Considering trying to buy a short sale? You will need to ask yourself a few questions first.
1) Am I willing and can I to wait 3-4 months to get an answer from the sellers lender?
2) Do I fully understand that the seller lender may come back after I wait 3-4 months and say NO?!
3) Do I fully understand that the sellers lender will probably want more money for the property than I have offered and am I will to pay more?
4) Do I fully understand that the seller's lender may never give the seller or myself and answer and just foreclose?
5) Do I fully understand that in most cases these homes are sold as-is where is and the seller or the sellers lender will NOT DO ANY REPAIRS?
6) Do I fully understand that if I need or want my closing costs paid from the seller side of the transaction the seller lender might say no and I will have to pay an additional 3%+ in closing costs to acquire the home?
7) Do I fully understand that a lot of brokers that are trying to sell short sales have never done one before and have no idea of what they are doing even thought they have taken a class on it and are certified.
I can go on and on with the pitfalls of these transactions but the fact of the matter is if you answered no to any of these questions and still proceed to look at short sales for your future home you are just SETTING YOURSELF UP FOR THE BIGGEST DIAPPOITMENT OF YOUR LIFE!
To look at home that are really for sale no games no gimmicks and a smooth transaction click http://www.theedgegroup.net/content/contact.html
Paul Gruber CRS, e-Pro, REALTOR
Broker
The Edge Group, Inc.
7138 W Roxbury Ave
Littleton, CO 80128
303-886-5991
The Columbine West subdivision is located in Unincorporated Jefferson County Colorado. Many people think it is in Littleton but it just has a Littleton post office so the address reads Littleton.
Columbine West is a well-kept subdivision comprised of about 1700 home most of which were built in the early 1970's. Home range in value from condos ranging from around $125,000 to $200,000, Town Homes ranging from around $150,000 to $280,000 but mostly single family homes ranging from around $200,000 to $350,000.
The neighborhood elementary school is Dutch Creek, middle school is KenCaryl and high school is Columbine High school. For school rating in this and other communities click http://www.theedgegroup.net/schoolSearch.page the zip code is 80128.
Values in the Columbine West are have remained stable even in the foreclosure crisis. The crisis did not impact this area as much as other areas located in Colorado. The foreclosure rate has been minimal and mot many short sales have taken place.
I have lived in the Columbine West subdivision for 13 years and have seen the area only improve over this time. As a Realtor I have sold many home in Columbine West and found them very easy to market due to the high demand for the area.
If you are interested in selling your home in Columbine West please click http://www.theedgegroup.net/content/articles/freecma.html for a free home evaluation.
If interested in buying a home in Columbine West click http://www.theedgegroup.net/content/contact.html
Paul Gruber CRS, e-Pro, REALTOR
Broker
The Edge Group, Inc.
7138 W Roxbury Ave
Littleton, CO 80128
303-886-5991
Most people think that buying a foreclosed home is a good deal. But what is a good deal? If looking at many foreclosures, putting in many offers which many are rejected, no FHA available financing, many repairs required and the lender selling the home as is looks like a good deal then foreclosures are for you.
A lot of my buyers over the last several years start out wanting to look at foreclosures and distressed properties but end up buying a home from a regular seller or a fix and flip investor. I was at a seminar yesterday and was told that in today's market 80% of buyers start out looking at foreclosures but only 8% end up buying a foreclosure. In my option I think that is ultimately due to the fact people are not looking for a lot of headaches they are looking for a HOME.
To find you home in the Denver market area click http://www.theedgegroup.net/content/homefinder.html
Paul Gruber CRS, e-Pro, REALTOR
Broker
The Edge Group, Inc.
7138 W Roxbury Ave
Littleton, CO 80128
303-886-5991
Some might think that the market is bad but I have been selling Real Estate in the Highlands Ranch market for years and prices are stable. Sure we have all seen that foreclosure in our neighborhood go for what seems to be next to nothing but the truth is, a home in good condition still is going for top dollar and selling within a reasonable amount of time.
If your thinking of waiting to move into a bigger home and are thinking it is better to wait just remember the real estate market usually goes up in percentages so if you have a $200,000 home and your looking at a $350,000 home and real estate goes up 5% in the next two years your $200,000 home will be $210,000 but you $350,000 home will be $385,000.
So as the saying goes " you snooze you loose"
To find out what your home is worth click http://www.theedgegroup.net/content/articles/freecma.html
Paul Gruber CRS, e-Pro, REALTOR
Broker
The Edge Group, Inc.
7138 W Roxbury Ave
Littleton, CO 80128
303-886-5991
Some might think that the market is bad but I have been selling Real Estate in the Littleton market for years and prices are stable. Sure we have all seen that foreclosure in our neighborhood go for what seems to be next to nothing but the truth is, a home in good condition still is going for top dollar and selling within a reasonable amount of time.
If your thinking of waiting to move into a bigger home and are thinking it is better to wait just remember the real estate market usually goes up in percentages so if you have a $200,000 home and your looking at a $350,000 home and real estate goes up 5% in the next two years your $200,000 home will be $210,000 but you $350,000 home will be $385,000.
So as the saying goes " you snooze you loose"
To find out what your home is worth click http://www.theedgegroup.net/content/articles/freecma.html
Paul Gruber CRS, e-Pro, REALTOR
Broker
The Edge Group, Inc.
7138 W Roxbury Ave
Littleton, CO 80128
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