While most people see the market as the tide where all homes rise and fall together, that is not what is happening in Or community now. The Obama money is creating demand for less expensive homes but the rates of Jumbo money and the over supply of upper end homes is causing larger homes to come down. It is now the perfect storm for the move up buyer. they can get top dollar (read top dollar in this market) for their home and get a bargain on the new one.
As agents it is less expensive for us to move in and out of homes than most, so now is the time for us to lead by example and take advantage of the great values if you have been considering doing so.
It is also a great time to start your investment portfolio. Millionares are not made during the boom times they are made during the down times by purchasing at great values. Remember you can make a living by selling real estate but you can create wealth by investing in real estate. For young agents you should buy one rentlat home per child that you have. that will really easy the pain of paying for college. After selling off my rental homes during the boom, i am now restocking my shelves while there are tremendous values. i recently put a condo under contract myself which can rent to cover my overhead and have tremendous up side when the market turns. And it will turn if you have not already seen it in your area.
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