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Home Buying in 80249 : Real Estate Advice

  • All19
  • Local Info3
  • Home Buying7
  • Home Selling3
  • Market Conditions0

Activity 6
Thu May 7, 2015
Ron Rovtar answered:
Hi P_lollis24:

Finding professional help from a real estate agent and lender is good advice. But I would suggest your first step should be finding a REALTORĀ® you trust and feel comfortable working with. This takes more work than just finding an agent. Real estate agents and lenders are all around you.

You will have to do a little work to create the right team, which will eventually include your real estate professional, your lender, an inspector (or inspectors), an insurance agent and sometimes a surveyor and lawyer. I always suggest first time buyers start out by interviewing several agents. You will learn a lot from the process itself and you almost certainly will find at least one who stands out from the crowd. That agent can help you find a lender that is most appropriate for you and some of the other professionals for your team.

But after finding a real estate agent, look next for the right lender.

For a while after the recession there was little variety in lending programs. This has changed. We are seeing more products tailored to the needs of different groups of buyers, which means you will be better off with a real estate agent who knows where to find the best mortgage products for you.

BTW: The WORST reasons for hiring an agent or lender are: he/she is my friend, neighbor, my co-worker's cousin; is good looking or my age; makes me laugh; or practically begged me for the job. First impressions also are sketchy. Make sure you interview the best candidates twice. Look for people who ask questions about your needs, listen carefully to your answers and act on what they learn from you.

Ron Rovtar
Cherry Creek Properties LLC
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Mon Apr 6, 2015
Sally Grenier answered:
Trulia, Zillow, etc. are just "MARKETING" companies. NOT real estate companies. They pull listings from different sources...AND let scammers post rental scams.

If you're looking to BUY, you need to be working with a REALTOR as your Buyer's Agent. He/she will have access to every available listing in the MLS (multiple listing service) --- which is the ONLY source you should be using.

I'm in the Denver metro area and would be happy to help you.

Sally Grenier
Broker Owner
Metro Brokers | Grenier Real Estate
303.475.4508 Cell
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Mon Jul 8, 2013
Lake Bishop answered:
I currently live less than a mile from the new highpoint community and I stay up to date with what is going on with the development. There are plans to put a convention center on the north east side of the community. Here is a link to info on that As far as shopping goes it is about 15 min from the northfield shopping center. There are rumors that they will be building an outdoor mall similar to Southlands shopping center at E-470 and 56th. There has been a lot of infrastructure to support this idea they have widened the road out that way and put in very large new water lines. According to the developer that owns all the land High Point is being built on and surrounding communities there will be mulitlple shopping centers built along tower road near Pena. I hope this helps answer some of your questions if you want more insight give me a call. Let me know if this helps.

Lake Bishop
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Mon Jan 7, 2013
Lake Bishop answered:
I currently live in the neighborhood off 57th place. So I keep track pretty close on what is going on. I have actually made offers in the neighborhood of 120000 and got beat out in the last six months. I know the property is increasing in value and will continue to increase over the next few years with the light rail going in. ... more
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Thu Oct 7, 2010
George Lewman answered:
Congratulations! Where do you need more room? More entertainment space, more Bedrooms, Bathrooms, Car Space (if you have kids of that age), or yard space.

Do you want to stay in your area, school district, the same distance from work as it is now?

How patient of a buyer/seller are you? There are buys on homes needing TLC out there, but you have to wade through the ones on the edge, before you get to the right house.

My website has complete access to the MLS at no charge to you. You can also look up HUD repos if that is of interest to you. This site, Trulia and also have most of the MLS on them as well.

Please feel free to contact me if you have questions about your options.

Good luck in your hunt.
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Thu Oct 7, 2010
George Lewman answered:
All good answers below.

You can get these properties from many sources:
1. MLS listing of a Lender Owned or Real Estate Owned Property, this is pretty much a normal buyer transaction
2. Get a REO from a bank auction such as REDC (most are on MLS)
3. Buy at the county weekly foreclosure auction (Need cash, no inspection, deed could be clouded), you should get a specialist and/or specialized training and tools to do this right. Let me know if you want to pursue this path.
4. Buy a "distressed" property in foreclosure that is called a short sale. It will be anything but short, but deals can be had for the patient.
5. Another way to buy is from a wholesaler who has distressed properties and all of the above fit into that category. This is also not for the faint of heart.

Use a realtor that is SFR, REOS or CDPE credentialed. It can cost you nothing, and can help you stay out of trouble if you stick to their advice. Be prepared to have to do some fixes that you would normally have the seller do in a normal transaction.
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