"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.