2009... the time to buy! A Buyers' Market is a "Trading Up" Market. Buying power has increased due to home prices dropping by at least 5-20% over the last year or two and the recent drop in interest rates! Though the current home is not worth what it once was, the savings realized on the purchase of a "move-up" home should offset any loss incurred in the sale. In addition, the new home is often better positioned for appreciation when the market rebounds. This "trade-up" is the strategy used by successful real estate investors. Each real estate move made will over time help improve net worth and accelerate the growth rate of everyone's financial bottom line. In fact, on average over 60% of an individual's net worth is in their home.
With increased market activity, record low interest rates, and well-priced properties, NOW is the time to determine your personal buying power and take advantage of this opportunity to improve your future! Here's to a healthy, happy, and prosperous 2009!
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