It is still a GREAT time to buy a home.

Prices are Still Low.

Prices are still relatively low.  Multiple studies have declared that Denver will be one of the first cities to come out of the recession.  When that happens, home prices will start to go up. Although there is no guarantee when prices will go up, experts seem to agree that prices have bottomed out and we will start to see an increase soon. We started to see prices go up this spring because of the tax credit creating such a demand, but things have slowed and buyers can now offer less than asking price instead of more than asking price like we saw earlier this year!

Interest Rates are Unbelievable!

No one thought interest rates would decrease this year, but they have! Buyers should not in all good conscience pass up these rates!

Sellers Are Still Agreeable to Paying Your Closing Costs.

It is still a buyer’s market so buyers can still ask sellers to pay up to 3% of buyer’s closing costs. You can save thousands!

More Time to Find the Right One

This spring was crazy for buyers.  If you found the right home, you had to make an offer that minute before someone else came in and took it.  The tax credit created such a demand!  Now things have slowed a little so you can probably take a day or two to think over the property before you commit to it. Now you can be sure it is the right home for you.

Low Mortgage Rates Beat Tax Credit Incentive

Someone taking out a $240,000 mortgage today at a 4.42 percent interest rate could save $33,287 in interest costs over the life of a 30-year loan. That’s four times the $8,000 credit used by a first-time homebuyer who financed at 5.21 percent in early April.