The 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.
• If 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