Shift Happens
Undoubtedly, as many of you have heard in the media, the real estate market is BAD. But I say “its unbelievable”. You might say “What does that mean Mark?” In a downward trending market the opportunities are staggering.
Over the past few years the inflated housing market has precluded many people from making investment property purchases. Any financial planner would tell a smart investor to diversify their portfolio. How many properties, for your retirement, do you own?
At present the prediction for the correction of the housing market is somewhere between 2010 –2015. BUY LOW SELL HIGH, isn't that the rule for any investment. The market is ripe for investing now! Not in recent history has the housing market been on a downward trend with all time low interest rates, allowing you to get great buys using cheap bank money.
You might say “ Well Mark if we are still in a downward trend shouldn't I wait till the market bottoms out and purchase then?” How do we know when the market will hit bottom, maybe its already there. Real estate is a micro market and many areas have seen increases in sales price over the last month. Additionally, If you wait what will the interest rates be then? You can never completely time the market. One thing is for certain - as any serious investor will tell you - Now is the time to buy!!!
Sellers don't be discouraged because if you Sell in a down market you will also buy in a down market. And if you don't need to Sell, sit tight. Real Estate is cyclical and right now we are in a shift.
But let me tell you
SHIFT HAPPENS!
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