How Colorado Homefront Can Help with a Short Sale or Foreclosure Situation

Going through the short sale or foreclosure process can be very difficult for many people who have never experienced it before. It can also be challenging to navigate if you try to handle the entire process yourself.

Colorado Home Front has helped with over 300 foreclosure and short sale transactions in the Denver Metro area for the last 20 years, and we work directly with homeowners to help them navigate the foreclosure and short sale process from start to finish.

Working with Colorado Home Front is essential to make sure the process is handled correctly and efficiently if you find yourself in this situation.

How the Short Sale Process Works

The first step in the short sale process is for the borrower to let the lender know why they cannot pay the mortgage, along with several supporting documents like pay stubs and tax returns. Then the home is listed as a short sale in the sales listings, and all offers are sent to the lender and the seller to decide.

A broker price option (BPO) is then generated to determine a fair price to sell the home, but it’s essential to know that short sales are almost always listed for under market value. Once approved, the bank will issue a short sale letter informing all parties that the short sale will move forward.

As with any home sale, you’ll still need to find a buyer for your short sale listing. Luckily, short sales are listed under market value, so finding a buyer should be relatively easy.

The Bottom Line

The short sale process can be lengthy, and you should expect to spend up to 30 days for the bank to receive the initial short sale letter, then you may wait for another 2 to 8 weeks for final approval from the bank. Add this on top of the time it takes to find a buyer, and the short sale process may take several months from start to finish.

Contact Colorado Homefront to assist you with this process. We specialize in the Short Sale Process and helping Homeowners during this stressful process. Contact us to receive information about the process and how to get started.

References:

https://www.thebalance.com/the-complete-short-sale-process-1799195

https://www.coloradohomefront.com/foreclosures/

Why Castle Rock Colorado is a Great Place to Live and Buy a Home

Castle Rock, Colorado is known for the prominent castle-shaped rock near the center of town, but did you know that the neighborhoods of Castle Rock are some of the most desirable areas to buy real estate in the United States? Being part of the Denver Metro Area, Castle Rock and its neighborhoods are a prime location for great public schools, outdoor activities, and real estate opportunities.

Castle Pines

In particular, the Castle Pines neighborhood draws in new residents and visitors for many reasons. The Village Square area off Happy Canyon Road is perfect for finding eclectic eateries ranging from pizza shops, Mexican food, casual brunch spots, and more.

Recreation

Castle Pines is also a great place to settle for those that enjoy the outdoors and beautiful weather. Outdoor enthusiasts can bike, walk, run, or enjoy many recreational activities, like tennis courts, baseball fields, and skateboard parks.

Schools

Residents living in Castle Pines and their children belong to the Douglas County School District. High school students attend Rock Canyon High School, while middle school students attend Rocky Heights Middle School. These schools are highly rated and regularly score above average in test scores among other Colorado schools.

Real Estate

Castle Pines is one of the most desirable neighborhoods of Castle Rock and therefore commands high price points in the real estate market. However, now is a great time to buy real estate in Castle Pines since the neighborhood is growing in population and provides many opportunities for careers in education, health care, and sciences.

Why Buy In Castle Pines?

In recent years, Castle Pines has seen tremendous growth in its real estate market. Its prime location between Denver and Colorado Springs makes Castle Pines ideal for commuters or young and growing families.

The natural beauty of Colorado is what draws people in and makes them stay. Be sure to visit our website to find out why Colorado HomeFront is the best option to buy and sell your home and save money in the process.

Refrences:

Visit Castle Rock Colorado, Eat, Play, Stay! View Castle Rock Events

Castle Rock, CO - Official Website | Official Website (crgov.com)

Outlets at Castle Rock ::: Castle Rock ::: CO

Top Real Estate Agents in Denver Colorado (coloradohomefront.com)

Best Neighborhoods to visit in Denver Colorado

Denver is the most populous city in the state of Colorado and boasts one of the most unique city park systems in the nation. The food scene in Denver is an attention grabber, as Denver is known for its New Mexican cuisine and seafood like oysters and rainbow trout.

Denver is also home to many affluent neighborhoods that consistently draw visitors and new residents in across the country. One neighborhood that consistently ranks in the top places to live in Denver is Central Park.

This neighborhood was previously known as Stapleton and has plenty to offer. Central Park has 11 public and private schools, 50 parks, and 7 pools for residents to enjoy. In addition, Central Park is renowned for being one of the wealthiest zip codes in the Denver area.

Recreation

There is always plenty to do in Central Park. Some of the most popular activities available to residents and visitors include biking, hiking, rock climbing, and bocce ball. Central Park is also a haven for dogs, joggers, and rollerbladers due to the vast amount of open space and paved trails accessible for residents.

Education

Schools in the Central Park area consistently rank among the very best in the state. Aurora Central High School has a unique innovation plan that gives students autonomy and draws in people of all different backgrounds. Northfield High School is Denver’s newest high school and has a more progressive approach to its academic programs.

Moving to Central Park

According to Redfin, homes for sale in Central Park have a median sale price of $702,500, making it one of the most expensive neighborhoods in Colorado. Residents in Central Park enjoy nice weather year-round, and the neighborhood is home to many top schools in the state which makes Central Park a great place to invest in Colorado.

Be sure to visit Colorado HomeFront to get connected with top agents in Denver Colorado and make your real estate dreams a reality.

References:

https://www.denver80238.com/community/schools/

https://www.redfin.com/neighborhood/122503/CO/Denver/Stapleton/housing-market

X Simple Steps To Selling Your Home Fast

Do you want to sell your home as quickly as you can?

According to a study by Zillow, several factors affect the number of days your property stays on the market. These include location, type of market (seller’s or buyer’s market), property’s condition, price, etc. Homes in Peoria, Illinois, take as long as 136 days on the market, while in Palo Alto, CA, properties stay only 36 days on the market. The national average number of days on the market is 68.

You may want to sell your home fast for several reasons like a new job far away from home, urgent need for money, minimize spending on maintenance, etc. It is essential to know that sellers spend more on maintenance fees when homes stay long on the market. Also, potential buyers feel a home that stays long on the market has hidden issues.

This article will provide you with six simple steps to selling your home fast.

1.     Hire a good real estate agent

The first step to selling your home fast is hiring the right real estate agent. The real estate agent you choose should be the one that understands the local market and can show records of previous sales. Good real estate agents have adequate experience in the business. They will guide you throughout the entire process. Good real estate agents also have the appropriate tools to ease the process and help you sell the home fast.

2.     Declutter and clean your home

Clutter can make your home unattractive and dirty. It would be best to declutter your property before you list it. Discard or give out items you no longer need. Get storage for valuable appliances or furniture. When you declutter your home, it appears spacious. As a result, buyers will see more value in the property. After decluttering, hire professional cleaners to perform a deep cleaning on the property.

3.     Depersonalize your home

It would be best to remove all personal items from the property. Every potential buyer wants to visualize themselves in the home. However, it will be difficult for them to do so with your articles everywhere. For that reason, provide a blank slate to give them a better chance of picturing their items in the home.

4.     Stage the home

Your home has specific features that will not be apparent until you highlight them. That is where home staging comes to play. Home staging involves the process of decorating your home to accent the desirable features.

You can also furnish the house with modern and light furniture. If you are repainting the walls, choose neutral colors. Bold colors may not be suitable for many buyers. That is because it doesn’t blend with furniture colors.

Your staging should also involve lighting. It is advisable to allow more natural lights into the home. Doing so will brighten the house and make it appear spacious. Professional stagers can help you achieve more with home staging.

It would also be better to make the necessary repairs on walls, floors, cabinets, etc. Repair all holes, dents, scratches, nicks, and other defects.

5.     Price it competitively

Home prices affect the time they stay on the market. If it is too high, the home will spend more days on the market. However, you should also not sell your home at a low price just because you want to sell it fast. All you need is to set a competitive price.

How do you do this? Your realtor or real estate agent will study similar properties in your neighborhood before deciding the price. They will check how much other people sold comparable homes and the recent price others are asking for similar properties.

You can also use online home estimate tools to know what to expect before pricing. It is advisable to price your home slightly lower than similar houses if you want to sell it fast. Also, you can review the price after a particular date if you do not receive offers.

6.     Enhance the curb appeal

One of the best ways to sell your home fast is by creating a favorable first impression on buyers. Your home’s exterior is the first aspect potential buyers will see before assessing the interior. That is the best opportunity to create a lasting first impression.

To achieve this, you can do the following:

·        Mow your lawn.

·        Trim the trees and shrubs.

·        Paint your exterior walls and front door.

·        Plant flowers.

·        Power wash the walkway and driveway.

·        Wash the windows.

·        Repair all broken exterior features.

The list is endless, and these are a handful of things you can quickly do to enhance the property’s curb appeal.

The bottom line

You can sell your home fast if you make it more attractive. An example of how to do this is by offering a transferable warranty for the home, such that buyers will enjoy discounted repairs and replacements.

Another example is offering to pay part or all the closing costs. Your real estate agents can suggest other juicy offers to attract fast sales.