News Byte:
"Coulda, Woulda, Shoulda"
So long, farewell to the Home Buyer Tax Credit... but it's still a great time to buy a home... probably the best time ever! If you have a home under contract prior to April 30, 2010 then you may still be able to take advantage of the tax credit.
But if you're in the market for a home and you didn't get a chance to capitalize on the tax credit all is not lost. With property prices already low and staying relatively flat combined with truly historic low interest rates, a home buyer can capitalize on the best of both worlds. Rarely is there a time when both housing prices and interest rates are this low at the same time.
Buying a home now can save you 1000's as opposed to buying later. Why???? Because when interest rates move up a 1/2% to 1% that can increase your housing payment by $300 - $400 per month or more depending on your loan amount, not to mention the additional cost of housing when prices begin to move up. So take advantage of the market while you can instead of later saying, "Coulda, Woulda, Shoulda."
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Tips for Buyers
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Free services for Home Buyers.
You choose the “assistance” or "representation” you want.
You should know that we can represent your interests in a real estate transaction. Colorado Law requires that real estate brokers disclose the different broker relationships available to you when you engage the services of a broker to work with you. In either case, the services are generally FREE to you.
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The primary difference between the services offered is one of assistance vs. one of representation. It’s critical that Buyers know whose corner their agent is in BEFORE entering a real estate transaction with a Seller. Below is a brief description of a Transaction Broker and a Buyer’s Agent. The choice is yours, but most prefer a Buyer’s Agent.
Call or email Cheryl for more information.
720.373.0654
cheryl@DenverRealty.com
| TRANSACTION BROKER |
BUYER'S AGENT |
- A Transaction Broker assists the Buyer with a real estate transaction
as opposed to representing the interests of
the Buyer.
- A Transaction Broker uses reasonable skill and care in the performance
of their duties.
- A Transaction Broker must disclose any known adverse material
facts.
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- A Buyer’s Agent actually represents the interests of the
Buyer throughout the real estate transaction.
- A Buyer’s Agent owes duties of trust, loyalty, and fiduciary
obligations to the Buyer, thus negotiating
on behalf of the Buyer and acting as an advocate for the Buyer.
- A Buyer’s Agent seeks the lowest price and terms in a real
estate contract for the Buyer.
- A Buyer’s Agent can reveal the Seller’s motivations
and details about the Seller’s circumstances which
benefit the Buyer during negotiations.
- A Buyer’s Agent can determine the value of the property,
disclose how many days the property has been on the market,
the listing history of the property, the sold comparisons and statistics,
and much more.
- A Buyer’s Agent uses reasonable skill and care in the performance
of their duties.
- A Buyer’s Agent must disclose any known adverse material
facts.
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