Denver Metro Area Real Estate Tips and Advice from Diane Peltier.

Call Diane Peltier for all your real estate needs at 303-868-3838 or E-mail her @ Diane@DianeIsDedicated.com.

Monday, December 12, 2011

Happy Holidays and Happy new year message from Diane

I couldn't have said it better myself! Great Article from MSN.

Great advice from MSN. From http://realestate.msn.com/10-homebuying-tips-from-real-estate-pros


10 homebuying tips from real-estate pros
December Buying Advice: Here are words of wisdom on finding and buying a home that you'll love.
By Melinda Fulmer of MSN Real Estate

One of the best gifts you can receive, at any time of the year, is good advice. In the spirit of holiday giving, we asked real-estate professionals of all types to give us their best tips for buyers, from finding and financing a home to feeling satisfied after move-in.
In this year-end installment of Buying Advice, we'll also check in with the latest housing statistics and answer a reader's question about private mortgage insurance (PMI): how to avoid it and ways to kick it to the curb for good.
Our top 10 list for buyersWe received a flood of answers to our request for advice. Here are the tips that real-estate pros thought were most important to buyers navigating today's market.
1. Get the right agent. A good agent can relieve some of the stress of house hunting. Get recommendations from friends and co-workers in your area. Don't just let the listing agent on a house represent you both, as his fiduciary responsibility is to the seller. Interview a couple of agents to find the right chemistry and look over their record of sales in the past year. Once you have found somebody you like, make sure she is willing to communicate with you in the form you want (email, phone, text, etc.) and as often as you want.
Find homes for sale in great neighborhoods
2. Get preapproved for a loan. "A preapproval letter — or lack of one – can mean snagging or missing the perfect home," says agent Carol Dellynn Schimschat on MSN Real Estate's Facebook page. It helps you stay realistic about price, puts you more at ease during the process and gives you an edge over other bidders.
3. Don't look at too many homes. It's easy to get overwhelmed and confused if you look at too many homes or seek too many opinions from friends and relatives. Make a "must have" list with your immediate family for the features that are non-negotiable, versus just "wants" or "wishes," says Jessica Edwards with Seas Coast Realty in North Carolina. Have your agent help narrow down the field. There's a lot of inventory out there, and you can't or shouldn't see it all.
4. Keep an open mind. More times than they can count, agents say, buyers will start a search looking for that perfect Craftsman bungalow only to find that the features and amenities they crave are in a sprawling midcentury ranch house. Be open to suggestions from your real-estate agent, who might show you something you didn't know you would love.
5. When you find a home you like, learn about the neighborhood. A large part of your satisfaction with daily life revolves around the amenities, schools and neighbors where you live. "Once you find a home, go back to the street and neighborhood at different times of the day and on the weekend," says Tony Geraci, broker/owner of Century 21 Homestar in Cleveland. "Try to meet some of the neighbors."
6. Never buy without a home inspection. As many agents pointed out, you can't rely on what you see in a walk-through. Problems hide under carpeting and inside walls and attics. Always get that home you're buying checked over by a certified home inspector and follow through on any additional inspections he recommends.You'll be glad you did.
7. If you don't understand something, speak up. Ideally, your agent will have run through the homebuying process and what to expect at the outset of your search. But if you don't understand any part of the paperwork, process or terminology, ask, says Denver real-estate agent David Simonson. So many people whiz through paperwork without understanding what they are signing. That can come back to haunt you.
8. Submit your highest and best offer upfront. In markets that are doing relatively well, prime properties often receive multiple offers. "There's no time to haggle," says Maria Pena Morales of Re/Max Ranch & Beach in San Diego. Make sure it's a realistic offer and submit it with a list of comparable sales to support it.
9. Be prepared to compromise. To come up with a winning bid, you might have to tailor it to a seller's needs, such as a longer or shorter close. Don't expect sellers to consent to repairs that amount to upgrades or remodels, says San Diego agent Gabrielle Benjamin. And don't lose a house you love over something small like carpet, appliances or countertops. It's not these things that will make or break your experience in a house, it's the big things such as layout, size and location, says Don Tepper, an agent in Fairfax, Va.
10. Don't get emotional. It's easy to get caught up in the excitement and tension of bidding. But you shouldn't move past your predetermined price range, no matter how much you love the house. "Be realistic with your price range, don't overextend yourself, and be comfortable with everyone in your transaction," replied jlibman_MTGNews to @MSNRealEstate's Twitter feed. And consider choosing a backup house that you like almost as much, says Todd Hetherington of Century 21 New Millennium in Washington, D.C. It might take some of the pressure out of negotiations.
Housing snapshotSales of existing homes rose 1.4% in October from September, to 4.97 million, and were up 13.5% from October 2010, according to the National Association of Realtors.
The median existing-home price continued to soften, dipping 4.7% to $162,500 in October from the same time last year.
NAR economist Lawrence Yun characterized the market as "fairly steady," but at a lower than desired level, in part because of the high number of contract failures, caused by rejected mortgage applications or other failures in the underwriting process such as low appraisals.
Contract failures were reported by 33% of NAR members in October, up from 18% in September and 8% a year ago.
One bright spot was a decline in the number of homes on the market. Total housing inventory fell 2.2% to 3.33 million existing homes for sale, or about an eight-month supply.
Distressed homes – foreclosures and short sales – made up 28% of October's sales versus 34% in October of last year.
Reader question: When can you get rid of PMI?One thing most buyers would rather avoid is private mortgage insurance -- coverage that does nothing for you but that reimburses your lender should you default on your mortgage and your house isn't worth enough to get the money back in a foreclosure sale.
Reader Carlos Chacin of Louisiana wrote to Buying Advice asking if we could provide a rundown of how PMI works and how to get out of it. Thanks for the question, Carlos.
Lenders require PMI when the down payment on a home is less than 20%. This extra payment is added to your mortgage each month and typically costs around 0.5% of your loan.
It can be canceled after your home's value has risen or you have made enough payments to give you a 20% to 25% equity stake in the house, says Ilona Bray, attorney and author of "Nolo's Essential Guide to Buying Your First Home."
However, accumulating that stake takes time, Bray says, because the way most home loans are amortized, buyers are mostly paying off interest at first. And declining home values have made it harder for a lot of people to meet that mark.
According to the Homeowners' Protection Act, which applies to people who bought their homes after July 29, 1999, you can ask that your PMI be canceled when you've paid down your mortgage to 80% of the loan if you have a good record of payment, haven't taken out a second mortgage and the value of the house hasn't gone down. If you meet these requirements, the lender must honor your written request to cancel the PMI.
What's more, when you've paid down your mortgage to 78% of the original loan; the law states that the lender must automatically cancel your PMI. But, says Bray, don't expect your lender to keep track of this and notify you. Keep track of when you'll meet this milestone yourself.
If you suspect that your home has gone up in value since you bought it – either because of rising prices in your area or a big remodel you've done – you can try to make a case to your lender.
Here are the steps Bray suggests taking to get your PMI canceled:
1. Write a formal letter to your lender asking for its guidelines for eliminating PMI.
2. Get your home appraised to find out its current market value. Your lender will probably require an appraisal to see if your home has declined in value. In this case, it's best to use one recommended by your lender, as it will respect these findings.
3. Calculate your loan-to-value ratio using the results of the appraisal. In other words, divide your loan amount by the home's value to get a figure that should be in the decimal points. For example, if your loan is $200,000 and your home is appraised at $250,000, your LTV ratio is 0.8 or 80%.
4. Compare your LTV ratio to that required by your lender. Most lenders require the ratio be 80% or lower before they will cancel your PMI. If the LTV is at the percentage required by your lender, follow the lender's guidelines for requesting a cancellation. If the lender refuses or is slow to act on your request, write a series of polite but firm letters requesting action. These letters will not only serve to prod bank officials into action, but they will serve as evidence if you are later required to take the lender to court, Bray says.

Saturday, November 19, 2011

Thanksgiving Day!!

I just want to wish everybody a safe and Happy Thanksgiving. Most of all to
all the military members to help us keep our freedom. Wishing each and everyone a Blessed and peaceful day. Relax and enjoy your loved ones and be thankful every day for good health, peace and family. God bless! We love you all !!

Friday, October 28, 2011

Realtors® Support New Refinancing Rules that Help Reduce Foreclosures

October 2011

Recently, President Obama announced a new plan to help underwater homeowners refinance to lower their monthly mortgage payments. Working with the Federal Housing Finance Agency, the president is revising the Home Affordable Refinance Program, aiming to help 1 million homeowners who owe more than their homes are worth avoid foreclosure.

“Realtors® commend President Obama for pledging to help more struggling homeowners refinance their mortgage. When people lose homes to foreclosure, families, our communities, the housing market and our economy all suffer. Helping even more families stay current on their mortgage and remain in their homes will help support the housing recovery.”

HARP was created in 2009 and allows homeowners to refinance their mortgages at lower rates without having to meet the typical requirement of having at least 20 percent of equity in their home to do so. Under current guidelines, many homeowners have been ineligible for the program because their home values had to be no more than 25 percent below what they owed their lender and some were unable to afford the closing costs and appraisal fees.

With the new rules which will take effect by December 1, some of the extra fees to participate in HARP have been waived and homeowners’ eligibility won’t be contingent on how far the home’s value has fallen. Homeowners with loans backed by only Fannie Mae or Freddie Mac can participate and must be current on their mortgage.

We Realtors® hope the recent changes to HARP will encourage other mortgage investors to help struggling homeowners refinance. “Though the process for refinancing can be cumbersome, the money saved is worth it.” Realtors® have been advocating tirelessly for the government and lenders to take more aggressive steps to modify loans, as well as streamline the short sales process, another alternative for struggling homeowners.”

The National Association of Realtors® is also calling upon Congress and the Obama administration to create policy solutions that stimulate housing and economic recovery. In a recent five-point housing solutions plan outlined in part by NAR, lenders and the government are urged to take more aggressive steps to modify loans and approve short sales to help reduce high foreclosure inventory levels. Realtors® are hopeful that reduced fees and improvements to refinancing programs such as HARP will help more struggling homeowners reduce their monthly mortgage payments and avoid losing their home to foreclosure.

The changes to HARP are just one step toward reducing foreclosures and fixing the housing market. We are beginning to see early signs of stabilization in the housing market, but until foreclosures are significantly reduced and housing inventory reaches a more normal level, there can be no true recovery.

Tuesday, October 25, 2011

EXIT Convention 2011

The time has finally arrived for the 2011 EXIT National Convention! This year, it is being held in Nashville, TN at the Grand Ole Opry. We are expecting some great speakers, and I hope to come back with LOTS of information for this blog, my newly updated website: www.dianeisdedicated.com, and hopefully make some new friends too.

I will be available via email while I'm out of town (Diane@Dianeisdedicated.com) and I'll be chacking my voicemails at 303-868-3838 as well. If you need anything, please let me know. I will be back in Denver on 11/1/11.

Thursday, October 13, 2011

AMAZING INTERST RATES!

Today's interest rates are at 60 year lows! Now is the perfect time to stop renting and get into your own home. The rates today are unheard of and UNBEATABLE!

For more buyers tips, visit: www.dianeisdedicated.com/buyer-tips_23.html

Monday, September 19, 2011

Longmont Listing

Great Listing: Price reduced $10,000! 4 bedrooms, 3 baths, pride of ownership. 1240 Monarch Drive, Longmont. MLS#1031731. Close to schools, 2 story home, Must see to appreciate. Show it today!

Thursday, September 8, 2011

Pros and cons of homeownership

No man but feels more of a man in the world if he have a bit of ground that he can call his own. However small it is on the surface, it is four thousand miles deep; and that is a very handsome property.

~Charles Dudley Warner

The “American Dream” has included owning a home, complete with the obligatory “white picket fence”. But is homeownership for right for you? There are pros and cons to homeownership. I have highlighted some of the most common concerns below. If you want any more information about any of these topics, please feel free to give me a call at 303-868-3838 or visit my website at www.DianeIsDedicated.com

Pros and Cons of Owning a Home

PROS

CONS

The house is YOURS; you can do whatever you want (as long as it’s legal, and your HOA allows it) to your house.

When something breaks, you need to fix it or pay someone to fix it for you; Many small home improvements can add up to big dollars invested in upkeep expenses.

You build equity every time you make a mortgage payment.

Can’t pick up and move anytime you want. You’d need to either find a renter, for your home, or sell it before you can relocate.

Stability- you don’t need to worry about your rent payment going up

Time consuming to maintain a property.

No landlord to deal with.

Tax benefits.

No pet restrictions

Watch for my next blog: Tips for buying a new home!

**Please note that all information posted herein is deemed accurate as of the date of this posting. If you would like to verify any information, or find out about current listings, you can visit www.dianeisdedicated.com**

Diane Peltier www.dianeisdedicated.com EXIT ONE REALTY



Saturday, September 3, 2011

WOW! Went from Feast to "Phantom"

A few years ago, while talking to a friend of mine, I was explaining how it was really slow, and then all of a sudden, I had almost more work than I could handle (. . . .almost!). Anyway, I had a slip of the tongue and I meant to say "I'll tell ya what: It's Feast or Famine". But instead it came out "Feast or Phantom". My friend loves that story, and it's become a household saying for her family, LOL!'

Well, it's been another "Feast or Phantom" sort of week. While August was a pretty slow month for me, it was nice to get caught up, and get some organizing done. September has started off with a BANG! I have gotten a new listing, and a couple more are in the pipeline. Plus, I have written 5 contracts, and so far 2 have already been accepted!

I guess taking the time to update my website: www.DianeIsDedicated.com, and working on this blog, and updating my facebook account, is paying off!

Have a safe, happy, and fun Holiday weekend!

**Please note that all information posted herein is deemed accurate as of the date of this posting. If you would like to verify any information, or find out about current listings, you can visit www.dianeisdedicated.com**

Thursday, September 1, 2011

Trust your Realtor!

It is important to remember when working with any professional, that they are in fact, THE PROFESSIONAL! When you visit the dentist, do you tell the doctor how to clean your teeth? And when you go to the zoo, do you tell the lion tamer how to calm down the lions? Of course not!

This is also true when it comes to Realtors. A true professional in any field will know their job forwards and backwards, upside down, and inside out. And they should! That's why you hired them in the first place! So please remember the tips below when working with a Realtor:

1) Your Realtor knows the current Real Estate Market - We do not need to be reminded about the downward or upward trends in the market. We will tell YOU about them!

2) Your Realtor knows how to market your home - After creating HUNDREDS of flyers, MLS listings, advertisements, and other marketing materials, we KNOW what works! We are open to your opinions and suggestions, and will take them into consideration, but please don't feel offended if we don't include a specific photo on your flyer, or use your suggested verbiage in an ad.

3) Take your Realtor's advice over others' - Yay! Your neighbor's niece's husband's mother's second cousin's house sold in 3 hours at the asking price! That doesn't mean that you don't need a price reduction, and to paint the exterior trim, as per my recommendation.

4) Realize that we don't get paid until closing day - There are a lot of out-of-pocket expenses that go into the marketing of your property. Please remember that the marketing materials I leave in your home should be taken care of. It is expensive to replace signs, lock boxes, and print countless numbers of flyers because you rented a plane and dropped them from the sky.

Overall, please realize that as Realtors we value your opinion as a seller, but please offer us the same courtesy and respect our advice as PROFESSIONALS!

If you or someone you know is ready to buy or sell a home, call Diane Peltier at EXIT ONE: 303-868-3838 or visit www.DianeIsDedicated.com

If any of my real estate colleagues are reading this, and have anything to ad, please do so in the comment boxes below!

**Please note that all information posted herein is deemed accurate as of the date of this posting. If you would like to verify any information, or find out about current listings, you can visit www.dianeisdedicated.com**

Monday, August 29, 2011

Back in the swing of things!

What an exciting weekend! After a slower month (I think school starting slowed down real estate), the phones have started ringing again, and I wrote 2 contracts over the weekend!

I'm hoping this new influx of business is a result of my IMPROVED website: www.DianeIsDedicated.com, Finally, after being at EXIT for 12 months, I updated my website. Go and check it out, and use the contact me link to let me know what you think of the changes.

As always, if you know of anyone looking to buy or sell a home, please let me know. I LOVE REFERRALS!

**Please note that all information posted herein is deemed accurate as of the date of this posting. If you would like to verify any information, or find out about current listings, you can visit www.dianeisdedicated.com**

Monday, July 18, 2011

Price Reduced!!Quick Possession

1356 Hoffman Drive- Erie- This is a showcase home. Seller says SELL IT! Gorgeous inside and out. Park like backyard with a huge firepit, horse-shoe pit, built in BBQ, surround sound inside and out. Main floor laundry, office/study and great location, close to shopping, schools, and Erie Rec center. Price reduced and Seller will pay up to $2,000 in Buyers closing costs. You won't regret showing this quick possession and quick closing before school starts. Priced at only $339,500 this 2 story home offers formal dining, island counter, over 2,370 finished square feet with full unfinished basement. Call Diane today for more info at 303-868-3838

Monday, June 6, 2011

I'm going to be a GRANDMA!!!

My son just called from Texas and told me he is going to be a daddy ...
It is a boy and the due date is Nov. 9th. The baby is just 8 ounces but doing fine and is a normal pregnancy so far. I can't wait!!! I'm so excited!! It will be the first baby for them. And I can't believe it!!! I pray to GOD it won't come early for I will be in Nashville, TN the week before for the EXIT Real Estate convention. I am only sad they live so far away..... I can't spoil it as much.
Any advise, or comments or suggestion would be greatly appreciated.
In the meantime, real estate is doing great. Business is good!! It feels good to
be back to work so much. I thank everybody for all the referrals and references and dedication to believing in me. I now can say..... I not only survived Cancer but I survived in real estate..... Thank you all!!

Wednesday, March 16, 2011

Wednesday Update

Spring is in the air!! I love that song. Just a reminder to everybody. NMDRA is having their General Membership mtg tomorrow after marketing. I hope to see you all there. We need enough bodies to have a quorum so we can vote on some very important issues. It's time to water the yard, fertilizer the yard, aerate the yard and then mow the yard. Allergies are sure annoying. Has anyone found anything over the counter that won't put you to sleep in the middle of the day?? :).
Enjoy the evenings, it's lighter longer and we can show more homes. Don't forget to wear your green tomorrow - Happy St. Patty's Day to everybody!!

Monday, March 14, 2011

Busy Week, 2 new listings!!!


I have been busy this past week! Business is picking up as spring approaches.

I have 2 new listings!!!

The first one is is a great starter or retirment home located at 9536 Pierce St, in Westminster.







The 2nd is in Buffalo Run, in Commerce City at 11848 Idalia St. Huge House for a growing family! Over 4,000 sq. ft.


If you find that while you're doing your spring cleaning, that you need to upsize OR downsize, call your favorite Realtor!
I can always be reached via cell at 303-868-3838.

Thursday, February 3, 2011

Quality Service

I recently was awarded with a QSC. What is that you ask? It's a QUALITY SERVICE CERTIFICATION. I felt it important to be committed to higher professional standards so I attended the specialized training on how to deliver the best service in the industry. Even though I have spent my entire real estate career striving for the best service, I want to continue to learn and improve on my skills.
With QSC, you commit to following a service process so that you are consistently performing the same critical service steps with every customer.

All Real Estate Agents Are Not the Same and you need to Be Confident You Are Working with the Best! I am DEDICATED to always provided the best for my clients! Be sure the agent you are working with has their QSC!

Want more information on QSC, click below!

Friday, January 7, 2011

Happy 2011!!

Happy New Year! I sure did enjoy the holiday season and hope you enjoyed it as well. I was able to get away for a couple of weeks and spend some special time with family and friends. It was wonderful but I am glad to be back and had to hit the ground running.
2011 is already presenting itself to be an exciting year in real estate and I am up for the challenge.

Ready to make a move? Give me a call!