About Aurora's Tallyn's Reach

Daily Real Estate News | Wednesday, February 15, 2012

Tax time is nearing and once more rumors are circulating on the Internet and by e-mail that the health care reform law enacted two years ago includes a 3.8 percent transfer tax on real estate starting in 2013. That rumor is not true; NAR has material available to you to explain how that 3.8 percent tax works. It’s a tax on a very narrow band of investment income for high-wealth households (those who earn $250,000 in a joint return or $200,000 as an individual) that could come into play on the sale of a house if the sales gain is more than $500,000 for a married couple or $250,000 for an individual.

Even in the unlikely event the sales gain is more than that amount, the tax would only apply based on other considerations having to do with the household’s income and tax situation. The bottom line is that the tax, which was imposed to help shore up Medicare, will hit only some portion of investment income. Download a free brochure on how the tax works. Video and explanatory article.

Source: National Association of REALTORS®

Copyright National Association of REALTORS®. Reprinted with permission.

Located at 24517 E. Easter Place, Aurora, CO 80016

Great two story home in Tallyn's Reach has just been reduced to $580,000

This home has five bedrooms, four bathrooms with over 3,600 square feet plus an additional 1,708 square feet in the walk out basement.

Mountain views are to die for in this home from the private deck off the master bedroom and the deck that runs the length of the back of the home.

The master suite has a cozy fireplace and a large oval soaking tub.

Extensive hardwood and tile floors make this home easy to maintain.

Featured Neighborhood: Tallyn's Reach Home & Real Estate For Sale

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When you are ready to look at homes (or have one to sell) in Tallyn's Reach of Aurora CO give me a call. I would love the opportunity to earn your business! Mark at 702.733.1548.

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Copyright 2011 by Mark Richards, All Rights Reserved, "Aurora CO Home Update - Featured Neighborhood: Tallyn's Reach Home & Real Estate For Sale"
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Tallyn's Reach Cherry Creek Schools.

The newest, most modern High School in the Cherry Creek District was completed next to Tallyn's Reach. Newsweek Magazine identified Tallyn"s Reach, Cherokee Trail High School as "one of the Best High schools in the Nation for 2010". It ranked 258th in the nation! Even higher than the other Cherry Creek High schools, all of which were in Newsweek's Best High Schools.

Cherokee Trail High School, serving Tallyn's Reach, is among the few public high schools in Colorado to receive a distinguised GreatSchools.com rating of 8 out of 10. In addition, this school has an average Parent Rating of 4 out of 5 stars. It boasts cultural diversity, a high number of AP classes available and a low teacher/student ratio.

It is also an International Baccalaureate Diploma School.

It serves grades 9-12 offering not only a fabulous education but also many extra curricular opportunities for your students. Available are soccer, cross country, football, lacrosse, basketball, cheerleading, golf, softball, track, wrestling, baseball, gymnastics, swimming, tennis, volleyball, band, dance, chorus, theater and much more.

You will find that a majority of Tallyn's Ranch parents are extremely pleased with the education received by their students. Click here for more information on Tally's Reach area schools.

Check out this other Tallyn's Reach Blog or visit our Tallyn's Reach webpage.

Should I Buy A Home Now in Aurora Colorado

Lately I've been asked a lot "should I buy now"? I've heard a lot of rumors that there aren't loans available even if you want to take advantage of the best buying opportunity in 60 years! Let's separate some truth from fiction. Here's some answers to some of the "should I buy now" questions:

Question #1 - Should I buy now when I have to have 20% down to buy a house. Truth: About 90% of loans now are FHA which require 3.5% of the purchase price for a down payment. There's even a loan I've recently heard of called a "Community Loan" that only requires $500 down! There's also VA loans which can require ZERO down.

Question #2 - Should I buy now when I have to have a bunch of money for closing costs? Truth: In today's market many Sellers are willing to pay all or part of the Buyer's closing costs.

Question #3 - Should I buy now when I don't have incredible, impecable credit? Truth: Credit requirements have tightened up significantly...which is actually a very good thing AND you can still qualify for some loans with a fico score of just 640. If you don't know your score, call or email me.

Question #4 - Should I buy now or wait for prices to come down even further? Truth: You will be gambling that interest rates will stay at historic lows. Is it really worth it to wait until your dream home comes down another $5000 but see your interest rate go up. You could be paying additional interest that will be WAY above the additonal $5000 reduction in purchase price...assuming that the price on your dream home actually does continue to drop in price.

Don't be fooled. Now might be the perfect time for you to buy. If you are asking "should I buy now?", the answer may quite possibly be YES!!

We've been selling real estate in the Denver Metro area for a combine 45 years. Our Team would be happy to answer any questions you might have regarding buying or selling a home. Please feel free to poke around on our website or give me a call direct and I can tell you more about why so many trust us with what will probably be the largest purchase of their lives. In addition, we have a book full of glowing testimonials that we would be more than happy to share with you.

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Click here to read my blog on Tallyn's Reach Subdivision in Aurora CO