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Horse Creek
Horse Creek
Horse Creek located in the heart of Parker, Colorado could be one of the best neighborhoods in Douglas County. Most of the homes and the neighborhood are situated high on the rolling hills that surround Parker with great views in both directions. East and West. You can choose mountain views or views of the valley running north and south through Parker. Either way you cannot lose.
Home builders in the neighborhood include Richmond and D.R. Horton. Prices range from the high $300,000’s to well over $400,000. Contemporary styling and open floor plans are the theme. Expect to see well appointed gourmet kitchens that are open to the family room for family interaction and large play areas in the basements for more family entertainment. Horse Creek also offers neighborhood parks for the kids and easy access to the Cherry Creek Bike Trail. There is also a community pool for Horse Creek home owners.
Steven Beam is a Parker Colorado Realtor. 303-941-4663 or Email Steve
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.
Steven Beam Social Media Connect.
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.
Horse Creek Neighborhood 2009 Yearend Real Estate Market Report
Mar 9th 10
Here it is. The 2009 real estate market report for the Horse Creek subdivision in Parker Colorado. This report shows all the homes sold for 2009 in Horse Creek.
Special thanks to Dan K. for requesting this report as I have been slow to get them all completed. Please don’t hesitate to request specific information or stats. I love putting them together.
Please make sure to see the FULL spreadsheet here of the 2009 sales and numbers. Here is the spreadsheet for 2008 homes sold in Horse Creek in Parker , Colorado.
Two very different years for Horse Creek. 2009 versus 2008 the total sales numbers are far below what was sold in 2008 and to be honest 2008 for me was no where near as good as 2009. I know the election and the havoc caused by that and the massive stock market drop had a lot to do with the 2009 slow down. No worries. Douglas County is strong, wealthy and highly educated. They cannot keep us down for long and I can already see a massive influx of new relocation buyers and sellers for the Douglas County real estate market in 2010. So hang on and get ready for a wild ride. I see a great year in the making.
Parker is about to see another round of foreclosures and yes most will be in the lower price ranges but I am also seeing quite a few on the upper end as well. I guess all the people that held out over the last two years have run out of cash or the energy to keep up the payments.
See Every Home for Sale in Horse Creek Here!
Homes by price range in Parker
PREDICTIONS-Parker Colorado Top 10 List for 2010.
Numbers for Horse Creek for 2009
- Number of homes sold = 27 for 2009 versus 51 for 2008
- Highest Priced Home Sold: $450,000 for 2009 versus $435,000 for 2008
- Lowest Priced home Sold: $208,550
- Median Price Sold: $364,000
- Median Price List: $390,000
- Median Original List Price: $389,900 (this is before any price reductions) Yes I see that it is lower than the Median Original List Price above. I’m using the numbers as I see them I cannot explain this other than someone must have raised their asking price at some point.
Volume
- 2009 NET Volume Sold = $9,218,713
- 2008 NET Volume Sold = $17,052,205
Averages
- Average Days on Market = 98 for 2009 versus 80 for 2008
- Average Difference between Original Listing Price and NET Sales Price = 92.20%
- Average NET Sold Price = $341,434
- Average Price Per SQFT = $133
- Average Original Listing Price: = $370,304
- Average Square Feet: = 2603 (not counting basement)
- Average Concession = $5,499 This is an amount given to the buyer from the seller for closing costs usually. It is subtracted from the selling price to get the NET selling price.
If you want more call me 303-941-4663 or send me an email. Steven Beam is Parker, Colorado Realtor living and working in this area.
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!
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