Sitting on the fence? Trying to figure out if it is time to buy Steamboat real estate?

I was at a real estate investment class recently, and the instructor asked, “How many of you think real estate prices in Steamboat will be higher in five years?“

Every hand went up.

Then he asked, “How many of you think the stock market will be higher in five years?”

Only a few hands went up.

There are certain buyers who were made for this Buyer’s market. They are:

First time homeowners. Get $8000 just for buying before December 1st.  For free.  That’ll buy furniture, appliances, carpet, or whatever you want to make your first home truly yours while you build equity and experience the pride of ownership.

Buyers who are financing. Rates are super low, and experts say they are headed higher.  With 5% loans available–even for jumbo loans–you can lock in some of the lowest rates in decades.

Move-up buyers who don’t have to sell their first home.  You can take advantage of today’s lower prices while you wait for the rebound to sell your other home.  If you sell your primary residence within 3 years, you get the $250,000/$500,000 tax exemption.  (As always, consult your tax advisor.)

So are you going to stay on the fence or are you going to take advantage of this buyer’s market?

Maybe it’s time to explore your options.

Please contact us or call (970) 819-6372 discuss whether buying in Steamboat right now is a smart move.