A Division of Real Estate Consumer Advisory: If something sounds too good to be true, it probably is. Understanding Timeshare Resale Scams.
If you are an owner of a timeshare in Colorado and are entertaining the idea of reselling your timeshare property “Take 5 to Get Wise” and learn how to protect yourself from falling for a timeshare resale scam.
Watch the Video or Read the PDF via the link below
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:
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!
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.
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.
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.
If you live in Colorado and own your home, you may be eligible for an exemption or deferral of a portion of your property tax bill. To find out if you meet the eligibility requirements, click here, for more information.
The Property Tax Deferral program helps military personnel and seniors, many of whom live on a fixed income, continue to afford to live in their home by deferring the payment of their property taxes.
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.
It’s not as easy as you may think to sell your home in this market for the best price and terms. Take this class to learn all you need to know to sell your home. We will discuss the challenges of selling in a quickly moving market; the importance of the right pricing strategy; the actual cost to sell a home; negotiation tips and techniques and how to navigate the entire process. You will leave the class with information on the current real estate marker in your area, how to prepare your home for sale, how to choose a real estate broker and an offer of a free comparative market analysis of your home.
This article is copied from the “Capitol Connection Newsletter”, a brief weekly update of the Colorado Association of Realtors® Government Affairs Division.
Senate Bill 18-015: Protecting Homeowners and Deployed Military
SB18-015, sponsored by Senators Gardner (R-Colorado Springs) and Hill (R-Colorado Springs) and Representatives D. Williams (R-Colorado Springs) and Liston (R-Colorado Springs), allows for the removal of an unauthorized person (trespasser) from a residential property within 24 hours based on an affidavit from the true property owner. The rightful property owner is subject to the penalty of perjury if the information they report is inaccurate. CAR’s Legislative Policy Committee (LPC) supports this legislation, and earlier this week, CAR testified before the Senate Judiciary Committee. After that committee hearing, the Senate made three amendments to the bill. Amendment L001 clarifies that the newly established crime of altering or damaging a home does not preclude the prosecution of violations under any other law, primarily criminal mischief giving prosecutors more flexibility in prosecution based on the facts of the incident. Amendment L002 tightens the crime to focus only on “material” alterations to property of trespassers not minor changes made to a property by a trespasser. Amendment L003 adds security personnel as another type of law enforcement officer who is allowed to remove an unauthorized person from a property.
The unauthorized occupation of property poses a real menace to real estate when an unauthorized occupant moves into a vacant apartment or house without the consent of the true owner. Frequently houses targeted by unauthorized occupants are foreclosures or properties under-going renovations, but they can also be homes offered for sale by owners. In some egregious cases, families have returned home from a vacation to find unauthorized occupants living in their homes. The result is that under existing laws, true property owners must spend time and money to go through eviction proceedings to remove these trespassers from their properties. SB18-015 creates an alternative process to remove the unauthorized occupant. We anticipate a final vote on this bill in the Senate early next week before it moves on to the House of Representatives.
Colorado Association of REALTORS®
309 Inverness Way South Englewood, CO 80112