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Free List of REO and Foreclosure Homes in Parker, CO
Jan 24th 12
Free Daily or Weekly List of All REO and Foreclosure Properties in Parker, Colorado.
You don’t have to be a real estate investor with magical inside connections to gain access to REO and Foreclosure Property. All you have to do its ask.
What is this list? It is a daily or weekly email of every new REO, Foreclosure or HUD home that is listed for sale in your desired area. I have the search setup so that it shows you homes that have been on the market less than 7 days. So New listings to the market.
There are two ways to see this list.
- Follow this link to the “feed” and see them there.
- Email Steven Beam with your request or fillout this contact form and I will setup a custom search and have the homes emailed to you daily, weekly or however you wish.
- Call Steven @ 303-941-4663
Here is a sample of what a typical email might look like. Click the photo to see a full size version.
Parker Colorado REO, Foreclosure Homes email
Tips on Getting a Deal on a Parker REO or Foreclosure
Nov 9th 11
Getting a deal on a Parker Foreclosure or REO is easy.
The calls keep coming with the same request.
“I want a deal on a foreclosure or REO property in Parker, Colorado.”
It isn’t hard to find the deal the problem is getting the deal complete before another buyer steps in and gets the house. Here are a few recommendations and tips for being prepared to capitalize on the next “Hot REO Deal.”
Buy a REO or Foreclosure
They are deals for a reason. REO or Foreclosure properties are generally listed below full real market value. That attracts a lot of attention and offers from perspective home buyers.
- Go see the REO or Foreclosure the day it hits the market. Early bird gets the worm hold true for real estate too.
- Have your money ready to go. By this I mean be FULLY approved. Not just qualified but approved for your loan.
- If you are paying cash have verification of finds readily available. You will need to show proof of funds on all cash transactions so move the money into the appropriate accounts and be ready to go.
- Banks love an offer where the buyer can close super fast.
- When a new REO or Foreclosure hits the market be ready that day to go see the house and make a buying decision or eliminate if from the list of potential homes.
- Some foreclosure such as HUD homes have a 5-15 day offering for owner occupants only. Meaning you must live in the house to make and offer during the first 5-15 days. Don’t waste you time looking at homes that you cannot even offer on unless you want to write and offer and hold it until the owner occupant period expires.
- Have your earnest money or deposit check handy. Also be prepared for the bank to request a certified check or money order for the Earnest Money or Deposit. Many times they want to know you have god funds.
- Don’t hesitate on making an offer. If it fits your budget, needs and return on investment numbers write the offer immediately.
- Chances are that if you like the home then someone else likes it too. You have to be quick to beat them out and get your offer in first.
- Schedule all of your inspections for a day or two after your offer is accepted. generally banks only aloow you 10 days to get all of your inspections completed. Plus if the property is a dud you need to be proactive and kill the deal and move on to find another foreclosure deal.
- Also be prepared to pay a small fee in the winter time to have the house dewinterized so you can do the inspection. Generally there is a fee of about $200.00 to have the home de-winterized and re-winterized. This is sometimes charged to the perspective home buyer. All they are doing is turning on the water, power and gas for the inspector.
Good luck.
I have a link that shows all of my investor clients and home buyers every new Parker, CO REO and Foreclosure as it hits the market. All they do is check the link daily to see what is new on the market and call me to set a showing.
Hot Real Estate Investment Deals In Parker Colorado
Apr 7th 11
Hot Deals in Parker CO Real Estate
Do you want the “Hot Sheet” with this weeks really awesome investment properties for Parker Colorado? Click Here.
We are currently working on a new program that we will have available soon for real estate investors. We all know that the real estate investor is going to be the saving grace of this massive real estate downturn. Investors are going to buy the properties that regular home buyers will not.
Check back over the next few weeks and feel free to attend one of our workshops. It’s FREE and it will be full of informative information about investment opportunities, techniques and several different ways to make money in this market.
PLEASE Send Steve Email or call me 303-941-4663 if you are remotely interested in attending this event. We are hoping to have something scheduled for the next few weeks but would like to gauge attendance so we secure a large enough place.
Current topic ideas.
- Fix and Flips
- Rentals
- Fix and Flips or Rent.
- Typical fix ups and typical costs associated with fix ups.
- Who does the fix up? We will have a highly seasoned fix and flip contractor on site with before and after photos that will show you real numbers for real jobs.
- 203k Streamline Loans
- Buying in your IRA. Self directed IRA’s are great for buying real estate. How much are you making in you old IRA right now? What if you could draw income from rental properties for life. I have guys making $60,000 a year off rents.
- Any suggestions?
“I’ve had several of my Doctor clients tell me they are sick of losing cash in the stock market. Give me an investment I can make a steady return on and I will take it all day long. “
There is a massive shadow inventory of homes yet to hit the market that the banks are either sitting on or simply have not foreclosed on yet. So will you be a buyer/investor and take part in the easy pickings and make great investments for your financial future or will you be the guy or gal at the party in 10 years saying “boy I could have bought those cheap homes but I didn’t.”
Prices are depressed 8-20+% in some areas so with the foreclosures and short sales hot real estate investment deals are relatively easy to come by.
Vacancy rates across the Denver Metro area are at all time lows. Record lows! Rent prices are up! Interest rates are Low! Homes Prices are low! This is exactly what our parents and every talking head on the NEWS and financial shows all preach is the absolute best time to buy? Your darn right it is. Buy low sell high.
Homes and condos are renting at amazing rates. Homes that were renting for $1,500 to $1,600 a month are now renting easily for $2,000 a month. Condos that were renting for $750 are now renting at $1,000 a month.
Remember all the people losing their homes to foreclosure and short sale still need a place to live. The fact is many of them dread the idea of going back into an apartment. Many of them simply cannot since they now have 2-3 kids. They all need homes.
The unfortunate ones that have lost their homes to short sale or foreclosure are no longer able to buy a home since their credit has been trashed. Most cannot buy a home for at least 3 years. Many cannot buy homes for 5 years.
I have access to amazing contractors for trashed out homes. Access to lenders that know how to complete the loans that can get your up to $35,000 for fix up costs. Lets face it 90% of the so called trashed homes on the market really only need a little cosmetic work to get them back into shape. I rarely see investors spend more than $10,000 to fix up a home to get it ready to rent.
Fix and flips are another possibility. As mentioned above. You can get up to $35,000 to help with fix up costs. Some investors would rather use their own cash and have complete control which is also fine. It’s not difficult to turn a $15,000 profit from a fix and flip property in this market. Many investors are doing much better than that.
I encourage you to call me or send me an email if you are interested. We are going to put this together but we seriously need to se what the community interest level is for this type of presentation.
If you are not interested but know someone that might then email them the link to this article.
Steven Beam is a Realtor, CRS living and working in Parker Colorado.
Want to Buy REO Foreclosure Homes? – Parker Colorado Real Estate
Oct 22nd 09
This is terribly funny and so true it hurts. Any real estate broker and buyer that has ever tried to buy REO bank owned foreclosures knows this is right on.
Also read-Frozen Pipes Bring Headaches and Lots of Water.
ENJOY!
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