What with this I am hoping to accomplish with this weekly
blog, is to get some retrospect to some of the issues that come with Real
Estate transactions in northern Colorado.
Sunday Sept 4 2011,
With the current housing market, I believe that it is one of
the best times to be purchasing Real Estate and I do so because of the
following reasons.
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Interest rates are still at a low between 4.5
and 5%; this can make a mortgage payment within the comfort zone of most buyers.
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Housing prices have stabilized in Northern Colo;
unlike many other areas of the country, Northern Colorado did not experience a
dramatic price drop in housing prices.
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With few buyers and a large supply of homes on
the market, this makes it a buyer’s market
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Northern Colorado has many things going for
it,
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Quality of life,
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Low crime rate,
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That small town feeling with many events and destinations
within a 20 to 30 minute drive.
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A vacancy rate of 1 to 3 percent for rental
property.
Even with the above reasons, one has to evaluate if Real Estate
ownership is right for them. And that is something that has to be answered on a
personal level.
As a former First Lady put it:
"The future belongs to those
who believe in the beauty of their dreams."
Eleanor Roosevelt, First Lady
Wayne Folsom
Colo Real Estate Solutions