On November 28, the day after Thanksgiving, retailers will open their doors to waiting crowds of shoppers looking for the ultimate bargains. Limited quantities of high demand, on sale electronics and toys will fly off the shelves. Retailers are also advertising rock bottom prices on cars, trucks, jewelry, and appliances. Large supplies and reduced demand are driving prices to unprecedented lows. The same is happening in real estate. There is a large inventory of homes and property for sale in today's market. Tighter lending requirements have reduced the number of qualified buyers. The result is great prices on one of the best, if not the best, investments available today-Real Estate. This is truly a buyer's market. Will values continue to go down? That is a possibility. But, that should only concern you if you're planning on selling the property in the next couple of years. In other words, if you think you'll be transferred or if you plan to flip the property, then I would wait to buy. If you have any questions or to view available properties, go to www.KevinSavoie.com and www.StTammanyRepos.com.
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