property do NOT go out and buy a bunch of “stuff.” Sure it’s tempting to go put new furniture on layaway or even buy a new car but it can seriously undermine your mortgage approval. The lender can decide you took on too much additional debt and pull the [...]

Always view a home with resale potential in mind. Sure it looks good now, and the price seems right, but 5 or 10 years from now when you decide you want to sell your home and move up, you need to keep in mind that not everyone finds living across the street from 7-11 a [...]

Visit the Colorado Housing and Finance Authority (CHFA) website to check out their loan programs and what they do to assist first time home buyers. If you have the income to afford a mortgage, but don’t have a lot of cash on hand for a down payment or closing costs, you may be able to [...]