IS NOW REALLY THE TIME TO BUY?
Whether you currently own or not, the real question here is a lot more complicated that it seems.
On the surface this decision is as simple as asking if prices will continue to fall begin to go up. The attitude is simply to buy low and sell high. The real estate market is having one of the biggest sales events ever. Prices are down at least 35% in some areas AND IN SOME CASES AS MUCH AS 50%!
So why not buy now and sell later for a profit. The basic question assumes a lot. It assumes that real estate is a liquid asset, easy to sell and buy. This is not always true. We have seen a sellers market just 2-3 years ago, and more recently a buyer’s market. Indeed today, depending on what price range you are in, it could be either. ALL ELSE BEING EQUAL this is definitely the time to buy. Prices are low, interest rates are low, the market seems to have fallen as much as it can and can only go up from here.
Overall these facts are ALL TRUE. So the answer seems simple: BUY – BUY – BUY!!!
Any critical thinker will however tell you that there are other factors to consider: This article will attempt to cover the most common of these. We will look at Liquidity; Timing; Opportunity Cost; Holding Costs; Management Issues among others:
To be sure we send you the best information for your situation pease request the correct report below:
If you are thinking of buying in the next 6 months, request
Report # B1
If you are thinking of buying later than the next 6 months, request
Report # B2