Just when you get lulled into the secure feeling of having all the time in the world,something happens to whack you over the head!
Yes, it's still technically winter. Yes, there is snow on the ground. Yes we have about 29,000+ properties for sale in Denver. Yes, the media keeps raggin' on how bad the real estate market is...
Today I had another client LOSE out on a house because somebody else snatched it up before we could write an offer.
This isn't a big pretty property, this home was a nasty, dirty, extremely smelly REO! As far as a deal goes this one had potential, if and only if the buyer was brave enough to accept the property in "as is" condition.
In this case "as is"meant removing all the floor and baseboards to get rid of the cat pee smell. Yuck!
Nasty, smelly properties like this aren't appealing to everyone. The buyer/investors who are willing to take them on are usually rewarded $'s for their efforts.
Are you an investor who is sitting on the fence?
If the answer is yes, and you want to win, you need to show up armed and ready!
- Have a pre-approval letter in hand
- House looks like a good deal? Don't hesitate, write it now.
- Know the market.
- Be familiar with rehab pricing.
- Bring your checkbook.
Colorado contracts have an "inspection" clause written into them. The buyer has enough time to inspect the property; if the property is unsatisfactory in any way the buyer can decline the purchase.
There has never been a better time to be prepared. Denver real estate is Moving!