Gosh-I wish I would have bought a property in 2009

 Hey- In case you haven't heard...IT'S A BUYER'S MARKET!!! If you are in the market to buy a home there is no time like the present!

Do you want to be kicking yourself in a few years? Right now is a great time to buy because:

• Interest rates are lower than they have been in 10 years. They fluctuate quite a bit, but overall they have been at historic lows.
• Prices are low. Even if they drop a little more, with the interest rates so low RIGHT NOW we never know what they will be in the future. If prices dropped a little more and interest rates go up quite a bit, you would still be better off to buy NOW.
• Choices, Choices, Choices- With inventory so high, you can be picky. You have so much to choose from!
• Real Estate is a great investment for the long-term.

So, If you don't want to be repeating the words in the title-take advantage of this buyer's market! If you have a home already and don't want to move- get an investment property.

It is psychological isn't it- when prices start going up we feel secure about the investment and want to buy. When they are down, we wonder about the investment. Buy LOW-SELL high! We've all heard it, right?

IF you need to sell and you are planning on buying another home you are still going to be better off-Let me explain.

Most buyers when buying a new home buy a more expensive home or "trade-up". Let's say the market is down 10% for this illustration:

You sell your house  at  $200,000 and lose 10% of the value when it sells, so it only sells for $180,000. That is a loss of $20,000 because of the market.

Now-let's say you turn around and buy your next home that would be $250,000 and you get it for 10% less because of the market. You then get it for $225,000 which saved you $25,000. So, between selling your house and buying your new one- you came out ahead $5,000.

SO- even though it is a buyer's market. You can still reap the rewards if you have to sell first.

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If you have any questions, would like a CMA or would like me to create a personalized webpage for you of listings that meet your criteria in Colorado Springs, please call me at 719-459-5468 or e-mail at kristidefazio@remax.net. I am here for all of your real estate needs.

INVESTING IN YOU!