Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Good Market or Bad Market?
To be quite frank with you I am sick of discussing it. I feel like a record stuck on the same groove. Day in & day out I answer the question over & over again.
True, I work with mostly investors so this information is in fact, important to them to know. Not crucial though. Let me explain. Investors buy real estate (or stocks or bonds, etc) all of the time, in good & bad markets. They just make sure they are getting the best 'deal' at the present time.
In real estate that means that it matches your criteria. What is YOUR criteria for buying? Are you looking for a second home? Cash flow? A long term investment? Short term? Retirement home? Can you afford to hold the property or are you expecting to have it sold or rented right away?
If you do not have your criteria determined, you better figure it out before you start buying. You need a business plan. Real Estate investing is a business, you wouldn't start a new company without a plan would you? I sure hope not.
To simply call an agent & ask if now is a good time to buy is absurd. We need ... more
Are you on The Rain? Grow Your Network!