"Why should I invest in real estate this year?"  Here's eight great reason to do it now...

#1. The Market is LOW!
Prices have been falling for the past year or so, and are down about 10% in some areas. In fact, this is the first time since the great depression when prices have decreased like they are now. Buy low, sell high.

#2. Foreclosures are on the rise.
Homeowners who are falling behind on mortgage payments and banks are foreclosing at an unprecedented rate.  The banks are then reselling these properties at a deep discount.

#3. As a buyer, you have options.
Listing inventory levels are very high, giving buyers more houses then ever to choose from.  Across the Twin Cities region, there are 10 houses on the market for every one buyer (MAAR Research).

#4. Interest rates are low.
Interest rates are near historic lows, making it more affordable to borrow money, leading to lower payments and allowing a buyer to qualify for a higher-value property.

#5. Mortgage brokers are working hard for your business.
There are fewer transactions taking place in the market, leaving smaller pieces of the pie for each mortgage broker. Competition between mortgage brokers is becoming tougher, resulting in the cream rising to the top, with the ones who were not taking the job seriously leaving the business.

#6. Real estate agents are working hard for your business.
Like mortgage brokers, with fewer transactions taking place in the market, real estate agents are competing more for the business that is out there. The agents who are surviving are the ones providing exceptional customer service to their clients, and the ones who are becoming creative and embracing the changing market.

#7. Many other investors are simply arm-chair investing.
There are lots of buyers out there right now; some can't pull the trigger, and some won't.  Many have to sell a current property before they can purchase another one.  Others are nervous about the market and are waiting until it turns around to buy something.  If you wait that long you'll miss the boat, the good deals are out there right now. Take action!

#8. Because you live in the USA.
The United States is one of the best countries in the world for buying and holding real estate.  Mortgage money is readily available to nearly anyone with ok credit and some kind of income, and property ownership rights are well established making real estate a secure investment.

So you decided you want to get started, but now where to begin?  Contact Me and I can begin to guide you down the path towards building wealth for you and your family.  You can also visit the Real Estate Investor Resources section at www.MyNextNewHome.com where you'll find valuable networking connections and market statistics to aid you with your investing.

 

 
This post has been included in Wisconsin Information Saint Croix County, WI Information Hudson, WI Information
Post is included in group: ABR/REBAC

11 Comments on 8 Reason to Invest in Real Estate in 2008

FEB
09
2008

Chris-

I couldn't have said it better myself!  Action is the key word here and no matter what state the buyers are in, it's a great time to invest in the United States Real Estate Market.  The housing prices wont stay low for too long, people need to take advantage of this huge opportunity to build equity fast in the next couple of years.  The United States is one of the best countries to invest in Real Estate right now, in Washingon State we are seeing more and more foreign investors in residential and commercial real estate!  The national average for foreclosures is 1 of every 617 homes.  In Washington our average is 1 in every 1072 homes!  We are doing great, although our prices haven't dropped as much as some other areas of the country, the buyers are still offering under asking price for most suburban homes.  Washington is home to some of the world's top companies like Microsoft, Boeing and Starbucks, our economy is holding on! If you want to know more about why now is a smart time to buy, check out my website: www.johnlscott.com/vanessag and click on the "why now is a smart time to buy" icon. 

12:03pm • #2
243,118 Points 3 Featured Posts Outside Blog

Chris,

In most areas of the country the real estate market offers great buying opportunities for consumers and investors alike. Prices are soft and inventories are plentiful and mortgage rates can't get better than that.

12:07pm • #3
412,228 Points 2 Featured Posts Localism Sponsor Outside Blog
We are not seeing "The banks are then reselling these properties at a deep discount.". Foreclosures and short sales are going at market price in Danville CA.
12:13pm • #4
109,021 Points 11 Featured Posts Outside Blog

Chris, Now is a good time to buy. Real  estate is always a great buy and hold investment.

Bill Roberts

1:25pm • #5
215,671 Points Outside Blog

Great post Chris.  Thanks for posting to our group.

Have a great weekend!

2:15pm • #6
FEB
28
2008
2 Featured Posts

Great idea for a post and very compelling advice Chris. 

 

PS we've had good interest in the listing, no bites as yet!!

 

 

9:17pm • #7
FEB
29
2008

Hello!

We'd love to hear more of your views and outlook on the market!  Would you like to become part of our community, network, learn and teach others about what you know.

Please come and introduce yourself!

Investors Lounge Online is networking communities where like-minded people gain knowledge, share ideas, information, and resources and help each other achieve financial success through real estate related investments.

We would like to know about your interest and learn some thing from you!
Respectfully
Hanh Dang Brown
7:32am • #8
JUL
30
2008
1 Featured Post

Excellent points made for my market.

9:13pm • #9
JUL
06

Thanks for the post

Idaho Real Estate

9:44am • #11
OCT
18

Great advice.  As long as an investor does there homework.

4:05pm • #13

This blog does not allow anonymous comments

 
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Chris Schulz - St Croix Valley Real Estate

Hudson, WI

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Keller Williams Integrity Realty WI/MN

Address: 2424 Monetary Blvd., Suite 201, Hudson, WI, 54016

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