15
GOOD REASONS TO BUY A HOUSE NOW IN COLORADO SPRINGS!
1. Home prices adjusted to a lowest level in more than 3.5
years in Colorado Springs, Many deals to be made!!! (October 2008).
2. Interest Rates are close to 40 year lows. 30
Year fixed rate mortgages are priced around 5.5% and could go lower.**
3. Forbes Magazine picked Colorado Springs as One of the
Top 10 Cities in
the U.S. "Where Prices are Likely to Rise in the Near Future".
4. Smart Money Magazine (THE WALL STREET JOURNAL MAGAZINE OF
PERSONAL BUSINESS) Picked Colorado Springs as it's number 6
“TOP 25 MARKETS TO REBOUND”.
5. KIPLINGER Magazine “BEST CITIES TO LIVE, WORK
AND PLAY” Chose Colorado Springs a it's number 5 Choice.
Kiplinger
Link
6. The 2008 edition of "Cities Ranked and Rated" Ranked Colorado
Springs as the Number 4 Best Choice
Best
Places Link
7, Colorado Springs is Ranked 38 out of 100 U.S. Cities to Attract
25-34 year olds. Denver's ranking was 59. Welcome Gen Y and
X. Affordable housing ad great jobs.
8. First Time Home Buyers can get up to $7500 Tax Credit when
Purchasing a Home before July 2009.*
9. Home buyers at certain income levels can now deduct mortgage
insurance associated with their loan.*
10. Homeowners have the ability to deduct mortgage interest from their
taxes, this is the largest tax break a person can have.*
11. Homeowner have the ability to deduct real estate taxes
from their taxes every year as well.*
12. The market is getting stronger so less potential for
financing issues should arise. Colorado Springs is in a
stabilizing market not declining.
13. In the year a home is purchased, the cost of obtaining a
loan, origination, discount points, and pre-paid interest are tax
deductible.*
14. A home owner will pay NO capital gains taxes if they sell
their primary residence. This is as long as the capital gain
is less than $250,000 for singles and $500,000 for married couples.
This is only on the gain not on your sale price. If
you bought your home for $300,000 in 2005 and sold that home for
500,000 today your gain would be $200,000 tax free.*
15. Currently the troop level at Ft. Carson is approximately
18,000. That level is anticipated to go to 23,000 by 2009 and
28,000 by 2011. Troops. spouses, and family will account for
an approximately 70,000 additional people in the Pikes Peak Area by
2010. This is a great time to be an investor in a rental home
or buy now so you can take advantage of appreciation.
* Please
contact your Tax Advisor for Specifics
**Subject to Terms and Conditions with Lending History and Daily Loan
Pricing
