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Renee Apfelbeck

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Happy Spring from Summit County For Sale

by Renee Apfelbeck

As the ski season winds down so do the crowds.  It is kind of nice getting a front row parking spot at City Market! However, the 2015 real estate market is gearing up: inventory is slowly increasing, the phones are ringing so get ready.  Call me soon so we can determine what is the best move for you.  Hope to see you soon.

Should I Buy a Home Now?

by Renee Apfelbeck

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

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Renee Apfelbeck
Summit County For Sale
348 Lake Dillon Drive - PO Box 712
Dillon CO 80435
Office: (970)468-0737
Cell/text: (970)470-0918