Colorado short sale homes, at least in the Boulder and Broomfield area are not in as abundant supply as some places. We are poised for a recovery in this market and we were not as deeply hurt as other areas.
This beautifully crafted home in the lovely Crystal Pines neighborhood of Broomfield offers a tremendous buying opportunity for some very lucky soul. Colorado short sale properties like short sales anywhere offer up images of decrepit structures or neighborhoods. The reality for this home and for many short sales in Broomfield and Boulder counties is quite different. Frequently a Colorado short sale home has been lovingly maintained and lived in until some hardship arises and the sellers can no longer stay in the home. With the change in property values over time from the inflated market a few years ago may mean the the current market sale price of a home will be less than what the current mortage pay off balance is to the lender.
With a Colorado short sale, and elsewhere, the buyer negotiates with the lender to come to a sales price they agree on. Despite the name of short sale, the process can actually take several months longer than a regular market sale. Banks are starting to steamline their process and today a Colorado short sale may be completed in as few as 3 months, possibly quicker if approval has already been given by the lender. If you are a buyer in search of an amazing deal and willing to wait an extra couple of months. then this home at 2525 Outlook Tr. in Broomfield, CO, in beautiful condition, may be just the home for you!
This Colorado short sale opportunity will be open to the public and available for your viewing this Sunday 2/12/12. Hope to see you there!
To learn more about short sale buying opportunities or if you are a homeowner in a distress sale situation (divorce, health crisis, job or income loss please call Mary Kay Irving today at 720-217-6450 or email MaryKay@theirvingteam.com
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