So you think you are going to get the Best Deal ever in Real Estate in 2010. Well you might have missed if especially if you are going to be obtaining financing. In the last month, interest rates have gone from 4.625 in mid November to anywhere from 5.25 to 5.5 yesterday. You might be thinking, so what does that mean to me. Well, that mean if you obtained financing you just paid $90.00 or more per month. That equals to a purchase price of about $15,000.00. So right now you would have to get that dream property for $15,000.00 less than you would have a month ago.
I already know what you are going to say, "prices are coming down".
Maybe, the best homes always sell first, and usually in the Woodland Park market that means that you can maybe negotiate 3%, either with Seller paying Closing Cost or right off the price. So on a $200,000 home you might get $6,000.00 off. Like I said above you might have already missed the Best Deal.
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