Foreclosures: Good Or Bad??????

by Cheryl Garlock, CRS

So much for the news about real estate and the mortgage industries. Don't believe everything you hear. Now truly the mortgage crisis resulting from a high foreclosure rate is staggering. In spite of that though this indeed is the absolute best time to be a buyer in real estate, whether you're looking for a new home to buy for the 1st time, move-up, or INVEST in opportunity.

The interest rates are at some of the lowest levels ever and there is plenty of money to lend, and lenders who want to loan it out. On top of that, negotiating your way to the best deal is NOW. We know that as the new year gets rolling the interest rates will eventually rise again and the pace of selling real estate will pick up. Towards the end of 2008 it's anticipated that the foreclosure market will stabilize itself. That means when the opportunities that abound today come to an end, then it will begin to turn toward a Seller's market.

There are 2 things to remember here as you think about investing and buying real estate in 2008: first, it's an election year and those years always change the market, and secondly - you make your money in real estate not when you sell so much, but when you buy - buy it right and you'll reap high rewards later.

I'd like an opportunity to chat with you about your real estate, housing, and investment needs. Just give me a call at (720) 373-0654 or pop me an email (cheryl@denverrealty.com). In the meantime, check out the all new www.DenverRealty.com for information and tools you can use to find homes, determine neighborhhod values, seminars, and so much more.