As we move deeper into 2009, and we are just days away from the inauguration. I have spoken with a variety of lenders. Rates are the lowest in many years and I do not expect to see much of an increase if any for quite some time. Simply put, now is the time to buy. construction costs are down and even though some sellers may not have figured it out yet, we have seen many price reductions in our market and sellers will look at much deeper offers. It may take a few homes to get it, but they are coming around slowly. At least in the Vail Valley, real estate may never be lower and now is a great time to make offers.
If interested, send me an e-mail at dlandin@slifer.net.
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