Real Estate Tips

Jan. 8, 2010

Evaluation of the Short Sale Offer, Do We Accept or Reject?

It is a happy day when you get the telephone call from your broker saying the buyers that have come to visit one or two or more times have finally put an offer on paper.

Before the High Five rejoicing begins you and your broker need to critique the offer ...

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Posted in Real Estate Tips
Jan. 6, 2010

Short Sale ~ How to Get Started

The trauma of facing the loss of one's home is paralyzing.  A homeowner who has a situation where he no longer can make payments on a mortgage due to lost income, job transfer, divorce or any number of reasons needs to face reality.

The change in life's ...

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Posted in Real Estate Tips
Jan. 5, 2010

Homeowner Benefits of Real Estate Short Sales

Short Sales can benefit both the bank and the homeowner when an acceptable agreement can be reached.

For the home owner in distress,  being able to sell the home without coming to the closing table with money  he doesn't have is a huge relief.  Avoiding foreclosure by ...

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Posted in Real Estate Tips
May 30, 2009

There’s no such thing as “as is”

100 Real Estate and Relocation Tips in 100 Days (Day 96)

As is isn'tAs a matter of fact, everything is negotiable.  Contract dates, kitchen appliances, loan type, seller concessions, of course price, and condition.  Just because a seller says “as is” does not mean you have to buy the property ...

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May 26, 2009

How to Avoid the 10 Biggest Mistakes Home Sellers Make

The rules for selling a home are pretty much universal!  In in web-cruising this morning I came across a great video on my friend Ines' blog who writesMiamism.  Ines posted this video which I will share here.For thos who don't have time to watch the ...

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Posted in Real Estate Tips
Feb. 12, 2009

Denver Short Sales

This week I've been immersed in short sale information from classes, consultations to consumer. Short sales get their name from the value of home being "shorter" (think less than) the amount owed on the mortgage.

A short sale comes into play when the homeowner finds it necessary to sell ...

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Posted in Real Estate Tips
Jan. 10, 2009

Fix and Flips Rise Again in Denver

Too Good to be True?

by Larry D. McGee, Denver Broker

No, such returns are happening every day in a narrow segment of the Denver real estate market.  Before you read on, be aware that there is work involved, and cash is mandatory.

Here is what is happening:

There ...

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Posted in Real Estate Tips
Jan. 10, 2009

Denver Real Estate Statistics

In compiling the final real estate sales statistics for the metro Denver area, the numbers tell us what we already knew.  The lower end of the market was the place to be selling. Homes under $200,000 sold the best.  As the price goes up the homeowner has ...

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April 15, 2008

Colorado Foreclosures

Colorado ForeclosuresTwo lawmakers in Colorado are introducing a bill to enable judges to extend a foreclosure for up to 90 days.  The extra time could be used to work out a settlement as opposed to the homeowner losing their home to foreclosure.

The problem with mortgage workouts is time.  ...

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Posted in Real Estate Tips
April 13, 2008

Denver real estate ~ Home Improvements and ROI

Home improvements are often very costly, both in money and the time it takes to undergo a renovation.  I've hadHome Improvements clients who actually moved out of their homes while the home was being redone, thus absorbing a double cost of living, in addition to the cost of renovation ...

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Posted in Real Estate Tips