Foreclosures are a lot harder to come by

Foreclosures are a lot harder to come by

Foreclosures are a lot harder to come by

I'm Dan Polimino with ColoradoDreamHouse.com and this week's market update for the week of June 21st, I hope everyone had a great father's day weekend. Alright, this week, we're talking about foreclosures.

Back in 2006, Colorado was all over the news as leading the nation in foreclosures, both rate and the amount of foreclosures. Well, fast forward to 2010 and I'll tell you what, it's getting pretty hard to find foreclosures. It's either been bought up or they're just not coming back on the market, which are good things. It's even more difficult to find a good foreclosure and when we do, I'd tell buyers ahead of time that there is probably going to be two maybe even three offers going on at the same time and you could get into a bidding war, which most buyers don't want to do.

So I began counseling a lot of my clients and saying, hey, let's not focus in on foreclosures. Let's go after private sellers because we can probably find the house that you're looking for and a better price, with really no need to get into a bidding war!

Alright, this week's home, I want to highlight, it's 5740 Lambert Ranch Trail in Sedalia, Colorado. Check it out on my website at ColoradoDreamHouse.com. Here are the highlights. It's 12,000 square feet. It's newly built. It has all the high end finishes you want in a luxury home. It's on 10 acres and it's surrounded by 400 acres of open space, so it is truly Colorado.

The other thing is, we recently dropped at $500,000.00, so the price per square foot now is absolutely amazing. Again, check it out on my website at ColoradoDreamHouse.com. It's 5740 Lambert Ranch Trail. Alright everybody, have a great week!

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