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5 Mistakes First-Time Home Buyers Make

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First-timers can be eager to jump into home ownership. But real estate experts say they see them committing the same mistakes, time and time again. Here are some of the most common ones, as identified by experts in a recent CNBC article: Read Article 1. They’re unprepared to compete against all-cash offers. 2. They place a car ahead of the home. 3. They place too much emphasis on online loan information. 4. They bank too much on online home values. 5. They forgo the home inspection. 
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HOUSE FLIPPING: A BEGINNER'S GUIDE FOR SUCCESS

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Flipping a house means buying a home with the intention of fixing it up and selling it within six months for a profit. Americans flipped 26,947 single-family homes in Q3 2014, accounting for 4 percent of all home sales in that period, according to real estate data firm Realtytrac. The average gross return for investors was $75,990 per home, up 2 percent from Q2. Flipping houses can be profitable, particularly when home values are rising and interest rates remain at historically low levels. The Federal Housing Administration stopped enforcing anti-flipping regulations—which prohibited insuring any home for less than 90 days—in 2010. If you're looking to get into the home flipping business, follow these four guidelines for the best chance of success. Build a Bankroll Everything in life requires money, and house flipping is no exception. You could take out loans to buy properties, but then you are just creating debt in the hopes of making money. A smart house flipper who w...
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Hud closing update

Many of you heard that there was a window of opportunity for us  yesterday  for us to be able to ship for closings for HUD transactions.  As of  5pm yesterday HUD will  no longer accept any more sets of figures for this week and due to the VA holiday.   This mandate will stay in place because these closings are still with MCB and the switch to the three new asset managers still has not taken place and this is for a temporary time only.
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Midcentury chic: An amazing Home Remodel in Lakewood Colorado

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When Lynn Coit walked into the open house for this ’60s-era raised ranch in Lakewood’s Meadowlark neighborhood, she saw endless possibilities. Sure, the brown shag carpet, green linoleum floors, and brick exterior felt more like a commercial storefront than a welcoming family residence. But as the founder and president of Denver commercial interior design firm  Elsy Studios  (her clients include law firm Merchant & Gould and the Federal Reserve Bank), Lynn looked past those eyesores to spy a dated but strong framework prime for a contemporary overhaul. Shortly after she bought the house in 2014, she and her husband, Andrew—a commercial real estate broker and DIYer—oversaw a comprehensive five-month renovation. The result: a masterful blend of modern convenience and stylish retro flair. We sat down with the design-savvy couple to get the inside scoop. Read the interview
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Colorado’s unemployment rate at 2.3%

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Colorado’s unemployment rate in May stayed at 2.3 percent, maintaining its lowest-ever level — and the lowest nationally — as jobs in the private sector grew and government employment in the state fell slightly. The largest private sector job gains were in trade, transportation, and utilities, education and health services, and leisure and hospitality. The largest declines were in professional and business services, and manufacturing, according to the labor department. The state’s record-low unemployment rate is a mark visited only four other times by any state in recent U.S. history. The rate is so low, it is acting like an anchor on the state’s economy, leaving thousands of jobs unfilled and hurting the ability of businesses to meet customer demands, economists warned. Colorado’s unemployment rate has been steadily dropping since February, when it was at 2.9 percent. In May 2016, the level was 3.4 percent. The state says nonfarm payroll jobs have increased by 62,000 over...
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