Blog entry 4/2/2008 

I had to wait till April 2, so no one would think this is an April fool’s joke. The market is still very good here in Montrose Colorado.  The foreclosure rate is about normal  and we are not seeing people living under bridges or walking away from their homes.A nice community to live in will always be in demand and my favorite saying is “they are still making more people”.  So these people will need some place to live, either rent or buy.  So for the investor a great time and a big news flash….FHA/VA has raised the purchase price limits to $275K.  That is a huge improvement and with 97% financing available, this will open the door to many first time and other home buyers.   PLUS, if you get the seller to contribute up to 3% of the purchase price the buyer gets 100% financing.  

Ok, let’s review, purchase limits $275k, 97% financing, what is wrong with this?  Absolutely nothing.. 

Give us a call and we can clarify how the seller contribution of 3% works. 

In addition to all that good news.. We are rolling out Mountain Shores Village and Estate lots this month.  April 17^th at 5:30 at the Bridges at Black Canyon,  a nice evening get together with food and drink and a huge opportunity to be part of this great development.  One half ac. estate lots, a new urban  village, it is indicative of the Real Estate climate here in Montrose.  We will have pre-release pricing  on these lots for one night only.  RSVP me directly. 

I find it a bit hard to sit down and do this blog, due to the activity in Real Estate; however I promise to be more diligent in getting out the “real” story about Montrose Colorado Real Estate. 

BTW, go to www.resortdestinationproperties.com for a bit of an insight on how we are attracting buyers to this area.