5 Common First Time Home Buyer Mistakes

5 Common First Time Home Buyer Mistakes


1. They don’t ask enough questions of their lender and end up missing out on the best deal.
2. They don’t act quickly enough to make a decision and someone else buys the house.
3. They don’t find the right agent who’s willing to help them through the homebuying process.
4. They don’t do enough to make their offer look appealing to a seller.
5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

Source: Real Estate Checklists and Systems, http://www.realestatechecklists.com/.

Colorado Home Buyers: Top 7 Reasons to Buy Your First Home Today

Top 7 Reasons to Buy Your First Home Today


1. Free Money. The $8,000 tax credit for first time home buyers is valid before April 30, 2010(under contract deadline). This is a special tax credit from the government that you don't have to pay back, as long as you stay in the home for at least 36 months. Contact me today for a free and informative a tax credit packet.
2. Affordability. Based on recent property declines and current interest rates, home affordability has not been higher since it was first tracked over 40 years ago. Your grandparents couldn't have received a better interest rate than you can today.
3. Tax Breaks. The IRS allows you to deduct the interest you pay on your mortgage, your property taxes and, in many cases for those who qualify, some of the costs to buy your home and mortgage insurance. Owning a home is a great way to lower your tax bill.
4. Build Wealth. Unlike paying rent, with each mortgage payment you make, you build equity and you decrease your income tax liability. Owning a home is still the best long-term investment.
5. Appreciation. As home prices have fallen precipitously in today's tough economy, the basis for realizing appreciation in future years is very strong. Historically, even with other periods of declining value, home prices have exceeded consumer inflation. From 1972 through 2005, home prices increased on average 6.5%, according to the National Association of Realtors®.
6. Stability. Knowing you can establish roots and raise a family in one location, free of the desires or needs of your landlord to sell the property you are living in. This is something no other investment provides. You can't live in a stock, and you can't raise your kids in a bond.
7. Independence. Enjoy the freedom to do what you want to your home. After all, it's yours to do what you wish. And, with any improvements you make, you have the ability to benefit from your investment. Try that with an apartment!

Call me today to get started!

Stefan Geyer
Home Real Estate
303-766-4663
www.StefanMax.com

Reprinted courtesy of:
Mandy Hammer
Loan Officer
Pinnacle Mortgage
Phone: 877-716-9006 ext 885
mhammer@pinnacle-mortgage.com
www.mytoplender.com

Don't Burn Money, Get Paid to Buy a Home

Buy a Home, and GET PAID.

Lease Termination Fee? No Problem!

Own a Home & Want to Move? You get Paid to Buy too!

The home buyer tax credit offers you a chance to get cash from the government for buying your dream home...but you need to be under contract no later than 04/30/2010. Time to Act! It is EZ! Not to mention, rates and home prices are LOW. Don’t plan on the tax credit being extended again. We can help you with the four easy steps below:

1. Qualify with a Lender.
2. Negotiate your Current Lease.  Early termination fee?  There is a potential solution.
3. Find your Dream Home.
4. Collect your Money from the Governement($6,500-8,000 is typical).

Why wait? Call today and receive an informational free Homebuyer Tax Credit Guide.

Stefan Geyer                          Tom Turnquist
303-766-4663                         720-407-8100 x217
Realtor® | Eco Broker             Senior Loan Officer
Home Real Estate                    American Summit Mortgage
http://www.stefanmax.com/     tturnquist@americansummitmortgage.net

Obama Signs Extended Tax Credit into Law

Obama Signs Extended Tax Credit into Law: http://bit.ly/oFMH9

Call me if buying or selling a home in the Denver Metropolitan area.

(see previous post for very detailed information regarding the tax credit for homebuyers)


Stefan Geyer
Colorado Realtor
http://www.stefanmax.com/

Colorado Update: Homebuyer Tax Credit Extended & Expanded

For homebuyers, and home sellers, in Colorado, there is more good news! 

The Senate voted 98-0 on Wednesday and yesterday the House voted 403-12 on legislation that includes the extension and expansion of the credit. The President is expected to sign the legislation, perhaps as early as today.

More information on the tax credit and what it means to you:

Changes to the Homebuyer Tax Credit Law
Frequently Asked Questions About the New Bill
See How the House Voted
In Depth: 2009 First-Time Homebuyer Tax Credit

Now REALLY is the time to get your home listed or to begin your home search.  Contact me and let's get started.


Stefan Geyer
Denver Metropolitan Realtor®
Home Real Estate, 303-858-8100
Automate your home search.  Property alerts sent to you via e-mail >> http://www.stefanmax.com/

Update on Senate Vote to Extend Homebuyer Tax Credit

Update on Senate vote to extend tax credit: http://rismedia.com/2009-10-29/breaking-news-senate-plans-to-extend-and-expand-tax-credit/

Senate Approves Extension and Expansion of Tax Credit

I have just received word that the Senate has voted to approve a the extension of the $8,000 tax credit through June of 2010. The "Dodd-Lieberman-Isakson" amendment would also extend the credit to NON FIRST TIME buyers as well.  My blog post from earlier today provides further detail, and I will continue to update my blog as I receive new information.

What more are you waiting for, give me a call while home prices are still low, low low!

Stefan Geyer
Colorado Realtor
http://www.stefanmax.com/

Tentative Agreement to Extend & EXPAND Homebuyer Tax Credit

Colorado / Denver home buyers and home sellers, GREAT NEWS!  The homebuyer tax credit appears it will be extended and expanded.  To take advantage of the $8,000 tax credit, first-time home buyers would need to be under contract by 04/30/2010, and close before 07/01/2010. 

Are you a homeowner?  You may qualify for a credit too!  Have you lived in your current residence for a consecutive five-year period in the past eight years?  Then you would be eligible for a new $6,500 credit.  You also must be under contract by act by April 30, 2010 and close before 07/01/2010.

Contact me for more information.  The time to buy and sell is now, as it is unlikely this type of opportunity for Colroado homebuyers and sellers will appear again or be extended anytime soon.


Stefan Geyer
303-766-4663
Colorado Realtor
Home Real Estate
http://www.stefanmax.com/