Tag Archives: colorado investment

Bank Owned Houses, is Cash King or Not?

Southern Colorado, Pueblo and Canon City have their share of bank owned properties. But it’s a competitive market and sellers are pulling out all the stops to get the buyers attention and stay competitive. Ultimately any seller will receive cash, depending on the circumstances. But cash is King and time is leverage. Cash offers can sometimes close more quickly than a financed offer.   Does a cash offer get a better deal on Bank Owned Property? 2010 Year End Stats: *Pueblo MLS: 182 Cash closes          List price vs Sold price   Avg 90.99%- 92.91%        highest 134.74% 270 Financed Closes List price … Click For More

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