Here is a home about to hit the market in February 2009. This home will be for sale in about a week. List price to be determined.

Video Below!

Call Steven Beam for a showing at 303-941-4663 or Email Steve.

Home for sale in Parker Colorado

Address:12828 Arezzo Cirlce, Parker, Colorado 80134

Parker Neighborhood: Anthology

Features:

• 5 Bedrooms. 3 up, main floor master bedroom and 1 in the basement.
• 4 bathrooms
• Fully finished walkout basement with media room, rec room, bedroom, 3/4 bath, large storage area and possible office or 6th bedroom.
• High lot with great Parker Colorado views.
• 3 Car garage
• Wood floors.
• Large open island kitchen
• Formal living room or office at the front of the house with french doors
• Formal dining room
• Large family or great room.
• Large play room over the garage.
• Two story open floor plan.

The Colorado Golf Club Quick Facts

To schedule a private tour of the homes and facilities call or EMAIL Steven Beam 303-941-4663.

Colorado Golf Club Parker, Colorado real estate and lots.

Real Estate Homes and Lots for Sale

• Only 38 custom homesites still available. Average size 2.5 acres. Priced from $525,000 to $2,000,000.
• Set on 1,700 acres of beautiful rolling Parker, Colorado real estate.
• 7 Speculative homes are complete and ready to go. from 7,000 to over 9,500 square feet priced from $3.6 million to 5.2 million.
• Over 1300 acres dedicated to golf and open space protected by a conservation easement.
• 97 of the 135 custom homesites have sold and closed.
• The Colorado Golf Club is located on the east side of Parker Colorado.There are views of the entire Front Range from almost every location.
• Betts Lake area: John Laing Homes. 35 semi custom low maintenance homes. 5 floor plans. 2,800 to 4,200 square feet base priced from $1.4 to $1.6 million. There are two completed homes priced from $1.9 to $1.975 million INCLUDING a golf membership.
• Indian Paintbrush area: This is a special area at the Colorado Golf Club. Offering streamlined building opportunity minamizing hassle and legwork. Prices start at $500,000 to the high $700’s. Custom home pricing from $1.5million.

Colorado Golf Club Course, Clubhouse, Fitness and Entertainment Facts

• Named the #1 Best New Private Course in the U.S. by Golf magazine.
• The current membership deposit is $95,000.
• Golf Course designed by Bill Coore and two time Masters Champion Ben Crenshaw
• 18 Hole Members only golf course.
• 9 par 3 holes ranging from 81 to 194 yards.
• Practice range and short game area.
• 40,000 square feet of elegant and richly finished clubhouse.
• Swimming pool and tennis courts.
• Hiking and Biking Trails. Over 11 miles of trails for your enjoyment. Soft trails for running and walking. Paved trails for biking.

National memberships

• Current National membership deposit $200,000.
• Cottages. Up to 11 cottages adjacent to the clubhouse may be built with 4 bedrooms, 4 bathrooms and aproximately 2300 square feet. Call for details on availability and membership requirements.

I was lucky enough to be invited to The Colorado Golf Club for lunch and a tour today.

Colorado Golf Club

They have 7 spec homes ready for purchase that are either finished or almost complete. My personal favorite was located at 7935 Forest Keep Circle, Parker, Colorado. The house is tucked back in the trees and located at the end of a long winding driveway. Plenty of privacy! The finishes and layout of the house were perfect for a family or even empty nesters. You definitely get the “WOW” affect when you drive up and enter the home. There was obviously a lot of thought, preparation and craftsmanship involved in building and situating this home on the lot. See the virtual tour here.

I will be posting a full review of the tour and amenities of The Colorado Golf Club soon.

Looking for “HOT BUYS” in Parker Colorado? These are good buys in Parker real estate available now. You have instant access below. If you see a home you like or would like to set a showing click on the home and make it happen.

Here are great links to the most up to date real estate market reports for Parker and the surrounding areas. The are neighborhood specific reports.

Stonegate real estate and homes sold for 2008.

Canterberry Crossing + Villages of Parker homes real estate market report 2008

The Timbers custom homes real estate market report year end 2008

All area market reports.

Below see the spreadsheet with all the currently active, under contract and SOLD homes and real estate located in Canterberry Crossing and the Villages of Parker. Located in east Parker Colorado off Mainstreet. Canterberry Crossing ina middle to upper middle class neighborhood located around the 18 hole Black Bear Golf Course which has a practice area. With rolling topography and lots with big long range views of the Colorado rocky mountains. Great location, great views and top notch golf.

TIME FRAME: January 1st, 2008 thru December 22, 2008.

See entire spreadsheet here of homes and real estate for sale in Canerberry Crossing and the Villages of Parker.

See homes currently for sale in Canterberry Crossing and the Villages of Parker here.

Steven Beam is a local Parker Colorado real estate broker. My RE/MAX office is located at Mainstreet and Twentymile Roads in Parker. 303-941-4663.

Looking for a Realtor that knows the numbers and how to sell homes? Please call me I would love to interview for the job of helping you buy or sell your next home.

Other Market Reports:

• October 2008 Douglas, Elbert and Parker Colorado Real Estate Stats
• DHL-Douglas County Highlands Ranch and Lone Tree real estate and homes sold October 2008
• Entire Denver Metro Market report. Total MLS coverage.
• Parker Colorado Homes for sale from $200,000 to $500,000

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www.Creationsinmarble.com

Email Creations in Tile and Marble.

Phone: 303-733-2449

Fax: 303-733-3409

Ask for Bryan Gregory!

Ok here it is. I will keep my buyers names under wraps but I will tell you their story. It’s a story of “SHORT SALE HELL!”

Players:

• Buyers-Nice young couple that just wanted a home.
• Two brokers. Joyce Davis and myself Steven Beam
• Bank: Countrywide. Evil villan.
  
• Seller. Nice couple from Arvada.

On April 2, 2008 my buyers and I submitted an offer on a nice 3 bedroom home in Arvada. We knew going into it that this was a short sale and we were probably going to have to wait at least two months. They decided after a month to go ahead with the inspection. (minus the sewer scope until we have a fully accepted offer) The inspection went fine and we really only had a few minor concerns which the sellers took care of quickly. No problems so far.

In our 4th month the buyers had enough so they decided to go after another home not far away. We submitted the offer, got it accepted and scheduled the inspection. The house was a mess with electrical problems and then the sewer scope revealed a 4 foot break in the line. Oops! Of course the sellers declined to fix it since it would have cost them around $4,000. I believe the sellers were banking on the next buyers not scoping the line and getting away without correcting the problem even though they are supposed to disclose this problem.  So yes. My buyers have now spent close to $1,000 on inspections with no house to live in and nothing even close on the horizon. All the time living in a friends basement.

After the failed attempt to get a second house the listing broker from the original offer called to say that she still had our offer into the bank and that if the buyers were still interested they could resubmit an updated offer and continue their wait. So that is just what they did. Another 30 days pasted and Countrywide said they didn’t like our offer because we were only asking for $5000 in closing costs. They said most buyers needed 3% in closing costs which would mean we would now need to resubmit an offer asking for an additional $1,000 in closing costs. Do you see what just happened? The bank wanted to give the buyer more money for closing costs since everyone else did it that way. The bank just declined an offer to have us resubmit asking them for more money in closing costs therefore lowering the offer to the bank. STUPID! Our new imporved offer was now asking for $6,000 in closing costs. The buyers didn’t care they will just use the extra dough to buy down their rate.

In August we got a call from Courtywide. Our FIRST RETURNED CALL IN MONTHS! They told us they had moved the processing center and trained hundreds of new employees to handle short sales and not to worry we would have an answer in 7-14 days GUARANTEED! After a few weeks they ordered what was probably the 4th or 5th BPO and appraisal on the property just to make sure they were not getting screwed. They were not. Finally after another month we got a call and they have after 7 months of BS approved the short sale. YEAH!

Bottom line. If you don’t have a lot of time to waste or major patience don’t go after a short sale. Short sales can cause a lot of brain damage and not to mention expense. We still have not closed the property. Should close this month. I hope. I’ll keep you posted.

Overall I will have to say that my buyers have been very level headed and patient. They never really got upset and they kept their eye on the ball. I can only hope for their sake the property does in fact close since they just paid to have the sewer line scoped and thankfully it was all clear. I’m sure they are over $1,000 in inspection costs now.

Deal of the week in Parker Colorado.

See the video below! Photos too.

Pre-foreclosure short sale deal on 10 acres of land fenced and a 3000 sqft total with a walkout basement home right here in Parker, Colorado. Close to town 10 acre parcel of land newly fenced with dog area and horse pastures. No appliances, kitchen has been remodeled. New Anderson windows and doors. The land alone is worth $250,000. House needs some finish work, carpet and paint. This is the Steve Beam deal of the week. Call for details or a showing. I would be surprised if this lasts long.

Steven Beam phone: 303-941-4663

EMAIL Steve

Buying a home in Parker, Colorado or anywhere else in this great country is becoming a little more complicated. Some new rules and regulations that we all need to be aware of have been passed along to me from a great local lender Jocelyn Predovich at Limetree Lending in 303-325-3578.

Parker Homes for sale $200,000 to $300,000.

Parker Homes for sale $301,000 to $400,000.

Parker Homes for Sale $401,000 to $500,000.

Parker Homes for Sale $501,000 to $700,000.

Parker Homes for Sale $701,000 to $900,000.

Luxury Million Dollar Homes for Sale in Parker Colorado.

Effective August 1, 2008, Fannie Mae has implemented some major changes with regard to seasoning of bankruptcies, seasoning of short sales, seasoning of Foreclosures, & conversions of primary residences into rental
properties.  This update will give you all the pertinent information you need to conduct your business in the best manner possible.  These are not all of the guidelines but it will give you the important details of the changes.

Bankruptcy Seasoning

• All bankruptcy filings, except for chapter 13, must be seasoned for 4 years from the date of discharge or dismissal. The major change to this was the dismissal addition.

• Chapter 13 Bankruptcies must be seasoned 2 years from the date of discharge or 4 years from the date of dismissal.

• In cases of multiple filings in the past 7 years, the borrower must wait a minimum of 5 years from the date of the most recent dismissal or discharge regardless of the bankruptcy action.

• In cases of extenuating circumstances, borrowers must wait 2 years from the date of discharge or dismissal regardless of the bankruptcy action.

Foreclosures

Borrowers that have had previous foreclosures are now under greater scrutiny when applying for financing under these new guidelines.  Below are some of the major bullet points:

• Minimum time frame a borrower must wait before they are eligible for financing is increased to 5 years from the date the foreclosure was completed.

• Between the 5 and 7 year time frame a borrower may only purchase a primary residence. Investment properties and second homes are not permitted.

• Each borrower applying for the loan must contain a minimum FICO score of 680.

• Minimum down payment of 10% is required. FHA is now requiring 3.5% down payments for their loans.
  

Pre-Foreclosure or Short Sales

Fannie Mae views any sale of a property to a third party for less than is owed on the delinquent mortgage to be a pre-foreclosure sale.  (We call them short sales)  The new guideline states that the borrower must wait for a minimum
period of 2 years from the date of the sale, before being eligible to buy a new primary residence.  Currently, there is no exceptions to this due to extenuating circumstances.

When speaking to clients this is one of the reasons why short sales are more preferred than a foreclosure – they can buy a primary residences in 2 years instead of 5!

Conversion of Primary Residences to rental property

VERY IMPORTANT THIS HAPPENS A LOT

Changes to guidelines with regards to converting a primary residence into an investment property are extremely important.  Fannie Mae felt that the previous guidelines that stated a borrower simply had to supply a 12 month lease
agreement and lenders could offset the monthly mortgage payment by the amount stated in the lease is no longer valid.  The new guidelines state that if a borrower wants to purchase another home and turn their current primary
residence into a rental, the following will apply:

• The borrower must provide proof they have at least 30% equity in the current primary residence. This can be determined by an appraisal, AVM, or BPO.

• The borrower must provide an executed 12 month lease agreement on the current residence to offset the mortgage payment. Also, the borrower must provide receipt of the security deposit and show the security deposit has been deposited in the borrowers account.

• 75% of the monthly lease amount will be used to offset any mortgage payment. 25% is used to account for any vacancy that may occur.

If 30% percent equity cannot be determined, the following will apply:

• Rental income on the current property may not be used to offset the mortgage payment. Borrowers must qualify for both mortgage payments.
• Borrowers and home buyers must have at least 6 months PITI reserves for both mortgage payments; sourced
  and seasoned.

Please understand these guidelines only apply to conventional financing and does not include FHA or VA

FREE-$7,500 for first time home buyers! Come and get it!

The Housing and Economic Recovery Act of 2008 is here and you need to take advantage of it.

***Click here to read the frequently asked questions.*** Check with your tax preparer to make sure you qualify.

Yep that’s right it is FREE Money and no one likes FREE money more than ME. If you are a first time home buyer you are now entitled to a tax credit up to $7,500 from the federal government.

Question: How is the credit amount figured? 10% of the first $75,000 spent on the home you buy is the amount of the credit. If you spend less than $75,000 on a house then you will receive 10% of the amount spent. Example: If you buy a Parker Colorado home for $50,000 (doesn’t exist) your credit will be $5,000.

Client Testimonial of the week:

“Thank you for being a patient REALTOR and helping us find a great first home!” Jamie and Katie, Highands Ranch, CO. June 2008.

Question: What is a first time home buyer? Anyone that has not owned a principle residence in the last three years is eligible.

Question: I own a vacation home does that disqualify me? NO. Vacation homes do not count against you.

Question: I just got married and my wife owned a home several years ago can we get the tax credit? As long as each home buyer has not owned a principal residence in the last three years they can be eligible for the tax credit.

Read the full FAQs here.