How many sellers are there out there that have their home listed for sale but their home has an asking price that is way to high. In my market probably 70% of homes listed for sale have an asking price that is to high.
Why are these homes listed to high? For many reasons, 1. the sellers don't have to sell because they are not in a hurry to move. 2. They owe to much on their mortgage and thus have to get more than the house is worth but do not want to do a short sale. 3. They think there house is special so is worth more than the house that sold down the street.
4. The owners put a new roof on it or just painted it or some other upgrade that does not add any value to the home, a home has to have a roof, the fact that you just put a new one on that cost you $10,000 doesn't mean that you get to add that to the price of the house. 
There is a great 20 minute DVD that should be mandatory viewing for all sellers and their agents before the price of the home is set. If you would like a copy of this DVD go to Pricing Your Home to Sell and order a copy. If you are an agent order a couple of copies and lend it to the owners of any home you are getting ready to list. After the owners watch this video they should be ready to price their home to sell.
If you are looking to buy a home you can run a search of the entire Montrose Realtors MLS by clicking on this link http://idx.diversesolutions.com/search/3458/18 or contact me Alan Brown 970-209-8436
You may also contact me if you are looking to sell your property. you can e-mail me at alanbrownrealtor@gmail.com 
Montrose Foreclosed Homes For Sale.
If you you would like to receive an e-mail every time a Foreclosed Home is listed for sale let me know and I will add you to my e-mail list of Foreclosed Homes. Remember this list is for ever changing, homes go under contract new properties come up for sale.
If you would like to buy a foreclosed home please contact me, I can show you what is available, there are some great deals to be had some times.
Click on this Link to view the Current List of Foreclosed Homes as of early November 2009.
Want to find any home or property For Sale in the Montrose, Delta area? Click on the following link to search the entire Realtor MLS System http://idx.diversesolutions.com/search/3458/18
Alan Brown 970-209-8436
Here are the Homes Sales for Montrose Colorado for October 2009.
Units Sold Days On Mkt Avg Sales Pr Av Pr/sq ft
2009 31 191 $203,411 $113
2008 37 212 $214,322 $128
2007 59 137 $216,684 $131
There are currently 570 homes listed for sale in the Montrose area, out of those 570 there are 48 that are under contract. If you are looking to Buy a home in the area you can search the entire MLS by clicking on this link http://idx.diversesolutions.com/search/3458/18
Since it now looks like the $8,000 tax credit is going to be extended and also changed to include all homebuyers through April 2010 this should keep the market moving a long through the winter.
If you have any questions or would like help finding a home contact me any time 970-209-8436 Check out Coldwell Banker Bailey & Co on Facebook and become a fan.
Home Sales are Up ?
Something happened last month September 2009 that hasn't happened in the last 20 months, since January 2008 anyway. More homes sold last month than sold in September 2008. It may have been only one more home but it is a step in the right direction.
Units Sold Days on Mkt Avg Sales Pr Price/sq ft
Sep 2009 44 168 $193,281 $118
Sep 2008 43 174 $225,470 $121
Sep 2007 53 137 $200,298 $129
If you are searching for a home to buy click on the link.
If you would like a more specific list of sold properties whether it is residential or building lots I will be more than happy to provide them to you. I have all the information on the Montrose Real Estate market you will need. I have 20 years experience in this area selling real estate put 20 years of experience to work for you.
www.Coldwellbankermontrose.com Become a fan of our Facebook Page
Contact me 970-209-8436 
Foreclosed Homes Montrose Colorado Contact Alan Brown 970-209-8436
Here is a list a list of Foreclosed Homes in the Montrose area that are currently listed for sale. This list is constantly changing if you would like to receive an e-mail everytime Foreclosed Homes in Montrose come up for sale contact me to be added to the list.
If you would like to see a list of all homes currently in various stages of foreclosure go to the Montrose County web site Public Trustee it requires that you have excel spreadsheet capibilities in order to view the list. The homes you see on this list are all in the process of being foreclosure. The sale date you see is the date that the lender usually gets the home legally back in their name. However on the sale date you can go to the courthouse and bid on the homes up for sale.
Usually on the day of the sale the lender gets the home back for what they are owed because the home is usually not worth more than the mortgage owed plus all the interest, penalties and attorney fees. After the lender receives the home back it can then take another 60 to 90 days before the Foreclosed Homes are listed for sale with a real estate company. The only opportunity the public has to buy a foreclosed home is either on the sale date at the courthouse or when it is listed for sale.
Here is the current list
726 S 7th $98,000
12253 64.50 Rd $119,900
220 N Stough $124,900
69495 Hwy 50 E $162,900
611 Silver Dr $174,000
877 64.18 Rd $224,900
16146 67.40 Rd $259,900
20866 Trophy Rd $280,000
3177 Silver Fox $284,900
1553 Windsor Way $425,000
Will the mortgage company/bank take less for Foreclosed Homes ? Usually they will negotiate some on the price, however every 30 days they have their Real Estate agent do a new evaluation based on the homes that have sold and the ones that have come up for sale in the last 30 days, so the price that the home is listed at is fairly close to the market value. Here is a great article from the Wall Street Journal on Foreclosures and short sales. Are distressed homes worth it?
Search For Other Homes For Sale
Contact me 970-209-8436
I have been a realtor in Montrose Colorado since 1990. I am consistently in the top 10 agents annually. I moved here from England in 1989. I have closed over 500 transactions in the last 19 years.
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