Investors returning to the market!

Q. How do you know when it is a good time to buy or sell a house?

A. Watch what investors do, and do what they do.

Make no mistake, most of the smart investors sold at the peak of the market, well before the credit crunch hit, but now with prices down, a wide selection of properties and no shortage of ready tenant applicants, the market looks rosy for investors again. In fact in some areas like Brentwood and Antioch it is possible to find a 3 bedroom 2 bath single detached home which with 20% downpayment will provide a break even or positive cash flow and that has not been possible for years. Wise investors who have been through this type of market before understand that it is temporary. They buy when others sell and vice versa.

There has not been a better time to buy a home in well over a decade. First time buyers are nervous and rightly so. They want to wait until the market bottoms out. However the only way to know when that is is after prices have began to rise again. As long as you buy a house today and have a medium to long range ownership plan, say 3-5 years, you cannot be hurt!

What will hurt you is paying close to $2000/mth in rent for a property that is not yours, help your landlord payoff his loan and receive no shelter from Uncle Sam at Tax time!

Investors are buying NOW…shouldn,t you?

Related posts:

1. Why is it bad news?
2. What to expect in 2008
3. The #1 Issue…
4. Interest Rates Fall
5. Have we hit bottom?

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