Making Lemonade In A Recession: How to Get A Good Deal in Seeley Lake

You’ve heard the saying, “when life hands you lemons, make lemonade!”  I think this principle applies particularly well to recessions and the  real estate market in Seeley Lake (and across the nation).  How?  Consider that whenever the economy hits a downturn, someone is having an upturn (for example, discount stores do very well in a struggling economy, even though big department stores suffer).  The same happens in real estate.

There are more than just a few people who are silently reveling in this recession because they are savvy enough to take advantage of it.  These same people will see big returns in the long term.  The trouble is, in a buyer’s market, many prospective home buyers make the mistake of trying to offer too far below the asking price for a property, and what they end up with is no deal at all.  So, how do you get a good deal and avoid wasting your golden opportunity in this recession? 

Do your homework and think about properties on a relative scale.  What was the home you’re interested in worth in the last peak?  What does the market really say about what it is worth today?  If a home is listed at $200,000, but was worth $400,000 in 2006, you’re getting it at 50% off!  This should bring some perspective if you’re not happy about the prospect of offering close to asking price.

Position yourself to use your home as leverage in preparation for the next boom in real estate.  The market is a constant of waxing and waning - there will be a next peak.  If you choose wisely now, you could set yourself up to be in a much better position when the time comes.  Many buyers are surprised to learn that they can sell right now, even though their price will be less than the peak, and then re-purchase a bigger, better, newer home for close to the same monthly payment.

Consider the positive cash flow of investment.  Talk with your real estate professional about what kind of cash flow you could gain with investing in property in today’s market.  It’s a great time to invest, and many people all over the country are taking advantage.

By being smart about buying and selling in today’s real estate market, you could join the silent revelers and be glad you chose to make lemonade out of this recession.  If you have any questions or want to learn more about how we, at Great Bear Properties, can assist you, please contact me, Kim Koppen!  I’m your Seeley Lake real estate expert and I’m ready to help you with all of your real estate needs.