Question Details

Tonia, Home Buyer in 64158

Hi...I am relocating from Kansas City to Denver, CO. I would very much like to purchase a pre-foreclosure,

Asked by Tonia, 64158 Mon Jun 30, 2008

possibly REO property. I prefer buyer's agents and want someone who is knowledgeble and knows the Denver market. I know exactly where I want to buy, including school district (Cherry Creek) and the HS I want my kids to attend (Cherokee Trails). Is anyone out there who knows their stuff?

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Hi, Tonia. Welcome to Denver! I have worked in the ChCreek market & have the capability to search for homes that register as Cherokee Trails (standard disclaimer - buyer is always advised to contact the school district directly to verify once they are serious about a house).

What is prompting you interest in pre-foreclosure/REO? I have found here that the marketing of those homes does not always produce a reduced price - & with so much on the market now, I don't think you have to focus just on that type of listing to get a fair price on a home. Also, be advised, REOs always & short sales mostly are sold as-is with no repair allowances. So if bringing a home up to your standards is any concern, best to aware of that. Some people are very handy & don't mind that issue, though.

The other issue is your timing. Be aware that when buying a home where the bank is involved - it can take weeks to get a contract accepted. If there is any timing issue for you, better to be aware of that up front.

What is your price range? What characteristics are most important to you? I can set up a search program for you with parameters. It will only pull up new listings or price reductions, so you don't get overwhelmed by redundant listings. All Best, look forward to hearing more from you,
0 votes Thank Flag Link Thu Sep 4, 2008
If you are working on a limited specified range for properties in a given area you may have to wait till a property comes up that works with your budget.
0 votes Thank Flag Link Mon Jun 30, 2008
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