Colorado Springs Vintage Homes Blog

Archive for October 1st, 2008

5 things to know about buying foreclosures

Do you want to find real estate bargains? 

Search for Foreclosed Homes in Colorado Springs

If so, you are probably going to look at vacant properties that have gone through the foreclosure process.

There are a fair amount of homes in the Colorado Springs area that are now REO’s, (bank-owned) and are vacant; they seem to be everywhere.   My experience with showing homes in the Colorado Springs area has been that at least 80% of these homes are NOT in good shape; but they are typically priced appropriately for their condition.  

Here are some pointers for Homes buyers in Colorado Springs considering buying a home that’s bank-owned and vacant:

1. Have your Colorado Springs Realtor seek out information on a home’s former owners.  The bank won’t Read the rest of this entry »

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