Category: Real Estate Articles

Must Do’s for Buying an REO Property

By

Buying a distressed property is a great option for buyers looking in booming areas like Denver. But if you’re new to the home buying process, you may not necessarily know what to expect when buying an REO (bank owned property). Fear not – the process isn’t as daunting as you might think. Check out the … Continued

Keep these Tips in mind when Flipping a Foreclosure

By

House flipping is getting quite the reputation thanks to popular shows on a variety of cable networks. It occurs when real estate investors – or even first timers – buy a home (sometimes at auction, sometimes through foreclosure, etc.) and then resell it for a profit after some rehab/renovation. While this type of venture isn’t … Continued

Tips for Buying a HUD Home

By

  Like other distressed properties, HUD homes can sometimes get a bad rap. But in reality, buying a HUD home can be a positive experience as well as a great deal! That is if you know what you’re in for. It’s important to understand facets of both the foreclosure process and the HUD Program. If … Continued

Is a Cash Payment Required for a Foreclosure?

By

If you’re considering buying an REO (real estate owned) or foreclosed property, you may be under the impression that you have to pay for it all in cash. While there are many benefits to an all-cash purchase, it’s certainly not realistic for many buyers. While any amount of cash you can put down for a … Continued

What is a Bank-Owned Property?

By

If you’re in the market for a home in the Denver area, you’re probably entertaining a lot of options. Because demand continues to grow, you might be checking out condos, single-family homes, custom homes, real-estate (bank) owned properties – you just never know where you might find your dreams. Supply is low in Denver, while … Continued

Should you buy a short sale?

By

If you’re considering purchasing a distressed property – either for your own residence or as an investment, there are a variety of options to choose from. Short sales, foreclosure properties, and bank-owned (REO) properties all have a unique set of advantages and disadvantages. Here we’ll check out some of the pros of going the short … Continued

Pitfalls to Avoid when Buying an REO Property

By

While real estate owned (REO) or bank owned properties can be a great deal and good way to break into homeownership, there are mistakes to avoid to make the process as seamless as possible.If you’re considering purchasing an REO property, make sure to avoid the mistakes below. Mistake 1 – All foreclosed homes are bargains … Continued

Can I buy a HUD Home as an Investment?

By

HUD homes can be a great deal for owner-occupant buyers and investors alike. However, if you’re considering a HUD home for investment purposes, you’ll have to wait your turn. If you’re not familiar with this type of property, a HUD home is when a government-insured loan (FHA) gets foreclosed and the Federal Housing and Urban … Continued

Should I Buy a Distressed Property?

By

The term “distressed property” may conjure up images of unsightly houses that appear dilapidated and beyond repair. However, the term really isn’t as scary as it may seem. Distressed housing simply means a home that’s fallen into a short sale situation, foreclosure or is an REO (bank owned) property. While it’s true that sometimes these … Continued

What to Expect when Buying a HUD Home

By

          Purchasing a HUD home can be a great deal; however, before taking that leap it’s important to educate yourself about the process and do your due diligence. Here’s we’ve put together a general outline of what to expect during the HUD home buying process. Find the right agent Only real … Continued