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Colorado Real Estate: Does It Rock?

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					                                       Colorado	
  real	
  estate:	
  does	
  it	
  rock?	
  
We	
  know	
  that	
  Colorado	
  is	
  known	
  for	
  Rocky	
  Mountains.	
  But	
  does	
  the	
  Colorado	
  real	
  
estate	
  rock	
  as	
  well?	
  Outside	
  of	
  foreclosure,	
  the	
  normal	
  Colorado	
  real	
  estate	
  market	
  
doesn’t	
  rock	
  that	
  much,	
  as	
  per	
  the	
  statistics	
  (and	
  when	
  we	
  compare	
  Colorado	
  real	
  
estate	
  to	
  others	
  like	
  Florida	
  real	
  estate	
  or	
  California	
  real	
  estate).	
  However,	
  there	
  are	
  
people	
  with	
  contrarian	
  views	
  as	
  well.	
  And	
  believe	
  me,	
  contrarian	
  views	
  do	
  
sometimes	
  get	
  huge	
  profits	
  for	
  you,	
  because	
  in	
  such	
  circumstances	
  you	
  will	
  
generally	
  face	
  lesser	
  competition	
  from	
  other	
  real	
  estate	
  investors	
  and	
  you	
  can	
  
probably	
  get	
  a	
  Colorado	
  real	
  estate	
  piece	
  for	
  much	
  lesser	
  than	
  it	
  actually	
  is	
  worth.	
  
However,	
  we	
  are	
  not	
  saying	
  that	
  Colorado	
  real	
  estate	
  has	
  performed	
  badly.	
  Though	
  I	
  
donít	
  remember	
  the	
  exact	
  statistics	
  but	
  Colorado	
  real	
  estate	
  appreciation	
  was	
  about	
  
5-­‐7%	
  only	
  which	
  is	
  much	
  lower	
  to	
  25%	
  or	
  so	
  for	
  Florida	
  real	
  estate.	
  Again,	
  when	
  we	
  
say	
  5-­‐7%	
  appreciation	
  in	
  Colorado	
  real	
  estate,	
  we	
  are	
  talking	
  about	
  the	
  state	
  in	
  
general.	
  So,	
  itís	
  quite	
  possible	
  that	
  there	
  be	
  regions	
  in	
  the	
  state	
  where	
  the	
  real	
  estate	
  
appreciation	
  is	
  say	
  25%	
  and	
  there	
  could	
  be	
  places	
  where	
  there	
  has	
  been	
  no	
  
appreciation	
  in	
  real	
  estate.	
  The	
  opportunity	
  is	
  always	
  there,	
  the	
  only	
  thing	
  you	
  need	
  
is	
  the	
  art	
  of	
  finding	
  the	
  Golden	
  deal	
  in	
  this	
  Colorado	
  real	
  estate	
  market.	
  	
  	
  
When	
  assessing	
  Colorado	
  real	
  estate	
  you	
  must	
  take	
  into	
  consideration	
  various	
  
factors	
  e.g.	
  you	
  must	
  assess	
  the	
  overall	
  economic	
  indicators	
  and	
  check	
  what	
  effect	
  it	
  
can	
  have	
  on	
  Colorado	
  real	
  estate	
  (both	
  in	
  the	
  near	
  term	
  and	
  in	
  the	
  longer	
  term).	
  You	
  
donít	
  need	
  to	
  be	
  a	
  financial	
  analyst	
  or	
  a	
  real	
  estate	
  guru	
  for	
  doing	
  this	
  assessment,	
  
you	
  just	
  need	
  to	
  keep	
  track	
  of	
  various	
  news	
  items	
  and	
  analysis	
  reports	
  on	
  Colorado	
  
real	
  estate.	
  Also	
  keep	
  track	
  of	
  the	
  mortgage	
  rates	
  and	
  laws	
  on	
  tax	
  breaks	
  (as	
  
applicable	
  to	
  Colorado	
  real	
  estate).	
  All	
  these	
  factors	
  influence	
  the	
  trend	
  of	
  real	
  estate	
  
anywhere	
  (not	
  in	
  just	
  Colorado).	
  Moreover,	
  you	
  will	
  need	
  to	
  hunt	
  for	
  Colorado	
  real	
  
estate	
  opportunities	
  by	
  going	
  to	
  public	
  auctions,	
  foreclosures,	
  teaming	
  up	
  with	
  
attorneys	
  for	
  information	
  etc.	
  Again,	
  remember	
  that	
  a	
  not-­‐so-­‐good	
  news	
  about	
  any	
  
real	
  estate	
  (be	
  it	
  Colorado	
  real	
  estate	
  or	
  Florida	
  real	
  estate),	
  doesnít	
  mean	
  that	
  real	
  
estate	
  investment	
  wonít	
  make	
  sense	
  at	
  that	
  place;	
  in	
  fact,	
  it	
  might	
  cut	
  down	
  the	
  
number	
  of	
  competitors	
  you	
  have.	
  

So,	
  if	
  you	
  feel	
  that	
  Colorado	
  real	
  estate	
  doesnít	
  rock;	
  you	
  can	
  probably	
  make	
  it	
  rock	
  
for	
  you.	
  There	
  always	
  are	
  plenty	
  of	
  opportunities.	
  	
  
	
  

	
  
	
  

				
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