Should I buy a short sale?

People ask me all the time “what is a short sale?” Or as my mother likes to say “There’s a house in the neighborhood for sale, I think it’s one of those quick sale things you told me about…”

A short sale is a house that is for sale but the owners owe more on the [...]

First time home buyer tip #5

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 had [...]

First time home buyer tip #4

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 real [...]

First time home buyer Tip #1

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 take [...]

Ins and outs of the home buyer tax credits

As expected, on Thursday night the U.S. House of Representatives passed the first time homebuyer tax credit extension and the President has signed it. The bill extends the current $8,000 tax credit deadline to April 30, 2010. You must be under contract on a home by April 30 and then close by June 30 in [...]