Short Sales in Colorado

So much has been made of "SHORT SALES"and Foreclosures in Denver, what are they and how do they work?

The idea of a short sale and getting a great "deal" on some Denver real estate is appealing, however, there always seems to be a catch. And there is time. If you do not have it, you cannot take advantage of a short sale. A foreclosed or lender owned property is different and can be closed very quickly.

What is a Short Sale? According to Colorado Division of Real Estate there were so many complaints about not being advised as to the pitfalls of Buying a Short Sale they came up with their own form and created an addendum for public disclosure. Click here to see the form. Please focus on Section 8.3.

Imagine, your lease is up and the landlord has your apartment rented, you are waiting for closing. Better to know now than then.

And the most difficult part of the transaction may be dealing with someone who has never done a short sale in their career, has never attempted to negotiate for the benefit of the Seller, and does not know how to breath when asked to cut their commission. While that makes a comment about the agents involved, it really goes to the issues of being able to negotiate in a detached manner, something a successful transaction requires.Since 1985 I have negotiated dozens of successful short sales, but I do not seek them out as they drain so much out of me, and frankly, the client relationship. However, if you wish to discuss your situation, and would like an experienced representative on your side, give me a call. It would be my pleasure to discuss the opportunities with you.

Pete Doty has been a full time, licensed, Colorado Real Estate Broker since 1985
7851 South Elati Street, Suite 204, Littleton, Colorado 80120
Office 303-794-8900 Direct: 303-880-5585
email: Pete@DenverRelocation.com

Relocating? Highlands Ranch, Colorado is a great place to live. Click here for a free newcomers package.

Highlands Ranch Real Estate

Concerned about the process? Need someone to talk to? Contact me.
It's what I do.

Search For Homes Below