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Archive for the 'Newlin Meadows' Category
Paying off my house and the BIGGEST load of CRAP in real estate.
Aug 30th 10
Are tax deductions worth the interest?
Should you pay off your mortgage? I think most people should.
Today I’m talking about mortgages, paying them off and what I consider to be a load of crap pushed on home buyers by the lenders of America, accountants and YES the real estate brokers.
I’ve never understood why everyone says “oh you have to have a mortgage because you get the tax write off.”
I say BS. Wouldn’t it be better to have a paid for house with no interest payment and just pay the tax?
Here’s my way of thinking and no it didn’t originate from me. I was raised by two depression era grandparents that were basically in a steady savings cycle preparing for the next GREAT DEPRESSION.
(BELOW-I may be off a little but I hope you are getting the picture. I’m going off memory as I did not go into the basement and dig out my tax returns to write this post.)
Two years ago I remember looking at my year end taxes and seeing that my wife and I had paid around $14,000 in interest to the bank over the year. I also noticed that my WONDERFUL tax deduction was around $2,400.
So basically I have to pay a bank ~ $14,000 in interest to keep from sending the government $2,400. Is this the Great American Home Tax Deduction everyone says is so wonderful? Not to mention over the life of these mortgage loans you pay hundreds of thousands in interest to get in my opinion “NOT MUCH” in the way of a deduction.
It looks like a load of goods the banks & government put together to make us feel batter about all the interest the banks charge us.
Personally I think I would rather send the government their tax and just keep all my interest. Besides living in a paid for house has got to be a GREAT FEELING. Think about it. You are recession proof. If you lost your job you could easily go work at an hourly job and make the yearly tax and insurance payments. Hopefully it would only be temporary..right?
Vacations Paid For in Advance
I talked to my accountant about ways to payoff our house and told him that over our lifetime it would save my wife and I nearly $200,000 in interest. He told me “oh, well if you do that you won’t get your deduction.” I explained my theory to him and he still tried to tell me I needed this deduction. When I asked repeatedly why I have to have this deduction he couldn’t give me a real answer. He like so many others in the country have been brainwashed into thinking that we MUST have our deduction. Again BS.
Pay your house off and live like a Prince or Princess and have your income to save, invest and SPEND as you wish. Can you imagine that?
The other side is my investment adviser. He says “Steve you need to be putting money away for retirement.” Well, we are still saving. He says all that money in the house could be earning more money in the market. REALLY. Have you seen the market? I don’t know about you but a few more of these every 10 year implosions and I’m done with “the market.” I have highly paid professionals begging for alternatives to the stock market. They all love real estate right now. YEAH.
If you have your house paid for at an early age and have the remaining years of your working life to save, invest and actually enjoy a paid for vacation how would that feel? I think it would feel pretty damn good wouldn’t it.
No matter how you do it I think paying off your home as quickly as possible is the best way to go. Here is a recent article to help prove that it isn’t just me thinking this way. A lot of Americans are starting to see the benefits of being free from all debt and especially the home mortgage.
I think this guy, Dave Ramsey, has a lot going on in his debt free classes. A few years ago my wife and I went to his Financial Freedom class in Colorado Springs. We were basically on his program without knowing it. His word is true and if you stick with it you too will live like no one else so you can then live like no one else. Think about it. If you live frugally for several years to payoff all your debt it will allow you to live the rest of your life debt free. Plus along the way you will learn tricks (personal self control) that you apply once you become debt free that will save you money after you become debt free. In our society putting off our instant gratification so we could possibly live a better and more financially rewarding life in the future is a TOUGH sell.
I’m sure there are people out there that have different circumstances, needs and investment goals so this may not apply. But I believe for the average middle class person/family this is a viable option and should be explored. Just a few years ago talking about this to friends and clients was a dead end and they all thought I was a crazy person but now they seem to be coming out of the wood work to share their new goals of paying off their house.
Steven Beam is a CRS Realtor in Parker, Colorado. See client testimonials.
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Newlin Meadows Homes for Sale in Parker. Colorado
Meridian Village in Parker Colorado
Townhome for Sale in Parker Colorado
Lone Tree Colorado Homes for Sale
Homes for Sale in Antelope Heights a Parker Colorado Neighborhood
Apr 22nd 10
16670 East Prairie Goat Ave. Parker CO 80134
Another great home for sale in Parker Colorado. Antelope heights is a newer home community located just off Jordan Road in Parker, CO. The neighborhood location provides excellent access to 1-25, Parker Road, Lincoln Ave and Castle Rock via Hwy 86.
Asking Price $264,490.
MLS # 867362
- Beds 3
- Baths 3
- Finished basement
- 2164 Finished square feet.
- YES-3 car garage
- Large corner lot. (interior neighborhood lot!)
- Fully fenced and ready to go.
Related Articles:
The Home Buyer Tax Credit is Going Away!
Apr 2nd 10
Home Buyer Tax Credit
I guess we can all kiss the government Home Buyer Tax Credit bye, bye, bye. From the reports I’ve read and information I’ve heard it appreas to be going away with not much of a chance for a second extension.
NAR , The National Association of Realtors, appears to have given up hope of getting it extend and posted this information on a website.
“NAR has had extensive discussions with congressional allies and concluded that an additional extension of the tax credit is unlikely. While lawmakers recognize that the tax credit helped stabilize the market, it appears that much of the benefit has been realized. NAR is now focusing on improving the availability of financing.”
Well that sure is a bummer but at least we know they are going to now try and work out the many wrinkles in the mortgage industry. This should be interesting going forward.
Congratulations to all you buyers and sellers that took advantage of the tax credit and received your benefits.
Steven Beam is a member of the National Association of Realtors.
Parker home for Sale – 22011 East Idyllwilde Drive
Feb 24th 10
22011 East Idyllwide Drive
This is an amazing Parker Colorado home for sale in the Idyllwilde subdivision. Idyllwilde won neighborhood of the year two years in a row for obvious reasons. The builder, Village Homes, spared no expense on infrastructure. The pool, The Grange, walking paths and play grounds are all top notch. Idyllwilde is easily one of the best locations to live in Parker Colorado. The entire neighborhood is situated on the high rolling hills above Parker which allow for massive Front Range views from most of the homes. Idyllwilde is located just South and East of Mainstreet in Parker. Shopping, hospitals and year round entertainment are right out your front door.
MLS sheet for 22011 East Idyllwide Drive in Parker Colorado
Features of the home:
- Price: $399,900
- Bedrooms: 4
- Bathrooms: 4
- Square Feet: 2725
- Basement Square feet: 933
See the Video Here.
Newlin Meadows 2009 Year End Real Estate Report-Parker Colorado
Jan 11th 10
Peace in the Real Estate Market
Let there be PEACE in the real estate market! Another great year for Newlin Medows real estate.
Here it is. The 2009 real estate market report for Newlin Meadows in Parker Colorado.
Previous Market Reports for Newlin Meadows
Please make sure to see the FULL spreadsheet here of the sales and numbers.
Newlin Meadows is starting to grow wings. Being such a new neighborhood in Parker, Colorado it has taken a few years for resale homes to gain ground and finally start to show turnover. Year over year 2009 posted nearly double the sales compared to 2008.
Newlin Meadows is a very attractive neighborhood for it’s ideal location in Parker and the size and price of the homes. Easy access to all major highways and shopping centers are a serious draw. I receive more internet inquiries for Newlin Meadows, Horse Creek, Stonegate and Pradera than all other Parker neighborhoods combined.
See Every Home for Sale in Newlin Meadows Here!
Homes by price range in Parker
PREDICTIONS-Parker Colorado Top 10 List for 2010.
Numbers for Newlin Meadows for 2009
- Number of homes sold = 23 for 2009 versus 13 for 2008
- Highest Priced Home Sold: $540,000 for 2009 versus $509,950 for 2008
- Lowest Priced home Sold: $266,603
- Median Price Sold: $389,900
- Median Price List: $399,210
- Median Original List Price: $420,000 (this is before any price reductions)
Volume
- 2009 NET Volume Sold = $8,857,676
- 2008 NET Volume Sold = $5,397,662
Averages
- Average Days on Market = 152 for 2009 versus 80 for 2008
- Average Difference between Original Listing Price and NET Sales Price = 92.4%
- Average NET Sold Price = $385,116
- Average Price Per SQFT = $145
- Average Original Listing Price: = $416,773
If you want more call me 303-941-4663 or send me an email.
Newlin Meadows is a Top Parker Neighborhood – Market Report
Nov 30th 09
Newlin Meadows
“Newlin Meadows is one of the most sought after neighborhoods in Parker Colorado.”
I know Newlin Meadows in Parker is one of the most looked at neighborhoods because I receive a lot of correspondence from potential buyers looking into this area. I believe the location of Newlin Meadows and the views from high above Parker are some of the main attractions as well as the reasonably price homes ranging from the LOW $300’s to LOW $500’s.
Here is the most recent market report for Newlin Meadows in Parker Colorado.
- Total Homes Sold So Far = 21
- Average Days on Market for 2009 = 141
- Average Square foot of Sold Properties = 2658
- Average NET Sales price = $387,843
- Average Concession Given to the buyer = $1,851
- Average Original Listing Price = $417,466
- Average Difference between asking and selling price = 92.9%
- Average Price Per Square Foot = $146
- Most Expensive Home Sold = $540,000
No listings matched your search. Please refine your search and try again.
Parker Colorado Christmas Tree Lighting Festival November 27
Nov 24th 09
Parker Christmas Tree Festival
- Parker, Colorado Christmas Tree lighting festival.
- Friday, November 27th
- Starts at 5:00 and the tree lighting will begin around 6PM.
- The Lions Club will have their famous chili and the Children’s Choir will be singing.
- See you there. Dress warm!
Newlin Meadows Parker Colorado Real Estate Report-Sold Homes
Oct 15th 09
Newlin Meadows Real Estate
Newlin Meadows real estate market report. Below you can see the SOLD homes in Newlin Meadows between Jan 1st, 2009 and October 12, 2009.
Newlin Meadows is located in Parker Colorado South of Mainstreet and West of Jordan Road.
- Total # Homes Sold in Newlin Meadows = 18.
- Average ORIGINAL Asking Price $405,379.
- Average Sold Price $376,782.
- Average Listing Price $386,356.
- Lowest Sold Price $266,603.
- Highest Sold Price $472,279.
- Total Volume of SOLD homes in Newlin Meadows $6,782,081.
- Average % of asking price home sold for from the ORIGINAL asking price 92.95%
See ALL Home for sale in Newlin Meadows HERE.
Newlin Meadows in Parker Colorado-Homes for Sale
Aug 25th 09
Newlin Meadows homes for sale in Parker Colorado. Quickly see all the homes for sale in Newlin Meadows right here. Newlin Meadows is one of the best and newest neighborhoods in all of Parker Colorado. Real estate sells quickly in Newlin Meadows so be prepared as a buyer. Know the values before you start shopping for homes.
Newlin Meadows is located South on Jordan Road from Lincoln Ave.
Call Steven Beam a Parker Colorado Realtor for more information or recent market stats for Newlin Meadows. I can easily show you what has sold i the area and for what prices. 303-941-4663. EMAIL STEVE
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