There is good news to be found in a recent report out of the Colorado real estate market. According to the Colorado Division of Housing the number of foreclosure filings were down by 1% for the first four months of 2012. That translates to foreclosures falling from 8,476 at this time last year to 8,395. Foreclosure auction sales were also down by a whopping 29% during the same time. Clearly this is an indication that the Colorado real estate market is on the mend but that doesn’t mean it is out of the woods yet. There are still plenty of signs around the Denver area that show foreclosures are still prevalent. One way to truly turn around the foreclosure market is for savvy investors to make smart choice and buy up foreclosed properties.
The reason to investigate foreclosed properties is that you’ll be able to make a quick sale that is more of a benefit for the buyer and seller. By the time a property has officially become foreclosed upon it is now the responsibility of the bank or lending company to get rid of it and a want to get rid of it fast! That means you can make a pretty decent offer on a home you might not necessarily have been able to afford several years ago. There are those who are investing in foreclosed homes strictly as rental properties. This can create a very positive revenue stream as more and more people are looking for rental properties. One thing that shouldn’t dissuade you from deciding on a foreclosed property is the condition you find that home in.
Too often a foreclosed home has become neglected because it was abandoned by the previous occupants. A lending company isn’t going to have the time or the wherewithal to take care of the gardening or clean up the trash from inside a home. That’s where the services of a professional team of junk haulers like Junk King Denver can be of a huge benefit. If you can look beyond garbage as to the true value of the home then all will take is a phone call to those junk haulers to help get that home back in shape.
If you close the deal on the property and want to get it back on the market quickly either as a rental or as a potential sale then you wanted to clean the place up as quickly as possible. The professional junk haulers at Junk King might not need more than a few hours to sweep through a home and toss everything out. Cleaning up a foreclosed home is actually easier than cleaning up your own home. That’s because in a foreclosed home literally anything that isn’t nailed down can be thrown away. As soon as that has been accomplished you can bring in your crew of painters and other handyman to make any needed repair. It’s conceivable with all this help that the foreclosed home can be turned around inside of a week and be ready to put back on the market. That’s a smart investment!