We bought a foreclosed home from Fannie Mae last year. Bear in mind, if this is a typical foreclosure, you will end up fixing everything that's wrong yourself, even if you find something wrong the bank isn't likely to fix it before closing (that's what they mean by "as-is"). So it's really a matter of knowing what you are getting into. The home we picked was winterized, and they wanted $150 to turn the water on for our inspector, then $150 to turn it back off. Our home inspector actually pumped up the plumbing with an air compressor at the beginning of his visit. It held air for a couple of hours, so he told us that we were probably OK. If it had leaked, we would have shelled out the $300 to see what was wrong. The house overall was in great shape, and we had no reason to believe the plumbing was bad, so we decided to take the risk and go ahead with the closing. We had the water turned on when we moved in. A lot of the faucets leaked or acted funny for a week or two, just because they had been dry for so long. Other than that, no problems at all. So I guess it depends on the overall condition of the house you are considering -- and how much risk you are willing to take.... more
Thinking of Selling? Free Market Snapshot-- informing you of statistics/graphs-- FindingTheHome.com
Park Hill-- desirable area for many.
Kathryn Carlson, Licensed Real Estate Broker Owner ,
Bachelor of Science, Realtor, Accredited. Luxury Home Specialist, e-Pro Certified
Memberships: National Association of Realtors,
Colorado Association of Realtors, Denver Board of Realtors, Council of Residential Specialists,
Council of Luxury Home Specialists, Colorado Mortgage Holding Company, Licensed HUD Broker, Denver Metrolist
Homes and Lifestyles of Colorado
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There are no issues tha would preclude me from moving my family to Park Hill. I hve lived all over the Denver Metro area in the past 37 years. If I were moving I would look in Park Hill and all of the others. Great neigborhoods.
Median Income $40,803
Median Income Ranking (State) 38th Percentile
Median Income Ranking (National) 49th Percentile
Average Income Households w/ Children $58,500
Average Ranking Income Households w/ Children (State) 50th Percentile
Average Ranking Income Households w/ Children (National) 59th Percentile
Average Age 38 years
Age 0-9 Years 4.71%
Age 10-17 Years 19.89%
Age 18-29 Years 7.38%
Age 30-39 Years 22.46%
Age 40-49 Years 13.16%
Age 50-64 Years 16.36%
Age 65+ Years 16.04%
Average Travel Time To Work 24 minutes
Employment: Farming/Fishing/Forestry... more