Colorado Realtors Dan Polimino, Gary Lohrman and Mortgage Lender Andy Jorgensen are at it again.

This time the trio is giving the American public a chance to win $250,000 dollars in cash towards their Colorado Dream Home.

Maybe you have been wanting to buy a first home, maybe you have dreamed of buying land and building a home or maybe you just want upgrade. No matter the reason Dan, Gary and Andy want to give this money away.

Just visit www.firsttimehomebuyerdenverco.com or www.taxcreditforeveryone.com and click on the link that says “click here for your chance to win $250,000 toward your dream home.” It’s no gimmick and there are no tricks.

Dan, Gary and Andy have been so successful with their website helping people buy their first home and get an $8,000 dollar tax so they decided to celebrate. Why celebrate because the government extended the tax credit to April 30, 2010 and created a tax credit for non first time home buyers. Check out the information about the $6500 tax credit for everyone at www.firsttimehomebuyerdenverco.com and www.taxcreditforeveryone.com .

As always if there is anything Dan, Andy or Gary can do for you in the home buying or selling process don’t hesitate to contact them. Their contact information is on the site.

A husband and wife were just about set to buy a home. They had narrowed it down to the final two choices and wanted me to go out with them one more time to help them decide. It was Tuesday night when they had contacted me and we were meeting on Thursday. By Wednesday morning, the two final homes had grown to six. They decided to look at four more including their final two choices. By Wednesday night, two of the six dropped off their list and they added four new ones. If you’re doing the math at home, that’s eight homes to look at on Thursday.

Thursday came along, we looked at all the eight homes, and the two finalists were still the two finalists. They said, “Dan, which one should we buy?” I said, “It’s a no brainer in real estate; the first golden rule is location, location, location. The second rule is to buy the most house that you can for the money. Based on those two rules, house “a” is the clear winner over house “b.” Both homes had all the same amenities and both were similar in price. With that said, I patted them on the back, sent them off feeling confident that they had found their home after seeing at least 75 homes to date.

Surprise, surprise! A few days passed and the buyers decided that they wanted to see a whole new slew of homes in a neighborhood that they never considered before. When asked what happened to their two finalists, they said that they were worried they hadn’t seen everything and that they might miss out on a better deal.

Ok, let’s nip this in the bud right now. When you are eclipsing 75 showings, its official…YOU HAVE SEEN EVERYTHING.  The truth is, you could go on like this forever and feel like you haven’t seen everything. There will always be a story of someone that got a better deal. You can’t win that game, but you can ensure that you get a good deal for yourself, your price range, and your criteria. Stop chasing the deal of the century because you’ll end up frustrated, unfulfilled and without a home. Trust your gut instinct, stop over analyzing everything, make a decision, and get on with your life. Real Estate agents are the only ones that are supposed to look at homes for the rest of their lives.

Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.coloradodreamhouse.com/denverpost

For the past ten years I (Dan) and my wife Jennifer have been gathering bags full of clothes, food, and other necessities to give to the homeless. Right around this time of year we ask our clients, staff, business associates, friends and family to help us by donating items that we can pack into Christmas bags. Then on the first Saturday of December our family plus the staff from our two businesses go to the rescue mission in Denver to hand out the bags. This year we will again be giving to the homeless although we have changed our format somewhat. Instead of gathering items and giving out bags we decided to accept donations and turn that into MacDonald’s gift certificates. We want to see how many people we can feed this year giving each person a $10 gift certificate. We believe the homeless will be much happier with the gift of getting $10 dollars worth of food. If you want to donate as always I can provide you a donation receipt for your tax records which is deductible since we conduct this event through our 501c3 charity Agape Ranch, Inc. Please let me know if you would like to participate before December 4th. On December 5th will be visiting the homeless outside the rescue mission down town. Finally if you believe in this event and want to share the news with friends, colleagues or family please feel free to copy and paste this information into an email to pass along. Thank you for your consideration and generosity in the past we sincerely appreciate it. 

Sincerely, 

Dan Polimino

Colorado Realtors Dan Polimino, Gary Lohrman and Mortgage Lender Andy Jorgensen are at it again.

This time the trio is giving the American public a chance to win $250,000 dollars in cash towards their Colorado Dream Home.

Maybe you have been wanting to buy a first home, maybe you have dreamed of buying land and building a home or maybe you just want upgrade. No matter the reason Dan, Gary and Andy want to give this money away.

Just visit www.firsttimehomebuyerdenverco.com or www.taxcreditforeveryone.com and click on the link that says “click here for your chance to win $250,000 toward your dream home.” It’s no gimmick and there are no tricks.

Dan, Gary and Andy have been so successful with their website helping people buy their first home and get an $8,000 dollar tax so they decided to celebrate. Why celebrate because the government extended the tax credit to April 30, 2010 and created a tax credit for non first time home buyers. Check out the information about the $6500 tax credit for everyone at www.firsttimehomebuyerdenverco.com and www.taxcreditforeveryone.com .

As always if there is anything Dan, Andy or Gary can do for you in the home buying or selling process don’t hesitate to contact them. Their contact information is on the site.

Have a great weekend and Happy Thanksgiving.

Fuller Sotheby’s agent Dan Polimino talks about how the tax credit extension has the phone ringing and people buying homes in Denver Colorado. He also talks about what it means for future buyers and seller. Finally he tackles the outlook over the final six weeks of the year.

Check out the video at http://www.youtube.com/watch?v=m0iE71AsHOo

I am sure by now that you saw the news from two weeks ago about the first-time home buyers’ tax credit being extended through April 30, 2010 and Congress creating a new credit for people other than first-time home buyers.

This was one of the best scenarios we could hope for. The only way that this could have been better is if it was a $15,000 tax credit for first-time buyers and everyone else, but we’ll take what they passed. More importantly, there are several reasons why this will continue to help the housing market and the economy overall.

First, you have seen me write this before the first $8,000 tax credit really did work. It got people off their couch, in the market, sold homes, put people to work, and stimulated the economy. Second, as I have said before, this crisis started with housing and housing will lead the way in turning the economy around. That’s why this critical legislation needs to be extended. It had a proven track record of success and will continue to benefit the country.

The $6500 tax credit for everyone else is also a strong move to get more people to buy homes. There are some preconditions here like you must have lived in your current home for at least five years before you can upgrade and cash in on the $6500. There are also some income limitations to be eligible for the tax credit, but overall, the incentive will bring more buyers into the market. (To find out all the fine details about the tax credit go to www.firsttimehomebuyerdenverco.com.)

Finally, there are a lot of reasons to buy a home right now: historically low housing prices, low interest rates, plenty of selection, motivated sellers, and cash incentives from the government. It’s almost the perfect storm for buyers. I say “almost” because the one piece of the puzzle that still needs to come around is the loosening of credit for buyers. We need to put pressure on Washington to get the banks to lend out more money with more favorable conditions.

Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.coloradodreamhouse.com/denverpost

On Wednesday, Move.com, the company that also owns the more popular Realtor.com, published a survey they conducted forecasting home buying in 2010. According to Move.com one in 20 Americans say they plan on buying a home within the coming year. While that doesn’t seem like a lot of people the most interesting part of the data are the demographics. The people most likely to buy will have a median age of 34 or younger and will be living in the South and West according to the survey.

If that’s true it bodes well for Colorado. Denver has been one of the first cities to lead the charge out of the housing slump. Denver also has continued to grow through this recession because it’s an attractive place to live and work. Young people flock to Denver because of jobs, lifestyle and climate. Corporations are relocating their headquarters here or building new facilities and along with that come new young workers.

According to the survey, roughly one quarter of all potential buyers said the number one reason they would buy now is because prices appear to have bottomed out. That reason topped bargain-priced foreclosures, worries about rising interest rates and a wide selection of homes. Now let’s take that data and see how it applies in our local market. Again that fits in perfectly with what Denver has to offer and what we are hearing from buyers. With the exception of the luxury market home prices bottomed out earlier this year and now are headed up. The buyers we are working with know that foreclosures are harder to come by, they don’t seem motivated by interest rates and the inventory has not been historically high in Denver since 2006.

Of course this is just one survey, but it is encouraging for Denver and its surrounding suburbs. There is no question that if the recovery continues Denver is poised perfectly to appeal to what buyers want and where they want it. 

Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.coloradodreamhouse.com/denverpost

Wall Street has seen 10,000 on the big board a couple of time over the last week which has led many people to believe the economic recovery is here. I am not so sure that it is and here’s why.

By all measuring sticks there is no foundational basis for the stock market to be at 10,000 it’s all based on speculation. Think about it, has the job report boosted investor confidence? I think not. The unemployment rates goes up every month and every quarter. Has consumer spending or retail sales fueled the run up in the market? Again that would be a big “NO”. Has foreclosures been on the decrease? No they are on the increase. The only reason I can see that investors have come back into the market is speculation. They believed that the market was as low as it was going to get and they feared they should buy soon to capitalize on a run up in value. So what’s the problem with that? It’s kind of like a house built on cards, not very stable and could collapse at any time. Don’t get me wrong it’s good that people are no longer losing money, their retirement, their life savings and companies are worth something again. I just think its pre mature to say the stock market is up and the recovery is here.

I think the real recovery rests solely on job, job, and jobs. It’s not going to be enough to slow down unemployment we need to reverse unemployment. People have to stop losing their job and companies need to start hiring again in mass and I am not just talking about the big boys. People need to start small businesses, get loans to start businesses and small business needs to expand and hire people. Consumer spending needs to be on the increase for more than one quarter along with consumer confidence. When these things happen the recovery will be here, it will be stable and it will be sustained.

I am not trying to be the kill joy here, but the real reason companies have showed better than predicted quarterly earnings is because they have laid off a lot of people and drastically cut expenses making the bottom line look better than expected. It’s good that Wall Street is making money again, but the real recovery is when the average American is making money again.

Fuller Sotheby's agent Dan Polimino talks about who is eligible for the new tax credit that congress passed on November 6th. There is a an extension for first time home buyers until April 30th to claim an $8,000 refund check and there is a $6500 dollar tax credit for people who have lived in their home at least five years.

Check out the video at http://www.youtube.com/watch?v=fiJD2Ag8fBM

There is now a tax credit for everyone and an extension for first time home buyers!

Today is GOOD NEWS for those of you thinking about buying a home or a first home.  The House and Senate have finalized a version of the tax credit extension for first time buyers and created a credit for all buyers. The current proposal will extend the current $8000 first time home buyer tax credit that expires on November 30, 2009 to April 30, 2010.   In addition, there will be a clause that allows you to close beyond that point (to June 30, 2010) provided you are under contract by April 30^th.  The House and Senate are also expanding the tax credit not to just first time home buyers. Existing homeowners looking to “move up” from their current property can receive up to a $6500 tax credit incentive.  There are certain guidelines that must be followed.  Feel free to contact us directly for this information.             

So you folks that have procrastinated  about  getting your finances in order, improving your credit scores, getting pre-qualified, saving for a down payment, talking to a lender or real estate agent, or just had a tough time finding a property this is your golden opportunity. For those of you who want to move up and buy a new home this is great news and a great deal. Housing prices are low, interest rates are low and now you get money from the government for buying a home.  Don’t let this one slip away.

Visit http://www.firsttimehomebuyerdenverco.com for more information and your chance to win $250,000 dollars toward your next home. Feel free to contact Dan, Andy or Gary to get started today moving into a new home.

Sincerely,

Dan Polimino, Gary Lohrman and Andy Jorgensen.

Fuller Sothebys Agent Dan Polimino talks about the recent decision in Congress to extend the first time home buyers tax credit. Dan says it's good for everyone, but don't get too excited because it's not a done deal yet.

Check out the video at http://www.youtube.com/watch?v=Tq9UYoQ3NpE

A husband and wife are on vacation, the husband says to the wife, “Hey, what do you think about maybe making an on offer on that home we saw three months ago?” The wife says, “Yeah, I kinda liked it. Let’s call our realtor and take another look when we get back home.”

The nice couple gets back home, takes another look at the home for sale and decides to wait until spring before they make a move and buy a new home.

This scenario is being played out day after day, all over the country, and all over Colorado. I call it “people who decided not to decide.” You see in today’s environment that there are people who want to buy and can buy, but they are paralyzed by indecision and fear. Mostly, fear of the unknown. “Did they buy too soon, did they pay too much, did they get a good deal, was there a better home for less money on the market, and will the value of the home drop after they buy it?” Sometimes, when buyers get out of my car and get into their car, you can almost hear the sigh of relief. It’s as if the husband looks at the wife and she leans over to say, “Thank god we didn’t have to make a decision today.” This begs the question, “Why are they looking in the first place if they don’t want to make a decision?” The answer circles back around to fear. They’re afraid that they’ll miss out, miss the bottom of the market, and miss out on an opportunity.

As a realtor, I understand their strategy of not making a decision. In most cases, their reasoning is sound. Let’s use the luxury market as an example. There is a lot of inventory on the market, they looked at that home three months ago and it’s still on the market. Chances are, next spring that home will continue to be on the market so in their world, there is absolutely no reason to rush, to be in a hurry, and make an offer. In other words, there is no reason for urgency.

NO REASON FOR URGENCY. Those four words sum up the majority of the housing problems. How do you create urgency in a market that has no urgency? My business partners and I are working on a few different business models to solve just this problem, but rest assured that until you solve it, we’ll keep reliving the same story of the nice couple who want to wait for another day to buy a home.

Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.coloradodreamhouse.com/denverpost