Are You Looking To Buy Or Sell In The Spring Or Summer

Are You Looking To Buy Or Sell In The Spring Or Summer

For many reasons, multiple sources are saying that now is the time either sell a home or buy a home in the Denver metro area.  Right now we are in a heavy seller market, and that doesn’t look like it is going to let up any time soon.  So what does that mean:

Right now we have a strong buyer pool so if you are looking to sell your house you should be looking at a nice return on your initial purchase.   However, if you think waiting is the best idea, hold on!

Right now waiting is going to make money more expensive with the combination of the future increase in interest rates, and the coming increase of buyers to the already crowded and ultra competitive buyer pool.  

I am referring to the recent announcement that the HUD is cutting mortgage insurance premiums to make houses more affordable to first-time homebuyers.  The estimated cuts should average to a savings around $900 a year to each homebuyer.   That’s a big deal. 

The results…more people are going to be wanting to buy to take advantage of the savings, and thus an already competitive market with low inventory in Denver, becomes even more difficult to purchase.

Thus, if you are selling now, taking advantage of the competitive market now to get a good return on your initial purchase price, and turning around and purchasing now, can in the low run save your thousands of dollars, if not more, on your purchase versus waiting until the “spring” or “summer.”

To learn more about the impact that these cuts will have click here.

Michael Kane is a Broker Associate at Keller Williams. He is a member of the Carr Peck & Associates team that is recognized locally and nationally as in expert in real estate. Locally he is a member of the DenverMetro Association of Realtors. Nothing brings him more joy than making his client’s dreams become a reality! For more information feel free to contact him or call 303-717-9284.

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Phone: 720-446-6301
Dated: January 21st 2015
Views: 705
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