Smooth Move REO's Blog

REDUCED - Banked owned property

2008-08-14T17:41:03Z

A wonderful two bedroom, two bath ranch style home in Grapevine Hollow. Oak hardwood floors throughout the main level hallways, kitchen & dining areas. The wrought iron spindle staircase is a perfect touch. A lovely stone accented gas fireplace is the center piece of the living room. A ton of rich stained cabinetry in the kitchen plus a center island makes work in the kitchen easy. The master suite has walk-in closet & five piece master bath. Perfect for first time homebuyer.

To check out a visual tour of this home go to: www.TracysTeam.com - Type in tour #: 1459510

Or give Tracy a call at 970-567-0907

Opportunity is KNOCKING!!!

2008-08-14T17:28:38Z

Opportunity to own new construction at has been reduced over $20,000! Great for first time home buyer or invester!! Come take a peek at this great ranch home offering 3 bedrooms, 2 batha with over 2,500 SqFt. The spacious living rooms focal point is a stunning stone accented gas fireplace. The large kitchen is very functional & offers full tile backsplash, wood floors, 42 cabinets & all appliances are included. The wonderful separate dining room has wood floors as well and offers access to the patio. Large master bedroom has walk-in closet & 3/4 bath with HUGE shower. The main floor laundry is perfect for families or single people. The full basement has already been framed with the bathroom almost completed!

Call Tracy for details - 970-567-0907

Larimer County Foreclosed homes

2008-05-29T17:26:23Z

Below you will see a chart that shows the number of foreclosed homes sold the past two weeks of May for Larimer County. Little by little, as the foreclosed homes are sold, the market will improve!

The House Passed Bill to buy and fix up foreclosed properties

2008-05-08T14:10:33Z

Today The House approved a bill that will send states $15 billion to buy and fix up foreclosed properties. This bill would provide loans and grants to areas hit hardest by the housing crisis.

Supporters of this bill are hopeful that this bill will prevent neighborhoods around foreclosed homes from sliding into blight.

This bill is separate from the broader housing package bill that will provide $300 billion in refinanced mortgages for struggling homeowners. The House was expected to vote on that bill later today.

Since most Republicans opposed, President Bush has threatened to veto both measures. He states that his reason behind opposing is that the Democrats' housing proposals reward lenders and speculators instead of helping homeowners.

Colorado Foreclosure meeting this Monday!

2008-05-08T13:42:13Z

The Colorado Foreclosure Hotline will hold a free informational meeting on Monday May 12 at 7 p.m. and will take place at the Greeley Rec Center, 651 10th Ave.

This meeting is for people facing foreclosure and for interested community members. The meeting will include Housing and Urban Development approved counselors available to talk with homeowners about their concerns.

ALL IS NOT BAD!

2008-03-07T01:43:55Z

Listening to the media one would think that everywhere you turn things are bad. Almost like being in a airplane and taken a nose dive down and not being able to do anything about it. Some people might feel that way today.

YOU ARE WHAT YOU THINK ABOUT!

I am sure we have all thought about this before and possible have heard it before. But, truly give it some thought. It's easy to think about the negative humans do that naturally. It takes some work to really focus on the positive.

Here is some positive news I would like to share with you:

Talk of recession hasn't done much to dampen commercial development in Northern Colorado. Colorado State University alone is spending $400 million in local capital construction projects, and it spent $100 million in '07. Add to that 2 new Wal-Mart Supercenters that are planned for Timnath and Windsor, a new campus for Aims Community College in Berthoudand an expansion of the recently completed Vestas Wind Systems in Windsor and the result is an annual shot in the arm to the regional economy for 2-3 years.

ALL IS NOT BAD! THINGS ARE LOOKING UP FOR NORTHERN COLORADO.

Challenge yourself to think about the positive and push out the negative. Remember "People with goals succeed because they know where they're going".

This Foreclosure Boom is Terminal

2008-02-28T10:13:57Z

If anyone at this point can identify how long it will be until we stop seeing this national epidemic of foreclosures, I’d sure like to know. According to RealtyTrac there was a 57% increase in foreclosure filings nationwide in between January 2007 and January 2008. Also, according to Les Christie of CNN Money “Subprime loans defaulting even before resets.” Perhaps the foreclosure epidemic is “coming in like a lion, and out like a lamb” much like the seasonal change in front of us, OR, perhaps it’s coming in like a den of lions and not going away anytime soon.

As a REO-specific brokerage office we see a lot of what’s going on in the foreclosure industry behind the scenes. It may seem like things are being taken care of at the Federal level with Bernanke cutting rates to prevent a recession, but even Bernanke will tell you that it’s a “band aid on a broken bone.” There is not a doubt that 100% financing is still being offered to home buyers, albeit underwriting is a bit more stringent. Can anyone tell me why ARMs and IO loans are still being offered to Joe Homeowner? Is this any way to get us out of an epidemic? In Colorado this year our lending industry has been tightened up through certification processes, however, we’re in a counter-cyclical state and are 3-4 years ahead of the rest of the nation when it comes to the real estate market.

We sit back and watch California, Florida, Arizona, Nevada, Michigan, Ohio, and many more states do things that we’ve already tried and they simply don’t work. Perhaps a Colorado-based task force for the rest of the nation is not a bad idea. I’m not saying that we’re better than anyone else; I’m just asking why nobody else in the nation is asking “Hey didn’t Colorado just go through all of this for the past 5 years? Shouldn’t we talk to them about what we’re up against?”

Our jobs are getting more challenging and requiring an increase in performance. I have taken on the responsibility to help this nation get through this downtrodden real estate market one client at a time. I will be looking for new and better ways of accomplishing this task and welcome a challenge to anyone out there who would like to step up to the highest level of service possible and see if we can’t just help each other develop some of the greatest service since the inception of REALTOR.

BUILDER DROPS PRICES BY UP to $40,000!

2008-02-16T21:47:15Z

Great quality homes Green Built and energy star rated. Fully landscaped, basements are complete.

* 3,4 or 5 bedroom homes

* Granite countertops-Standard

* Firepits

* Pergola

* Built in Barbeque

Tons of savings! Don't miss out. Stop by 1610 Tennessee Drive. Open Daily 1-5

2007 - Year of Challenge and Opportunity

2008-02-14T18:38:21Z

The Northern Colorado real estate market presented both callenges and opportunities for consumers in 2007. Home sales totaling 8,421 in the region were driven by low interest rates, good selection and value for buyers, and continued in-migration and job growth. "The region will face challenges again in 2008, but is poised to continue its recovery and will fare better than much of the country.

2007 HIGHLIGHTS

1. RECORD EMPLOYMENT - Employment in Larimer and Weld counties rose to 282,636 in 2007, an increase of 1.5%. Despite the increase in employment, the unemployment rate increased to 3.8% in Larimer County and 4.6% in Weld County, below state and national levels. There is a trend toward an increasing number of commuters and workers in home offices.

2. RECORD HOME PRICES - The average price of a home in Northern Colorado increased to $242,298, up 2% from $240,019 one year ago. New Homes averaged $321,100 in Larimer County and $286,500 in Weld County.

3. VACANCY DOWN, RENTS UP - After a year of higher-than-normal vacancy and declining rents in the residential market, improvements began occurring mid-year in 2007. In Fort Collins the vacancy rate was at 4.9%, down from 8.9% the previous year; in Loveland 5.9% down from 8.0%. Greeley saw a slight increase in vacancy rate from 7.3% in 2006 to 8.1% in 2007.

4. COMMERCIAL MOMENTUM- In 2007 almost 50% of the dollars spent on commercial real estate came from out of state buyers. National developers are making a major mark with retail growth. Industrial, office and retail vacancy are all lower than national levels.

5. NATIONAL RECOGNITION - Top rankings on national lists put Northern Colorado on the radar screen of companies and individuals thinking of relocating. Our educated workforce is attractive to biotech, energy and technology firms who have announced plans to begin or expand operations. Fast Company Magazine praised Northern Colorado and Fort Collins as a research center that has generated an exceptional number of patents (4 times the US Average).