August 24, 2010 18:16:01
COLORADO SPRINGS, CO, Aug 24, 2010 - During the Great Depression of the
1930s, while most Americans struggled, there were some who also amassed vast
fortunes. A wealth of opportunity also exists is today's real estate
"recession," a time which offers buyers and investors in the Pikes
Peak region an unprecedented chance to "move up," according to Joe
Clement, Broker/Owner of RE/MAX Properties, Inc..
"Those who believe that real estate is a tide that moves all boats
equally are just plain wrong," says Clement. "The fact is, we may
very well be in the single greatest move-up real estate market in decades.
Today's Colorado Springs market represents a rare opportunity for some to move
up to their dream home at virtually unprecedented prices. If you have longed to
move to another community, purchase a vacation home or create income through
rental property, now might be your best chance to do so."
According to Clement, the following facts rarely appear in media coverage
about the Colorado Springs real estate market and are, therefore, unknown to
most consumers:
- Prices of higher-priced
homes in the Pikes Peak region have (generally) declined more, as
measured in dollars and/or percentage of price, than have prices of
lower-priced homes.
- Colorado vacation
property prices have also changed based upon Pikes Peak region
economics.
- If the price of your home has moved down less than the
price of your ideal home, this may be the time to make your move.
Clement advises consumers to answer the following questions before
considering a move-up home purchase:
- What price could my home bring if put on the market today?
- What is the price of my ideal home in today's market?
- What will the difference in monthly
costs be should I decide to move up?
- What will my net
costs be after tax?
- What is the potential for immediate lifestyle
enhancement and for long-term financial gain if I move up?
"The answers to these questions are vital to making a more fully
informed decision about the opportunities present in today's market,"
explains Clement. "A professional
Colorado real estate agent, your attorney, financial planner and/or
accountant can help guide you through this decision-making process."
For more information,
please contact Joe Clement at Joe.Clement@WeSellMore.net or 719-540-6421
