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Specializations in Real Estate

Real Estate can be confusing. There are a lot of different moving parts, as well as a lot of different people involved in various different transactions. In this blog I will explain the different specializations within the Real Estate industry. Real Estate Investor– An investor of real estate that buys and sells real estate. Typically investors will purchase homes, make repairs/improvements, and then sell the house for a profit based on the added value of the property. Investors look to improve neighborhoods, while also getting families out of tough situations fast before their home is foreclosed on or before they end up in a worse situation. Investors will also offer a fair price for any home for someone that is looking to sell their house quickly, or get cash for their home. Investors also work with people that don’t want to pay broker and realtor commission fees with the sale of their home. Realtor-A member of the National Association of Realtors. Realtors make their living by getting a commission of the sale of homes. Real Estate Agent– This is a broad statement reflecting that the person you are working with is going to represent you in a real estate transaction. Broker-Also licensed by the state, a Broker is required to have additional education to be able to manage real estate brokerage. They can be the financial institute facilitating the buying/selling of real estate between a buyer and a seller, or the person who acts as an intermediary between sellers and buyer. Brokers typically have commission fees for their services. Salesperson-Someone licensed and employed by a broker who conducts brokerage activities on behalf of the broker. Appraiser-Professional who makes a judgement or estimate on the properties market value. Financing– Business that provides funds for the transaction typically though mortgage loans. Home Inspector– Experts in real estate, construction and/or engineering that conduct thorough inspection of the home and provide detailed report to both buyer and seller. Real Estate Counselor– Professionals that provide advice, counseling and judgements to help you with the purchase of, use of, or investment in real estate. Real Estate Lawyer– Lawyer specializing in Real Estate. Our goal as Real Estate investors is to help families that want to sell their home fast, for cash. We are cash buyers looking to invest in your home and your family. Please give us a call. We would enjoy the opportunity to...

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Contact Us, Sell Your Home FAST!

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When You Cant Pay Your Mortgage

A lot of families are going through a hard time right now given the economy. In case you are not familiar, here are different options that are available through various different organizations. Contact your lender: They may be able to make adjustments to your payments. Contact them as soon as possible, whether you are caught up or behind on your payments. Forbearance: Your payments can be reduced, or even sometimes suspended. This is an agreement between you and your lender. You typically would still need to bring the load current after the period of which your payments are reduced/suspended. This is a good option for someone that may be only temporarily out of work but expects to be able to pay the money back. Keep in mind this option will affect your credit. Partial Claim: Promissory note to U.S. Department of Housing and Urban Development with a lien on your property in which is due (interest-free) when you pay off the first mortgage or when you sell the property. This may be a good option for some, but may not be the best option for others that want get out from underneath debt and have a fresh beginning. Short Sale: An agreement with the bank that allows you to sell the home for less than what is owed to the lender. The bank may look at this as an option because foreclosure is costly and time intensive for them as well. If your bank reports the short sale to monitoring agencies, your credit typically will be damaged. Chances are you will not able to buy another home for 2 years. Rent property: You may be able to rent the property temporarily to get back on your feet. However, make sure to consider everything that goes into renting your property, as well as the risks. Pre-Foreclosure Sale: Allows you to sell your home for less than its worth and use that money to satisfy the loan even though its less than what is owed. Keep in mind there will be fees, and this can also negatively impact your credit. Deed in Lieu of Foreclosure: Basically giving ownership back the property to the lender. This will still effect your credit and allows the bank to take possession of your property sooner than foreclosure. Sell your home fast, for cash! As real estate investors, Mile High Residential Solutions is able to purchase your home...

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What is Greenhabbing?

In addition to our genuine desire to help families get out of tough situations, we also want to improve communities and keep Colorado green! Greenhabbing is the act of improving (rehabbing) a home to make it more eco friendly. When we make improvements to homes, we review many opportunities to improve the efficiency of the home. Colorado is known for its conscientious effort to improve the environment. Since we are a family business that takes pride in Colorado, we want to do the same! Read more about our greenhabbing here. There can be little things you can do around the home to make big changes to the environment. These include making sure you have eco friendly light bulbs, cleaning out your dryer lint catcher between uses, making sure your are using appliances correctly, and so much more. We not only want to help families out of tough situations, but we want to make sure to take care of our mother earth. We think this is important also for the future of the home. Please feel free to reach out to us if you have any questions. We would be happy to discuss in more detail....

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Realtor VS Investor

What is the different between Mile High Residential Solutions and a Realtor, you ask?   Here are the factors to take into consideration when reviewing the differences between selling your home with a Realtor versus selling your home to Mile High Residential Solutions.   Commission In order for Realtors to make a living, they are required to take a commission on the sale of your home. The amount of commission can very, but can range from 5-7% with an average of about 5%. If you are selling your home for whatever amount, make sure you deduct the commission from the amount of which you plan to sell your home. Now, we are not saying that commission is bad, but our business structure is different. We do not charge commission (or fees). We give you an exact amount of CASH you will have in hand when you sell us your home. When you sell your home through a Realtor, you may not know until the day of the sale how much you will actually be receiving in the end. How can we get away with not taking commission on the house? We profit from the added value of the home after we make improvements. Our business is to not buy and sell homes like Realtors, but to improve homes.   Time We are able to make an immediate investment in your home, which means we can purchase your home, FAST! Realtors have to list the home and wait for someone who is interested in purchasing the home. Selling a home quickly can be important when it comes to risking foreclosure or hurting your credit. Also, some people do not have the option to wait months for their home to sell. That is where we come in. We are able to buy the home fast for a fair price.   Money When you list your house with a Realtor, keep in mind that the amount the Realtor values your home at is typically not the amount of money you will receive after purchasing the home. Again, you will need to deduct the amount the Realtor will be taking for commission and fees as mentioned above. It is also common that your home will sell less than what the home is listed for. Depending on the market, negotiation could leave you with offers well below your initial asking price. Did I mention...

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Our Goals as Real Estate Investors

At Mile High Residential Solutions, our focus is to help families and improve communities through residential redevelopment. Our goal is to help families sell their home fast, get out from underneath a mortgage, and get into a better place. At Mile High Residential Solutions, we are investors that are able to purchase homes for cash. We look to invest not only in the future of families, but also the future of communities all around Colorado. For homes that need extra love, we take opportunities to make the home more eco-friendly after we purchase the home. We as a business profit on the added value of the home. In some situations, we can actually help homeowners repair their credit rating by catching the homeowner up on payments and continue to make mortgage payments for the duration of the contract. If a home is falling apart, has overwhelming repairs, or is in risk being foreclosed, we are here to help! Please give us a call!...

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