Investors! Window of Opportunity in the Denver Metro Area!
The smart investor knows to buy low and sell high. Prices are low.
Vacancy rates are at an all time low.
This has resulted from several factors. Many consumers feel less comfortable to buy now and more comfortable to rent. Many people have been displaced by foreclosure on their homes. New guidelines make it more difficult for buyers to qualify for loans. The rate of Colorado homeownership has dropped 2% in 2 years.
This results in more tenants! Time is now. There are many detached single family homes available in the Denver area for under $100K. There are many condos available for under $50K.
Even in down markets, the volume of sales goes up in the Spring and Summer. Prime time is now.
We are approaching that time of year. Interest rates are still low! Investor loans are available from 20% down and currently around the 5% mark. Investor loans also available with 10% down. (General info, not a loan offer) (Email me and I will provide you loan officer contact information for specifics.)
No one can predict the future, but how long will low interest rates remain? All add up to POSITIVE CASH FLOW opportunities right now.
Incidentally, also, time for the smart first time buyer to purchase that dream home.
Your Castle Real Estate Denver Price Change Map (sample)
Charts used with permission from Your Castle Real Estate.
Roy Johnson
Realtor
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