Posts Tagged ‘SHORT SALES IN EVERGREEN COLORADO’

HIGHEST AND BEST USE FOR EVERGREEN COLORADO REAL ESTATE

Saturday, April 4th, 2009

HIGHEST AND BEST USE FOR EVERGREEN COLORADO REAL ESTATE

 

The concept of the highest and best use of a parcel of EVERGREEN COLORADO REAL ESTATE is coming into sharp focus, as our society moves towards a GREEN BUILDING mentality. Many homes in the most prestigious neighborhoods were built back in the 60’s, 70,s, 80’s, and 90,s when energy was cheap, and people didn’t worry about interior air quality. The dilemma is that the cost of the homes does not exceed the cost of the land in Evergreen, so we are faced with the reality of older, inefficient homes on prime lots in desirable neighborhoods. Just updating the kitchens, baths, and carpet doesn’t really solve the problem.

 

A second time proven concept in Real Estate is the principle of diminishing returns. When we buy a home, in a high end area, and then spend a 25-45% more on a major renovation: we have exceeded the point of diminishing returns. Now we have a house that cost us far more than the neighborhood sales prices can sustain. What can be done?

 

There are several options for the determined buyer who is willing to buy and renovate so that they will have the best of all worlds: a prestigious neighborhood, a modern design, an energy efficient home, good interior air quality, and a prime location. First, we can examine all the MLS existing homes and make an offer that will compensate for the costs of the renovation. Second, we can consider the foreclosed, or being foreclosed, homes and look for a home priced right for our purposes. Third, we can negotiate a “SHORT SALE” and try to arrange for the bank to pay for the needed work.

 

Now is the time to plan your strategy; give us a call at MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGE SERVICES, and let’s devise a plan to help you profit in this buyer’s market. We are the one stop shop for all your Real Estate needs in the Rocky Mountains. Whether you are looking for a home, an EVERGREEN COLORADO HOME LOAN or an EVERGREEN COLORADO MORTGAGE REFINANCE call us at 303-674-0148, Email us at markenglishrealestate@msn.com , or visit us on the web at www.evergreencoloradoliving.com .

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WHEN TO INVEST IN EVERGREEN COLORADO REAL ESTATE

Sunday, December 28th, 2008

WHEN TO INVEST IN EVERGREEN COLORADO REAL ESTATE

 

Whether it is a home of Your own You are looking to buy, or You want to start investing in You lifetime financial security; everyone is wondering where is the bottom of the market. We are so afraid that we will pay too much, that we might miss the best buyers market in forty years. Surly You will ask me “how then Mark can we get the best price and not miss out on all the bargains?” Relax! I will show You.

 

What we do here at MARK ENGLISH REAL ESTATE is we create our own opportunities. You are right; if You procrastinate the market will pass You by. However, we will teach You how to put Yourself in the driver’s seat with what is called “a Short Sale.” In a Short Sale we contact the bank who owns a property You want, and we offer them less than they have into the property. Now, they can turn You down but, in today’s economy, with the large inventory that exists, many times they will accept. Not only will they accept but will also finance the property to a qualified buyer.

 

It takes skill and know how to secure a sale under these conditions, but we here at MARK ENGLISH REAL ESTATE can educate You and show You how it is done. With a Short Sale You effectively create Your own bottom of the market and leave Your competition in the dust. If the bank foreclosed for let’s say $300,000.00 and You offer $250,000 You have just established Your own bottom, and acquired a desirable property before the rest of the market was aware of it.

 

More important than some esoteric “bottom of the market” is to establish what a home is worth in the free market, and how can I make money by investing in it. The goal is not just to buy cheap, but to buy an income stream or lump sum profitable return. Making money is what it is all about, not just getting a deal.

 

Give us a call at 303-674-0148, Email us at markenglishrealestate@msn.com , or visit us on the web at www.EvergreenColoradoLiving.com and we will show You how to profit, when buying EVERGREEN COLORADO REAL ESTATE in these difficult economic times. Don’t forget to register for Your FREE BUYERS INCENTIVES.

 

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FORECLOSURES IN EVERGREEN COLORADO

Monday, December 15th, 2008

FORECLOSURES IN EVERGREEN COLORADO

 

Colorado ranks in the top ten states for numbers of foreclosures. The states economy has been hard hit by the mortgage crisis. The hardest hit communities are in and around the metro areas and there are some real bargains available. Here at Mark English Real Estate we always make all the foreclosed properties available to our buyers interested in Evergreen Colorado Real Estates. This is not a simple task because there is no definitive list of all the homes in distress. The best deals are on those homes that have not yet gone up for sale by the public trustee. The best bargains are at the foreclosure sales but it takes know how and determination to submit a winning bit on the home You want.

 

A TYPICAL FORECOLSURE IN EVERGREEN COLORADO

 

It all starts when the loan company files a Notice of Election and Demand against the property in default. This gives the owners not less the 110 days and not more than 125 days to arrange a method to redeem their property. Many folks will try to sell their home during this period while their attorney tries to structure a “Short Sale” where they will try to get the lender to settle for something less than the loan amount. If all fails then the property is foreclosed and the public trustee proceeds with the sale. During this time any interested party can drive by the home and look. The owners do not have to give You access so there may be a problem getting in to view the house.

 

THE DAY OF THE SALE

 

Two days prior to the sale date the lender must submit their bid amount and it is available at the public trustee’s office. You can then bid what ever amount You want above the lenders amount. The home goes to the highest bidder. This is a basic outline of the process but in reality it is more complicated.

 

Please give us a call at 303-674-0148 or email us at markenglishrealestate@msn.com and let’s analyze the market, including the foreclosed properties, and draft a plan to purchase your dream home in Evergreen Colorado.

 

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