If you are still struggling with your decision whether to buy Telluride real estate or not, then you may be missing out on the golden chance of cashing in during these most perfect investment opportunity. There has never been a better time than now to take the plunge and invest on Telluride properties.

Below we have listed seven reasons why you have to invest on properties right now.

1.The real estate market is now taken over by a majority of buyers. Home buyers have been given a great opportunity of getting the best home buying deals. There is a wide ranger of prime real estate properties that are priced lower than their appraised value. This is prime opportunity to get the best value from your real estate investment.

2.For those who are on the sidelines waiting for the right moment to pounce, here is a bit of good news. It is also a portent sign that time is also running out for those who are hesitant to make up their minds. As of latest reports, the effective rate for a 30-year mortgage which is at a fixed rate is about 4.82% on the average. Since the last check, this rate has dropped 1% from the same period of last year. You will expect the real estate industry is already ripe for a big rebound as this is the lowest mortgage rate since 2005.

3.We have now an abnormally high inventory of home foreclosures. Mortgage lenders have been needing to rein in on their increasing number of foreclosed assets and selling is their best solution because it loses them the least amount of money. Expect to get some good deals if you look in the direction of foreclosed real estates.

4.First time real estate buyers receive government tax credits. A buyer who has never owned a real estate property for more than three years and fall within the prescribed income bracket can avail of tax credit equivalent to 10% of the real property home’s tag price without exceeding $7,500. These tax credits can be applied by the home buyer for his taxes for 2008 and 2009.

5.There is an upward trend in rental rates due to increased demand for rented spaces. This is related to the increased preference of most families to rent home spaces amidst the difficulties that is hounding the real estate industry. In addition, for those families going through foreclosure of their real estate properties, their logical direction and only option is to rent home spaces.

6.With the very volatile and unpredictable and the increasing number of financial institutions succumbing to financial pressure, real estate investment is the way to go. It is the safest especially for those who are still wealthy, who are also expected to gain windfall profits once the real estate market and the economy rises again. Economic indicators show that such event is imminent.

7.With the combined effects of low interest rates and reduced real estate prices, you are expected to get more value from every dollar you spend for properties.

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This entry was posted on Tuesday, May 26th, 2009 at 2:45 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.