Broomfield Colorado Homebuyers and Down Payments

Home Buyers in Broomfield, Colorado Can Save For That Down Payment Faster.

For many first-time homebuyers looking to Broomfield Colorado home buying for a property, the thought of saving a substantial amount of money for a down payment can seem overwhelming. But there are several ways to make a down payment a lot easier and have you into your new home faster than you'd ever imagined. So, here are a few tips on how to get your down payment together:

Before you purchase a Broomfield Colorado home for sale, Invest in yourself first.

Of course you think that paying your monthly bills is an important financial commitment. And like many people, you may also consider savings or investments to be purely optional. However, if you can commit yourself to paying everyone else, you need to make the same commitment to yourself. Set up a savings or investment plan and start making payments to it, just as you do for your other creditors.

Re-organize your finances and you may find the money you need.

Often, finding extra money for savings is as easy as reorganizing your budget. Managing your money a little differently, perhaps by consolidating your debts, can sometimes free up the extra money you need.

Consider tapping into your RRSPs.

RRSPs are a good way to secure your financial future while enjoying tax benefits today. Certain buyers may qualify for the government-approved CIBC RRSP Home Buyers Plan that allows you to use your RRSP savings toward the purchase of a home. If eligible, you as a homebuyer and your spouse may withdraw up to $20,000 each from funds that have been in your RRSPs for at least 90 days. The funds aren't taxed as long as you repay the total amount to your RRSP over the next 15 years. Your payments don't have to start until the second year after the initial withdrawal.

Use GICS to help you save.

GICs offer you competitive rates of return and offer a safe, secure way to grow your savings. For flexibility, you can choose from a variety of terms. Choose non-cashable GICs and you won't be tempted to dip into your savings.

Mutual funds.

Saving for a home for sale doesn't mean you have to put your retirement planning on hold. Lower-risk savings mutual funds are great for achieving short term goals like saving for a down payment, while other funds can offer higher returns for a longer-term investment.

For more information on Broomfield Colorado home buying and Broomfield Colorado housing for sale, mortgages or these unique government approved programs, call me and I can help you in your journey to get a Broomfield, Colorado home for sale.

Broomfield CO Home For Sale: Tips For Staging

So what are the most important elements in presenting a home to a buyer, ? It is three words: clean, clean, clean. Until recently, staging meant pulling out all the stops—setting the dining table with your best china and crystal, arranging flowers, lighting candles. Now it is recommended that a family with a Broomfield Colorado home for sale take the minimalist approach. Basically, you want to strip the house to its bare essentials, depersonalize it so potential home buyers can superimpose themselves and their lifestyle on the house for sale:

1. Visit model homes and examine shelter magazines for inexpensive decorating ideas. Always keep in mind you are not decorating for yourself but for every Broomfield Colorado home buyer who is looking out there.

2. Start with the outside. Give the house a fresh coat of paint, add shiny hardware to the front door and plant a few flowers to send a subliminal message the house is loved and well cared for.

3. Declutter every room to make it look larger. Get rid of family pictures, trophies and knickknacks. Closets and drawers should be no more than 30% full.

4. Invest in eco-friendly but bright lights. Open the drapes or remove them completely. Light, bright rooms give the impression this is a warm,happy place—and everyone wants to move into a place like that.

5. Feature only a few pieces of furniture with mainstream appeal. Pull pieces away from walls to make rooms look bigger.

6. Make sure a room’s primary use is obvious. A bedroom should look like a bedroom, not an office, hobby center or gym.

7. Bedrooms and kitchens are difficult to stage because they are in daily use, but make the effort. Clear everything off the counters and nightstands, roll up the rugs and hide the laundry hamper. Buff the cabinets with car wax and clean under the sinks. Invest in pristine white bed linens and towels.

8. Minimize the “pet effect.” Remove food bowls and litter boxes to the utility room. Deodorize thoroughly.

9. Organize the utility room and garage. Hang up the bicycles, roll up the hose. Renting a storage locker is worth the cost if it helps you sell faster and for a higher price.

10. Once your house is staged, invite your friends and Realtor over and walk them through to get an objective opinion.

If your house isn’t clean, it instantly sends up negative thoughts that the home is not well maintained. I cannot stress how important this one element is to selling your home in Broomfield, Colorado. If your house is spotless, you are far ahead in the game.

Shaun Werkele

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