Buying Right Now In The Denver Metro Area = Smart Move

Right now is typically a slower season in the Denver real estate market, and nationwide.  Most people are consumed with the holidays and are not motivated to move during the colder months for a variety of reasons.  But, this year, it might just be the best time in a generation to buy a home in the Denver Metro area.

According to Freddie Mac, interest rates have dropped to an historic low, with the average rate on a 30 year fixed mortgage at 4.78 percent nationwide - Denver area lenders are also offering mortgages at rates under 5 percent. 

Bankrate.com is also reporting a record low in 24 years, with an average rate of 5 percent offered by large lenders for conventional mortgages.

While it may not seem like an ideal time of year to be buying or selling real estate, often just the opposite is true.  Sellers and buyers, alike, are serious about negotiating and closing a deal, otherwise they wouldn’t be in the market during the holidays.  Combining motivated sellers with low interest rates is a recipe for success right now!

And, as an added bonus, the federal government has extended the tax credit for home buyers ($8,000 for first time buyers and $6,500 for repeat home buyers) until April 30, 2010.  Right now is looking like an ideal time to be in the market!

Whether you’re thinking of buying or selling a home in the Denver metro area, or in areas like Parker, Elizabeth, or Highlands Ranch, contact the Bandy Team for all of your real estate needs.  We will guide you every step of the way to achieving your dreams!

Marianne Bandy
Denver Relocation Information