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Coloradoreal

http://www.breckenridgerealestatesale.com/


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Real estate in Breckenridge Colorado

  • Archived Blog Post

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    February home sales rise

    The only reason colorado real estate sales are up is that people are taking advantage of real estate foreclosures. The Colorado house next door was foreclosed and sold for $87,000 - easily worth $275,000 and so the bank "forgave" almost 200k. I don't think this is necessarily progress. I have a hard time believe that any bank would forgive almost $200K on a $275K loan. Especially when here in Colorado real estate foreclosure world (Breckenridge being one of the highest) That its harder than hell to get them to come down 5-10K. Unless that Colorado property was destroyed by the previous owners, had copper wiring/pipe stolen etc in the home. In that case it was not really worth $275K. If it went for $87K in a neighborhood of $275K homes and you are right next door, your home price just tanked.

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All, I have been saying this for a few months. Believe it or not makes no difference to me. My wife is an agent in Colorado real estate . Last year business sucked. This year since January, as of today, she has closed 6 houses, She has 6 contracts that have all been accepted that are to close by the end of April. She has 17 other Colorado real estate clients that are pre-qualified and actively looking for Colorado homes. Its is a good time to buy with prices down and interest rates down, the government's $8K incentive and people are taking advantage of it.

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