5 Tips to Remember if you’re buying a Distressed Property

While today’s inventory of distressed properties isn’t as robust as it once was, with markets recovering and home prices steadily increasing, these types of properties are still very desirable to many buyers. In areas like Denver where prices are high and options are limited, distressed housing can be a great alternative. Distressed properties typically fall … Continued

3 Financing Options for HUD Homes

In any real estate market – including seller’s markets like Denver – everyone is looking for the best deal possible.  HUD homes, while different than traditional homes, can be a great value – especially in areas like ours. What is a HUD Home? In the simplest terms, a HUD home is a property owned by … Continued

Is Buying a Short Sale Right for You?

If you understand what you’re in for, buying a short sale home in a competitive market can be a great option. Below are a few things to keep in mind as you consider whether or not this type of housing is right for you. First, what is a short sale? Short sale properties are ones … Continued

3 Common Foreclosure Myths Debunked

There’s a lot of conflicting information out there when it comes to buying a foreclosure property. Maybe you’ve heard only horror stories about buying a foreclosure, but the truth is that purchasing these types of properties doesn’t have to be a negative experience. Here we’ll debunk some of the common myths you may have heard … Continued

Steps for Buying a Real-Estate Owned Property

An REO (real estate owned) property is a foreclosure that did not sell at auction and ownership has transferred to the bank or lender. These types of properties are attractive for several reasons. In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s … Continued

3 Reasons to Consider Buying a Distressed Property

Aside from increasing your housing options, considering distressed properties additional benefits as well. In areas where affordability is low and choices are limited, buyers – first timers or not – may be surprised at the advantages of considering distressed homes. Distressed homes that are for sale not because the owner wants to sell, but because … Continued

The Pros of Buying an REO Property

Whether you’re looking for an investment property or a new place to call home, an REO property (real estate owned) may be the perfect option for you. Real Estate Owned properties are properties owned by a bank. These properties have gone through the foreclosure process, but no one successfully bid on them for purchase. There … Continued

The Ins and Outs of Buying an REO Property

Chances are in your Mile High house hunt, you’ve run across the term “bank owned” or “REO” (real estate owned) properties. These types of properties can actually be a great value for first-time buyers or anyone in an area with limited inventory. The key is truly understanding what an REO property is and how to … Continued

The Scoop on Short Sales

Denver’s housing market can be tricky to maneuver. Sale prices are up, and while inventory is climbing a bit, options for first-time buyers here may seem slim. The good news is there are ways to expand your search options if you’re willing to consider distressed properties in the area. One of the most common types … Continued

Tips that will make your REO Home Buying Experience Easier

Real estate owned (REO) properties – also known as bank-owned properties – can be a great value and help open up buying options in cities like Denver where inventory is tight. Buying an REO home isn’t drastically different than a traditional sale, but there are a few things to know that will be helpful as … Continued