Owning a home is a dream of almost everyone. However some people simply can’t afford to buy. You should first prepare an estimate and find out how much you can actually afford to buy a home.

Once you have estimated your affordable amount, then it becomes easier for you to search for a home that suits your budget and other requirements. A pre qualification also indicates your credit worthiness. With this pre qualification you can boldly negotiate with your seller. On the other hand the seller will understand that you are a genuine buyer and therefore will offer you his best price.

What are the things you should do to pre qualify to buy a home? First you should calculate your regular monthly expenses such as mortgage or rent, bills, education expenses, gas, groceries and maintenance expenses accurately. You should also include the expenses such as auto insurance, medical insurance and property taxes. Then you should calculate your actual monthly income exactly. You may include your part time income and interest from your investments as well. We do provide some some helpful mortgage calculators that help you quickly determine how much house you can really afford.

Now you know how much you can pay as your monthly installment. You can easily obtain your mortgage with your pre qualification in hand. You can buy a home with out much stress and difficulties. Moreover you won’t have any stress even after you buy the home and start paying your monthly payments. As always Sam Wilson is available to help guide you through that financial maze. You can contact him directly at (303)526-2606 or email san (at) samwilsongroup.com.

The numbers just came out through July of 2009 and there’s a couple of key points that you should know whether you’re a buyer or a seller. These are important, relative to selling your home or finding the right home to purchase.

The first important fact is that we have dropped below 5 months of inventory on the market.  There’s about 20,000 properties between detached single family homes, condos and town homes that make up this amount of inventory. Importantly, there’s a little over 4,000 homes a month that are selling right now. Meaning, if no other homes were listed today, it would take about a little under 5 months to clear out all of our inventory.

Obviously, that’s a moving number and moving target because there’s always more homes listed and more homes sold. It’s very fluid. But the significance of this number is that the National Association of Realtors says that, ‘Over 6 months of inventory is a buyer’s market, under 6 months of inventory, is a seller’s market.’

Now I don’t want to get you too excited as a seller because one of the reasons the inventory is down so much is there’s a lot less foreclosures on the market. I’ll explain that at another time. What’s important to know right now is that inventory is down, mortgage rates are still down and actually dropped a little bit in the past couple of weeks and the home buyers out there, if they’re first time buyers, still can take advantage of the first time home buyer tax credit.

With over 20,000 listings to choose from, it’s important that you find the listings that meet your criteria and that you’re able to act quickly in order to make offers and purchase the properties that you want. I can’t tell you how many times in the past month that we’ve run into competitive offers for our buyers, and even for our sellers, when they list a home in a hot neighborhood that’s priced right.

To sort through all of this, I have lots of tools and services available for both buyers and sellers. For buyers, you should visit, www.EasyDenverHomeSearch.com, to start searching for your home today, and sign up for the E-mail alert service that will get you all the new listings first thing in the morning or whenever during the day you’d like to see them.

For sellers, visit, www.SamWilsonGroup.com, to see some of my tools and advertising mechanisms to market your home, to get it sold quickly and attract only the most serious buyers. With the market changing almost every week and definitely every month, I also offer free consultation services either for a buyer or a seller. I’ll give you a 1-hour free consultation to help you determine the best way to market your home or the best way to find and purchase a home in the Denver Metro Area.

Contact me directly 303-526-2606 or email me at Sam [at] SamWilsonGroup.com and we’ll set up an appointment to help you sort through this quickly in the rapidly changing market.

Until next time

Larimer Street is a great area of Downtown Denver. There’s a lot happening on Larimer. There’s condos and lofts that you can live in, and it is a very vibrant area for restaurants, bars and of course night life.

Larimer Street crosses the 16th Street Mall which is very pedestrian. In fact, the only vehicles that can use the 16th Street mall are the city buses. There are a lot of bars and restaurants such as the Hard Rock Café and lots of real fun places, vibrant during the day and just a real fun spot at night time.

There are many lofts and condos and of course the only way to find the good deals on those lofts and condos and all these great areas is on www.EasyDenverHomeSearch.com. You can go there and use a map search, put in your price range and you can find all the great deals, all the good cool lofts and all the great places to live.

At Larimer and 14th Street they close the area off a lot for block parties and festivals. It’s also near the Denver Convention Center, which is just booming right now, building new hotels and all kinds of great tourist and visitor sites for people. This area of Downtown Denver is one of the areas that has really held its value.

For more information or searches for homes in this area contact me directly at (303-526-2606), or visit www.EasyDenverHomeSearch.com and you can send me an E-mail from there, or just email me at Sam [at] SamWilsonGroup.com.

Until next time