1. Experts believe that home prices (nationally) will appreciate 10% over the next 4 years. The Case-Shiller home price index, which is generally a very conservative indicator, has shown increases in home prices the past two months.
2. If you are looking for ski property in Park City, this is the time of year when such properties are not rented and easy to view. If you arrive during Christmas and think you are going to get inside the best income generating properties, think again.
3. Those families who missed the summer selling season are more realistic about pricing and more motivated to negotiate.
4. Interest rates are low. I mean REALLY low. Those who can qualify for loans are looking at rates that start with the numeral 3. Eighty percent of the buyers I have worked with this year chose and qualified for financing. The other 20 percent elected to pay cash. Inexpensive money is out there. With home prices inching back up, the homes are appraising for purchase price or more.
5. In the long term, property ownership creates wealth.
Stewart Seeligson’s business education and diverse real estate experience set him apart from other real estate brokers in the Telluride region.