Who’s the winner in todays economic world?
October 24, 2008 by Tom Schreiner · Leave a Comment
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The First Time Buyer….
- They have an opportunity to buy homes today that don’t have inflated values…
- They don’t have to wait for their home to sell…
- They have sellers willing to pay their closing costs and buy-down already low interest rates….
- They are in the first “Buyers” Market in nearly 8 years….
- They have the largest selection of homes in 15 years…..
- The current down turn 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% down, a job, and reasonable (not perfect) credit through FHA..
- If rates go dramatically lower …FHA has a streamlined refinance program that doesn’t require re-qualification of the buyer…..
- If they buy before July 9, 2009 they are eligible for a $7500 tax credit
- If they buy before Dec 31 2008 they will get that back with their 2008 return
This is a life changing opportunity……
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Tom is a mortgage professional for the Get Home Denver Real Estate Team.
A native of the Chicago area Tom has lived in Colorado since 1984. A graduate of the University of Colorado, Boulder, in 1987 with a business degree in finance, Tom enjoys Colorado’s spectacular snowboarding, mountain biking and golf. You can reach Tom at 