We all know that Fort Collins is a great place to live, and this is why it can be challenging to find a home that has everything you are looking for at a price you can afford.
Nonetheless, it’s still a great time to buy a home in the Choice City. Colorado Real Estate Pros has put together a few reasons why now is the perfect time to buy your dream home here in Northern Colorado.
Prices are Plateauing
Even though we’ve seen home prices skyrocket in the last couple of years in Northern Colorado, the market seems to be stabilizing. Home prices are leveling off which is a good thing for home buyers. This means that home values won’t unexpectedly drop off or crash any time soon.
While many homes are still going at or above the asking price, the cost-to-value ratio is as good as it has ever been.
Interest Rates are Still Low
We’ve seen record low interest rates over the past 24 months, and it’s a great time to pick up a fixed long term loan before the rates go back up.
On top of this, there are many programs that can help buyers come up with the down payment on a home. Along with other programs, the City of Fort Collins has Home Buyer Assistance (HBA) that can reduce your down payment to as low as 3% down.
Newer Neighborhoods are Abundant
While it can be tempting to want to buy in an established area of town, often times you will pay the same price for a home near old town or mid town that you would for a brand new home in one of the many blossoming developments around Fort Collins.
Sure, having a home closer to the middle of town can mean convenience, but if you are willing to be on the outskirts of Fort Collins, you can get a great home at a great price. Some areas that are north of town or southeast of town are offering affordable homes that are brand new.
Surrounding Areas are growing
This piggy-backs on the point above, but many of the surrounding areas including Windsor, Wellington, and Timnath are growing rapidly, and offering gorgeous homes that are lower in cost to similar homes inside the city limits of Fort Collins. Loveland is also growing, and offers generally lower prices that Fort Collins.
For this reason, it could behoove you to expand your search outside Fort Collins. As long as you don’t mind a little bit of a commute, these places can be great options when looking for a home in Northern Colorado.
To learn more about listing your home or your home buying options in Fort Collins, Loveland, Wellington, Greeley, Windsor, and throughout Northern Colorado, call me at 970-342-3568 or visit www.coloradorepros.com today.
Colorado Real Estate Pros
6407 Compton Road
Fort Collins, CO 80525
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I'm Brad, owner of Colorado Real Estate Pros. This blog will talk more about my day-to-day as a Fort Collins Realtor, and my life as well. Enjoy!