Get the best deal on a Colorado home in the last 10 years

Everyone wants to get a screaming deal on a house! And for the last 10 years in Colorado it has been EXTREMELY difficult to not only buy a home, but to also get a good price and transaction terms that don’t open you to a risky investment. Our market is a bit different than it was a year ago, and now is a really incredible time to buy a house in Colorado! If you want the best deal, follow these steps!

1. Get pre-approved for a loan and find a house you love. Yes, this mortgage pre-approval will be at a high(ish) interest rate. But you should find out how much you are approved for. Once you know your budget, get out there and find a house you love and want to buy.

2. Negotiate a great deal. This deal will include getting a great price, as there is little competition in the market right now. You can ask for the seller to fix things for inspection (you don’t have to take homes “as-is” right now), and the most important part of this process is A TEMPORARY RATE BUY DOWN. 

3. Hold & Refinance! Once you have negotiated a great price and a temporary rate buy-down so your payment is low, now you wait for rates to come down. Fix up the home a bit if you want to, and then once rates come down, REFINANCE into a lower rate which will reduce your monthly payment.

Once you do this, then you have gotten the best deal in the last 10 years in Colorado real estate because you will have gotten a great price AND a great interest rate. 

Are you ready to learn more about getting a great deal in the Front Range on a home? DM or get in touch to see how your unique situation can be an opportunity!