Mar
8
CNN confirms!…Now is the best time to buy since 2004
Posted by Nadine Roberts under For Buyers, General Information
If you are wondering if now is the right time to buy real estate CNNmoney.com posted an article on March 5, 2008 “that this is the best time to buy real estate since 2004.” To see the full article follow this link: http://money.cnn.com/2008/03/04/real_estate/markets_less_overvalued/index.htm?postversion=2008030522 Every day when I look at the stock markets declining it makes me wonder if people are thinking the same thing I am….time to take money out of the volatile stock markets and invest in the awesome real estate deals that are out there today…before prices start to rise again. I have to chuckle when potential buyers tell me that perhaps they should wait to buy until interest rates go down again….folks I have to share with you a true story that when I purchased my first home in the early 1980’s interest rates were 17%!!!!I was tickled pink when the builder of the home we were wanting to purchase offered to buy down our interest rate to 13% for 2 years. We said HOT DANG what a deal….so we jumped on that deal in a flash!!! We refinanced the home in 2 years to a greatly lower rate and ended up selling that home after about 5 years making 30-40k in equity to put down on our next dream home. That’s how we started our real estate portfolio that just grew and grew and grew over the years. When I tell this story to my Buyers today they just laugh and think….17%??? That just can’t be! Well all you folks who remember purchasing real estate in the 1980’s know how true it was. I tell people now that there are so many good deals out there RIGHT NOW! If you wait until everyone gets the big picture here and starts to shift their investments back into real estate…those fabulous deals will be harder and harder to find. Now is the time to invest in Real Estate!!!
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