The market is Affordable but not imploded!

Mortgage and Lending with US Mortgages - David Shamansky NMLS#392126

The market is affordable but not imploded.

Too many buyers and investors these days seem to think because of bad press and high rate of foreclosures and unemployment that means they are going to get some kind of "Killer" or "Special" deal. Well to be honest... YOU ARE!

When you take incredible prices not seen in over 11years and combine that with interest rates at historic low levels of 50-60yrs you are setting yourself up for some once in a lifetime opportunities in Real Estate but that does NOT mean you are going to buy that Million Dollar Dream home for 250k! No bank is going to cut losses on assets at that level and no seller is either. The market is FULL of opportunities, good ones, even great ones but ridiculous ones you better reposition that thinking, so you don't offend every Realtor you meet and every seller or bank you attempt to negotiate with or make offers to.

Assess the REAL value of the property and decide what is a solid investment and a fair deal that actually may get accepted. When you get your number make that offer and, if accepted, KNOW you are getting a great discounted deal. Combine that with 30yr fixed rates in the 4's and you have a FANTASTIC deal! But thinking that place is going to be bought for 25 cents on the dollar or some even offer less??? Thats simply a waste of time and an insult to the other party.

50%I am not saying you have to pay asking or full price but you must do your due diligence and you must make your offers reasonable and fair, if you really want the property that is. If all you want to do is low ball every place, you aren't looking for a home, you would be better served buying the next, hot, penny stock(they are cheap) and take your chances on it going from .10 to .15 and increase your investment by 50%! You will have far better chances of doing that there than you will in today's improving market. 


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Colorado 1st Time buyers, if you are ready to stop renting, get the many benefits from home ownership, or maybe your a current homeowner looking to move up or maybe looking into what it takes to become an investor in this incredible market, that WILL create millionaires, and you are looking for a strategy, answers and direction, please feel free to call or email me. My 22yrs in mortgage lending and 30+ years in finance gives me an in depth knowledge, critical to helping others and making their dreams go from dream to reality!

David Shamansky
"Positive reinforcer, promoter, success coach, entrepreneur, team builder, wealth builder, blessed individual, business leader and professional lender"

US Mortgages
6855 S Havana St Ste 520
Centennial CO 80112
Equal Housing Lender

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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi David - Everyone wants a good deal, but most of the buyers we work with are actually reasonable about it, or quickly become that way if they're really serious about buying. A few good slapdowns usually straighten them out. I still see an occasional agent working with a weird investor throwing horrible offers down by the truckload and wonder about whether they actually ever do any deals. But your point is right on, sir!

Oct 26, 2011 06:19 AM #1
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David Shamansky

Creative, Aggressive & 560 FICO - OK, Colorado Mtg
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