Discussion on pockets of Real Estate that are not stable or falling are common. However, that is the last thing any buyer should be concerned about right now. The obvious reason is at work. The major downturn (loss) has already taken place. We have had the CRASH already. Dips and hiccups are par for the course. The message: BUY NOW
THE BIG SCHEME OF THINGS
Little fluctuations wont matter much. If anything, use this time wisely to shop for something to your liking and benefit. Many places that were priced out of reach have come down to earth making themselves reachable/affordable for the first-time in years. One thing is for sure, you need a local agent for clarity, guidance, and counsel.
EXAMPLE OF VALUE
I want to emphasize a point. Things that were once lets say priced at $500k are now going for about $300k or less. The steep drop is closer to the true value and buying at that price makes the purchase-almost fool proof. You cannot lose
SOME GEMS OUT THERE
Remember too that a lot of these homes have had money spent on them and in them with upgrades courtesy of the former owners who took out loans to do so (moment of respectful silence please). Upgrades in carpet, painting, flooring, fixtures, spas, BBQ's, landscaping, and the like are common. Clearly you will get your monies worth
GIVE OR TAKE A PER CENT...NO MATTER
Even if prices dip slightly after you buy, the payments on your purchase still work because of the price and the interest rates being attractive and competitive. We are talking historic lows. Resetting of values may only come in one life time. This is definitely happening now. The window to safely purchase is now open
THE RENT RULE
If you can rent the property out for the payment or close to it, then you got something here. This applies to the normal at large property in a specific range. The "rent it out" rule holds making the buyer right and secure in their purchase thinking. Your purchase risk is mitigated. Proceed with confidence
LUCKY BUYERS
Why lucky? Because you know what you are getting and where you stand clearly. That makes for exciting times to set-up a home or an investment for the future years to come. Those that purchase today will look back years from now with a deep satisfaction that they honored the time and tested first rule of the common Real Estate phrase to.....
BUY LOW....
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