The Deals out There are Incredible!

Buyers are truly missing huge opportunites...

Just surveying the active listings out there, and stumbling across a ton of bank owned properties, it is truly amazing the deals that are out there RIGHT NOW. There are a bunch of high end luxury homes that are a steal as an example. I saw a couple that had dropped over 200K. I have a home in Timber Canyon that has dropped 100K. I had a 7000 SF home with a pool that dropped over 145K until finally another Realtor has it under contract. She is guaranteed to make at least 100K in equity instantly when the market turns around (and it will). You KNOW when there are great deals out there when REALTORS START TO BUY THEM UP.

I'm telling you, if you are on the fence at all, you would truly be foolish to wait any longer for prices to drop more. You have no guarantee that will ever happen. My bet is that we ARE AT THE LOW POINT RIGHT NOW.

This Blog is dedicated to Parker Colorado Real Estate and Parker Colorado Homes, Elizabeth Colorado homes and land, Franktown Colorado homes, Castle Rock real estate, and metro Denver Colorado real estate property listings. Search the Denver MLS directly for properties and homes at http://www.coloradodreamhomes.info/ and access a huge real estate resource at http://www.coloradodreamhomes.net/

If You Area Buyer on the Sideline...

So the Fed just cut the Fed Funds rate by 75 basis points. That will in turn mean lower interest rates...eventually. Also watch the stock market, because the lower it goes the better it is for bonds, and the better it is for interest rates! But if the stock market climbs back then GAME OVER.

What you should be doing right now is have a clear line of communication with a lender! That might mean talking to them every day. That might mean that you might want to make a call on locking in an interest rate soon. Keep watching it closely. DO NOT sit and sit and wait and wait and keep thinking rates will keep going lower. You can try to time the low and look like a genius, but you will never know when it is there either, so good luck.

If you are buying at all this year, or even refinancing, timing is truly everything. In the blink of an eye interest rates could jump back up to 7% like they were as recently as last July.

The difference with a 200K loan at 5% vs. 7% is $270 per month. It can add up to a lot of savings!

When it feels right lock it in!

For more real estate insights, go to http://www.coloradodreamhomes.net/

New Dream Listing!

Offering superb quality in an unrivaled location, this home features 4 beds, 5 baths, and 3976 SF. This enchanting 1.75 acre lot backing to open space boasts one of the 3 largest lots in the entire Timbers, combining total privacy with picturesque views of Mount Evans, perfectly framed among stately 100 year old Ponderosa pines. This dream home scores a perfect “10” for its combination of views, trees, privacy, and custom amenities.

This home was built for entertaining inside and out. A striking foyer is flanked by a formal dining room with built-in hutch, and a cozy formal living room. The main floor office features a wall of stately Walnut bookcases, with enough storage for any private book collection. A sweeping spiral staircase leads up to 3 generous bedrooms and a loft. The spacious main floor master suite is graced with forest and mountain views via a large bay
window, a see-through fireplace to curl up to, and luxurious master bath, complete with large soaking tub.

If you like large open spaces, the expansive family room is sure to delight, with high vaulted ceilings, a massive wall of windows centered by one of the largest arched windows you will find, and built-in entertainment system suitable for any flat screen TV. The kitchen is a chef’s delight, with large center island, granite counters, 42” hickory cabinets, gas cook top, and large walk-in pantry. You’ll also find artistically painted murals and faux painting throughout the home, giving it a very special look and feel.

If you value outdoor living spaces, off the breakfast nook is a fabulous stone patio with outdoor fireplace, hot tub, built-in Viking gas grill with granite counter, and matching granite table. The cavernous 2486 SF garden level basement with 10’ ceilings is a blank canvas to complete, but already has a well appointed full bath and offers 6 large windows, 3 of which are oversized wood casement windows rarely seen in a lower level.

Other Amenities Include:

-Soothing water feature in front of home
-Surround sound throughout the home
-Oversized 3 car garage...deep enough for the largest trucks
-Solid 6 panel doors
-Horseshoe pit
-New $4,000 water softner system for entire home
-Motorized blinds in family room for the James Bond kind of coolness!
-Security system
-4 ceiling fans


Don’t let someone else live YOUR dream. Come inside and experience this luxurious lifestyle yourself!

For more real estate insights, go to http://www.coloradodreamhomes.net/

Price Reduced so Jump on This One!

Price Reduced! Now only 349,900! This is a great opportunity on this home that features an eat-in kitchen is outfitted with honey maple cabinetry, center island, GE appliances, solid surface countertops with Corian edge, pantry, gas cook top, tile flooring, and refrigerator. The family room has a nice built-in entertainment center that flanks a gas fireplace with built-in surround sound. Upstairs features 4 bedrooms and 2 full baths. The vaulted master bedroom suite is enormous, with loads of windows, ceiling fan, and 5 piece bath with large soaking tub. This home is sure to leave a lasting impression!

Other amenities include:

-Full basement for you to finish to your tastes
-Formal dining room
-Powder room w/pedestal sink
-6 panel doors
-Sprinkler system
-Air conditioning
-Bull-nosed corners
-Large laundry w/sink and maple cabs
-Neutral throughout
-Wood blinds in every window
-Mountain views
-Recessed lighting
-Covered patio
-3 car side-load garage
-Formal dining room
-Graceful arches

For more real estate insights, go to http://www.coloradodreamhomes.net/

Let Me Take You Back To a Time...

And that time was right after 9-11. The world was shocked and the stock market took a dive, consequently dropping interest rates to an all time historic low. That in turn helped fuel a housing boom and price appreciation that will be remembered forever.

I'm watching the news and seeing that the worldwide markets took a dive today, meaning that Wall Street will in turn take a dive again tomorrow morning (after dropping an historic 8% in just the first 3 weeks of the year.) Bad news for the stock market is always good news for interest rates. We are in an interesting point in time where history could repeat itself. As recently as last JULY 2007, we had interest rates topping 7%. Now the averages are in the 5.5% range. Will they go lower? How low can they go? Who knows?


So what lessons can we apply from the past to today?

Number one, don't even think you can time the bottom. Can you time an interest rate bottom? No better than you can guess the Powerball numbers! Last time interest rates bottomed out at 5% for all of about 1 week. And most people just thought they would just go lower (its human nature.) It didn't happen. What you should be doing right now is have a clear line of communication with a lender! That might mean talking to them every day. That might mean that you might want to make a call on locking in an interest rate soon. Keep watching it closely. DO NOT sit and sit and wait and wait and keep thinking rates will keep going lower. You can try to time the low, but you will never know when it is there. When it feels right lock it in!

Number two, if you are lucky enough to be buying right now, and you have been watching prices slowly drop, and are waiting to see the prices drop further because of the looming recession, then you might be in for a big dissapointment. You will probably not get your cake and eat it too (low interest rates AND a steal of a price on a home.)

A. Colorado is not in bad shape compared to most of the country, because our valuse haven't tripled in the last 3 years.

B. There is a cetain % of the market that simply CAN'T drop their prices much...they simply don't have the equity to work with. And, as interest rates drop, more buyers come off of the sidelines and buy too, thus creating more demand and stopping or severly slowing the price declines. Investors are bound to come back into the picture to take advantage of the low rates, fueling more demand. The supply and demand equation will become more balanced, and could even make prices RISE AGAIN! That house you have been watching and watching and waiting to drop their price even more just might be gone one morning when you wake up. Then you may have to see 30 more houses to find one that you like as much. Recession or no recession, people will buy homes to take advantage of the low rates.

Its first come, first served in Real Estate. Think about taking some action!

For more real estate insights, go to http://www.coloradodreamhomes.net/