Featured Homes
- 19440 East Mann Creek
- 8788 E. Mad River Rd in Parker
- 20949 Woodside Lane, Parker CO
- 4054 S. Atchison Way, Aurora, CO
- 4056 S. Atchison Way, Aurora, CO
- 37963 County Road 17, Elizabeth, CO 80107
- 4896 South Dudley Street, Denver Colorado 80123
- 10427 Longleaf Drive, Parker CO 80134
- 15896 Quarry Hill Drive, Parker CO 80134
- 7995 S. Roslyn Way, Centennial, CO 80112
- 1067 Ridge Oaks Drive, Castle Rock, CO
- 9674 Deerhorn Court in Parker
- 5055 Miriam Lane, Parker CO 80134
- 41456 Farmhouse Circle, Parker CO
- 6251 Westview Circle in Parker
- 10668 Stone Creek Ct. Parker CO 80134
Helpful Parker CO Links
Short Sales Info
Neighborhoods
- Highlands Ranch Homes
- Castle Rock Homes
- Horse Creek
- Lone Tree Colorado Homes
- Meridian Village
- Newlin Meadows
- Pradera
- Stonegate
- The Timbers
Local Resources
Videos
Categories
- Fun Things to Do
- Colorado Short Sales
- Homes for Sale
- Just Cool Photos
- Real Estate Answers
- Real Estate Stats
- Rental Homes
Archives
- February 2012 (2)
- January 2012 (20)
- December 2011 (3)
- November 2011 (11)
- October 2011 (9)
- September 2011 (3)
- August 2011 (3)
- April 2011 (6)
- March 2011 (7)
- February 2011 (2)
- January 2011 (11)
- December 2010 (3)
- November 2010 (11)
- October 2010 (24)
- September 2010 (5)
- August 2010 (5)
- July 2010 (7)
- June 2010 (9)
- May 2010 (5)
- April 2010 (17)
- March 2010 (5)
- February 2010 (13)
- January 2010 (13)
- December 2009 (5)
- November 2009 (30)
- October 2009 (31)
- September 2009 (36)
- August 2009 (21)
- July 2009 (9)
- June 2009 (16)
- May 2009 (12)
- April 2009 (2)
Real Estate Miracle and it Happend the Day Before Thanksgiving.
Nov 25th 09
Miracle in Real Estate
Miracle? Yep I think so. Investment property miracle is what it really turned out to be. If it wasn’t a real estate miracle it was sure a great deal on a sweet little investment property. 57% of asking price is great in my eyes!
Last week I found a sweet little investment condo for a client of mine. This guy had his eye on a newer condo complex in Parker Colorado for over a year. Last year 1 & 2 bedroom properties were selling for between $90,000 and $110,000 in this complex. Just a little too much to cash flow so we kept watching the prices fall through the summer.
When I called him last week we ran over and looked at 6-8 of the available units and were searching for the best deal. Anyway we ended up finding a 2 bedroom, 1 bath unit without a garage that the bank had begun to make repairs on but had not finished. It came with all the appliances, AC and a nice main level patio which gave the unit double entry access. Perfect for a roomate situation if needed.
The bank was asking $95,000 which we knew was high in any market. He offered them $55,000 and they took the deal straight up. No counter no nothing. We were shocked to say the least. I’ve helped clients get great deals before and been amazed by some of them but this was an all time record.
“That was 57% of asking price!”
I’ll take two please!
Leave a Reply
Social Networking Profiles
Wow! Congratulations, Steve!
Persistence, patience, and having a great real estate agent like you pays off!