“Short sales dominate the market!” That’s what I keep hearing, and maybe you do too.
But I have a message for home buyers and home sellers in Arvada, Colorado – it simply ain’t true here.
Please, don’t get your real estate ‘facts’ from the national news.
Just five minutes ago I did a little research – in the past month, 146 homes sold in Arvada. If you’ve been getting your real estate info from the national news, how many of those would you guess are short sales? How many would you guess are bank owned (foreclosures)?
Go ahead … pick a number.
Now, I’ll tell you the answer – only FIVE were short sales, and only THIRTEEN were bank-owned! If you add them together that’s 12% of the market.
Now, I do wish there were no short sales or foreclosures. Even 12% is too many. I do wish everyone who wanted to own a home had a job and could pay their mortgages, and had equity in their home to boot. But for now, I can say I am happy to report that here in Arvada, Colorado short sales DO NOT dominate the market!
I also took a look at the homes currently for sale in Arvada – there are 493. 68 are short sales and only 10 are foreclosures.
If you’re wondering, “What’s a short sale?” read more about short sales here.
If you’re upside down on your mortgage, and are unable or will soon be unable to make the payments, a short sale may be the right choice for you.
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I write posts on real estate issues and local events in the Denver metro area, especially those *communities between Denver and Boulder, as a public service. My hope is to give people an idea of the ‘flavor’ of our community, in case they’re new or moving to the Denver area.
I am a residential real estate agent, happily helping folks buy a house or sell a house in the beautiful and friendly *suburbs northwest of Denver.
*Arvada, Broomfield, Lafayette, Louisville, Superior, Westminster; also Thornton, Golden, Wheat Ridge, Northglen, Lakewood
I do tire of writing profiles about myself, I'd much rather talk about you! So please email or call me sometime.
And if you're looking for someone to maybe help you buy or sell a home in the vicinity north of Denver, Colorado and you'd like to learn more about me, visit my website, DreamHouseHunting.com.
If at least a little info would be helpful, I've lived in Arvada since 1993, I've been a licensed, full-time real estate agent since 2001. You can read some past clients' testimonials on my website.
I hope to hear from you soon!
Joetta Fort, Broker Associate
Equity Colorado 