real estate: Buying strategies in a declining value economy
- 01/29/09 09:03 AM
Every financial planner will tell you to BUY ALL the time and your stock price will even its self out over time, but what about real estate? How do you buy real estate if you think values may be lower tomorrow? The answer is found in the 3 reasons people buy real estate. People buy real estate as 1) a "hedge against inflation", 2) as an opportunity to capitalize on value appreciation and 3) personal use. Notice that only one reason to buy is tied to value. So here is how we bring attention to another reason to buy. Personal Use: … (0 comments)
real estate: Making the most of Low Rates.
- 01/18/09 05:42 AM
In today's market in Kamloops, a monthly rent payment would often pay for much better accomodation if the renter chose to actually own. The low rates mean lower mortgage payments, increased buying power and reduced implications for debt servicing - the death of many a deal. With prices of housing falling and house inventory increasing, it is time to contact your clients who currently rent and advise them to look at their buying options. With the CMHC flexdown program, down payment does not have to be the deal breaker for the client. Now, not every client is ready to buy, for a number of reasons, but there is … (10 comments)
Every financial planner will tell you to BUY ALL the time and your stock price will even its self out over time, but what about real estate? How do you buy real estate if you think values may be lower tomorrow? The answer is found in the 3 reasons people buy real estate. People buy real estate as 1) a "hedge against inflation", 2) as an opportunity to capitalize on value appreciation and 3) personal use. Notice that only one reason to buy is tied to value. So here is how we bring attention to another reason to buy.
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