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Home Buying

Information about buying a home, condominium or townhome.

Are you ready to buy?

Buying a home is typically the largest investment most of us will ever make. Nothing is more important, in my opinion, than thoughtful consideration of the many issues that go into buying a home.

Here are some questions to ask yourself as you consider buying a home, whether it’s your first home or one of many.

  • What is your current living situation (homeowner, renter, sharing)? Do you need to sell? Give your landlord notice?
  • How will you pay for the home? (Cash, Loan,etc.)
  • Have you checked your credit report lately? Click here to get your free annual credit report.
  • Are you working with a lender? If you need a referral to great LOCAL loan officers, please contact me.
  • What is the monthly payment amount that you can afford? Don’t forget that your loan amount is not all that you need to consider. You’ll also want to take into account taxes, insurance, HOA fees & regular maintenance
  • What is your time frame for moving? (time to sell your current home, notice you must give your landlord, school schedules, work schedules, etc.)
  • Do you have any special needs for your new home? (layout, location, size, etc.)
  • If you’re thinking of buying and want more information about the process you can or consider taking my Home Buyer Basics Class which is offered at Arapahoe Community College. Click here for the upcoming schedule.

Filing taxes and buying a house

I just received my income tax organizer from my accountant and I was reminded of a challenge that some buyers may face this time of year.

I know you’re thinking “Really?? I just managed to get through the holidays and I don’t even want to think of filing taxes yet”.  But, if you’re one of the buyers hoping to beat the rush by entering the market in the spring you need to add one more task to your ever-growing to-do list. 

So, what does the filing of taxes have to do with all of this?  If you’re making offers on homes, and your closing could be on or around April 15th, you need to contact your mortgage professional to discuss when you should file your taxes. This can help you avoid any last minute issues with your transaction.

Things to consider:

  1. If you’re already in the process:  Contact your lender to see what deadlines they may have regarding a requirement for a transcript of your taxes.  Most buyers that are “W-2” employees should file as soon as they receive their W-2’s from their employer. Which is very soon!
  2. For self-employed folks, who may be considering filing an extension, you need to know that any money that you owe to the IRS will either need to be paid (or a payment plan established) PRIOR to closing on your home.
  3. If you’ve just started the process and are thinking of reaching out to a lender to get pre-approved be sure to ask about ANY tax filing deadlines.
  4. If you’re still on the fence about entering the market contact me and we can discuss what is best for your situation.

As a real estate professional I want my clients to be aware of any possible stumbling blocks that could derail a transaction.  My goal is for you to make great decisions with great information. 

Home Buyer Basics – Be Prepared! (Fall Classes)

In this real estate market it’s more important than ever for buyers to be prepared to enter the market. This class has been designed to give you the information you need to be successful in this market. As a student you will understand the home buying process from start to finish; the current Denver Metro real estate market; how to describe your new home; how to choose the right real estate broker. We will also review tips and techniques for writing a strong offer. You will leave the class with the all information you need for your home buying process to be a success.

Register for classes at the Arapahoe Community College Website.

Sat, Sep 15, 10 a.m.-12:30 p.m.   Littleton Campus
INDS 1001F01-68159                            $25

Sat, Oct 20, 10 a.m.-12:30 p.m.  Littleton Campus
INDS 1001F02-68160                           $25

 Sat, Nov 3, 10 a.m.-12:30 p.m.   Littleton Campus
INDS 1001F03-68161                             $25

Sat, Dec 8, 10 a.m.-12:30 p.m.   Littleton Campus
INDS 1001F04-68162                            $25

Filing your taxes and buying a home

I just received my income tax organizer from my accountant and I was reminded that this time of year can pose an extra challenge for my clients.  As you can see, my clients are never far from my thoughts, ahhh the life of a   real estate broker.  But seriously, I love my job.

I know you’re thinking “Really?? I just managed to get through the holidays and I don’t even want to think of income taxes yet” or “Are you kidding me?? I have enough on my plate with work, kids, finding a new house, etc, etc.  Why can’t I put this off as long as possible?”

Buyers hoping to beat the rush by entering the market in the Spring need to add one more task to the ever-growing list of things to do.

So what does filing taxes have to do with buying a home?  Buyers may be negotiating the closing on a property on or around April 15th and it may become an issue if their taxes have not been filed in time for the lender to get a transcript.

So what does that mean for you?

  1. If you’re already in process of buying, contact your lender and see what deadlines are in place for needing a transcript of your 2017 tax return from the IRS.  If you’re a “W-2” employee you should probably file as soon as you receive your W-2s from your employer
  2. If you’re self-employed and considering filing an extension  AND you owe money to the IRS you must pay (or have a payment plan established) PRIOR to closing on your home.
  3. If you’ve just started the buying process and are thinking of reaching out to a lender to get pre-qualified be sure to ask about 2017 tax filing deadlines.
  4. If you’re still on the fence about entering the market contact me and we can discuss what may be best for your personal situation.

My goal as a real estate professional is to do my best to see potential stumbling blocks before they upset your transaction. My goal is to insure you are always making great decisions with great information. 

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