SHORT SALE
- Homeowner owns the property
- Buyer enters into the executed contract with the homeowner, subject to lender approval
- Property is generally occupied by the owner or tenants
- Sold As Is
- Timeframe from execution of contract: Can be anywhere from 2 to 6 month or more depending on the lender.
REO/FORECLOSURE
- Lender owns the property
- Lender enters into the executed contract
- Utilities are often disconnected and the property maybe winterized
- Property is vacant
- Sold As Is
- Timeframe from execution of contract 2 weeks (cash deal) to 30 days depending on the lender.
Are you thinking of writing a low offer on a Foreclosure? You may want to think about it before you do.
There are many Foreclosures on the market right now. Banks are competing against each other! This means that the list price may be low already. The banks don't want their inventory just sitting on the market; they want it to sell FAST! Banks are less likely going to over price a Property. They take a lot of time and review many professional opinions before they come up with a list price.
You as a buyer should keep this in mind when writing an offer. This may mean that when you are going to write an offer and the house is priced low or below market you as a buyer may be competing with other buyers. There are many buyers out there right now hunting for deals. This is the market everyone was waiting for! If a Foreclosure is in good condition and priced low, a investor or buyer may put a higher offer than the list price to win the bidding process.
Do your research before you decide to write a low offer because it may end up making you lose a good deal to start with. Your Real Estate Professional can help you with the most recent neighborhood Sold and List Comps. This way when you finally find the deal of a life time you can make a great offer on the property
Contact us to be on our FREE VIP List of Foreclosed Homes!
What that means is you would be on our VIP List of Investor's that want to buy a foreclosed home. We would notify you of deals that are on the market. That way you stay on top of the deals and won't miss out on good deals! Call Barbara our Director of Sales at (970) 987-4111 or e-mail her barbarak@coloradocountryrealty.net
The Good Real Estate deals are coming!! Real Estate prices in the Roaring Fork are falling, are you ready to get some deals?
It is possible to find awesome deals with low real estate prices in the future but you must be prepared. The Real Estate properties that are priced low do not last long on the market; and sometimes are on the market only 1 day! If you are serious in acquiring some good deals to your Portfolio you must find an Expert in the field. An Expert is dedicated to their job and is knowledgeable in what is out there and knows which properties are about to come up on the market. They are knowledgeable in REO Foreclosures, and Short sales. (For an explanation on the terms go to www.coloradocountryrealty.net and click on Foreclosure Buying Tips.) An Expert is an excellent Negotiation Specialist which helps ensure you get the best possible price for your money.
You yourself must also do some homework in advance. Many times when you write an offer on a Foreclosure or Short sale along with the offer you must submit a Pre-Approval Letter from the Bank or a Verification of Funds. Make sure that when you are ready to work with a Broker Specialist you have the letter already ready because when you find the deal you might not have time to get the Verification of funds or Pre-Approval ready in time to submit the offer, and by the time you get it the property might be under contract.
So you might be asking yourself "Where do I find an Expert?" Colorado Country Realty Inc. located in Glenwood Springs Colorado has a trained and Certified Negotiation Specialist which focus's primarily on Foreclosures and Short sales. Call Barbara (970) 987-4111 or go to Colorado County's Website and fill out a contact form and GET READY TO INVEST!!
• lot / land
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$435,000
- BEST PRICE!
Carbondale, Garfield County
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3.50 FLAT acres building site which borders a 4 acre private lake. Enjoy fishing, canoeing, geese feeding & the beautiful sunsets. Cerise Ranch amenities include a Gazebo w grills to enjoy outdoor parties, swimming pool w club house that has ample room to entertain guests. Just 23 miles away from Aspen and close to downtown. All utilities on lot line ready to build your dream home! Building plans included or bring your own! All soil tests have been done!
Property information