Can You Still Buy Your First Home in the Denver Suburbs?

Can you still buy your first home in the south Denver suburbs? With the increase of the price of homes over the last several years and perhaps the economic crunch hitting savings a bit, can this really be done. Perhaps. If you have been planning for this, keeping your debt low and credit history excellent then you really can buy your first home here.  You may even be able to take advantage of the buyer’s tax credit if you hurry.  Time runs out at the end of April!

Of course, what I run into a lot are people not satisfied with needing to start out in anything less than what mom and dad have, or friends, etc…This is where you need to look hard at the magic reality mirror and ask yourself what you can comfortably afford.  Owning your home and building equity over time can do amazing things for your life.  But you may need to buy something less than you imagined at first and build from there. Or maybe not. It depends on your financial situation.

But are there affordable homes in this area for first time buyers? Yes. There are options in almost all areas of the south Denver metro area. Some options are condo’s or townhomes, some are single family homes that may need some work or may be bank owned deals. It really depends on what level your first home will be. There are still options available, even with the recent credit crunch. You definitely need to be working with a trusted mortgage professional that will counsel you on the loan programs that will best fit your lifestyle and goals. Just remember what I said earlier, look for what you can comfortably afford, not as much as you can qualify for, there is a difference!

If you need help finding qualified mortgage professionals, just let me know. I have established relationships with a number of mortgage pro’s that will do just that. Keep your best interests in mind and work to find you the best solution to owning your first home. Give me a call anytime, I’ll be happy to help.

Steve Scheer,

Denver Real Estate

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