Tuesday, January 27, 2015

Could Waiting to Move Cost You Thousands?

The Colorado Springs real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Colorado Springs area click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 719.593.SOLD (7653).

It's 2015, and there are many great reasons to make it the year that you buy a home. Today, I want to share 3 reasons why now is the best time to enter the Colorado Springs real estate market. 
  1. Prices are going to rise: Seasonally and historically, home prices rise from January to July. If you read the article from the Gazette a few weeks ago, you know that home prices in 2014 were the highest they've been since 2006. Since most buyers don't get serious until March, now is the time to get out, beat the competition, and get a great home for a great price.
  2. Mortgage rates are historically low: Right now, rates are still in the 3% range, which is phenomenal. Locking in a low rate will save you a lot of money on your monthly payments. All the experts are expecting a full percentage increase in rates before the end of the year, so you don't want to miss out on the low interest rates we currently have.
  3. You're paying a mortgage either way: If you're renting, you're still paying a mortgage. The problem is you're paying somebody else's mortgage, and not building equity for yourself. There's no better time than now to get a low price, a low rate, and a low monthly payment.
If you have any questions about our Colorado Springs market, or need real estate assistance of any kind, don't hesitate to give me a call or shoot me an email. I would love to hear from you!