You have your future house under contract…next you get the home inspected.  You see the report and it reads in a language you don’t understand but all you can tell is it looks BAD!  Ahhhh…
Okay, first…Breathe.  It’s okay, relax…let’s review.
* Don’t worry when you read ….”appears serviceable”
What does that mean?   Sounds like “needs work” but actually [...]

Here is a story taken from Gary Keller’s book “Shift” – how top real estate agents tackle tough times. I felt this little blurb would be good to share with you.
—
In a recent interview with a top agent in Massachusetts, I asked how things were going in his local area. “Our market is really a [...]

Blue Ribbon’s Weekly Market Update:
Busy Busy Busy…the holiday weekend last week was a little quiet but ever since we’ve come back to the office, it’s been double the work load!
We are here and ready for action.  Seems like the phones are ringing and buyers are looking.
* What has sold?

13 Homes have sold in Durango in [...]

As you might have guessed, foreclosures and bankowned homes are on the rise in Durango, see today’s Durango Herald article.
This is a sad development for the families and homeowners. If you know anyone in this predicament, please tell them there is a free legal service that can help avoid foreclosures in Colorado. 4 our of [...]

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 complicated [...]

  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 foreclosure is risky business, doing proper [...]

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 brief [...]

International Really Investors Network forming a chapter in Durango. Talk about buying foreclosure properties and investment opportunities in Durango real estate scheduled for tomorrow evening.
The vision of the International Realty Investors Network is to provide information, contacts, education and an effective advertising forum to support Real Estate Investors, Real Estate Professionals and others interested in [...]

Be optimistic, real estate has positive growth numbers again, we are poised for the Turn Around, not just for Durango Real Estate.

BEFORE YOU BUY A FORECLOSURE, get answers to these important questions
Before you make an offer to buy a property in foreclosure, consider your answers to these 4 questions.
1. What’s the first thing a buyer should do?
As a popular movie once said, “Show me the money!” Do you [...]