3 Reasons why now is the time to buy a Denver home.

Posted by Mic Ortega on Friday, March 2nd, 2012 at 10:28am.

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Why is now a good time to buy a Denver home you might ask? Typically in February in Denver, the Real Estate market is rather slow and not a lot going on. People are waiting for spring to roll around when the “selling” season starts and then will decided to do something. But this past February was by no means your standard February in Denver and if my experience yesterday was any indication, two of my clients got outbid by tens of thousands of dollars; March certainly won’t be typical either.

If you have spoken with a Realtor in Denver lately, you know the market is hot and ready to take off. I am strongly encouraging everybody I know who is considering buying to do it now before it is too late. But if you don’t want to take my word for it, here are three compelling reasons from experts on why now is the time to buy a Denver home.

1)      Warren Buffett says so. When Mr. Buffett speaks, most people take notice and listen. On Monday he said rather bluntly, “I’d buy a couple hundred thousand homes if I could. If held for a long period of time and purchased at low rates, houses are even better than stocks.” Hard to argue with the man. Click here to read more.

2)      Barbara Corcoran, the Real Estate lady from the Today Show called Denver the top rebounding Real Estate market in the country and the best place to buy. “Everything about Denver is pointing up, up, up!” To see the video, click here.

3)      FHA Mortgage insurance costs are going up. Come April 1st, it will cost even more to get an FHA loan. The monthly mortgage insurance will change from 1.15% to 1.25% meaning an extra $15 a month on a $200,000 loan. It might not seem like a lot, but this rate keeps increasing and is significantly higher than this time last year. 

1 Response to "3 Reasons why now is the time to buy a Denver home."

Irene Glazer wrote: Couldn't agree more!
Thanks for posting Mic.

Posted on Monday, March 5th, 2012 at 10:52am.

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