Don't Let 2009 Slip Away Without Taking Advantage Of The Real Estate Opportunities!

By
Real Estate Agent with Coldwell Banker Resort Realty, Sandpoint, Idaho SP37235

In 1975, as a young man I recognized the incredible opportunity real estate investments offered. I spent every penny I had to cover the down payment on a 3.5 acre parcel in Pitkin County...home of Aspen. On the parcel, East & West Sopris Creeks converged...year round creeks in "water-starved" Colorado. The acreage sat at the base of Sopris Mountain...one of the most majestic peaks in the state. My wife & I were thrilled with our unbelievable good fortune. Total price for this parcel was $18,000.00 - my down payment was $4,500.00. Life was good...

In 1976, we found our lives changing and we were in a position where we had to sell our dream property. We found a buyer who was willing to pay us $18,000.00 for the parcel...we needed the money and we took it. In 1985, "our parcel" sold for $995,000.00. So much for smart real estate investing...I guess it worked for our buyer pretty well.

Today, in 2008, we see property nationwide selling at 2003 prices or lower. We have historically low interest rates and there is plenty of money to lend to qualified buyers. I will not let this opportunity slip by. It would be a shame to look back at these times in 2018 and lament about "what could have been". It is shocking that the real estate environment is still resisiting this golden opportunity. Let's get the word out and have fun as smart realtors and investors!

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Topic:
ActiveRain Community
Location:
Idaho Bonner County Sandpoint Schweitzer
Groups:
Realtors®
Coldwell Banker Group
WATERFRONT REAL ESTATE
Million Dollar Homes
Tags:
real estate investing
investments
sandpoint
rockies
schweitzer
mountain lifestyles

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Rainmaker
1,073,753
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

This will go down as one of the best buying opportunities in our history. We have never had interest rates at record levels combined with such a large drop in housing values.

Dec 25, 2008 12:40 AM #1
Rainer
301,270
Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes

Hi Kent and welcome to active|rain.

With interest rates a record low and home prices decling it is really the year of the buyer! Most people looking to buy this year will be able to pick up some incredible deals. 

There are thousands of tips, tools, and tricks of the trade here. Be sure to check them out. Best of luck and see you around.

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Dec 25, 2008 08:31 AM #2
Rainmaker
605,394
Kelly Willey
Coco Plum Real Estate, Kelly Willey, FLORIDA KEYS - Marathon, FL
Florida Keys Luxury Sales, Marathon, Key Colony

I would if i could but no one will do the stated income loans for us Realtors anymore

Dec 27, 2008 11:35 PM #3
Rainer
11,271
Tracy Miller
Canton, MS
S. S. Specialist

Kent:  I agree with you one hundred percent.  This is the perfect time to buy real estate --- while prices are unbelievably low.  Hopefully, those still sitting on the fence will get off it and start taking advantage of the endless real estate opportunities that are currently available.

Dec 29, 2008 03:29 AM #4
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Rainmaker
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Kent Anderson

from Schweitzer to the Lake
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