| Market Update |
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Interest rates have stabilized, as the Fed tries to stimulate spending in the real estate markets. Nationally we are seeing market after market turning into havens for buyers seeking values. Creede has held up well under these conditions, however we are now viewing this market as a Buyer's market instead of a Seller's market at this time. Prices are not falling at alarming rates, but the savvy investor can find buys in Creede, CO. Properties to consider purchasing in this market include smaller cabins/homes that you can lease out as short-term rentals or long-term rentals. Hence, you are buying properties with built-in equity and helping reduce holding costs through capital generated through rent revenue. A Point to Ponder: Everyone scrambles to buy in a rising market, but the wise investor takes advantage of a falling market realizing emotions and the fickleness of humanity are always predisposed to change at any moment. Call us if you a ready to find those solid investments in Today's market. |