I try to keep my clients informed. It seems everyone wanted in on the investment opportunities of the past couple of years when we were in a hot seller's market. All of the sudden everyone wanted to become a Real Estate Investor to try to make some quick cash! Well those days are over, as you have heard I am sure.
Now a lot of buyers are sitting on the fence it seems. Waiting for the bottom to fall out even more. However, NOW is a Great time to buy Real Estate in most places for LONG-TERM investments. It is a Buyer's Market and there are a lot of Deals you can find that we haven't seen in a long time! But the mentality of fast cash has to go. You need to look at this as long term. In the long run Real Estate is a smart choice for investing. Even if prices do drop some more, as long as you are keeping your property for a few years, eventually the values should come back up.
Do you have the patience, handiness or contacts to help you manage rentals? If so, now is an excellent time to buy some properties you could rent out. That would be an excellent way to prepare for retirement. With the new standards in the mortgage industry,many people will have to rent for a while. Not all, of course, if you have the down payment and good credit, now is the time to take action and purchase a home or investment! Unfortunately, not everyone can qualify and will need to rent for a while.
If you have the financial capability, my advice is to build your property portfolio and make sure you check your resources so that you make a Wise Investment Choice. Working with a professional always makes it easier. A Realtor can help you determine your needs and help you choose the best property for your situation. When we work for you as a Buyer's Agent, we work as YOUR Agent, with YOUR best interests in mind...NOT the Sellers! The Seller's Agent will be representing them. It is smart to have a Realtor in YOUR CORNER! If I can ever assist you, feel free to contact me. Thank You!
Tina McDermott
Homebuyers Link Real Estate Group, Ltd.
www.buyahouseorcondo.com