The Get Home Denver Team

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Well, many have said the mortgage debacle the US has been experiencing was the result of a “perfect storm” of sorts. Lenders being shady, and getting clients into less than suitable loans, the slowing of the real estate market, and overall economic uncertainty. Usually any one of these would not have precipitated such a dramatic increase in the foreclosure rate, but together, BOOM! The house of cards is falling.

The flip side is another potential “perfect storm!” This time it will be the opportunity of a generation to buy real estate and secure a financial freedom that most only dream about. The coming together of a huge number of below market value properties hitting the market, interest rates that are VERY attractive (currently qualified investors can get in for less than 7%), and our federal government doing whatever it can to stimulate the national economy.

What this means is for the next year or two; The people with ablility to buy real estate while it is down (NOW!), will be able to get a great deal on both purchase price, and interest rate. While the rest of the population, loses their homes, rebuilds their lives, and then jumps back into the real estate game. This will take a couple of years, but when it happens, they will drive the demand back up, and inventories down, such that appreciation will be had by those able to buy now.

There is an old saying, “The best time to buy, is when everyone else is trying to sell!” I think you’ll agree, there have been very few moments in our lifetime, when this many people were trying to sell.

For more information on how to get into the game, contact the Get Home Denver team.