This newer Arvada condo truly is an incredible deal. That's because it's a short sale, which are the best deals in Arvada real estate. This one has been sold, please call me if you're interested in buying an Arvada Colorado home.
Short sales can be frustrating, but I've already obtained acceptance from the first mortgage holder and the second mortgage holder, and their acceptance includes $2,700 towards the buyer's closing costs. You will not find another property like this one in Arvada at this price, but you need to move FAST or the bank will close the file.
It's a newer property, located in a desirable section of Arvada, with a garage for $95,000. It has one bedroom and one bath, and is a ground-floor single story that faces the street instead of a parking lot. Built in 2005, there's central air conditioning, a gas fireplace, washer/dryer hookups, all kitchen appliances stay.
The next closest-priced condo similar to this one in Arvada is listed for $120,000. Two 1-bedroom units have sold in this complex in the past six months, for $137,000 and $135,000. All this unit needs is carpeting, as it's been removed from the front room.
Please click here to read more about 10320 W. 55th Lane, #5, Arvada, CO 80002
Or, see it online here.
How to Buy This House:
1. Check with a lender to be sure you're qualified for a loan of $95,000, and verify that you have enough cash for a down payment and up-front expenses such as appraisal and inspection. If you need an FHA loan, let's talk. Since the carpet is missing, a conventional loan would be better.
If you need the name of a good lender to talk to, contact me.
2. Write an offer, and get it to me with a copy of your lender letter now.
3. Wait a few days while I get the seller's signature, get a HUD form worked up by the title company, send it directly to the assigned negotiator. Once that's taken care of (3-4 days after I receive the offer), I would expect to hear a positive answer from the lender within 2 weeks. That's how quickly they've been responding to me so far.
4. Once they reply with their acceptance of the terms, you do the inspection and move on to closing.
Copyright © 2011 Joetta Fort
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I am a residential real estate agent, happily helping folks buy a house or sell a house in the beautiful and friendly suburbs northwest of Denver. Learn how to buy a house in Colorado.
Read more about Arvada’s other neighborhoods, shops, and things to do, and here's a little intro to Olde Town Arvada.
I write posts on real estate issues and local events in the Denver metro area, especially those communities between Denver and Boulder, as a public service. My hope is to give people an idea of the ‘flavor’ of our community, in case they’re new or moving to the Denver area.
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