08.24.07

Denver Real Estate Market Overflows With New Homes

Posted in Uncategorized at 11:23 am by Lowey

Denver new home sales fell 33% in the first 6 months of 2007, the largest percentage drop in about 25 years. There are approximately 3600 new homes on the market.

The Denver real estate market recently had a surge of new homes being built and on the market. The current over supply, mortgage issues and recent foreclosures all make for a current real estate market slump that adds up to good news for buyers. Builders are offering tons of discounts, incentives and extras to buyers. Paid closing costs, vacation trips, no payments for a year are all common incentives currently being offered to woo buyers.

2007 Colorado Parade of Homes Details

Posted in Uncategorized at 10:32 am by Lowey

The dates and hours  for the 2007 Colorado Parade of Homes have been set.

The 2007 HBA Northwestern Colorado Parage of homes will feature 18 homes through out the Western slope of  Colorado. Details of the homes in the parade can be found at http://www.coloradoparade.com/bf/co/gjhba/mem/homes.jsp?pid=1060

September 8th and 9th from 10 AM to 8 PM.

Sept 12-14th from 1 PM to 8 PM

Sept 15 & 16th from 10 AM to 8 PM.

08.04.07

Real Estate Investors Ready for Colorado Foreclosure Auctions

Posted in Uncategorized at 7:32 am by Lowey

This weekend there are 2 big auctions where several hundred Colorado homes will be on the auction block. Colorado has been experiencing a high foreclosure rate, and may even set a record number for foreclosures for 2007. While unfortunate for the owners and lenders, this leads to a great year of opportunity for real estate investors.

Not all homes that are up for auction will be great investments though, so do you homework. Inspect each home and know what repairs are needed.

Here is the auction information:

Hudson & Marshall Auction

Hudsonandmarshall.com

August 4, 2007 at 1 PM

Renaissance Denver Hotel

You will need to bring a cashier’s check made payable to yourself for $5,000. In addition, be prepared to pay 5 percent of the winning amount.

Real Estate Disposition

August 4 and 5th

Colorado Convention Center

Starts at 9:30, registration begins at 8 AM.

ushomeauction.com

Rules: You must have a photo ID and a check for $2500, or if higher, 5% of the winning bid, plus 5% for buyers premium.