Buying A Home In Today's Distressed Luxury Market
Real Estate Articles For Home Buyers

Right Now Is The Best Time To Buy A Distressed Upscale Luxury Home

  • Date: Jun 1, 2011
  • by Jeff
  • Category: Buying
There Has Never Been A Better Time To Buy An Upscale Luxury Home

Everyone knows the real estate industry is facing some pretty rough times. No one has been spared - even the high-end, luxury market has been dramatically affected. Ongoing economic uncertainties brought on by a government in total disarray have forced many high-end homeowners our of their dream homes.

There Has Never Been A Better Time To Buy An Upscale Luxury Home

Everyone knows the real estate industry is facing some pretty rough times. No one has been spared - even the high-end, luxury market has been dramatically affected. Ongoing economic uncertainties brought on by a government in total disarray have forced many high-end homeowners our of their dream homes.

Savvy home buyers have been waiting for such a prime opportunity as this!

  • Excess foreclosure inventory continues to drive down home prices

  • Banks are more motivated to liquidate their inventory

  • Interest rates remain low


Keep in mind home values will not stay low forever. Neither will interest rates. Over time, home prices will bounce back. Like every financial market, real estate fluctuates between peaks and valleys; high cycles and low cycles.

"The housing crisis that swept through working-class and middle-class communities across the country is now creeping into the leafy driveways and the gated communities of the nation's most exclusive towns." - Wall Street Journal, September 19, 2008


Many savvy home buyers have been waiting for this opportunity. They are well-aware that these beautiful custom homes will sell significantly below market value. Now is your chance to comfortably live in the finest neighborhoods of Denver, Colorado Springs, Dallas and Ft. Worth. No need to over-leverage yourself or live beyond your means. With today's home prices, it actually makes sense.

It's no secret that today’s luxury market heavily favors the Buyer. Excess inventory, low interest rates, and motivated Sellers have created a prime window of opportunity.

  • Sellers need to sell quickly

  • Interest rates remain low

  • Contract terms may favor the buyer

  • Bank-owned inventory is stacking up

Keep in mind -- home values will not stay down forever. We all know real estate works in high-low cycles. Home prices will bounce back. Smart people who buy during this time will reap the rewards at the top of the high cycle.

"Foreclosure sales at auction are now at a 26-month low, and foreclosure filings have been near 30-month lows for the past three months, although foreclosure totals remain at historic highs," division spokesman Ryan McMaken said in a release. Denver Business Journal


On this site you can search metro Denver – Colorado Springs, as well as, the entire Dallas - Ft. Worth metroplex for the homes of accomplished millionaires that are now in distress: luxury foreclosures and exclusive estates eligible for a short-sale. All located in the most exclusive areas including gated communities, golf course communities, water front homes, and country club areas.

If you find a home that interests you, simply schedule an appointment to set up a tour. One of our highly qualified real estate agents will make all the arrangements to accommodate your schedule.

Start your search today and good luck on finding your Million Dollar Dream Home!!
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About Jeff Wimpy

Jeff Wimpy - Denver Real Estate Jeff Wimpy is a licensed Colorado Real Estate Broker with Cherry Creek Properties in the metro Denver area. With over 20 years of leadership and management experience, Jeff is passionate about helping others find success. Jeff began his career working in the non-profit sector where the "cause" and the needs of others were always top priority. He also…

About Ron & Pat Gunder

Ron and Pat Gunder - Colorado Springs Real Estate Ron and Pat have been full time real estate brokers since the 90’s when they started their career with Perry and Butler. They have helped almost 700 people relocate from all walks of life -- from first time homebuyers to baby boomers looking to "right size". They have built two real estate…

About Betty Wimpy

Betty Wimpy - Dallas Real Estate Betty Wimpy has been serving the needs of homeowners for more than 15 years. While she's a veteran in buying and selling residential real estate, she is also an expert in short-sales and foreclosures, mortgage financing, and title preparation. She has worked for and served the public for more than 25 years.