This is a great time to be a buyer. However, getting a good deal is not like shooting fish in a barrel.
A recent article in CNN Money speaks to what I have been seeing in the Denver market for the last 6 months to a year. Several of my first time home buyers are in the up to $150,000 range. Much of what is available in this price range are short sales, and that means waiting, and waiting some more for an uncertain outcome.
The habitable bank owned homes in this range are seeing multiple offers in the first day on the market, and many of those offers are above asking price.
So, if you are looking for a great deal and you want to buy now be ready to act quickly!
Here’s the whole CNNMoney article http://money.cnn.com/2009/08/05/real_estate/buy_foreclosures_now/index.htm?postversion=2009080512
Lil Lively - Your Voice in Real Estate
Broker Associate - Your Castle Real Estate
Cell: 303-746-8827 LilLively@Gmail.com
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