Just heads up, if you are a first time home buyer, and in the price range under $200,000, you will need to be patient when looking for your home! MANY buyers are entering the market, snagging these homes quickly!
In this price range, you will find many bank owned, and many short sales available, both needing patience. HUD properties are typically selling for $20-30,000 more than list price. If you are an FHA buyer, you cannot offer more than list price - there is an FHA appraisal on the property. If you have a lease that will expire, you may need to check on the availability of month to month. Short sales can take from 2-12 months to close, depending on what bank you are dealing with.
REMINDER: The $8000 stimulus check is awaiting YOU, but you HAVE to close by 11/30/09! As we close in on this date, the inventory will get slimmer and slimmer!
ARE YOU STILL WAITING FOR THE MARKET TO DROP?
Joan Cox, GRI,ABR,CRS,e-Pro
Metro Brokers - Turning Point Real Estate, Inc.
720-231-6373
www.JoanCox.com
About Me
- Joan Cox
- Denver, Colorado, United States
- With 13 years in real estate, I specialize in relocation, new construction, investor purchases, first time homebuyers and sellers. Ask me about my web site! Call today - 720-231-6373 In August 2009 I opened MY OWN Metro Brokers office in the Tech Center.
