Houses are on Sale!

So this home started out at 412,900, and is now at 350K, representing a 63K drop in price. It would easily comp out in the 390K range. All it needs is some landscaping and appliances. A buyer could put all of 7K into this home and get instant equity. It need nothing else.

So this home is now $899, which is a $100,000 price reduction from its original list price. It has never been lived in, as the builder was foreclosed on. It is priced signifigantly less than every other house in Timber Canyon, a high-end residential neighborhood in Castle Rock. On a $/SF basis, it is the lowest in this subdivision.

These are just two examples of the deals you can get out there right now. Nobody knows how long this historic "sale" will last, but if I were in the position to buy, I'd be jumping on the opportunity. Remember the old saying "Buy low, sell high?" To make money in the stock market you buy when the mood is gloomy and you sell when things are rocking. In real estate its no different. Nobody will ever be able to pick a top or bottom of a real estate cycle, but buyers have an unprecedented opportunity right now to build some solid future equity.

This Blog is dedicated to Parker Colorado Real Estate and Parker Colorado Homes, Elizabeth Colorado homes and land, Franktown Colorado homes, Castle Rock real estate, and metro Denver Colorado real estate property listings. Search the Denver MLS directly for properties and homes at http://www.coloradodreamhomes.info/ and access a huge real estate resource at http://www.coloradodreamhomes.net/