The Outlook From Here
The Boulder county real estate market improved in 2010. The number of sales increased across most of the county with Boulder, the Mountains and the Plains seeing the largest increase. Average and Median sales prices were flat in Boulder, but were up a bit across the county with Louisville and Superior seeing the highest increase. Buyers are taking advantage of incredibly low interest rates and are remaining active in the market as we approach the holidays. The next couple of months will be a great time to buy, sell and refinance. Interest rates continue to be historically low, but have started to rise. Let me help you take advantage of the opportunities this market presents. Give me a call for analysis and advice any time and please pass this along to friends and family. As always, I sincerely appreciate your referrals and I promise to make us both look good. Thanks for all of your support this year. I wish you and your family a Happy Holiday Season as well as a Healthy and Prosperous New Year!
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By The Numbers For the latest statistics through November 2010 of Boulder County home and condo sales, with year-to-year comparisons, days-on-market statistics and more: Market Stats |
Survey says: buying a home
is a wise investment
Pursuing the American Dream: Despite economic woes, the majority
of respondents to the 2010 National Housing Pulse Survey still believe
buying a home is a wise investment and part of their future.
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WHY TO BUY INVESTMENT PROPERTY NOW
As an investment, the combination of low sales prices, low rates,
and increasing rents makes today a great time to buy!
- A deep, well-priced inventory is available.
- Rents locally have stayed strong. (more from the Daily Camera)
- Interest rates are at 50+ year lows.
- Cashflows can be positive from purchase (thanks to stable rents, lower rates).
An Example: $400K purchase with
$300K loan (25% down) |
Current |
Wait Too Long
(Rates Rise) |
Interest Rate |
4.75% |
6.0% |
P & I payment |
$1,564 |
$1,798 |
Extra monthly cashflow |
$234 |
$0 |
Extra annual cashflow |
$2,808 |
$0 |
Extra cashflow over life of 30 year loan |
$84,240 |
$0 |
Reduction in principal after 10 years of payments |
$58,000 |
$49,000 |
In addition, the recent Fannie Mae change (effective Dec. 11) to allow 100% gift funds for down payments makes it even easier to qualify for the financing!
Call me today to discuss finding an investment property! |