Short Sale Houses in Fort Collins CO - July 2012

By
Real Estate Broker/Owner with New Paradigm Partners LLC EB #1326335

Here is the July 2012 Market Segment Report for Short Sale Houses in Fort Collins CO.

Short Sale Houses in Fort Collins CO July 2012

Buying a short sale home can be a difficult and trying experience - the buyer will have to deal with a considerable amount of uncertainty over an extended period of time and may wind up ultimately disappointed. But if the idea of buying a nice home at an attractive price seems interesting and you're not in a hurry, you might want to take a look at Short Sale Houses in Fort Collins CO.

The short sale segment of the Fort Collins CO real estate market is not a large one - there are currently only 45 short sale homes for sale, priced from $88,600 to $900,000, spanning a wide range of size, location, style, features and condition.

This segment of the Fort Collins CO real estate market so far in 2012 has been a bit slow – there have been 55 sales, with prices ranging between $55,000 to $930,000, with a median price of $180,600 and an average price of $222,279. Average days to get an offer for the homes that sold has been 172 days, with an average days on the market of 232 - these longer times are typical of short sale transactions. These 55 homes sold for an average of 95.8% of listing price.

Because there are frequent changes to the available inventory of short sale homes for sale, if you would like to follow what is happening more closely, please let us know and we'll set up an on-going search especially for you, with your own customized web site - you'll be notified as soon as new listings are posted.

Buying a Short Sale House is a unique experience - we have the expertise to help you through it. Give us a call and we'll explain how the process works, and if you would like to see any of these homes, we’d be happy to show them to you.

Posted by
Mary & Dick

Mary & Dick Greenberg
New Paradigm Partners LLC
2601 S. Lemay Ave. #41
Fort Collins, CO 80525
970-689-4663
www.maryanddick.com

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Rainmaker
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

Good morning, Dick -- while the concept of a short sale purchase may have appeal for some buyers(those who think they will get a "deal") --- the process is fraught with a level of uncertainty that goes beyond "normal" of most real estate transactions and can lead to disappointment.  That said and as you relayed -- if a buyer has time and lots of patience, they may find the home that is just the right fit for them.  It seems there are many choices outside the short sale segment to satisfy most Fort Collins area homebuyers today and that's a good thing for people who call you to assist them.     

Jul 20, 2012 07:22 AM #1
Rainmaker
735,409
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

That is a very small market in your area.  If I were buying a short sale, I would definitely want to work with someone who has a great deal of experience because they are so difficult.  Thanks, Dick.

Jul 20, 2012 07:48 AM #2
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Ron & Michael - Thanks for taking the time to look at my short sale market report for Fort Collins. We don't have many of these homes on the market, and they are much less of a bargain than they used to be, but still worth a look if a quick, easy purchase isn't a priority.

Jul 20, 2012 08:07 AM #3
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Debbie Reynolds
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730 - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Dick, The short sale market certainly attracts persceptive buyers but they need to know all the hoops they will need to jump through to actually close on one. I am hoping they will streamline the process.

Jul 20, 2012 09:22 AM #4
Rainmaker
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Belinda Spillman
Aspen Lane Real Estate Colorado - Aurora, CO
Your Colorado Real Estate Resource!

Dick,  With the increase in market activity in Colorado, we are seeing much fewer short sales down here in the Denver area. (thank goodness).

Jul 20, 2012 09:38 AM #5
Rainmaker
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Kevin B. Tolbert PA Team
Keller Williams Realty of Port Saint Lucie - Saint Lucie West, FL
New Home Construction and Luxury Specialist!

I still stand by it is the agent and not the transaction that makes or breaks short sales.  I have increased my efficiency to now under 60 days for all of mine with only 1 exception this year.

Jul 20, 2012 07:03 PM #6
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Good Morning Dick, I have seen a rise in new short sale listings but it is too bad most will end in failure as home owners still list with out of town or inepxerienced agents who botch the sale.  Have a great Saturday

Jul 21, 2012 06:13 AM #7
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Dick Greenberg

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