If you are looking for a home in Denver, now is still a good time to buy. There are a thousand reasons why people will tell you not to buy now, but in reality they aren’t good reasons. Not now anyway. If you are a Denver home buyer just find a home and buy it.
The biggest reason now is still the time to buy is that the real estate market has changed. Yes, a year or two ago it was a buyer’s market and biding your time was probably a good strategy. Today and for the first time since 2005, Colorado’s real estate market is a seller’s market. That means that the seller, not you the buyer, has a bit of the upper hand. Yes, there are still good properties for sale, but sellers know that they can finally be a bit pickier and hold out for the best offer. They also know they can price their home a bit higher than in past years. That isn’t going to change anytime soon either.
That’s not to say that there aren’t good deals to be found. The fact is the even better ones that were around a year or so ago, aren’t, and the ones that are here today will be gone and won’t be back. Prices today are still reasonable and somewhat easily found. Contacting a Realtor will give you a chance to see what is out there.
One of the other reasons people say that now isn’t the time to buy is because the banks aren’t lending. That would be bad advice. Interest rates are the lowest they have been in decades. The mortgage market is very competitive and yes, banks are lending. Many of the loopholes have closed that allowed people to purchase homes they couldn’t afford.
That is a good thing as it will keep the housing bubble debacle from happening again.
Now is definitely the time to buy in Denver Colorado. Don’t wait, give us a call today! Tena D 303-452-5853