New Listing Coming Soon To The Aspen Real Estate Market

Are you looking for a value in the Aspen area?  Interested in a bank-owned foreclosure?  A newer, bank-owned half duplex will soon be on the market.  It has 3 bedrooms, 3.5 baths and just under 3,000 square feet with a 2 car garage.  It has 3 levels with an elevator from the lowest/garage level to the 2nd level where the kitchen, family room, dining room and half bath are located.  The family room, dining and kitchen are designed in the great-room concept where everyone can mix and mingle.  The floor-to-ceiling windows provide encompassing views as does the large deck which is great for entertaining or relaxing with friends.  There is a small private back patio great for the hot tub.  A separate laundry room on the lower level and lots of storage for sporting equipment make it a great primary residence or vacation getaway on the Aspen Real Estate market.

This new listing is located less than a 5 minute drive into downtown Aspen and one could also easily walk or ride a bike.

Most of the mortgage companies have implemented a specific process of liquidating their foreclosed properties and this is no different in the Aspen real estate market.  If there are no other bidders at the foreclosure auction held by the Pitkin County Public Trustee, then the mortgage-holder ends up owning the property (subject to junior lienors).  The mortgage company most often transfers the management and sales responsibilities to an asset management company.   Asset Management companies are instructed to manage any necessary evictions, property preservation issues (minimal repairs and on-going maintenance) as one of the first steps in their duties.  The next steps are to obtain valuation opinions from real estate brokers (BPO=Broker Price Opinion) and/or appraisals.  Once those are evaluated the property is usually ready to be listed.  Until this time the mortgage company and asset management company will not usually consider any offers.  I tell my clients that this is similar to them obtaining a piece of real estate from an unknown uncle’s estate that is located in a foreign country they will never visit.  Would they consider or accept offers on a property that they have never seen and have no idea of the value?

Kim assists buyers in understanding the foreclosure process and how to navigate the negotiations and purchase of value properties in the Aspen and Snowmass Village markets.  She has 20 years of experience and promises concierge-level services and complete confidentiality.  She has closed 36 transactions in the past 12 months, knows the market and wants to help you find the perfect piece of paradise in Aspen or Snowmass.

Kim can be reached by calling (970) 925-7477 or (800) 883-1885.

Aspen:  605 W. Main Street, #4, Aspen, CO 81611 | Basalt:  23286 Two Rivers Road #21, Basalt, CO 81621