March is the preview of the prime home selling/buying market: The following quote attributed to an unknown source says it best “Denver is normalizing. Inventory is steady, buyers are shopping, and sellers are ready.” The March 2011 month end inventory of unsold homes is at 19,320 units, up 3% from last month and down 6%… [Read More]
FAQ’s about Short Sales in Denver #1
What is a short sale? A short sale is when a lender receives less than the loan balance when a home is sold, the bank is the one that takes the “short” amount. Each lender has their own criteria for accepting and processing a short sale. Why are some homes sold as short sales? A… [Read More]