9/21/07 Update: We closed today and the Seller (Brad H) walked away with his check. He listed this home on 8/20. If you would like to have your home sold FAST, call me now to set up your No Hassle Listing appt. A big thank you to the team at America’s Home Title for going the extra mile.

This raised ranch was only $238,900 and is in the up and coming University Hills area.

• Beautiful Views of the Mountains

• 4 Bedrooms / 2.5 Bath
  

• 1326 Finished Sq. Ft on Main Level

• 763 in basement (90% finished)

• Original Details throughout
  

• Perfect University Hills fix & flip
  

• Large 2 car Garage
  

• Cozy Bay Windows
  

• Just Painted!
  

• Historic Hardwood Floors

• Lots of Storage

• Covered Patio

• Professionally Landscaped
  

HUDS have always been a fertile ground for Denver Real Estate investors and Colorado bargain shoppers. My prediction is that as we go into the last days of 2006, there will be less buyers and more opportunity for the investor to invest in these properties.

Click here to request an updated full color FREE Colorado HUD Bargain List.

Pls call me to set a showing or if you would like to place a bid. HUDs require a licensed broker to assist buyers in the bid process.

This morning I did a market analysis for an investor friend of mine for Green Valley Ranch. This newer Denver Community is located in northeast Denver and is very close to DIA. Lots of new retail is being built there. Green Valley Ranch Real Estate offers solid homes at affordable prices for first time home buyers and Denver Real Estate Investors.
The comparables I ran were for houses with a minimum of 1300 sq ft, 3bed (or more) and 2 bath (or more). Sales history went back 12 mos. The following is the AVERAGE.

• Original $224,813
• Sales $210,409
• Diff % 91.4
• DOM 110 Days on Market
• Sq Ft 1899
• $ per sq ft 111
• Net $205,417

If you are looking to buy or sell a Green Valley Home and would like to learn more about our FREE services, pls call 303-475-1500.

As I was scanning the Grow-A-Brain blog, I ran across an interesting link to quickly analyze rents for your Denver income property. The old way to see if your rents were competive was to drive around the neighborhood, call other landlords and scour the classifieds. Thanks to RentoMeter…this tool makes it a tad easier.

With the current level of foreclosures in Colorado, real estate professionals specializing in this area should be aware of new legislation regarding foreclosures and mortgage lending.

Signed into law on May 30, 2006, the Colorado Foreclosure Protection Act (SB 06-071) aims at defending vulnerable homeowners from “deceptive or unconscionable business practices.” The bill requires those purchasing a foreclosure property to provide all necessary information in writing so that the homeowner may weigh their options and make intelligent decisions regarding the sale of their home. It also designates minimum requirements for contracts between the homeowner and an interested party. One of the new contract conditions provides the homeowner a five-day right to rescind.

A related Mortgage Broker Regulation bill (HB 06-1161) requires individual loan originators who broker mortgage loans to register with the State of Colorado by January 1, 2007. Prior to this law, Colorado was one of two states that did not require licensure for individual mortgage brokers.

For more information on the recent legislation, see the State of Colorado’s official site (www.colorado.gov), the Colorado Mortgage Lenders Association (www.cmla.com), and the Colorado Association of Mortgage Brokers (www.camb.org).

Sources: State of Colorado, CMLA