Purchasing Property Now Will Save You Later!!
There are a few main things to consider when purchasing a new property. Unless you're planning on paying cash, current interest rates are a major component in the future cost of owning a property. Over the past year, interest rates have been very attractive. It appears that such low rates may disappear in the near future. Below are quotes from two of our local lenders:
"The combination of the end of the Fed's involvement in MBS purchases, the likelihood of Federal stimulus policy related inflation and improving economic activity means that mortgage rates are likely heading north." --Doug Sullivan, Sulquist Mortgage
"The next three months may be the last window of opportunity for buyers looking to take advantage of both low rates and low home prices." -- Terrence Power, Power Mortgage Corporation
The real estate climate in Summit or Park County is ideal for buyers. Although we are still seeing signs indicating the market is beginning to turn, deals still exist and some sellers are very motivated - buying now before rates go up will save you money down the road.
Now is an exceptional time to visit Summit or Park County, enjoy the beautiful weather and make your mountain property dreams a reality. If you would like to arrange a time to view properties, please contact me at any time.
Looking for Market Data for Summit and Park Count Colorado? Follow this link. Market Data
Originally Created at: http://tenpeakssothebysrealty.com/real_estate_blog/view/2362/purchasing_property_now_will_save_you_later__
Laura Russette
Office Administrator
970.453.0550 Office
970.453.4484 Fax
Email: TenPeaks@SothebysRealty.com
Website: www.TenPeaksSothebysRealty.com
Great Post and Thanks for sharing,
Matt Naumann