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___________________________________ What’s new in the Durango real estate market with the changing of the season…and winter just around the corner? * What has sold in the last week? 4 Homes have sold in the last week. 1 was in town, the other 3 were in rural areas of Durango. -The average sold price: $369k. (gone [...] A couple of days ago the Durango Herald published an article on short sales and what to do if you need to sell but your home is worth less than what you owe on it. One option is something called a “short sale.” And don’t let the name fool you. This type of sale is [...] The 3rd Quarter statistics are out, as expected, Durango is seeing a decline in sales price, though not as high as other areas. Sales are picking up a bit again, not so much in the statistics but definitely in the sales pending numbers, which is an excellent indicator for future sales. I expect the sales [...] Buying a property at Foreclosure Auction A. Find a property you like 1)Look through Durango Herald public notices, published every Thursday. www.durangoherald.com 2)Websites – like foreclosure.com and foreclosures.com, trulia.com, often not up to date or accurate, some have pictures 3)Best – check Durango Public Trustee’s website: http://ptforeclosures.laplata.co.us/index B.Research, Research, Research 1)Buying a [...] I recently held a little seminar on “How to buy a foreclosure property in Durango” at our local Durango Real Estate Investor’s chapter, called IRIN Durango. We meet once a month on Thursday evenings to trade information and listen to a speaker. For more informationon this group click here. I will share with you my [...] |
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