5 Reasons to Buy in Pagosa Springs Now
1) Sellers out number buyers. The market is in a temporary flat spot as Sellers out-number Buyers. This means more properties for Buyers to choose from with less competitive pressure.
2) Buyers have negotiating power. Until recently, Sellers have had the upper hand but your negotiating position is stronger today. Informed Sellers know there are many competing properties in the market. Sellers must be aggressive with pricing if they want to move their property. Don’t hesitate as these buyer-friendly conditions are not likely to last.
3) Money is cheap, interest rates are still quite favorable. Rates are not significantly higher than the lows of a couple of years ago. By historical standards, money is cheap. In addition, Sellers wanting to move their property are more willing to provide financing at attractive rates.
4) Long-term demand growing. The long-term demand for real estate will continue to grow in nearly every category. Aging Baby Boomers will continue to flock towards second homes and vacation properties in anticipation of their retirement years. This represents tremendous posit ive pressure for rising values. Pagosa Springs is an under-valued, emerging opportunity when compared to other more mature markets within the Rocky Mountain Region.
5) New Developments = New Awareness. There are a number of new developments in various stages of planning in the Pagosa Springs area working to attract more new-comers to the area, more tourists, new residents and more second home buyers. These new developments target more affluent buyer groups within markets with higher real estate values than the more traditional Pagosa Springs second homemarkets. This should also drive future values higher.
