Colorado Real Estate For Sale | Buying VA Repossessed Properties Started by Tom Reed - Posted May 22, 2008 8:34pm

Colorado Real Estate For Sale | Buying VA Repossessed Properties

Now is a great time to get into the real estate market according to industry experts and Legacy Real Estate Brokers Inc. If you look into foreclosures as previously stated in many of our recent articles this is great opportunity to make some good real estate investments. The key is to know which properties have the most equity with the least amount of drastic construction costs to bring them back to good resale condition.

Some of the best values today can be found by looking into VA repossessed homes. These particular homes were covered by loans that were initiated by the Department of Veterans Affairs. The VA (as it’s commonly called) insured these loans to the lender so that military veterans would be able to own a home just like anybody else. By doing this, the VA is guaranteeing that the veteran will pay the mortgage as requested. When this does not happen, the bank takes back the home, and the VA has to pay the bank for any losses that may have incurred. The VA takes a substantial risk by allowing these purchases but this where your potential gain as investor may come into play.

Buying VA repossessed homes is a great way to get a home at a good price usually below market value. One myth that is commonly misunderstood is that only military people can purchase these types of properties. This is one false and misleading fact that surrounds VA repossessed homes, and is definitely not true. It is true that only veterans can get the help of the Department of Veterans Affairs, but it is not true that only veterans can buy VA repossessed homes.

Regardless of who you are, you can take advantage of VA repossessed homes. The reason that these are such great investment properties is because you can usually buy them for well below the market value.

When you are investing in VA repossessed homes make sure that you take repair costs into consideration. Often times these properties are in bad condition because the past owner failed to keep it up.

VA repossessed homes are available all over the United States and we at Legacy Real Estate Inc. can show these homes and help educate you on the process as well. Here in Colorado specifically you will be able to find VA repossessed homes in your area. Forget about all of the misnomers that surround these homes and start looking today for another area of value in today’s Colorado real estate market. The only thing that you need to know is that VA repossessed homes are great buys, and anybody can take advantage of them.

Tom Reed and Bill Brown are local authors and real estate experts of Legacy Real Estate Brokers Inc. in Denver Colorado. You can visit there website at www.discovercoloradorealestate.com

Real Estate Ownership | The Amercian Dream Started by Tom Reed - Posted May 25, 2008 5:56pm

Real Estate Ownership | The American Dream

Homeownership is the ultimate American Dream. Everyone wants a place they can call their own, but due to today's challenging marketplace, home purchasing goals are increasingly being put on hold. In actuality, now is the optimum time to move forward on a new home purchase. We at Legacy Real Estate Brokers Inc would like to introduce you to the thriving Colorado real estate marketplace first hand.

Today's market is defined by an excess of housing inventory and reduced competition among qualified buyers, leading to deep cuts in purchase prices. Although real estate moves in cycles (sometimes up, sometimes down) it consistently appreciates over the long term. Many economists suggest that Colorado is ahead of the curve with respect to the rest of the nation and poised to make a slow and steady rebound, which will lead to greater property values. Legacy Real Estate experts concur that your rate of return when buying a home is higher than most any other investment you could make. In addition to making a sound investment for your financial future, one of the largest tax deductions for most of us is the interest on our home mortgage. Now is the best time to consider buying real estate in Colorado.

Tom Reed and Bill Brown are local authors and real estate experts of Legacy Real Estate Brokers Inc. in Denver Colorado. You can visit there website at www.discovercoloradorealestate.com

Lakewood Colorado Homes | Solterra gets gaurantee on zoning Started by Tom Reed - Posted May 30, 2008 2:13pm

Lakewood Colorado Homes | Solterra gets guarantee on zoning

The Lakewood City Council has announced that there will be no rezoning for at least fifteen years in the popular Solterra housing community. The builders, which include Carma, Richmond Homes and Wewin, have agreed with the proposed ruling helping to insure it’s successful implementation. The decision to agree to a fifteen-year rezoning came after the initial proposal of over twenty-five years was introduced sometime last year.
The Solterra Subdivision in Lakewood, Colorado is zoned for residential and commercial use and encompasses some 370 acres, about 300 of which will be used for a just under 1500 buildings. In exchange for the financial and zoning security, the developers of the project also agreed to leave over six acres of land for parks and recreation purposes nestled between Solterra and Green Mountain.

There was a large turn out at a recent Lakewood City Council meeting with numerous concerned residents in attendance. The city allowed St. Anthony’s hospital 25-year vesting at the federal center earlier this year, and the possibility of the same protection for the multiphase commercial and residential development in Rooney Valley worried and angered residents near the area.

After listening to all sides the council passed a unanimous vote to agree to the fifteen year vesting because they all agreed a twenty-five year protection was unwarranted and too long of a period for the multi-phase residential project.

Some council members including the Mayor Pro Tem were also in favor of the fifteen-year time frame given the size and scope of the project. Council members assured the local officials and residents that vesting does not create liability to Lakewood and only limits the city’s ability to rezone the area that is deemed for development.

Because the project is multiphase, when building permits are granted, each new step in the development will have to meet with building codes and other regulations in place at the time the permit is granted this will help insure that this new fifteen year Solterra program will be implemented properly and successful for all parties involved.

Tom Reed and Bill Brown are local authors and real estate experts of Legacy Real Estate Brokers Inc. in Denver Colorado. You can visit their website at www.discovercoloradorealestate.com.

Denver Real Estate | Record number of foreclosures Started by Tom Reed - Posted June 08, 2008 9:44pm