This week, our team has had 2 clients win bids on Littleton HUD homes. This is exciting for our clients and we're thrilled to help them in the process. However, we have also had a couple clients lose several HUD and foreclosure bids on homes over the past month. Here are a few tips to help you make the winning bid on Denver HUD homes or foreclosures:
Don't Ignore The Market
If you're placing a bid on a foreclosure, research the recently sold homes in the area. If homes are selling for $250,000 in the neighborhood and the foreclosure is in decent condition and listed fo $220,000, the bank is not going to accept a bid of $150,000 - especially if the home has only been listed a week. Ignore the media and the well intentioned advice of friends and family and focus on the data.
If you find a home you want to make an offer on, DO NOT WAIT! We've seen buyers find a home they loved but wanted to "wait a few days" to make an offer. During that time, other bids came in and our client lost the home. It's a heartbreaking experience. Don't listen to the media; Colorado bank owned homes in decent condition in many neighborhoods are moving very, very quickly.
Get Set Up On Daily Property Alerts
As I mentioned, the best homes are going very quickly and you need your bid to be the first bid recieved by the bank. To do that, you need to learn about the new listings the day they hit the market. Give us a call at 303-726-1874 or visit our website and get set up on daily email alerts in the area you're interested in. When you receive the email in the morning, look the properties over and give us a call to see the homes that day.
We've been selling Denver HUD homes for a long time. Let our experience work for you. Give us a call at 303-726-1874 and let us know what you're looking for. We'd love for you to be our next client who gets a winning HUD bid!
Our client just won the bid on this Littleton HUD Home in Fairview Heights Littleton:
|HUD Owned Home
7905 s cody st
|Beds: 2 Fin Sq Ft: 2317
Baths: 2 Year: 1977
# of Photos Avail: 5
V-tour Available: No
MLS #: 967676
colorado home real estate
|Broker Remarks: fha case# 052-344757. hud homes are sold 'as-is'. ask your agent for details. nice large home with updates, beautiful ... more...
Give us a call at 303-726-1874 to talk about all of the available Littleton Homes for Sale.
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