Monday, August 16, 2010
Low prices and real estate advertised as “bank owned” is drawing increasing attention to Steamboat Springs.
Steamboat Today’s article talks about our foreclosure market. Correcting the paper, Eliese is an owner with Colorado Group Realty, and one of our experts in the Steamboat foreclosure and short sale process.
The desire of those wanting second homes in Steamboat Springs at a significant discount outpaces the interest of real estate investors. We have foreclosures, short sales and distressed sellers, but properties are not exchanging hands at prices where investors looking for rental income can cash-flow a home or condo purchase.
Unlike many other areas in the country, Steamboat Springs perceived value is driving our summer sales. Steamboat is on sale right now, and a strong desire for our lifestyle should force a quick turnaround when other markets begin to recover.
There have several high-dollar foreclosed properties sold in the past few weeks. For the complete report and facts on Steamboat Springs foreclosures and bank owned real estate,call Dean Laird at 877-678-0884.