List of Foreclosures in golden
Foreclosures don’t come up much and when a good deal in Golden comes up they are snatched away pretty quick. I have had to explain continuously about the market in Golden. First the shadow inventory is not that bad in Golden. Unlike other parts of the nation not everyone is behind on their payments.
Next thing people don’t like to here. The difference between average original list price and sales price was only 6%. The difference between current list and sales is only 4%. These statistics came from the MLS the morning I wrote this article. So a low ball offer on a Foreclosure or any house for that matter doesn’t fly.
Here is some decent speculation on why the Golden Market is so strong.
#1 The School of Mines is a great school and in Golden the little town locked up by the mountains there is always a demand for Rentals.
#2 The place has a very active community. Golden Co is Home to Coors, The American Mountaineering Center, an active downtown, and a great creek to have fun on.
#3 It’s staying small. Due to laws there is a limit on new construction so demand for housing stays high.
This is why foreclosures get snatched up so quickly. Don’t get me wrong it’s not imposable to find a deal and be able to snatch up a foreclosure or short sale. Golden’s foreclosure market does not resemble a buyers’ market.
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