The Brian Petrelli Team Blog

As we were looking over the latest Colorado Springs foreclosures released by HUD, this latest offering stuck out from the rest. This is a ranch home with handicap features in the sought after Chateau at Antelope Ridge neighborhood.

Unlike typical HUD homes, this listing has new carpet and new paint. With 3 beds, 2 bathrooms and over 1,100 square feet, this is a terrific find in this area. And the price? An incredible $64,900!

There are few pictures provided, so if you would like more information, or would like to schedule a time to see this home, give us a call at 719-641-4209. Ranch homes in this area move quickly, so don’t delay.

Chateau at Antelope Ridge:

There are still some great deals on Colorado Springs foreclosures. If you are looking at Colorado Springs homes, don’t dismiss the idea of a short sale or foreclosure. Many of these homes are in great shape, and the value can be tremendous. Call us today for more information.

We are excited to announce this amazing home in the Chatfiield area, located on 3 acres in the heart of Littleton!

Listed by Darcy Truppo on ou team, this 2,500+ square foot home is truly a rare find. Homes with acreage in the Littleton area are few and far between, and this home has 3 full acres! In addition, this home backs up to an additional several acreas of open space.

Located near the intersection of Coal Mine Ave and Kipling, you are truly minutes from everything you could want: shopping, C-470, Chatfield State Park and so much more. The home itself offers great mountain views, newer windows and a newer roof. Check out all of the photos on our website.

Give our team a call today at 303-726-1874 to see this amazing home for yourself.

Chatfield Home For Sale:

9830 old coal mine ave littleton 80128 $650,000.00

Beds: 3 Fin Sq Ft: 2544 Baths: 3 Year: 1971 Acres:3 # of Photos Avail: 5 V-tour Available: No MLS #: 1161963 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: horses ok in this 3 acre island of country close in to shopping, c470 health care. backs to several acres of open space… more…

If you are looking for homes in Denver with acreage, the choices keep getting smaller. Whether you need land zoned for horses or just want the extra space, call our team of specialists and let us find the right location with land for you.

Jacy Bowers on our team just listed this meticulously maintained tri-level in the Smoky Hill neighborhood in Centennial.

This homes is in fantastic shape and will not disappoint. This house has new carpet, new paint, newer roof, newer windows, and upgraded central a/c system and so much more. With a large backyard, wood stove and fireplace, you need to see this home before it is gone.

The Smoky Hill neighborhood is located just east of Cherry Creek State Park and south of Quincy Reservoir. The area offers easy access to both I-25 and I-225.

New Listing in Smokey Hill:

17365 e belleview pl centennial 80015 $187,500.00

Beds: 3 Fin Sq Ft: 1541 Baths: 2 Year: 1979 Acres: # of Photos Avail: 5 V-tour Available: No MLS #: 1161291 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: well cared for home with new carpet, new paint, newer roof and windows. upgraded central air system. you’ll see that thi… more…

As with most Centennial homes priced under $250,000 we expect this home to sell very quickly. Showings start today, so if you’d like to see it, call us now at 303-726-1874.

In addition to this home, we can show you several Centennial foreclosures and some short sales in Centennial that are a tremendous value. Call us today.

Our team recently listed a home in The Villages Highlands Ranch. This is an incredibly popular neighborhood of Patio Homes in the west section of Highlands Ranch. Homes do not come up for sale often in this great neighborhood, and when they do, they typically sell very quickly.

We listed our most recent listing on a Thursday, and by Friday, we had 2 offers and were under contract at full price. If you are interested in this neighborhood, make sure you contact us and let us know. We typically have buyers waiting for homes to become available, and the people who contact us will be able to see any new listings the day they come on the market.

There are very few neighborhoods that offer Highlands Ranch patio homes and The Villages are the most affordable. We have compiled the latest market statistics here so you can see just how few have sold over the past 12 months. If you would like more detailed information on these homes, just let us know.

The Villages Highlands Ranch

Sold Homes:

Based on information from Metrolist®, Inc. for the period February 2012 through February 2013 Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

Again, if Highlands Ranch Patio Homes are of interest to you, let us know. We typically know of new listings before they hit the market and can help you see them before anyone else. As with most Highlands Ranch homes under $300,000, these homes are selling very, very quickly in this market, so don’t wait to let us know what you are looking for.

Some more incredibly positive news was released on Tuesday. This time, the report originated directly from the Colorado Division of Housing and detailed the number of Colorado Foreclosures sold at auction during 2012. The numbers were dramatic.

According to the report, the number of Colorado foreclosures in 11 of the 12 metro counties in the state showed year-over-year declines. the only metro area that did not show this improvement was the Pueblo County area. This is great news for the Denver and Colorado Springs areas as Denver foreclosures and Colorado Springs foreclosures were down significantly.

From the Denver Business Journal:

New foreclosure auction sales of homes in Colorado were down nearly 19 percent in 2012 from the year before, with 11 of the state’s 12 metropolitan counties reporting year-over-year declines, according to a report released late Tuesday by the Colorado Division of Housing.

Colorado had 15,903 foreclosure auction sales, or completed foreclosures, in 2012, compared with 19,617 in 2011, the report said.

In the fourth quarter alone, foreclosure auction sales dropped 7.3 percent to 3,706, versus 4,057 in the fourth quarter of 2011.

New foreclosure filings also fell in 2012, declining 10.6 percent to 28,579 from 31,975 in 2011. Foreclosure filings in the fourth quarter were down 33.4 percent, falling to 5,685 from 8,540 in the same period of 2011.

As always, the foreclosure numbers for individual cities and neighborhoods varies. If you would like a detailed report on a specific area, call our team. We’ll show you not only how many foreclosures have been sold in an area, but how those sales are affecting home values and how they look to impact resale value down the road.

Even in this improving market, appraisers are still hesitant to discount foreclosures too heavily and we still have to fight to show values in some instances. If you are thinking of entering this market, make sure you have an experienced team behind you! Our team has extensive experience with foreclosures across the front range. Denver foreclosures and Colorado Springs foreclosures can be very different. Let us show you what to look for and how to make winning bids!

Located in the northeast section of Colorado Springs, Woodside at Briargate is a fantastic area offering single family homes starting in the mid $100’s and going as high as the high $200’s.

HUD recently listed a terrifically priced home in this neighborhood with 3 bedrooms, 3 baths and over 1,600 square feet. Priced at just $180,000, this home offers an amazing opportunity to buy a spacious home with a ton of potential. This great home also boasts a spacious kitchen, 2 car attached garage, fireplace and a large living room.

If you would like more information about this home, or any of the other available Colorado Springs foreclosures, call our team at  719-641-4209. We can help you with any of the available Colorado Springs homes for sale and help you make the right choice when buying you rnext home.

Woodside at Briargate:

HUD Owned Home 4325 ramblewood dr colorado springs 80920 $180,000.00

Beds: 3 Fin Sq Ft: 1613 Baths: 3 Year: 1985 Acres:0.114 # of Photos Avail: 11 V-tour Available: No MLS #: 777910 Status: Active Listing Office: westfall & co. mktng & mgmt gr

Broker Remarks: hud owned*sold as is*large kitchen*seperate dining room*large living room*spacious family room with fireplace*laundry ro… more…

If you are looking at Colorado Springs homes for sale, HUD has some terrific offerings on Colorado Springs foreclosures. Many of these homes are FHA eligible and have the option for a buyer to use a 203k mortgage to finance in any repair or fix up costs. Call us today for a list of these homes.

We are helping several of our clients looking at Parker homes. One of our clients is considering making an offer on a home located in The Villages of Parker, and we prepared a detailed pricing report for them.

We have attached a portion of that report below to help give you a better understanding of what homes in that neighborhood are selling for. If you would like a more detailed report, give our team a call at 303-726-1874. We’d be happy to provide you with all of the information you need.

If you are not familiar with the area, The Villages of Parker is located roughly a mile east of Parker Rd, just south of Main Street. It offers easy access to the surrounding areas as well as I-25 and C-470.

Remember, this report includes all of the Parker foreclosures and Parker short sales in the neighborhood as well as the more traditional sales. These distressed property sales impact the prices and values of homes differently – especially on appraisals. If you’d like to have a detailed discussion with one of our Parker homes experts, give us a call. We’ll help you understand this complicated market.

The Villages of Parker:

Sold

Based on information from Metrolist®, Inc. for the period August 2012 through February 2013 Note: This representation is based in whole or in part on content supplied by Metrolist®, Inc. Metrolist®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Metrolist®, Inc. may not reflect all real estate activity in the market.

Our team is excited to announce our newest listing in the Summer Valley Aurora Homes neighborhood by Diane Nazminia. This is a fantastic area just east of Cherry Creek State park just north of Smokey Hill rd.

This new listing is in fantastic shape and shows what true pride of ownership looks like. With 3 bedrooms, 3 baths high efficiency furnace, finished basement and large backyard this home will sell quickly. in fact, we have already had several inquiries, so if you are interested in seeing the home, give us a call today at 303-726-1874.

Summer Valley Aurora Homes:

4842 s pagosa way aurora 80015 $174,900.00

Beds: 3 Fin Sq Ft: 1586 Baths: 3 Year: 1981 Acres:0.11 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1159775 Status: Active Listing Office: mb the brian petrelli team

Broker Remarks: extra nice traditional two story shows pride of ownership,newer top of the line high efficiency furnace. 3 bedrooms on u… more…

Most Aurora homes for sale are moving very quickly. With the decrease in the number of Aurora foreclosures and Aurora short sales, we’re seeing the standard, individual owner sales gaining more attention and selling very fast.

If you are in the market, make sure you have one of our agents set you up on a daily email alert so you don’t miss any of the best deals on Aurora foreclosures and Aurora short sales when they hit the market!

We help buyers every month buy a home using one of the many Down Payment Assistance programs available in Colorado. Few buyers are aware that there is a fantastic program available for buyers looking at Colorado Springs homes who need help with their down payment.

This program is provided by El Paso County and allows home buyers to qualify for a grant equal to 4% of the mortgage amount. Buyers use this grant in conjunction with a 30 year fixed rate FHA or VA mortgage and then are able to purchase any FHA eligible home.

Called the “Turnkey Mortgage Program,” this loan program has surprisingly little in the way of qualifications. Here are the key figures:

• Maximum income: $88,900 for 2 borrowers, $103,700 for 3 or more borrowers
• Maximum purchase price: $283,000
• Buyers DO NOT need to be first time home buyers

You can read the full requirments here.

This is a fantastic program and buyers can use it to buy any home that meets the above qualifications and qualifies for an FHA or VA loan. This includes many Colorado Springs Foreclosures and HUD homes.

If you are looking at Colorado Springs homes and are struggling to come up with the down payment, give our team a call at 719-641-4209 today and we can get you started on this Turnkey Program. We can get you in touch with the approved lenders for this program and get you on the way to buying your home fast.

Don’t miss out on these incredible mortgage rates. there has never been a better time to buy a home!

The numbers are absolutely staggering. According to the latest report from Metrolist, the inventory of Denver homes for sale is at a 23 year low. Talk to any of our agents, and they will tell you just how difficult this is making finding buyers homes.

From The Denver Business Journal:

The number of homes available for sale in metro Denver dropped to the lowest level for a January in 23 years, according to a Metrolist Inc. report issued Friday.

That inventory level stood at 7,094 homes, 8 percent less than in December and 32 percent less than January 2012, the report shows, further bolstering the emerging seller’s market.

Though at 2,953 the number of homes sold in January was 13 percent lower than the previous month, it was still 20 percent higher than a year ago. And the number of homes that went under contract last month jumped 43 percent from December.

This incredible lack of inventory has completely changed our approach with our buyer clients looking at Denver homes for sale. In the past, many buyers would take a day or two to “sleep on it” before they wrote an offer. Now, many times the first day a property is listed there are several interested parties and we need to explain the urgency of making a strong offer fast.

We also consider to emphasis the prime opportunity to sell for our clients looking sell. While spring and Summer is traditionally the best time to list your home, if you are able to list now, the total lack of competition can make your home stand out and help you get top dollar.

Keep in mind, the inventory for Denver Foreclosures and Denver HUD homes is down as well. In certain areas and neighborhoods, foreclosure homes are generating over a dozen bids. If you are interested in making successful bids on these types of properties, call our team of experts today. Only the top agents are helping their buyers win these bids, and we can show you how we’re getting it done.