This week as usual there is the weekly update of sold properties and under contract properties for the last 7 days in the Montrose Area, plus the first 3 quarters sales numbers as compared to the last 3 years for the same period. This is the Residential Sales for the first 3 quarters of the year Jan 1 thru Sept 30                      # of Homes SOLD    # Bank Owned  Avg Days on Mkt  Median Sold Price     Pr/sq ft 2008                  387                                8                           151                     $195,000                 $122 2009                  304                               31                          155                     $180,000                 $115 2010                  284                               61                          171               ... 10/08/2011

Online Auctions.. Do they work ? It seems like in the past 3 years that there has been a big increase in the use of Online Auctions by Asset Management companies like Freedie Mac, Fannie Mae and others to dispose of some of their foreclosed homes by using online auction sites. Since I list a number of foreclosed homes and also sell a number of foreclosed homes I have had some experience with online auctions. There are mainly 4 companies that seem to be used by these asset management companies, they are Auction.com Williams & Williams RealtyBid Hudson & Marshall There are others but these seem to be the main players.  As a buyer looking to make an offer on an online auction you can and should most definitly have a realtor register you and act as your representative in the transaction. Us... 10/07/2011

How Does a Reverse Mortage get foreclosed on? A few weeks back a long time client and friend of mine asked me how a property that has a Reverse Mortgage on it,  was going to be foreclosed on. The reson he asked me this question was because he had heard it was going to foreclosure and he may have an interest in buying it once the mortgage company owned it This is something I had not thought about before or been asked, so I searched on the Internet for the answer, this is what I found out. A Reverse Mortgage becomes due and payable when one of the following happens. 1.  The borrower sells the home. 2.  The borrower moves 3.  The borrower dies. 4.  The borrower does not pay the Taxes and Insurance 5.  The property is in disrepair and the borrower cannot make repairs. 6.  If the borrower mo... 10/06/2011

Montrose Colorado List of Foreclosures For Sale Under 200k Oct 3 2011 This is the latest list of Foreclosed Homes that are currently for sale in the Montrose area that are priced under $200,000 if you would like the list of homes that are bank owned over $200,000  contact me and I will e-mail you that list. This list is forever changing. I have the ability to e-mail you automatically every time a foreclosed home is list for sale within minutes of the home being posted for sale on the Realtors MLS system. If you would like to be added to the list of buyers who receive an e-mail as soon as a foreclosed home becomes available send me you name and e-mail address and I will add you. Alan Brown 970-209-8436   alanbrownrealtor@gmail.com      If would like more information on any house on this ... 10/03/2011

Here are the sold properties and the under contract properties for the last 7 Days in the Montrose Area Since the 3rd quarter just ended, next week I will also post the 3rd quarter stats for 2011 compared to 2010. This information comes from the Montrose Area Realtors Information Network. If you have any questions or you would like other information not shown here contact me and I will provide you with the information that you need . Alan Brown 970-209-8436    alanbrownrealtor@gmail.com  SOLD Properties 63546      Maryland Rd           $36,000                  A foreclosed 1983 doublewide mobile included the lot.1568 sqft 237          N Park                      $48,000                  A foreclosed 1244 sq ft home 3 bd 1 ba 14375     6360 Rd                    $69,500                  ... 10/02/2011

The Zappa Team Montrose Colorado Real Estate Experts have closed escrow on this lovley home in the country in Montrose Colorado. This 2 story home on acreage with a horse facility will be a great home for new residents in Montrose Colorado. If you are relocating or need to buy or sell a home, call The Zappa Team, Montrose Colorado's Real Estate Experts!! 07/29/2011

Well here we are part 2 of I love HUD or as someone else said DUH. The thing I really enjoy about HUD is the great communication network that is available. You can usually geat a response to questions, or an email answer back in the lightening fast time of 24-48 hours. This is espically wonderful when after 2-3 days of waiting to see if your bid is accepted, you get apackage that allows about 15 days for due diligence. Well in my other post about inspection issues Don' t you just Love HUD!!! I explained our situation. Now 2 days after termination I get a call from the Region 6 office to answer my questions and address my concerns about the inspection of the property-mainly the water issue. After I explained my client was willing to spend the additional $300 dollars for a pressurized wat... 06/25/2011

I do not know how your market is but Montrose Coloradois certainly different from anything I have known. We are dealing with buyers from $56,000 to $1,000,000 and all points in between. People are looking for the deal of a lifetime and in some cases they are out there. The foreclosure and short sale markets are interesting to say the least and sellers are still declaring "I'm not giving it away", while buyers are saying lowball it and if it doesn't stick we'll move on. The Market in Montrose Colorado has qutie a few properties under 100,000 for the first time in a few years and I think our market is still in correction. How goes it out there in other areas. The Zappa Team in Montrose Colorado has been challenged in some of the "new ways" things are being done and putting in long days. W... 06/22/2011

Here is the latest news article from our friends at Fidelity Title. Brought to you by The Zappa Team Extraordinary Realtors in the amazing city of Montrose Colorado.      Top NewsB of A sees big response to 'hardest hit' programsMarketWatch - - Bank of America Corp. (NYSE:BAC) The bank said it has begun working with homeowners and state and federal authorities in all 18 states that qualified for the Treasury Department's Hardest Hit Fund.FDIC: 12% of banks lacked adequate capital cushion in Q1USA Today - - That proportion is about the same as in the October-December quarter last year, though the increase in the number of banks on the Federal Deposit Insurance Corp.'s confidential "problem" list is slowing. Market NewsMortgage Applications Increase in Latest MBA Weekly SurveyMortgage Ban... 05/27/2011

    MONTROSE, COLORADO WEEKLY REAL ESTATE MARKET REPORT- MAY 8-14, 2011     Properties SOLD for the week of MAY 8-14, 2011 * In the Montrose, Olathe & Cimarron Areas   $52,000  901 6530 Road, MONTROSE, RESIDENTIAL $62,000  1814 E. OAK GROVE ROAD, RESIDENTIAL $109,900 TBD KINIKIN ROAD, MONTROSE, RESIDENTIAL $123,900 1216 HEMLOCK, MONTROSE, RESIDENTIAL * FORECLOSURE * $159,900 61758 FALCON ROAD, OLATHE, RESIDENTIAL   $220,000 62270 NORTH STAR DRIVE, MONTROSE, RESIDENTIAL $233,000 1217 PEPPERTREE DRIVE, MONTROSE, RESIDENTIAL $347,000 3502 CONGRESS, MONTROSE, RESIDENTIAL $2,500,000 CR 867, CIMARRON, FARM AND RANCH Week # ........... Properties Sold .......... Median Sold Price .......... AvgDOM   #18, 2011 ********  09  **************** $159,900 **************    233 #18, 2010 ********  08 ... 05/16/2011

  The Zappa Team has closed escrow on this Peppertree Townhome in Montrose Colorado.   This well constructed 2 bedroom 2 bath town home at Peppertree in Montrose Colorado is situated in the middle of everything. Close to shopping and activities this wonderful brick home has everything needed for maintenance free living in Montrose Colorado.           Our Clients are excited about their new home and cant"t wait to personalize and make their own.                   If you are looking for Real Estate Experts in Montrose Colorado call The Zappa Team, they have the experience, knowledge, and expertise to make your purchase or sale a great happening.               Relocating to Montrose Colorado? Call The Zappa Team, Montrose Colorado's relocation and Real Estate Experts!! nick@zappateam.com      05/11/2011

The main attraction in Montrose, Colorado may not be shopping.  So, it’s a good thing I’m not much of a shopper.  We do have of a few big box stores, like WalMart and Home Depot.  We also have couple of relatively new shopping centers, Oxbow Crossing and River Landing with Target, J.C. Penney, Sports Authority, famous footwear, and the Natural Grocer, and a local favorite, The Looney Bean coffee shop.  Oxbow Crossing is where you'll find a medley of specialty stores and restaurants, along with a couple of fitness centers.  But my most favorite place to shop in Montrose is . . . believe it or not . . . Murdoch’s Ranch & Home Supply! If you’re new to Montrose, Colorado, or even just visiting and have never been to a Murdoch's, be sure to stop into this store.  It does have, in fact, a gre... 03/27/2011

Yesterday, at the weekly Montrose Association of Realtors meeting and tour I heard a presentation from Scott Shine, Assistant City Planner for the City of Montrose, CO and the Montrose Improvement Team (MIT). The presentation was to designed to inform the association of all the projects that the Improvement Team is a part of currently. Projects completed have been improvements to Cerise Park, The Pavilion, the River Corridor, the Senior Center, the Skateboard Park and more. Currently, more than half the funds in the coffer comes from grant contributions. They have a part time grant writer that is employed to seek additional grants. They have approximately 9 million dollars in this fund currently, which is allocated to projects like, Grand/Rio Grand, Woodgate/Ogden Rd intersection improv... 03/25/2011

This great free standing Patio Home in Montrose Colorado has just gone under contract.     This is a maintenance free home with great access to all the amenities and 3 bedroom 2 bath to boot. The Zappa Team is working very hard for their sellers and look forward to closing another great property in Montrose Colorado.           Relocating to Montrose Colorado? Call The Zappa Team, Montrose Colorado's Relocation Experts. nick@zappateam.com 03/21/2011

The Zappa Team has closed escrow on this 40 acre farm in Montrose Colorado. What a great property and happy buyers, thats what this business is all about.   This property features 40+ acres of farmland with really good irrigation. Alos garden, fruit trees and beautiful views of the San Juan Mountains. Our buyers are so excited to get to Montrose Colorado and take the next step on their journey.   They have plans for horses and just generally working the ground, what a great way to retire early and enjoy one of the best areas in Colorado---Montrose. If you are relocating to Montrose Colorado call the Zappa Team Montrose Colorado's Relocation Experts. 03/08/2011

So I was sitting in my office working on some listing information for a client and our Broker Owners wife who runs the office pokes her head in. She says,"missed you at the staff meeting this morning", oops, we got up really late and just needed to take our time getting into town (we are 15minutes out, it was -6 degrees and to cold to go out). Well she says "I have something for you", oh yeah I say, Yes "you were top sales for the third time this year,  November, here is your award. I was again shocked as we are one month behind in these awards and I had no idea it was coming. A pleasant surprise after a frustrating day. This is not a competition it is just a recognisition for our agents. I was blessed last year and won the award 3 times. I hope this years proves to be successful as wel... 01/12/2011

It looks like the real Mr. Winter has shown his face.                      Woke up to -4 degrees and over a foot of new snow. We live at 6600 feet on a canyon rim and are truly blessed.                         The only tracks were mine and some deer and rabbits. The sun was just coming up and clear and crisp took on a new meaning.                       It will be incredable when the San Juan mountains are visable and all the new snow that cover's them will magnify their beauty. If you ski or board this is where you want to  live!                                                                                         01/10/2011

Check out this beautiful Montrose, Colorado mini farm on Spring Creek Mesa. It was a really good buy and we have happy Buyers!                     This property was closed in 17 days with a Rural Development loan. Great program if your area qualifies. This looks like our last deal for the year unless that elusive cash buyer shows up this week. Hope you all have a great Christmas and Janurary kicks off strong. 12/20/2010

We closed escrow on this great home in Bear Creek in Montrose Colorado. This was a foreclosure that was a great buy and hasslefree. Our client is very happy which makes us very happy.                     If you need help with Montrose Colorado Real Rstate call on the Zappa Team. We know the market!!!   10/30/2010

Well here we are right in the middle of trying to get our clients a home. What is the big deal you might ask?   I have clients that found a REO property and are really excited about getting it closed. Here lies the problem. The property is listed by an agent outside of our MLS 2 hours away working with a title company 200 miles away and we can not get a MEC from the asset company Fannie. I wish these asset companies would help us out here and use local Realtor's and title companies. I realize they are busy and have a lot on their plates but heavens to Betsey, it might save some time and money to get it local!!!!! Our office just closed a deal with the same companies and it was a nightmare for everyone. Does it have to be this way? I say no way jose, get it local, come on you banks get i... 10/19/2010