Well I'm sure many of the people reading this blog have heard the news stories of how the real estate market is crashing... Well, to be honest I'm sick of all the doom and gloom stories, and I think it is time to start looking at what is really happening.
In today's market property is not being bought up as quickly as it was a few years ago. This is true, but are things really as bad as what the media is making the public believe? No! Things have just shifted slightly more to the buyers advantage. With many properties on the market right now sellers are having to be realistic in their pricing. If a seller really wants to sell their property, they probably will. That is, if it is priced right. Most likely the sellers will make a profit on what they are selling. I know I would. I bought my house in Roslyn three years ago. Yes, I did make improvements, but I would still walk away with about 100K in profit if I were to sell today.
I think it is time to stop the doom and gloom stories of real estate out there. There are still both buyers and sellers. Yes, sellers are going to need to be more competitive if they want to sell, but it is about time if you ask me.
Let's all look for some good investors to buy property right now. The market has definitely not crashed... It has just changed, and that is something that is alway bound to happen in life.
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