Why Now Is the Time to Buy a Home in Denver Colorado
Are you a fence-sitter, a "lookie loo?" Worried that you may buy a home and home values will go down more?
You aren't alone. Despite record low mortgage rates and depressed home values, home buyers for the most part are still sitting on the sidelines.
However, if you are in a position to buy a home (you aren't one of the 9.8% of the unemployed in America), then now is the time to Buy a Home in Denver Colorado. Here's why.
Depressed Home Values
No matter how hard you try, you can never time the absolute bottom of the housing market, unless it is by sheer luck. Some areas in the Denver area have already shown signs of stability and appreciation. Most areas have not seen the sharp declines in value that some areas of the country have seen. Act now to Buy a Home in Denver Colorado to assure that if you don't time the market at the bottom, you will be very close, and will be able to snag a bargain.
Record Low Mortgage Rates
Mortgage Rates have spiked in the past month, but still remain at historical lows, with 30 year fixed rates in the upper-4%'s. That means a lower payment than you will get when the economy starts to recover. Rates are up on news that the economy is starting to rebound, so it's just a matter of time before rates get back into the 5%'s, 6%'s, or perhaps higher, adding to your payment. Now is the time to Buy a Home in Denver Colorado to assure you lock in a super-low rate.
Low Inflation
Right now, your dollars go farther because prices are not increasing much. With a lower mortgage payment, and low prices on household items, that means your paycheck goes farther, and you can more easily Buy a Home in Denver Colorado with an affordable payment.
Tax Deduction
If you Buy a Home in Denver Colorado, you can save on your taxes too. If you are currently a renter, even if your monthly payment goes up slightly, you will still be better off because you can write off the interest on your mortgage.
Buy a Home In Denver Colorado Purchase Assistant
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