May 18, 2020 By Kira-Ana Off

Denver realtor and foreclosed home buying advices

Buying a foreclosed home in Colorado: Find a real estate agent versed in the complexities of the foreclosure market. Whether you’re looking at a pre-foreclosure, short sale or bank-owned property, you’re going to need the guidance of a professional who has a background in buying and selling these types of properties in your local market. Similarly, you must remember that real estate agents are not lawyers. Foreclosure laws and regulations are tricky, and they vary from state to state. Don’t rely on your real estate agent for legal advice; be prepared to consult with a local real estate attorney who understands how these purchases work.

Hire an agent who is knowledgeable about the foreclosure process to represent your interests and will keep the transaction moving. One strategy for finding the right agent is to visit websites with a database of foreclosed homes in your desired area. Look for Realtors who have specialized real estate training in this area, such as the Certified Distressed Property Expert (CDPE) or the Short Sales and Foreclosure Resource (SFR) designations. A buyer can work directly with the bank’s real estate agent instead of using a buyer’s agent to save on the commission split. This can be a risk, though, because “buyers feel more secure when they are (directly) represented,” Soffee says.

How does a short sale work? A short sale is similar to a foreclosure, but the two aren’t the same. In a short sale, the bank or mortgage lender does not remove the homeowner. Instead, they agree to let the current owner sell the house for less than the mortgage owed. What’s the benefit of buying a short sale home? There’s just one: You might pay an exceptionally low price for the house. But the process can often be frustrating and has unique perils. See additional details on https://www.jennifer8z.com/post/buying-a-short-sale-home-in-colorado.

My marketing background has proven to be a valuable strength in selling listings. As a seller, you’ll get a comprehensive detailed strategy in pricing, staging and selling your home. As a buyer, you’ll get an in-depth look into a neighborhood’s real numbers so you can make an informed decision. Being involved in the community is important to me. Not only am I active at my local church, I also volunteer for Habitat for Humanity and the Selian Hospital. I like spending time with friends and family, working on arts and crafts, working out, and just having fun.

Hi, I’m Jenn. I am passionate about real estate and enjoy sharing my knowledge with clients to help them make good decisions. I’ve had my real estate license since 2001; and am an experienced agent, representing both buyers and sellers. Currently, I serve all of Denver Metro and the surrounding areas. Thanks to my growing up in Colorado, I give my clients an inside look into neighborhoods, communities and amenities nearby. When I first started out, I focused on helping first time home buyers, becoming very familiar with financing, foreclosures and HUDs, and other details related to successfully closed transactions. Shortly after, I decided to start working with both buyers and sellers. Over the years, I have helped hundreds of sellers and buyers successfully navigate the stressful world of real estate. See even more details at https://www.jennifer8z.com/.