Tuesday, September 13, 2011

5 Great Reasons to Buy a Deep Creek Lake Home Now!

As the Coldwelll Banker Deep Creek Realty team, we understand that buying a home on Deep Creek Lake can be a huge decision!  Whether you’re considering purchasing a beautiful lakefront home as a vacation getaway, or are interested in settling down permanently in a home in the natural Deep Creek Lake surroundings; we know you have a lot of thoughts currently running through your mind.
Perhaps you already have your eye on a few of the Deep Creek Lake homes that are currently on the Deep Creek Lake Real Estate market, but are wondering if now is really a good time to buy a home.  With the fall season getting underway, I thought it’d be a good idea to point out five great reasons that you’ll want to buy a Deep Creek Lake home now and be settled in to enjoy this beautiful time of year in your new home!
1. Low Home Prices- In this buyers market, the competition for sellers is high.  Deep Creek Lake homes are selling at record low prices making now a perfect time to cash in on a great deal.
2. Low Mortgage Rates- Buyers are able to begin building equity right after they close on a home because of today’s lower mortgage rates. There’s hope that these low rates will encourage potential buyers to jump in to the real estate market and help with the healing process.
3. Move-in Ready Homes- According to recent studies by the Harvard Joint Center on Housing, there have been many home owners who have held off on selling their home. They’ve been waiting for the market to pick back up, and while waiting have either put money into remodeling or have kept their home in good repair. They wanted to make sure that their Deep Creek Lake home was in ideal condition before listing since it is a buyer’s market with many other homes from which buyers can choose. That’s great news for those who are buying, as most homes are in move-in ready condition!
4. Low Down Payment Mortgages Available Low-down-payment financing through Federal Housing Administration-insured mortgages is available for owner occupied properties as an additional incentive to buy a house now. Down payment minimum requirements also fluctuate and may increase as the market heats up, so potential buyers with less cash to close on a deal may be well-advised to buy now.
5. Lenders Offer No-Fee Mortgages Many banks and other lending institutions are waiving mortgage loan generation and other fees and points (each point represents 1% of the loan amount), thereby reducing the cost of buying.
I hope that these five factors will help you in making your decision to buy a Deep Creek Lake home.  As always, please feel free to contact me or anyone on the Coldwell Banker Deep Creek Realty team to with any questions you may have or to get started!  We guarantee you’ll enjoy the Deep Creek Lake lifestyle and your new home for years to come!
We look forward to talking with you!

Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

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