The real estate market is definitely slower in Colorado during this time of year but that doesn't mean that it isn't a great time to buy a home. Here are 10 reasons to buy now!
- Great deals are to be had. Prices come down this time of year and sellers become more motivated to sell.
- Mortgages are Cheap!!! I recently started refinancing my personal home and was able to lock in at a 4.2% 30year fixed rate loan. Now you can't beat that. Rates are the lowest they have been since 1979
- Buying a home helps save money on taxes. When you add up your interest and deduct it from your taxes it often times ends up being less to own a home then to rent
- You Own it. When you buy a home it is yours! you make the decisions as to what you want to do with it. You can paint, remodel and do just about anything you want.
- You can get a better home. If you are tierd of the home you live in now, buy a new one. The above reasons are reason enough
- It offers some risk protection. Historically, appreciation has out performed inflation
- It's risk capital. if the economy p8icks up, you will benefit from that.
- It's forced savings: By making principal and interest payments you are putting savings away every month when you pay your principal
- There is a lot to choose from. Right now there are enough places on the market for you to be very choosy.
- 10 Sooner or Later the market will rebound and people who bought homes now will benefit. Demand will eventually outpace supply
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