1. BUYING HOMES IN PAGOSA SPRINGS ARE MORE AFFORDABLE
From recent statistics provided by the National Association of Realtors, homes have become more affordable than any time since 1970. With some of the price declines and historically low mortgage interest rates, people who want to buy homes have significant purchasing power in Pagosa Springs.

2. PAGOSA SPRINGS HOME INVENTORY PROVIDES MANY CHOICES
In Pagosa Springs it is taking months to sell a home, causing a growth in unsold inventory. With the current large inventory, people of Pagosa Springs who are looking to buy a home are offered more choices while sellers’ prices are pressured downward. Some home sellers in Pagosa Springs have become increasingly desperate as debt pressures mount.  Call us to discuss some of the distress opportunities of buying a home in our market. These are conditions that people who are looking to buy a home can take advantage of. Be sure to check our website and view some of the available Pagosa Springs inventory.

3. INTEREST RATES ARE VERY FAVORABLE FOR BUYING A HOME IN PAGOSA SPRINGS
All of the Pagosa Springs lenders still have plenty of mortgage money available for qualified borrowers. Mortgage interest rates are very low (5.25% for a 30-year fixed rate as of February 1, 2009) for those that qualify. If you have a good FICO score and at least 10% cash for a down payment, you have many lender choices. Call us if you need a lender recommendation.

4. YOU MAY QUALIFY FOR A FEDERAL TAX CREDIT WHEN WANTING TO BUY A HOME
Those who are looking to buy a home in Pagosa Springs that have not owned a home for at least three years may qualify for a federal tax credit of up to $7,500. This can free up some additional cash for purchasing new appliances, window coverings or other items for your new home. Call us to discuss the details of this opportunity.