There is no 'great' appreciation expected anywhere in Northern Colorado. Not for a while.
As the foreclosure market gains steam, and we ecomomy slips further into recession, the smart buyers are investing in the more established areas, and avoiding the transitional areas that may be in decline.
The Downtown Loveland area has more potential than other areas, but it is still a gamble. I'd look at the North Loveland Market, which is driven in part by the growth of Fort Collins, There is newer construction available for less than it cost to build the home!
Whatever you do, use an agent- it costs you nothing and you could save thousands!... more
When involved with foreclosures, banks like "cash transactions." There can be no guarantees but if this is "the one" what do you have to lose by putting in a back up offer.
Your chance of getting it are much greater when you place an offer than when you don't.
Until the financing picture changes, it will remain a very tough market for vacant land. It doesn't seem like builders can get financing for specs and potential buyers can't get financing for buying lots and then getting construction loans. When you consider how competitive resale is right now - it makes it very difficult to get folks to bite on going for new construction (as compared to how it was a few years ago).... more