The foreclosure process is slow in a normal business climate. Foreclosures all over the nation are inundating the banking system and bogging down the process. Banks are under staffed. Personnel have more files than they have time. Loss mitigation departments can't respond to the home owner in trouble. It takes persistence, to speak with someone who can help.
Each state has a different set of procedures for the home owner to wade through. The procedures are usually written by attorneys and are in legalese. Stressed out, broke and frustrated home owners are helpless as how to proceed through the system. It is a morass of red tape.
The Government will help you say.....good luck to us all.
I attended yet another foreclosure class ...this one was given by First American Heritage Title Company and was the best yet for explaining the Colorado Foreclosure Process. They have generously allowed me to post this time line to foreclosure.
If you are about to go into foreclosure in the Grand Junction Co Area give me a call and I can help you sell your house before all is lost. If you are interested in buying a foreclosure call me @ 970 464 1000
To find out about the process click on this link ForeclosureTimetable FAH 06-07.pdf
Please visit my blog at www.RealtyinGrandJunction.com
Historic homes are the most rewarding property you could possibly renovate. Have you ever watched This Old House, and drooled at the final result when the house was finished? Did you fantasize over finding hidden gold in a 1800's oldie goldie? I did! I bought our first renovation without my husband seeing it. He thought I was crazy and I was throwing away our money! Our first home was a Cracker Cabin in the pan handle of Florida. It was on 40 acres. We put lots of sweat equity in that place. We pushed down an old out building and paneled the kitchen with the barn wood. We fixed and painted and we learned everything the hard way. It was a very difficult for two inexperienced city slickers to figure things out but we did. It was hard work but we doubled our money!
After the cabin our second renovation was a snap. We bought a rundown condo with a gorgeous lake and mountain views. We did the simple things, clean, paint, re-tile and bought new appliances. Our work started a slew of other renovations in the building and since we started first we had a quick, easy and profitable sale. Six(total renovations) later and very good profit, we swore,no more renovations. We had a Historic House relapse and bought another 1905 Victorian but someone else did most of the hard work. I promised my husband no more fixers. To those buyers who want a fixer.....let me find you one and then YOU buy it. My husband will love that! Historic homes are still my passion but a promise is a promise and I keep my Promises.
The most important thing to do is de-clutter. Paint should be very neutral. As a real estate agent it is a very hard, to tell a client, to get their Teddy Bear collection off the bed and take the moose heads down. Everyone has a different idea, about what is good decoration. No clutter, no knick-knacks, no eye catching anything, would be a good rule for a seller to follow. A buyer wants to move mentally in the house. The buyer cannot move in if there are many visual distractions. As a Realtor of 25 years I myself, catch myself looking at the stuff, not the house. If I am distracted, after seeing 1000's of homes, think about the First Time Home Buyer! Clean and clutter free is the key. Think House Beautiful! Less is better!
Elizabeth Birmingham
EB Realty
www.AskforElizabeth.com
www.RealtyinGrandJunction.com
The second home market in Key West is showing signs of activity. Condo's have in some instances dropped 400k. Buyers are excited to find a property in a reasonable price range. Homes that were in the 800k range (in "New Town") are now in the high 500 to 700k range.
Homes in "Old Town" that have not been renovated or partially renovated are also showing signs of recovery. The customer seems to prefer doing their own renovations, rather than buying someone else's style and taste. In Key West a reasonable price for a large Conch Temple "fixer " in the heart of "Old Town", within walking distance of the water, would command a million or more. 1.3 to 1.5 would be a bargain. Fully renovated homes (after the price adjustment of late) would run from 2 to 3 million. Large homes Key West style would be 2000 sq feet or more on a small lot of 4000 sq ft or less. In this price range the buyer usually pays cash and sinks another 200k to 500k into renovations. Key West is only 3 miles x 5 miles, most homes are Historic and are restricted to stringent building standards. The value of the "Old Town Properties have held their own, due to the scarcity of this style property.
To receive property updates on the Key West Market contact Elizabeth Birmingham At EB@EB-Realty.com
Independent Brokerage both Buyer and Seller Agency. Member of Grand Junction and Glenwood/Aspen Board of Realtors,Planning Commission Palisade Colorado, ABR,E-PRO,RLI
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