You may think I am crazy suggesting that it is a great time to buy, but think about it?
The interest rates are at an all time low, under 5.5 %. There are a lot more choices to look at in our market. Our prices aren’t really going down, they are staying flat (reflecting last year prices). However, they are not decreasing like a lot of areas in the country.
If you buy that second or first home here in the mountains, chances are your values will not drop, but increase down the road. This is historically true for the resort industry. When consumer confidence rises, so do our prices. People are panicking now and feel lucky if they sell. It would be a much better investment than the stock market or 401K.
If you have children and are thinking about sending them to college some day, why not buy a mountain condo that you can use, rent out and than sell in 10 years and use that money for college for your children.
If I would have bought Real Estate with my 401K money instead of investing it, I would have tripled it within the past 10 years, instead of losing half of it, and waiting until the market comes back.
There is a great article in the New York Times that discusses why now is a great time to buy. So what are you waiting for? Give me a call 970-389-6367 or email me leah@leahbaxter.com. I’m sure I could find you something that you would love and enjoy!
www.leahbaxter.com -To search for properties.

