”I'm Going to Wait for the Market to Settle Down!”
Yes that is what a client e-mailed me the other day when I told him what we would have to do to get him an Investment Property in this market.
Well there was only one thing I could say and it had to be said very bluntly, “No, you are waiting for the market to settle up!” Because when this market is not as crazy it will be because prices and interest rates have gone up and cooled it off.
The market is crazy right now because people believe that the real estate recovery is starting. Now I am not saying all the foreclosures are done with and there is not a rocky road ahead; but the banks seem to finally understand that they need to work the Short Sales to save money. Obstacles to foreclosures are coming down. Interest rates are about as low as they can get.
The monster inflation is right around the corner and charging fast.
I have some strong opinions on this coming election. But no matter who wins real estate is a good place to have your money.
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Don't wait for the market to Settle Up!
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