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BUYERS FINANCING FALLS THROUGH!

by Team Cook

BACK ON THE MARKET!

WON'T LAST LONG!

4448 CUSHING DRIVE - LOVELAND
ENCHANTMENT RIDGE
  

CLICK HERE TO TAKE A VIRTUAL TOUR!

NOT EXACTLY THE HOME YOU WERE LOOKING FOR?!
CLICK HERE TO FIND YOUR DREAM HOME!

Team Cook Says "SOLD" on this fantastic ranch-style home in Johnstown!

Listed Price: $260,000
Sold Price:   $260,000
SOLD FOR FULL PRICE!!!

CLICK HERE TO FIND OUT WHAT YOUR HOME IS WORTH IN TODAY'S MARKET!

CONTACT TEAM COOK TODAY TO GET YOUR HOME SOLD TOMORROW!
970-532-2695


 

The Senior Property Tax Break Returns

by Team Cook

SENIOR PROPERTY TAX BREAK RETURNING
By: Tim Hoover - The Denver Post

Colorado seniors are poised to get a property tax break for the first time since 2008, but the State’s largest group for retirees wants seniors to ask themselves a question before claiming the exemption.
"Do you really need the money?"
Because if you don't need to take the Senior Homestead Exemption, argues AARP of Colorado, there's a way you can use your share to help less fortunate seniors.
"This is a great opportunity to help others in your community if you feel you can afford to do so," said AARP state director Morie Smile. "Right now, senior services in our community are under funded by tens of thousands of dollars. Every little bit helps."
State lawmakers, at the urging of AARP and other groups, passed legislation this year that requires any money unclaimed for the Senior Homestead Exemption to go into the Older Coloradoans Cash Fund, which helps pay for in-home meals, transportation and other services for needy seniors. AARP officials admit it's hard to say how many seniors might be willing to for-go their property tax exemptions to help others - especially given that not many people know about the option.
Lawmakers this year allocated $98.5 million to reimburse local governments for the cost of the tax exemption, which voters approved in 2000 for those over 65.
The tax break is applied to 50 percent of the first $200,000 of a home's assessed value. However, a senior must have lived in his or her home for the last 10 years to get it.
The voter-approved measure also allowed lawmakers to reduce or zero out the exemption, which in tough budget times over the past decade, they have done in all but four years. The exemption was last granted in 2008 and has been suspended since then.
In 2008, 163,619 seniors claimed the exemption. For a $250,000 house, the average savings was $579.
A constant criticism of the exemption is that it is not means-tested and gives a tax break to wealthy seniors who own homes, as well as those of lesser means. Meanwhile, it does nothing for seniors too poor to own a home.
"Some people need it, we definitely understand that," said Kelli Fritts, lobbyist for AARP. "But some people who qualify don't need it."
This year, lawmakers allowed the exemption to return, but added the language requiring any money unspent to go to programs for poor seniors. They also added a process for seniors to forgo the exemption.
Seniors who had already qualified for the exemption in prior years can contact their county assessor by Sept. 15 and ask to be taken off the eligibility list. Those who haven't qualified yet can simply not sign up. Continued..... (Read more of this article at: www.Denverpost.com)

 

DID YOU KNOW?!

by Team Cook

Do you know how interest rates can affect your buying power?!

Let's say you want to keep your house payment at $1,100.00 per month. 

With today's interest of 3.5% you could borrow $244,964.00.

If the interest rate jumps to 4.5% you can now only borrow $217,097.00

at 5.5% you can now only borrow $193,733.00

at 6.5% you can now only borrow $174,031.00

This is HUGE!!! We have heard the projected interest rates will rise over 6% for the year 2013!!! You could potentially buy a home today that is $70,000 MORE than what you may be able to buy a home for in 2013!!!

NOW IS THE TIME TO BUY - DON'T MISS OUT ON THIS FANTASTIC OPPORTUNITY!

 

 

 

Displaying blog entries 1-4 of 4

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Team Cook Real Estate Services
The Cottage Realty Ltd.
908 Mountain Avenue
Berthoud CO 80513
970-532-2695
Fax: 970-532-2699

"I have truly heard and seen first-hand that Cottage Realty is wonderful, exemplary, and a real asset to the economy of Northern Colorado. I will definitely keep Cottage Realty in mind as my first choice if and when I have real estate needs in the future. Again, thank you so much. I will also refer you to friends and family who need your services. Sincerely...Stacy"