Recently associates and I participated in a webinar concerning short sales and distressed properties nationally. The speaker spoke of the percentage of homeowners who purchased homes who have later found themselves unable to pay the mortgages. There is a lot of speculation about how this has happened, placing blame can't help any of these people.
Now is a great time to buy investment property as lots are priced below 2006 prices. Of course, there are sellers that do not have to sell but that is evidenced by the list price or removal of the property from the market. Developers and or individuals who were unable to invest years ago, now have a great opportunity to purchase a property at a great price.
Owning property on Topsail Island was a dream of ours years before we were able to buy and there are many of you who feel as we did. Don't wait til a year or so from now and say "I had a chance to buy ...., if only". Now is a great time to buy!
linda
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