NOW IS A GREAT TIME TO BUY IN MARYLAND'S EASTERN SHORE OR TO SELL YES I SAID TO SELL. I MEAN AT A BUYER'S POINT THE INTEREST RATES ARE GREAT, THE PRICE OF HOMES HAS COME DOWN SOME. I JUST HAD A CLINT THAT HAD THERE MORTGAGE 30YRS FIXED WITH NO POINTS AT 5.5% YOU CANT BEAT THAT.
SELLERS ALL FEEL THAT IT IS A BAD TIME TO SELL I STRONGLY DO NOT AGREE!!! I MEAN IF YOU BOUGHT IN 2003-2006 ID SAY IT MOST LIKELY IS NOT A GOOD TIME TO SELL IF YOU DO NOT HAVE TO FOR THEY BOUGHT AT THE PEAK OF THE MARKET. BUT FOR ANY ONE ELSE WHO BOUGHT BEFORE THEN IS STILL MAKING A LOT OF MONEY ON THERE INVESTMENT. OK SO IF YOU SOLD YOUR HOME THAT YOU BOUGHT IN 2000 AND SOLD IT IN 2005 YOU WOULD HAVE PROFITED $150K BUT YOU WAITED AND DID NOT SELL SO NOW IN 2008 YOU MAY MAKE $100K INSTEAD OF THE $150K. BUT IF IT IS THE HOME YOU LIVE IN WHEN YOU SELL IT YOU WILL HAVE TO REPLACE IT RIGHT? WELL THE HOME YOU WANT TO BUY HAS DROPPED JUST AS WELL SO YOU ARE GOING TO ETHER MAKE THAT EXTRA $50K AND PAY THAT MUCH MORE WHEN YOU BUY OR NOT MAKE IT WHEN YOU SELL AND PAY LESS WHEN YOU BUY. SO PEOPLE SHOULD BE TAKEN ADVANTAGE OF THESE GREAT RATES BEFORE IT IS TO LATE. IT'S LIKE THE STOCK MARKET, YOU BUY SHARES FOR $1 A SHARE AND THEY GO SKY HIGH IN NO TIME TO $20 A SHARE YOU THINK IT IS GOING TO GO UP EVEN MORE SO YOU DON'T SELL RIGHT? WELL IT TURNS SOUTH AND GOES DOWN TO $10 A SHARE YOU STILL HAVE DOUBLED. SO SHOULD YOU WAIT FOR YEARS FOR IT TO GO BACK UP TO $20 OR CASH OUT AND LOOK AT THE NEXT INVESTMENT. I MEAN LOOK AT HOW REAL ESTATE HAS WORKED IN THE PAST 50 YEARS IT GOES UP AND DOWN JUST THIS TIME IT WENT UP SO FAST THAT IT HAD TO REVERS IT'S SELF TO A LEVEL. THE DEFERENCE BETWEEN A GOOD INVESTMENT AND A BAD ONE IS KNOWING WHEN TO GET IN AND WHEN TO GET OUT!!!! MY THOUGHTS ANYONE ELSE HAVE A THOUGHT?
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