As a Denver homeowner, you may have seen The Denver Post article which reported that foreclosures in Colorado recently hit their lowest level in more than two years. New foreclosure filings fell to just over 8000 in the first quarter of 2011, which is 27% lower than they were last year at this time. This follows national trends which show that the number of homes repossessed by banks in the first quarter of this year was down six percent from the last quarter of 2010. Either way it's good news and we'll take it.
Marianne Bandy, CDPE
The Bandy Team - RE/MAX Professionals
Denver, Colorado
303-746-7799
www.DenverAvoidForeclosure.com
If you're experiencing financial difficulty and have been thinking about selling your Denver home, this may be the time to do it. Because there are fewer foreclosed homes coming on the market, you could have a better chance of attracting buyers who are interested in your home. You might also find that the recent economic upswing could mean that you now have a small amount of equity in your home once again. This might make it possible for you to sell your home and avoid going through either a short sale or a foreclosure. Request our Free Market Report to obtain information on homes sold in your area so you can get an idea of what the value of your home might be. Avoiding foreclosure could mean saving your credit, reducing financial burdens, and decreasing stress on you and your family.
If you're one of the lucky people who have already benefitted from the financial recovery, this could be a great time to buy a Denver home. There are still many quality homes available for reduced rates, or short sale or foreclosure pricing. With a little patience, you could find a home that's just right for you (at a great price), settle in, and then watch it increase in value once the economy starts improving more consistently.
As a Certified Distressed Property Expert (CDPE), I have specialized training and resources to help buyers and sellers work through their options when it comes to distressed properties. Sellers can contact me for a free consultation to see what makes the most sense for an individual situation. Buyers can rely on me to help find a quality home at a reasonable price.
If you're thinking about buying or selling a distressed property, the real estate experts at Bandy Homes are here to help. We are your Denver area real estate experts, and we're here to help you learn more about your options. We can answer your questions and show you some beautiful homes in Denver; some great houses in Parker including the Canterberry Crossing Golf Community; or some fabulous homes in Castle Rock including The Meadows.
Marianne Bandy
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