Keats Ann Scott, CRS
Colorado Dreams
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Colorado Dreams Broker August 2009 Newsletter
in this issue We are having a great summer. Lots of property for sale and I'm seeing some people getting really good buys. Protect Your Credit Score~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ More than ever your credit score will determine how much you will pay each month on your mortgage. Lenders give the best rates to the borrowers with the best credit score. About 35% of your credit score is payment history, 30% is made up of the amounts you owe, in other words the loans your already have. So make those payments on time. Your length of credit history is 15% and the last 20% is split between new credit and type of credit. You can check your credit report by getting a free annual report at annualcreditreport.com There are three credit reporting agencies Experian, TransUnion and Equifax, you can just order one of these reports at a time and therefore check your credit report three times a year. You do have to pay extra to find out your credit score. Update on my listings~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Price reduced on Heeney Cabin with fantastic views Around 1300 square feet this "A frame" style cabin has one small bedroom on the main floor, a loft and two other rooms on the lower walk-out level. Nice roomy living area with gas fireplace and lake views. Now It's priced at 275,000. You can see more pictures on my web site Lake Cottage These sellers are serious and ready to sell now. They have reduced the price on this cabin to 395,000. This is a chance for you to own your very own lake cottage in Heeney. Knotty pine throughout, it's the quintessential lake cottage. A large open living area with lake views opening to a giant deck. Eat-in kitchen with all the modern conveniences (unusual for Heeney). The antique cookstove which is used as woodstove in the living area is a real charmer. One bedroom and a bath with shower on the main level, downstairs is a small family room, two bedrooms and a full bath with claw foot tub. There is also inside storage for a small boat or other toys and workshop. The location is almost on the shore of the Green Mountain Reservoir. Adjacent to forest service land, only about 150 feet from the lake shore (when the reservoir is full). The seller is part owner in a dock too. Give me a call to see this home. More info plus the tour on my web site $395,000. Own a Piece of Heaven This is a unique building site near Cataract Creek. Adjacent to forest service land and just a short walk to the Green Mountain Reservoir. A well has been drilled and a septic is in place. Two acres for 360,000. More info at http://www.coloradodreams.com/5552heeney.htm Not my listing, but you might like to know about a Heeney foreclosure that should be coming on the market in the next few weeks. The listing agent tells me the price should be around 100,000. A real - I mean REAL fixer-upper, but the lot is probably worth 100K, it's over an acre with trees and a seasonal stream. Realistically the one bedroom cabin should be torn down and it would need a new septic. Personally I don't think you will be able to get a loan on the property - so cash is the way to go. Let me know if you would like more info. Heeney Property For Sale Currently the liquor store and bait shop. Almost an acre of land, three buildings, the business and fixtures. The buyer will purchase the inventory separately. You aren't limited to liquor store and bait shop, B-1 zoning has lots of options. It's possible for the owners to live on the premises too. 350,000. More Info See Heeney on YouTube I've put together a YouTube video of Heeney. Watch for other areas of Summit County coming soon. Lender News ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Rates are a little less than five and a half percent for a 30 year loan. You will need good credit (720 credit score or above). These rates are changing daily. This is about one percent lower than it was a year ago. The rates also vary depending on the property type, credit scores and documentation required. Call me, I work with lots of good lenders. If you would like to know what you can qualify for just give me a call or email and I'll put you in touch with some of them. Search the Summit County MLS ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ You can search everything for sale in the Summit County MLS from my web site at: www.coloradodreams.com/idx.htm Call me (or email) if you would like the latest list of everything currently for sale. Go ahead and forward this email on to any friends and family who are interested in Summit County Colorado real estate. Your referral is the greatest compliment you can give me. My toll free number is 800-571-1091 or 970-485-0793 or send an email to keats@coloradodreams.com. First Time Home Buyer Credit ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ There is talk about expanding the $8000 credit to all primary home purchases, but I wouldn't count on that. The current credit offer expires December 1, 2009. That means the buyer must close by the end of November - no extensions. The credit is for someone who has not owned a home in the last three years. It takes time for a first time home buyer to find a property and even more time to do the loan process. Don't miss this opportunity. Click here for the IRS answers questions about the First Time Home Buyer Program.
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