Contract Timelines Will Affect You

Buyers and Sellers, Your World is Changing, so listen up!

Some changes have taken place on the lending side that will affect your world and you really need to know them when writing contracts. These changes took place 7/30/09. It will affect how contracts are written and how transaction fees are disclosed.

New guidelines for dates:

Loan Application Deadline: 1 day only
Inspection Deadline: 3-4 days
Resolution Deadline: 4-5 days
Appraisal Deadline: 3 weeks minimum
Closing Deadline: 6 weeks
Ideal closing date: around the 20th of each month, NOT THE LAST DAY

Basically what this is going to do is slow down the entire real estate industry. Once the lender gives a good faith estimate, if the APR changes by 1/8 of a point by the closing, new disclosures have to be signed and the clock rolls back on the lending process, causing delays for your buyer.

A 30 day close is going to be next to impossible to pull off. A 45 day close is highly recommended and might be the only thing you can rely on. You need to give enough time for the appraisal process (2 solid weeks after your Inspection Resolution Deadline,) and you do not want to close at the end of the month, or even close to it if you can help it. If that 1/8 rule gets broken at all and the loan is delayed, you better allow yourself breathing room to close it that month. AND if the closing doesn't happen the last day of the month and has to leak into the next month, the APR will automatically change more than 1/8 of a point, and you are guaranteed a 1-2 week delay and a lot of heartache for all parties at that point.

Who is going to look bad in the deals? The lender. And consequently the buyer. And consequently YOU. But the lenders are getting pushed around by these new government rules and they can’t do anything about them.

Most fees to the buyer are going to have to be disclosed to the lender once you are under contract, because he will have to build that into the APR. Also, Title companies are going to have to get used to putting out estimated HUD's sooner than they ever have; anytime a buyer wants to lock in a rate it will be needed so the lender is aware of all of the fees and can disclose them up front.

So be advised that if you ignore these changes potential pain is coming for your contract!

Search the Denver MLS for Parker Colorado Real Estate -save searches or set up automatic email alerts yourself. Its simply the most accurate tool you can have for your home search!
www.ColoradoDreamHomes.net

Discover the Value of Your Colorado Home -Home Sellers! Knowing what your home is worth in today's market is important when you are thinking about selling your home. Get a FREE Report of similar homes in your neighborhood.
www.ColoradoHomeValues.net

Housing hits a bottom

I do NOT agree with the article. I believe we may be at a bottom, but a bottom that will last until 2015, at least price-wise. All we are going to do is chug along the bottom with no appreciation at all. There will still be deal to be had for savvy buyers with good agents though.


Housing starts and sales expected to rise modestly in July

Housing, which led the economy into recession, may be one of the forces that helps to pull it out of the ditch. After 14 quarters of declining investment in homes averaging one percentage point of GDP per quarter, residential investments could actually add to the nation's gross domestic product in the third quarter, economists say. No one expects a renewed housing boom. But at least sales and construction spending aren't falling any more.

Signs of stabilization abound:

Home builders are gradually becoming more hopeful, even though surveys show most builders are still very discouraged. The builders' housing market index has risen in four of the past five months.

Housing starts have increased in four of the past five months after tumbling to a postwar record low. Building permits for single-family homes have risen at a 109% annual rate over the past three months.

Sales of new single-family homes have risen three months in a row after falling to a record low in March.

Sales of existing homes have risen four of the past five months, supporting by a government subsidy for first-time buyers and by sales of foreclosed homes.

Three of these key housing indicators will be released in the coming week, with the fourth arriving a week later. Economists surveyed by MarketWatch expect all four to continue to rise modestly. "Home sales and construction are still at low levels, but evidence is growing that they are past their lows and beginning to rebound," wrote economists for Moody's Economy.com. "Most influences on housing demand are still negative, but with the recession winding down it has become increasingly difficult to sustain the kind of weakness witnessed over the past couple of years." On the positive side: Prices have fallen, mortgage rates are relatively low, and first-time buyers are being subsidized. However, on the downside, jobs are still being lost, home prices are still falling, incomes are stagnant, and credit is still tight. The home builders' index will likely rise to 19 in August from 17 in July. The data will be released on Monday at 1 p.m. Eastern. The next day, the Commerce Department will report on July data for housing starts and building permits. The MarketWatch consensus calls for starts to rise about 2% to a seasonally adjusted annual rate of 596,000 from 582,000 in June. Builders are still deeply pessimistic as a group, but some are clearly finding it profitable to resume building, especially in areas that didn't overbuild during the boom. There are 281,000 new homes for sale, and it's taking nearly a year to sell a home built on speculation once it's been completed. Builders also have to worry about the inventory of condos and existing homes. "The excess inventory is gradually being absorbed," wrote David Greenlaw and Ted Wieseman, economists for Morgan Stanley. "However, the adjustment process will take some time to play out. So we look for only a modest pick-up in homebuilding activity over the near term."

Economists for Bank of America's Merrill Lynch believe starts have rebounded too quickly in recent months, given the massive inventory of competing homes on the market or waiting on the sidelines. They expect starts to drop to a 542,000 rate. The housing starts data are extremely unreliable on a month-to-month basis, with standard errors of more than 10%. However, the data become more reliable on a four-month average. The single-family building permits data are fairly reliable even on a month-to-month basis (standard of error of less than 2%). Sales of existing homes also seem to have found a bottom, but that may due more to artificial supports for buying than any fundamental strength in the market. In recent months, first-time buyers have accounted for a third or more of sales, helped by the government's subsidy. Distressed sales have also accounted for a large, but shrinking, share of sales. Economists think sales probably rose to a 5 million seasonally adjusted annual rate in July from 4.89 million in June.



For more economic news and information, please visit www.marketwatch.com

Search the Denver MLS for Parker Colorado Real Estate -save searches or set up automatic email alerts yourself. Its simply the most accurate tool you can have for your home search!
www.ColoradoDreamHomes.net

Discover the Value of Your Colorado Home -Home Sellers! Knowing what your home is worth in today's market is important when you are thinking about selling your home. Get a FREE Report of similar homes in your neighborhood.
www.ColoradoHomeValues.net

First Time Buyers Get Even a Better Break! What About Everyone Else?

From: NAR Government Affairs
Date: 29 May 2009
RE: Tax Credit Guidance for FHA Loans Announced by HUD


In his speech at the National Association of REALTORS Housing Summit on
May 12, 2009, US Department of Housing and Urban Development (HUD)
Secretary Shaun Donovan announced a program that allows borrowers to use
the first-time homebuyer tax credit for a down payment or closing costs on
a FHA-insured mortgage. The Secretary said We think the policy is a real
win for everyone, ensuring that borrowers can tap into the numerous
organizations that are already part of the FHA network to receive this
additional benefit.

The details of the program were announced today in Mortgagee Letter
2009-15. Government entities and instrumentalities of government may
provide a second mortgage. Currently, 10 state housing finance agencies
offer a product buyers can use that will effectively monetize the tax
credit for down payment purposes. These states are Colorado, Delaware,
Idaho, Kentucky, Missouri, New Jersey, New Mexico, Ohio, Pennsylvania, and
Tennessee Get information on these programs at
http://www.ncsha.org/section.cfm/3/34/2920.. State Associations are
encouraged to work with their respective housing finance agency to
implement similar programs. The 3.5 percent down payment may also be a
gift from a family member, employer or nonprofit, charitable organization.

The original guidance permitted lenders and HUD-approved nonprofits and
lenders to offer bridge loans via second lien financing or short term
loans. Guidance released today allows lenders to offer the monetized tax
credit for down payments in excess of 3.5 percent, closing costs and
interest rate buy downs. Mortgage industry leaders have indicated that
this type of product may not be immediately available to consumers.
Lenders will need some time to develop documentation for what will
effectively be personal loans to the home buyer.

Read the HUD Mortgagee Letter at
http://portal.hud.gov/pls/portal/docs/PAGE/FHA_HOME/LENDERS/MORTGAGEE_LETTERS/2009_MORTGAGEE_LETTERS/09-ML-15%20USING%20FIRST-TIME%20HOMEBUYER%20TAX%20CREDITS.PDF


For information on FHA contact Jerry Nagy at 202.383.1233,

Rates Are on the Rise! Did You Take Action For Something Better?

In case you haven’t heard, mortgage rates went up drastically Wednesday. To be specific, 0.50% to RATE in 1 day!

The main reason for Wednesday’s tsunami...OVERSUPPLY. The Treasury has literally been printing money by way of Treasury auctions to pay for the massive spending initiatives. Not to mention that these hundreds of BILLIONS of dollars of new Bond supply have to be absorbed by the market, so the additional supply literally weighs on the entire Bond market and drags prices lower. Also, when you think of supply, consider they myriad of refinances and all those loans have been bundled, packaged and sold on Wall Street. This additional supplyhas now started to hit the secondary market, as those closed loans are now getting turned around and sold. This supply also must be absorbed, and while the Fed has been a buyer, they simply can’t buy enough to balance all the selling. It’s Economics 101, anytime supply vastly exceeds demand, prices will move lower. As prices move lower, yields rise and that rise in yield will attract new buyers as they get a higher return on their investment. This process is how the market finds balance.

The question on everyone’s mind, will rates come back? The answer is that we will probably see some improvement, of which we saw a 0.25% decrease in RATE this morning. However, it will be difficult to see rates fight back to the levels they were at just last week. There are both fundamental and technical reasons why a retracement back to last week’s levels would not be easy. We are advising our clients to carefully float.


FHA ANNOUNCEMENT

It was just announced that the FHA will allow the $8,000 first time home buyer credit to be applied directly towards home purchase costs. More details to follow.

Remember, your clients never pay for an appraisal at RMA. We will refund any appraisal cost to your client at closing. Any market or loan related questions, please feel free to ask.

Short Sale Heaven! Come and Get it!

GREAT OPPORTUNITY. GREAT LOT. STAINLESS S APPLIANCES. BEAUTIFUL FRENCH DOORS LEADING TO A LARGE PATIO. PRIVATE CUL-DE-SAC LOCAT ION. HUGE GREEN BELT ADJACENT TO PROPERTY. FINISHED BSMNT. VERY OPEN BRIGHT. WARM NUETRAL COLORS. READY TO MOVE IN.

Want to See Bargain Real Estate at its Finest!

How about a 200K price Reduction? Its a new home in Pradera in Parker Colorado. Its on a premium lot that will be hard to duplicate anywhere! And its in a world class golf community with awesome clubhouse and pool! Call me now to see it!!

The Time is NOW For First Time Home Buyers!

First Time Home Buyers Listen Up!

Avoid The Most Common Buyer Errors when Buying a Home in Parker Colorado, or anywhere in Colorado for that matter!


Shopping for a new home is an emotional experience. It's also time consuming and comes with a myriad of details. Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. Their home purchase turns into an expensive process. These errors generally fall into three areas:

Paying too much
Losing a dream home to another buyer
Buying the wrong home
When you have a systematic plan before you shop, you'll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase:

Bidding without sufficient information
What price do you offer a seller for there Lexington South Carolina homes for sale? Is the seller's asking price too high? Is it a deal? Without research on the Lexington SC market and comparable homes, you could lose thousands of dollars. Before you make that offer, be sure you have researched the Local Lexington SC Real Estate market. A professional Realtor®, can offer an unbiased opinion on the value of a home, based on market conditions, condition of the home and neighborhood. Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity.

Buying a mis-matched home
What do you need and want in a home? Sounds simple. Yet, clearly identifying your needs and bringing an objective view to home shopping, leaves you in a better position. Sometimes, home buyers buy a home that is too large or too small. Perhaps they didn't consider the drive to work, the distance to school, or the many repair jobs waiting for completion. Plan ahead. Use your needs list as a guideline for every home you view.

Unclear title
Before you sign any document, be sure the property you are considering is free of all encumbrances. As part of their services, a realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements.

Outdated survey
Before the purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor's new fence which is extending a boundary line, etc.).

Unexpected repairs
For $300 - $500 a professional inspector will conduct a thorough inspection of the home. This way, you'll have an idea of the cost of future repairs. Make the final contract subject to a favourable report.

Shopping without pre-approval
It only takes a few days to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer.

Remember additional cost
Besides the funds for the purchase of a home, you'll need funds for items such as loan fees, insurance, legal fees, surveys, inspections, etc.

Rushing the closing
Before you sign, ensure that all documentation clearly reflects your understanding and conditions of the transaction. Has anything been forgotten? Don't rush. You could lose money, financing or even the sale.

Let me help you with a smooth transaction on any Parker Colorado home for sale!

No Money Down is BACK for buyers of Parker Colorado Homes

Here’s is some GREAT news on the new 1st time home buyers tax credit. Through CHFA (Colorado Housing Financing Assistance,) 1st time home buyers can utilize a large portion of the tax credit “up front” for down payment and related costs. How huge is this?

A LARGE number of 1st time home buyers simply don’t have enough money saved up, even though they can afford these homes.

It seems like it would be a good time to GET OFF THE FENCE AND STOP RENTING!!!!

With both this program and the 8K tax credit available, and the fact that housing is more affordable now in Parker(small Cottonwood houses are 135K now.) Now you can get your down payment money loaned to you, then the loan is paid off with your tax credit next year. Guess that makes it a no-money down deal! Seems doable.

Aurora Colorado Home Goes Quick!

Don't even tell me we are in a recession! This property had 31 showings and 6 offers in 2 days! It must be the expert marketing!

Pity those buyers on the fence!

This home is on a nice quiet interior corner lot. It could be the perfect started home!

If you are looking for a 1098 SF ranch on a .23 acre lot, look no further! With 4 bedrooms and 2 baths, it features a kitchen with nice appliances and lots of counter space, and a family room with 2 sided fireplace. The basement is finished, so you can enjoy retreating down there in the hot summer months to your large rec room or workshop. The lot is a true gem! Its nice and private, flat and usable! Because it’s a corner lot there is a side gate for parking an RV back there. It also has an expansive patio and multiple garden areas. You are also within walking distance to an elementary school and park. Its time to take action before its gone!

Digging Out of the Mortgage Mess

Digging Out of the Mortgage Mess

Clarification on First Time Homebuyer Tax Credit

QUESTION:

I read that the tax credit is "refundable." What does that mean?

The fact that the credit is refundable means that the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. This is not a deduction or a reduction in income to reduce tax liability, it is a REFUND. Typically this involves the government sending the taxpayer a check for a portion or even all of the amount of the refundable tax credit. This means that if someone needs to borrow the down payment funds, it will be able to be repaid back after 2009 taxes are filed and the refund is received.

For example, if a qualified home buyer expected, notwithstanding the tax credit, federal income tax liability of $5,000 and had tax withholding of $4,000 for the year, then without the tax credit the taxpayer would owe the IRS $1,000 on April 15th. Suppose now that the taxpayer qualified for the $8,000 home buyer tax credit. As a result, the taxpayer would receive a check for $7,000 ($8,000 minus the $1,000 owed).

This is great news to get people into homes and to reduce some of the inventory out there. If you have any further questions, please email me back and I can send you more detailed information or have your clients talk to a tax professional regarding the details.

HomeBuyer Tax Credit

HomeBuyer Tax Credit
Incentive to purchase in 2009

The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.


Tax Credit Info

Is Obama Our Savior?

Links to White House direct PDFs detailing Obama's plan announced today
________________________________

Three documents were released by the White House regarding the new "foreclosure plan" President Obama unveiled earlier today.

Technically the name is the Homeowner Affordability and Stability Plan. The first document is a detailed summary of the provisions outlined by the administration today. The second document describes how the plan will help different "families" facing foreclosure. The third is a question and answer series.

1)
Overview (2009 White House Housing Fact Sheet)



2)

Program Examples (2009 White House Fact Sheet: 3 Housing Examples)



3)
Q&As (2009 White House Homeowner Affordability and Stability Plan Questions and Answers)



We hope that you and your clients will find this information useful.

50k Douglas County Housing Help!

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Here's the $50K Douglas County Program. Now tell me why in the world is everyone focused on first time homebuyers? They are what, maybe 10% of the entire home market? I DON'T GET IT!!!!!!!!!!!!!!!!!!!! (But if you are then call me I can help!)

FIRST-TIME HOMEBUYER TAX CREDIT

Here is the latest on the FIRST-TIME HOMEBUYER TAX CREDIT

As Modified in the American Recovery and Reinvestment Act

Major Modifications Shaded



FEATURE

CREDIT AS CREATED JULY 2008

APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008

REVISED CREDIT –

EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 AND BEFORE DECEMBER 1, 2009


Amount of Credit

Lesser of 10 percent of cost of home or $7500

Maximum credit amount increased to $8000


Eligible Property

Any single family residence (including condos, co-ops, townhouses) that will be used as a principal residence.

No change

All principal residences eligible.


Refundable

Yes. Reduces (or can eliminate) income tax liability for the year of purchase. Any unused amount of tax credit refunded to purchaser.

No change

Purchasers will continue to receive refund for unused amount when tax return is filed.


Income Limit

Yes. Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000).

No change



Same income limits continue to apply.




First-time Homebuyer Only

Yes. Purchaser (and purchaser’s spouse) may not have owned a principal residence in 3 years previous to purchase.

No change

Still available for first-time purchasers only. Three-year rule continues to apply.


Revenue Bond Financing

No credit allowed if home financed with state/local bond funding.

Purchasers who utilize revenue bond financing can use credit.


Repayment

Yes. Portion (6.67% of credit or $500) to be repaid each year for 15 years, starting with 2010 tax filing.

No repayment for purchases on or after January 1, 2009 and before December 1, 2009


Recapture

If home sold before 15-year repayment period ends, then outstanding balance of repayment amount recaptured on sale.

If home is sold within three years of purchase, entire amount of credit is recaptured on sale. Applies only to homes purchased in 2009.


Termination

July 1, 2009

(But note program changes for 2009)

December 1, 2009






Effective Date

Purchases on or after April 9, 2008 and before January 1, 2009. Repayment to begin for 2010 tax year.

All revisions are effective as of January 1, 2009

Under $300K getting tighter

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Good Data for a Good Mood!

Denver to Replace Midwest is the real leader as the new heartland of Jobs!




Colorado Jobless claims DROP….trending against the Nation.



Home price drops not near in Denver what they are across the country. (for most people 13% on the house value is nothing compared to 30%-50% or 75% lose in stock values)

Murphy Creek Steal

What a Great Value! If You Wait Too Long it Will be Gone!



Offering stylish amenities and a jaw-dropping value, this 5 bedroom 3 bath home could be yours, but only if you are willing to take action! Buyers on the fence will surely wish they hadn’t missed this one.

At 2600 SF above ground, plus a full 1276 SF basement, there is no argument that this is a lot of house for the money. The kitchen boasts Cherry cabinets and hardwood floors. The main floor master has large windows and a walk-in closet, and a elegant 5 piece bath with large soaking tub. Upstairs is a loft plus 3 ample sized bedrooms. The best part of the upstairs is an enormous bonus room that could serve as an upstairs family room or 5th bedroom.


Other amenities include: -hardwood entry -powder room on the main level -laundry room on the main level -attached 2 car garage -air conditioning -backs to open space/elementary school -low maintenance yard -sprinkler system



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

Call a Murphy Creek Expert! Jeff Kroll today for a private showing at 303-717-1492!

More pix are at www.ColoradoDreamHomes.net!

Go to www.coloradodreamhomes.info to search the Denver MLS directly; save searches or set up automatic email alerts yourself. Its simply the most accurate tool you can have for your home search!

Go to www.dreamhomecomps.com to check out recent home sales in your area!

If you feel like your home should get this kind of attention and exposure on the Internet (on over 40 different sites), then call Jeff TODAY at 303-717-1492. He uses the latest technology, and he has a marketing plan that gets results!

Call today at 303-717-1492!

Massive Ranch, Massive Appeal!

A Pradera Dream Home...It's Within Your Reach!

Offering excellent craftsmanship in a superb location, this home features 5 beds, 5 baths, and 5532 finished SF. Now is the chance to own a massive ranch style home (with over 3400 SF just on the main level,) complimented by exquisite appointments throughout. The location speaks for itself; on a .76 acre cul-de-sac lot in the prestigious Pradera golf community, that is gently sloping and backs to a vast open space with a view of a
seasonal pond. The exterior of the home is completely maintenance free with stone, stucco, Trex, and concrete tile roof, leaving you ample time for more important things...like your golf game!

Throughout the home large spaces surprise and delight. An elegant row of columns greets you at the foyer, welcoming you into the great room, which features an expansive wall of windows, built-in entertainment area, and high vaulted ceiling. The mammoth kitchen is highlighted by cherry cabinets, slab granite countertops, a built-in pantry, island that could seat 6 easily, and GE stainless steel appliances. Off the kitchen is a 48’ X 17’ partially covered Trex deck just perfect for summer parties. The appeal of this floor plan is that you have 3 bedrooms PLUS an office all on one level. The master bedroom has its own deck access and fireplace, and has an opulent bath with jetted tub, lavish 2 headed shower, and enormous walk-in closet.

The lower level is accessed via a wide open, airy staircase, leading down to a 37’ X 32’ rec room with a grand wet bar and ample space for multiple gaming tables and sitting areas. On either side of the rec room are twin 16’ X 17’ bedrooms, one with a private bath and one with access to a hall bath. There is still generous space left for storage, or you could add a 6th bedroom or private home theater with ease.

Other amenities include: air, oversized 3 car garage, electric air cleaners on each furnace, art niches, and laundry room with loads of cabinets!




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

************If buyer originates and obtains financing through Wells Fargo Home Mortgage, Seller will give buyer credit up to one
(1) percent of the sales price toward allowable closing costs and, if applicable, pay for an appraisal. Loans obtained
through Wells Fargo Joint Ventures are excluded from Wells Fargo financial incentives.

Call a Pradera Expert! Jeff Kroll today for a private showing at 303-717-1492!

More pix are at www.ColoradoDreamHomes.net!

Go to www.coloradodreamhomes.info to search the Denver MLS directly; save searches or set up automatic email alerts yourself. Its simply the most accurate tool you can have for your home search!

Go to www.dreamhomecomps.com to check out recent home sales in your area!

If you feel like your home should get this kind of attention and exposure on the Internet (on over 40 different sites), then call Jeff TODAY at 303-717-1492. He uses the latest technology, and he has a marketing plan that gets results!

Call today at 303-717-1492!

Call 1-800-475-1524 x 2099 to hear more about this home!

Fantastic New Price!

Your Timbers Dream Home Awaits! A Harmony of Design and Elegance on a Dream Lot!


If you have been waiting for that "deal," well it's staring you in the face! This home is priced to move NOW! Check the comps! This exclusive Timbers property won't last. HURRY!

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 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 patio offers the perfect escape to watch the deer roam or the glorious Colorado sunsets, all in complete privacy.

You simply cannot duplicate this lot in The Timbers. There is enough room to install a pool or the largest Sport Court money can buy back there! You already have your own private horseshoe pit and Bocce ball pit installed for friendly competitions.

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. Create your own dream basement yourself instead of settling for someone else's design! There is space for another house down there! You could easily cut in a home theater, wet bar, 2 bedrooms, and a vast rec room. The possibility also exists to make this into a walk-out basement too! The grading is such that one window could easily be converted into a sliding door.

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
-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




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

Call a Timbers Expert! Jeff Kroll today for a private showing at 303-717-1492!

More pix are at www.ColoradoDreamHomes.net!

Go to www.coloradodreamhomes.info to search the Denver MLS directly; save searches or set up automatic email alerts yourself. Its simply the most accurate tool you can have for your home search!

Go to www.dreamhomecomps.com to check out recent home sales in your area!