Advantages Of Being A First Time Buyer In Today’s Market.

15Jan09

Perry & Co. Real Estate Professionals, Denver, CO - perryandco.comThe First Time Home Buyer…

 

  • They are buying homes today that don’t have inflated equity.
  • They don’t have to wait for their home to sell.
  • They have sellers willing to pay their closing costs and buy-down already good interest rates.
  • They are in the first “Buyers Market” in nearly 8 years.
  • They have a great selection of homes with sellers who are serious about selling.
  • The current downturn in pricing will allow them to buy homes in neighborhoods that were out of their reach 2 years ago.
  • They can get that extra bedroom or bath or garage.
  • They can still buy a home with 3.5% down, a job, and reasonable (not perfect) credit through FHA.
  • FHA loan limits are the Highest ever $406,250 in Denver Metro Area.
  • Brad ColburnIf rates go dramatically lower… FHA has a streamlined refinance program that doesn’t require re-qualification of the buyer.
  • If they buy real estate before December 1, 2009 they are eligible for a $8000 tax credit loan.

 

Written by Perry & Co Real Estate Agent Brad Colburn



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