I know that the last couple of years have been a dream come true to some Denver area real estate buyers and yet for some sellers, a nightmare. That is the times we are in right now.
However, the times they may be a changing.
In some neighborhoods, the real estate market is improving and in many others values have at least flattened out some. We’re still volatile and there’s no crystal ball for the future, but conditions for buying are still pretty good right now.
For some, taking advantage of this market and buying a home now is a wise decision. Buyer’s negotiating power is still strong in most cases and I am starting to see an influx of new investors considering Denver real estate as a sound investment.
If you are qualified to buy a home for yourself or as an investment and haven’t, then here are just a few things to consider that should get you off the fence.
5 Reasons To Buy A Denver Home Now
1. Unbelievably low interest rates – Mortgage rates are at historic lows which makes owning a home way more affordable and as importantly, qualifying for a loan much more attainable. It is important to speak to a reputable mortgage broker to find out what you can qualify for and then make a decision of what is truly within your means.
2. Incredible selection of Denver homes – Inventories are flattening out in the Denver real estate market yet there are still tons of distressed Denver area home opportunities as well as motivated sellers willing to negotiate.
3. Home Prices are great – Pricing in the Denver real estate market generally echoes pricing of several years ago, prior to this current slowdown. Great news for buyers and investors looking to turn back the clock on values in Colorado.
4. Possible Tax Advantages – Interest on mortgages and the tax deductions on property that may be available to you can significantly impact your bottom line. Contact your accountant for tax advice.
5. Long term security – Hard for many to believe that real estate can be a path to security, especially if they are taking a loss right now. However, historically real estate ownership held over longer periods of time has proven to be a path to wealth and security more than most other sources. True for investors as well as individual homeowners needing a sound and solid home to fall back on.
So, if you haven’t yet taken advantage of the current Denver real estate market and instead have thought maybe I will soon when things get better, worse…or any other reasons, then it could be time to get on board for you. Interest rates will rise, FHA and other lending rules are changing now, making loans more difficult. Denver home inventories are stabilizing which will change supply and demand and possibly reduce your options. If you can think, yes I know this is a good time to buy or invest in the Denver real estate market, then this could be the time to start making that a reality.
Other Denver Real Estate related articles:
What is the Best Highlands Ranch Neighborhood?
Title Insurance in the Real Estate Contract
Click Here to Search All Denver Real Estate
Steve Scheer, REALTOR®
Denver Realty Partners –
For More Info on Denver & The Suburbs:
Highlands Ranch Real Estate
Greenwood Village Real Estate
Denver Real Estate
Lone Tree Real Estate
If you would like more information on the Denver area or more information on Denver real estate, contact Steve at 720-849-6101.
{ 2 comments… read them below or add one }
I work for a vertical search engine, and just took a peek at home prices in Denver, CO – There are over 35,000 listings offered at a range in pricing.
Sarah,
First – Thanks for stopping by & reading my blog.
While there are many homes for sale right now, your numbers on your vertical search engine, that you linked to a search do appear to be inflated. First, I switched your sorting to by price instead of relevance – right away there are repeat listings – #1 & #4 are repeats and #7 & #8 are repeats as well as #9 & #10 and #19 & #20. I didn’t go farther than that. I also have to wonder if there are old listings on here, if it includes rentals (which the About page on your site suggests it may) and FSBO. Which I have no problem with FSBO but my data is based on MLS listings, so its not a true comparison. I am also wondering in your search was all of Colorado including the Springs, Fort Collins and Greeley – I just took a look at the Denver Metro area and there are around 22,000 active residential and condo listings. If you through in Boulder and Longmont in brings it up to about 25,000.
I will let link the link in the comment stand today since its relevant to your comment and my response but will be un-linking it in the near future as links in the comments aren’t really necessary since you have one in your name as well. Thanks for commenting though and telling us about your company.