Foreclosures in Colorado and for Sale by Owner

What do foreclosure, the state of Colorado, and "for sale by owner" have in common? More than you might think! Colorado has the third highest foreclosure rate in the nation for the first quarter of 2007, and with more than 6,000 homes in foreclusre, home owners on the margin may wonder: how can I save my house from foreclosure? For sale by owner, or FSBO, may be the answer.

It may be a challenge, but selling a home For Sale by Owner, or FSBO can save homeowners in Colorado from foreclosure. Real estate agents and their agencies charge a large commission for their services, and sellers can replicate these services with for sale by owner in order to avoid foreclosure. Let's say a seller is selling their house for $200,000, and in order to get a real estate agent to help, the owner has to pay them 6% of the purchase price of the home. That is $12,000! Wouldn't most owners do for sale by owner to save $12,000 and foreclosure?

To sell a house as a FSBO and to prevent foreclosure, there are a few steps Colorado sellers will need to take. Keep the home clean for showings. No buyer wants to walk into a dirty for sale by owner house. Take great pictures for marketing the home that is for sale--remember, avoilding foreclosure is key, and Colorado homes have great views as well. If the pictures are clear and at a good angle people will be more interested in the home, preventing your foreclosure. Make a flyer that emphasizes all of the qualities of the house for sale, the property, the great Colorado schools, the shopping, and the area in general. Put lots of color pictures in the flyer if at all possible to help with for sale by owner and avoiding foreclosure.