Friday, January 30, 2009
Short Sale Pitfalls
In my experience there is no more heart breaking event than having to go through a foreclosure. Yet the hardest part for most folks is getting to that point and once they get there, it doesn't matter any more. Enter the idea of the short sale...
The bank is supposed to take less than owed and help the folks out of their predicament.
The Seller says great and accepts an offer "subject to the bank approval".
The bank thinks a while (2-3 weeks) and says to the Seller "we need more" get us another offer.
That takes a while but sure enough not one but 2 (now a total of 3) offers are in hand.
And the Seller accepts them all "subject to the bank approval".
Who wins? Who Loses?
Read More
Or read the state "REQUIRED" Short Sale Addendum at http://tinyurl.com/dzbvut.
When you get to the end of the 3rd page ask yourself "How many times have they told me I am not going to be able to buy this house?"
Experience since 1985 can go to work for you or your friends. Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
The bank is supposed to take less than owed and help the folks out of their predicament.
The Seller says great and accepts an offer "subject to the bank approval".
The bank thinks a while (2-3 weeks) and says to the Seller "we need more" get us another offer.
That takes a while but sure enough not one but 2 (now a total of 3) offers are in hand.
And the Seller accepts them all "subject to the bank approval".
Who wins? Who Loses?
Read More
Or read the state "REQUIRED" Short Sale Addendum at http://tinyurl.com/dzbvut.
When you get to the end of the 3rd page ask yourself "How many times have they told me I am not going to be able to buy this house?"
Experience since 1985 can go to work for you or your friends. Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
Thursday, January 29, 2009
Thursday, January 15, 2009
Denver a WILD Ride. But watch what happens next!
We have seen this before haven't we? There it is in 2003 the sales had dropped through the floor and suddenly the next year it all got good again.
This time it will take a little longer for the market to shift due mostly to the national scene. However, I have seen it before this too. We had a similar change back in the 1980's and again in the early 1990s. The point is it is time to buy a home in metro Denver. Inventory is at a low and demand is probably as low as it will go; I think it will accelerate very soon! A Seller's market is very close in Denver. You heard it here!
Oh did you notice? The sales are not a proportionally low as the new listings coming on the market? A true indicator of things to come. 
23 years of experience can go to work for you or your friends, learning about your new home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
Wednesday, January 07, 2009
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