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Consequences Of Foreclosure In Denver For Homeowners

Posted on: August 18th, 2017 by , No Comments

consequences of foreclosure in denver

How can you prevent the consequences of foreclosure in Denver? What are your options?

The consequences of foreclosure in Denver could be a little difficult to bear if you go all the way through the process. If you’re trying to sell your house in foreclosure to prevent any bad consequences from happening but it may be harder than you expected. Especially if you run into any buyers that don’t want to deal with the process or aren’t interested in your property.

What will talk about in this article is the consequences of foreclosure in Denver, how to prevent them and what you may be able to do to help yourself out of this situation. Don’t beat yourself up in the end, you’re not the fit and you definitely won’t be the last.

Who Would Be Interested in a Denver House in Foreclosure?

There’s a lot of buyers that can get financing for a property in this market. Whether their first time home buyers or a couple looking for a vacation property to get away from the city, there’s a lot of demand for housing here in Denver. The only problem is most are looking for a house to live in as a personal residence. Most likely meaning they don’t want to solve any problems just to buy a house.

You may hear that now is the time to sell and it is. There’s not as much inventory as there was back in 2011-2012 at the bottom of the real estate market in Denver. With the increase of prices it also increases how choosy buyers are going to be. If they’re going to buy a house at records highs than it better be worthwhile to them.

You may already be wondering who can buy your house then if people are going to be picky and not want to deal with problems, right?

You’re not alone if you wondered about risking the last dollars you have to finish any improvements on the house will increase your chances of getting a high price.. A property in foreclosure makes conditions hard for sellers. No one likes to see their situation picked apart and criticized but that’s what most sellers in tough situations are facing right now.

Two Options to Avoid Consequences of Foreclosure in Denver

These are in particular for those who want to sell their house in Denver and would like to do so in the best possible way that’s a fit for them:

  • You can sell your house with a Realtor. This is only worthwhile if you have time, money or both. A Realtor can be a great way to attract many buyers but you need to get the best out of it. You do have to include a 6% commission and closing costs in the transaction. Most of the buyers coming to the open house will want a house move in ready or they’ll just pass. Depending on the timing of the market you can generally get a higher price after improvements and if you can wait for the right time. An agent will provide leverage in time as well so you don’t do it all yourself. They’ll assist with the paperwork and showings.
  • You can sell to a Real Estate Investor. A real estate investor is the end result of what you’re looking for. They won’t look for a buyer and charge a commission, they are the buyer! Think of investors as professional problem solvers. You’d be shocked to find out all the different situations, condition of houses and problems they run into. That’s because they must be knowledgeable about real estate and what it brings. Otherwise first house they look at that needs repairs or is in foreclosure they’d have to move along and wouldn’t be too much a benefit to the public. Plus, most if not all real estate investors love the before and after of renovating a house into a home to then sell to a new family. It’s part of their purpose to provide great quality housing. It’s another way to solve and avoid bad consequences of foreclosure in Denver.

Regardless of the outcome, we can help you in Foreclosure today!

With these two solutions provided above, we can help you or point you in the right direction to get your situation solved so you may be done with your house to move on to a fresh start. If you’d like to list with a Realtor, great! We can refer you to a phenomenal agent in town that specialize in the foreclosure process.

If you’d like to sell to a real estate investor, that’s great too because we are home buyers! We’ve helped many sellers in all sorts of situations and have seen everything you can think of as far as condition of the house goes.

It’s really up to you at this point. Whatever you decide, we look forward to seeing your situation solved so you can be relieved, move forward and live life to the fullest!

Give us a call or send us a message through our form today and see what your home is worth. Free consultation 303-997-2045!

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