It is a Great Time to Purchase a Home in Denver!
Reluctant Denver Homebuyers are Missing Out on a Great Opportunity!
The Rocky Mountain News recently published an interesting article that examines an epidemic currently plaguing the Denver real estate market. In Friday’s article, “Home buyers have cold feet in hot market,” RMN Reporter John Rebchook examines a trend plaguing the Denver real estate market– although home prices are low and inventory is plentiful, many prospective homebuyers are simply sitting on the sidelines, fearful that they will make a mistake. We don’t want our prospective homebuyers to miss out on one of the most optimal buyer’s markets in years, so TeamCox Realtors has been trying to cure for this epidemic for months. If you are a bargain hunter, now is the time to purchase a home in Denver.
We understand homebuyers’ uncertainty given the state of the national real estate market, but the Denver housing market is rebounding much faster than other cities’ markets. Last month’s S&P/Case-Shiller Home Price Index indicated that Denver home prices are faring the best out of the 20 metropolitan areas surveyed. Other strong indicators are that the pace of home sales is increasing, and the inventory of homes for sale has plummeted 15% from last year. A few more reasons to buy this fall include: mortgage rates are relatively low, sellers are willing to negotiate much more than they will next fall, and there are bargains to be found throughout the Denver metro area. One other thing to consider is that even if your home doesn’t sell for top dollar, you will easily make this amount up when you negotiate a fantastic deal on your new dream home.
In addition, if you are first time Denver homebuyer, it is imperative that you understand all of the changes that will be taking effect on October 1st - please click here to read our blog on this subject. You will need to act very quickly to beat this deadline.
Warm up those cold feet, and start house hunting! If you are sitting on the sidelines, waiting for the Denver real estate market to rebound, someone else is going to snatch up your dream home at a fantastic price. For more information on purchasing a home in the Denver real estate market, please contact TeamCox Realtors at 303-400-6060.
You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
