Denver realtor giving short sale home buying tricks

Denver realtor and foreclosed home buying tips: Know how much you can spend. Know the neighborhood where you want to buy. Know the process. Securing early financing is important because it will ensure you’re qualified to purchase the property. Being pre-approved will give you greater bargaining power when the time comes to make an offer. Target a specific neighborhood or two to avoid becoming overwhelmed by listings. Ask your agent to notify you of listings within these neighborhoods that meet your other criteria, such as size and cost. Check comparable recent sales to get a good feel for the market.

Finding the right price to offer is as much an art as it is a science. Your agent can run a comparative market analysis (CMA), which helps you understand recent sale prices of comparable properties, or “comps.” Soffee says he runs a CMA from the last 180 days and evaluates several factors, including the pace of home sales, tax assessment history and a deeper analysis of similar properties nearby that have recently sold.

Keep in mind that short sales are “as is” purchases. Unlike regular home sales, you should not expect the seller to lower the asking price if any problems are uncovered. It rarely happens. But an inspection can still uncover deal-breaker issues that might make it “not worth it” to buy the home. If you’re a smart and determined buyer, it’s possible to find short sale bargains. Once you find one, a successful outcome can definitely be worth the effort. How long does a short sale take? One California-based agent recently estimated that it takes on average about 60 to 90 days for a lender to approve a short sale deal – and that’s after receiving the full offer. See more information at https://www.jennifer8z.com/post/buying-a-foreclosed-home-in-colorado.

My marketing background has proven to be a valuable strength in selling listings. As a seller, you’ll get a comprehensive detailed strategy in pricing, staging and selling your home. As a buyer, you’ll get an in-depth look into a neighborhood’s real numbers so you can make an informed decision. Being involved in the community is important to me. Not only am I active at my local church, I also volunteer for Habitat for Humanity and the Selian Hospital. I like spending time with friends and family, working on arts and crafts, working out, and just having fun.

Hi, I’m Jenn. I am passionate about real estate and enjoy sharing my knowledge with clients to help them make good decisions. I’ve had my real estate license since 2001; and am an experienced agent, representing both buyers and sellers. Currently, I serve all of Denver Metro and the surrounding areas. Thanks to my growing up in Colorado, I give my clients an inside look into neighborhoods, communities and amenities nearby. When I first started out, I focused on helping first time home buyers, becoming very familiar with financing, foreclosures and HUDs, and other details related to successfully closed transactions. Shortly after, I decided to start working with both buyers and sellers. Over the years, I have helped hundreds of sellers and buyers successfully navigate the stressful world of real estate. Find more info at https://www.jennifer8z.com/.