Category Archives: Flipping

Stop looking at the list price! It doesn't really matter.

By Spencer Barron | Published: September 3, 2009
Why is it that your typical buyer will always be locked in on the list price. They certainly don’t want to pay more than that, after all, it’s still a buyer’s market right? But the list price has nothing to do with what it is worth. Take the house I listed about [...]
Also posted in Buying a home, Denver Real Estate, foreclosures | Comments closed

Update on Renter's rights when rental is foreclosed

By Spencer Barron | Published: September 2, 2009
This isn’t new but you may not have heard about it. It’s especially important if you’re interested in purchasing properties in foreclosure down at the public trustee’s auction. It’s also an update on this post where unknowing renters were being evicted from the property even though they had a lease in place [...]
Also posted in Denver Real Estate, foreclosures | Comments closed

The main cause of Foreclosures in Denver….

By Spencer Barron | Published: October 21, 2008
The cause of many of the current foreclosures may be simply that there is no longer any incentive to make payments. There is no equity because there was no money involved for the home owners. There was none created by paying down principal, and there is no longer any more appreciation. It’s [...]
Also posted in Buying a home, Denver Real Estate, Fraud, foreclosures, housing bubble, pricing, statistics | Tagged , | Comments closed

Condo Conversions and the Dark Underbelly of the Subprime Mess

By Spencer Barron | Published: February 19, 2008
I just walked out of the second recent condo conversion in a month that I saw back on the market way at about 30% of what it had sold for.  It had been ‘flipped’ in 2006 by some investors.  In my humble opinion, it seems suspicious to me when large numbers of foreclosures show up all at once in [...]
Also posted in Denver Real Estate, Fraud, General Interest, foreclosures, housing bubble | Tagged , | Comments closed