Deal or No Deal?
It's getting awfully tough to find ready, willing and able buyers these days. It's getting very easy to find desperate sellers. Yet so many buyers are still sitting on the sidelines waiting. I wonder what they are waiting for. I went out to look at several properties this past week and I saw some pretty good deals. I just put in an offer of one of those homes. I looked at another home this morning w/a good friend of mine who wants to get into the real estate game of investing. We both liked what we saw and will most probably be putting in an offer on this home after we run the numbers to make sure that there is still plenty of profit left in the deal after we rehab the home. This is a very good time to hook up with a very knowledgeable professional team that can make your dreams of home ownership or real estate investing come true. I predict that in 10 years from now most of the properties that will be bought from 2007 to 2009 will experience a tremendous rate of return and those of you who are smart enough to be one of those buyers will look like geniuses. The beauty is that not only will you seem brilliant but you will also be wealthy, now that's a great combination that really works for me :)
posted by Bethany @ 10:23 AM
2 comments
2 Comments:
A house is not an investment. A house is something in which some one lives. Prices are too high to justify buying a house as a place to live.
I know you treat a house as an investment. And, you believe another investor will purchase your house for more money in the future.
But some people just want a place to live. And, for those people, prices are too high.
A house is always an investment whether you live in it or not. For most people it is the biggest financial investment of their lives and the one that gives them the biggest return on investment. People have been saying 'prices are too high' for years. They said back in 1981 and they said it again in 1988 and most recently in 2005. Mark my words, those who buy "right" in the next couple of years will seem like geniuses when the next "Up cycle" returns.
As for your comment 'some people just want a place to live', you are absolutely correct, most average people are not real estate investors yet the same care and analysis should be done when buying a primary residence as is done when purchasing an investment property. You should be vigilant in making absolutely sure that your primary residence suits your financial and emotional needs. Investment properties DO NOT have to suit anyone's emotional needs but your primary residence darn well better!
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