That's right you heard it here that it's possible for someone to lose 100K in real estate in the last 12 months. The Last 12 months and hopefully not the next 12 months and that is a result of buying way over asking price and then needed to sell, now that the market has adjusted. Thankfully the stats in Boulder county show we are seeing values rising here but again if someone paid too much then they paid too much. Believe me when I tell you I saw it first hand while doing 2023 tax protests here in Boulder County that homes were being sold at a very serious premium right before the interest rates went up. There have been several times in the the Boulder market that I swore "if I sell now and rent for 12 months I can buy cheaper in 12 months and will have made a profit when I sold my house 12 months ago." AND every time I had that thought (and thankfully never sold) the market always went up. IN fact I know a lot of people that sold in 2020 when the pandemic was kicking off thinking they could move back and as it turns out the prices went insane and values rose significantly. Needless to say I was too scared to sell in early 2022 despite my gut telling me this might be that time. And of course my wife would not have let me.

All this points to buying today may not be a bad idea if you can afford to do so, and like the home a lot. Because right now there are less buyers competing which means you can take your time, have your contract with contingencies like inspection, appraisal and the other important deadlines and even get some money toward closing costs or a buydown. And my amazing lenders are wanting todays buyers to believe sooner than later there is a refi in your future once the rates go back down some. Will they return to 3% anytime soon? I will have to say no. Of course to refi one needs a certain credit, work history, debt to income and other factors that my lender referrals can tell you more about.

Want a discount on listing your home with me in July (and maybe August... wink, wink) then lets talk. I am hoping with the discount I am offering here in Boulder county will be enough to get you off that "we should wait" bubble and spring you into action.

Chris McGrath

Amerivest Realty

REALTOR

970-371-7595

cjmmcgrath@gmail.com

www.listinglocally.com

Facebook @econdevelop

80026, 80027, 80516, 80303 Superior, Erie, Lafayette, Louisville, Boulder