Colorado Springs Vintage Homes Blog
Colorado Springs Real Estate, Colorado Springs Real Estate Investments, Colorado Springs realty
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Archive for October 31st, 2009
Banks, how low will they go?
WHAT CAN I EXPECT TO PAY?
For a FREE List of Foreclosures email Kathy Torline at KTorline@msn.com
I am consistently asked by buyers how much they can expect to pay for a Colorado Springs foreclosures. My research shows that short sales and foreclosure sell for right around 97% to 99% of the list price. If you think you will get a C
olorado Springs foreclosure or a Colorado Springs short sale for 50% off, you are wrong and wasting your time. These homes are already priced aggressively and ready to move. When you look at the SOLD price for the different categories, bank-owned home sold for 31% less than the “normal” sales in Colorado Springs Here’s a quick recap of September Sales:
Colorado Springs Foreclosures September 2009
- 114 Foreclosures Sold (14% of the total sales for the month)
- $147,189 Average Sales Price
- 99% Sold for Price vs. List Price
- Average days on market: 58
