12-Color
12 Englewood Herald
May 3, 2013
ourcolorado
.com
TO ADVERTISE CALL 303-566-4100
RENTAL VACANCIES Randy Spierings, CPA, MBA Branch Manager
NMLS #217152 MLO #100022405 Primary Residential Mortgage, Inc. Office: 303-256-5748 www.BestColoradoMortgages.com rspierings@primeres.com Regulated by Division of Real Estate Has been a CPA for over 30 years
Q
: My understanding is that rental vacancies are decreasing and rental rates are increasing. I also have heard that housing prices are increasing and that interest rates are still near 60 year lows. In this scenario is it better to rent or own. : You are correct that vacancies are very low and are continuing to impact rental rates. This trend is being driven by the number of people that have lost homes through short sales and foreclosures and the tighter lending environment of the last several years. You are also correct that housing prices in many areas in Colorado are showing month to month and year over year increases as inventory of homes available for sale have dropped
A
from about 25,000 to around 6,000. And interest rates, driven by Federal Reserve efforts, a sluggish job environment and economy, and a flight to safety caused by uncertainty in Europe, are near 60 year lows. As a result home affordability is at near record levels and about twice as high as 6 years ago. Given this environment the mathematics are definitely waited in favor of purchasing. From a mathematical standpoint if someone rented a home today at $1200 per month and if rent increases by 3% per year, over the next 30 years a person would have spent over $680,000 for housing and would own nothing. A person that purchases a home for $200,000 today with a 30 year fixed mortgage would have a payment of about $1200 per month, which may be tax deductible, and except for increases in taxes and insurance, would remain constant for 30 years. Thus payments over the 30 years would probably be less than $500,000, resulting in savings versus renting of over
ourcolorado
$180,000. And that house, if it appreciated at 3% per year, would be worth $485,000. Total difference – over $665,000 in favor of owning. If you’re looking to purchase or refinance, seek out an experienced, trustworthy, financially savvy lender, that you can meet face to face, who has access to the full spectrum of loan and grant programs. Then work with them to select the proper loan and grant programs and have them customize them to best suit your needs. For more information on how you can purchase or refinance a home, please contact our lending expert, Randy Spierings, CPA (over 30 years), NMLS #217152, branch manager for Primary Residential Mortgage, Inc., a local lender you can trust, at 303-256-5748 or rspierings@primeres.com. www. BestColoradoMortgages. com Regulated by the Division of Real Estate – MLO #100022405. PRMI is an equal housing lender. They are A plus rated by the Better Business Bureau
and winner of multiple Gold Star awards. They are located at 9800 Mt. Pyramid Court #400, Englewood, CO. They offer a 100% satisfaction
guarantee and will give you $500 at closing if they don’t meet or exceed your expectations. They offer a full loan spectrum, including VA,
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TO SELL YOUR GENTLY USED ITEMS, CALL 303-566-4100 Farm Products & Produce
Garage Sales
Estate Sales
Beef Grass Finished
Neighborhood Garage Sale
Saturday May 4th, 9am-5pm
No hormones/ No anitbiotics. Halves, Whole. On the hoof. $1.90 per lb. Call 719-541-2441. www.highplainsnaturalbeef.com
Grain Finished Buffalo
quartered, halves and whole
719-775-8742
Locally raised, grass fed and grain finished Beef & Pork. Quarters, halves, wholes available. Can deliver 720-434-1322 schmidtfamilyfarms.com
Feed, Seed, Grain, Hay Horse hay for sale
$14.50 65 lb bales Brome Orchard 303-618-9744
Garage Sales Community Garage Sale Brownstones at Town Center Lucent & Burgundy Street Highlands Ranch Saturday May 4th, 8am-2pm
Garage Sale
May 3rd and 4th starting 8 AM 9241 W 100th Way Westminster- Crown Pointe Coca-Cola collectables, furniture, anitques, file cabinets, xmas decorations, craft supplies MUCH, MUCH MORE
Garage/ Moving Sale
3 Family sale Fri May 3rd 7-4 Sat May 4th 7-2 Household items, furniture, clothing, knick knacks, tools, much more! 12665 W. 83rd Way Arvada 80005 Moving Sale Friday & Saturday 26th and 27th 9-3 19758 Centerville Court Parker- Country Meadows Furniture, tables, bench, office furniture, bar & stools, lawn furniture, baking and kitchen supplies
Genesee Crossing Multi-Family Wide variety of great stuff! This Saturday, 5/4, 9-3. I-70 west to exit 254, turn right then the 2nd right into our neighborhood NEIGHBORHOOD GARAGE SALE THIS WEEKEND! Cherry Knolls Neighborhood Southglenn/Centennial Arapahoe Rd & E. Nobles Rd 80+ Homes! Maps Available Fri & Sat, May 3 & 4 NORTHGLENN UNITED CHURCH Annual Church, Garage & Bake Sale. Friday May 3rd 8am-4pm and Saturday May 4th 8am-3pm 10500 Grant Dr. Northglenn 80233
Big Sale American Legion Post 178 1655 Simms St, Lakewood Sale dates will be Friday and Saturday May 3 & 4 from 9-5. Space rental is 10.00 additional $5.00 for table rental. Please contact Sheri Tucker 303.585.1841 for information. Saturday we will have Rocky Mountain Oysters plates and/or Catfish plates for sale for $6.00.
HUGE moving & garage sale! Furniture, art, housewares, and more! Sat. May 4th 9am-4pm Sunday, May 5th 10am-3pm 23112 Bay Oaks Ave. Parker
Estate Sales Huge Estate Sale
Tools, Furniture, Art, Kitchen items Downsizing- everything must go! Friday, Saturday, Sunday May 3-5 12200 W. 35th Ave.Wheatridge, CO
7731 York Street, Denver Modern retro antique furniture, glassware, household items, clothing & more!
Appliances Appliance Trio for sale
Lawn and Garden 4' round Meadowcraft glasstop patio table, 5 chairs,cushions, Umbrella Great condition! ($500)
Household Goods 38x12x75" china cabinets, 23 Stag Horn frosted glasses, 15 brandy snifters, cranberry & gold different glasses $600 Marty (303)995-2995
$600.00 OBO Almond side-by-side fridge w/ice maker Dishwasher and oven/stove combo All in excellent working order We remodeled and they need a good home. Lone Tree/ Highlands Ranch Area d.witanski@msn.com 720-560-0273
Fine China 22k gold leaf pattern. Serves 12, extra pieces (75 total) $150 Gold flatware service for 8 including beautiful gold storage case. $75. Light wood rocking chair w/pad $25
Building Materials
Medical
Assorted Steel Bldgs
Ebice Cold Therapy system
$3.00 to $10.00 sq ft Closeout while they last Erection Information Available Source# 18X 800-964-8335
Flowers/Plants/Trees HAPPY TRANSPLANT GARDEN CLUB PLANTS SALE 2013 SATURDAY MAY 11TH 9:00 AM – 3:00 PM or until sold out Perennials*Annuals*Vegetables Parking Lot of Vectra Bank 3300 W. 72nd Avenue Westminster For additional info 303-423-2923
Furniture Quality used furniture, fair prices Entertainment Ctr solid oak 3pcs.$700 orig.$5,000 Sofa,teal plaid, 92"x39" $150; 2 Thomasville lite wood end tables with matching glass top coffee table $50 ea. Oak computer desk 60"x20" $60; pool table w/accessories, new,$900; queen mattress/box spgs. $50; 2 oak bar stools $25ea. All items in excellent condition. Castle Rock 303-973-2199.
FHA, USDA, Jumbo, and conventional, among others, and are among the top 10 retail FHA lenders in the U. S. today. n
comes with a right arm padded sling $500 or offer. 303-228-1986 evening
Tickets/Travel All Tickets Buy/Sell
NFL-NBA-NHL-NCAA-MLB WWW.DENVERTICKET.COM (303)-420-5000
PETS
Cats Needing loving home 2 spayed female short haired adult cats. Beautiful green eyes. Indoor/ Outdoor Call Sandy 303-989-8438 leave msg Would like to tray and keep them together
Dogs Dachshund Mini puppy
Girl, Chocolate/Tan, $400 Ready now (720)218-1676
RV’s and Campers
MOVING MUST SELL!! '07 KEYSTONE HORNET
sleeps 9! One Owner. Bunkhouse floor plan with master queen private bedroom, 3 bunks in the rear. Storage under bed, couch and dinette convert to beds. Kitchen dinette, storage and oven, refrigerator, sink, microwave, full tub/shower, foot flush toilet. Options include a/c, awning, jacks, TV antenna and cable hook up , gas/electric water heater and fridge, tub surround, outside shower. 720-425-5888 or s.coposky@gmail.com
Wanted Olde English Bulldogge puppies IOEBA Registered $800.00 (620)664-4616
Autos for Sale 2000 A6 Audi Avant
Runs/Looks great 190,000 miles. Reduced $2000 for quick sale Marty (303)995-2995
96 Olds Regency Elite
Loaded, 72K actual miles, like new. $3500 (303)781-4054 Majestic Towing & Recovery, LLC 999 Vallejo Street, Denver, CO 80204 720-775-2702 Please be advised the following vehicle is for sale: 01. 2008 Red Yamaha v star 1300 #006038 02. 1998 Silver Honda Civic #000729 03. 2000 Black Intrigue Oldsmobile #348685
Cash for all Cars and Trucks Under $1000 Running or not. Any condition
(303)741-0762 bestcashforcars.com
Wanted DONATE YOUR CAR, TRUCK, BOAT, RV; Running or not, to www.developmentaldisabled.org Tax deductible! 303-659-8086. 14 years of service Top Cash Paid for Junk Cars Up to $500 720-333-6832
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