Our team has been showing many Denver HUD homes over the past few months. This past week, we had a client looking at Littleton foreclosures. We placed a bid on the HUD home below on Friday and received word today that the bid was accepted!
I want to use this opportunity to again educate buyers considering foreclosures in the Denver metro area. The best deals are moving very quickly! This home was on the market for the minimum amount of time a HUD is required to be listed and was immediately placed under contract once bidding was opened. Our buyer made a strong offer and we were able to beat other bids.
However, we have had several clients, against our advice, submit very low bids on foreclosures and HUDs only to be outbid or flat out rejected by banks. If you are going to bid on a HUD home, make sure you research the nearby homes and make an educated bid. In most cases, banks have done their research on the homes they have listed, and severely low bids won’t be accepted.
If you’d like to talk to our team about Denver HUD homes, give us a call. We can help you navigate the process and provide you with up to date market statistics to help you make the smartest bids: 303-726-1874.
Here’s the home our client just received an accepted HUD bid on:
| HUD Owned Home 13183 acres green dr littleton 80124  $175,000.00 |
Beds: 4 Fin Sq Ft: 1764 Baths: 2 Year: 1977 Acres:0.23 # of Photos Avail: 5 MLS #: 967403 |
Broker Remarks: great family home. oak kitchen cabinets. newer appliances. some remodeling completed. needs some tlc to shine. huge back… more…
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Disclosures
Metro Area Foreclosure and HUD House Searches:
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