When is the right time to buy?
Contrarians go against the flow. I had numerous clients buy income property during the last downturn and also assisted first time buyers gain entry into the housing market. Needless to say they have all made money (paper profits). When is the best time to buy real estate? When will we hit bottom? Have we hit bottom? Who knows? But if interest rates take another downturn, you should seriously consider purchasing your first home.
And this from Glenda - thank you Glenda! ……..How do you tune out all the chatter and ink on recession, housing, subprime woes, the credit crunch, rogue traders, insolvent bond insurers, $100 oil and nukes in Iran? It's enough to make you sit on your thumbs and wait before making any big moves. But what, exactly, are you waiting for? …………When prices are falling, few people have the discipline to buy stocks, a house, gold, art or any other asset. But those who do pull the trigger excel in the long run. As John D. Rockefeller famously said, "The way to make money is to buy when blood is running in the streets."
Read more here:
And this from Glenda - thank you Glenda! ……..How do you tune out all the chatter and ink on recession, housing, subprime woes, the credit crunch, rogue traders, insolvent bond insurers, $100 oil and nukes in Iran? It's enough to make you sit on your thumbs and wait before making any big moves. But what, exactly, are you waiting for? …………When prices are falling, few people have the discipline to buy stocks, a house, gold, art or any other asset. But those who do pull the trigger excel in the long run. As John D. Rockefeller famously said, "The way to make money is to buy when blood is running in the streets."Read more here:
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3/17/2008 8:56 AM
Los Angeles Real Estate Blog wrote:
My job, is not to convince BUT to assist! If you want to be a homeowner and it is not ANYONE’S “job” to convince you – it is in your heart –Do YOU want to be a homeowner? If so:DO: Evaluate your credit - work on it and get your FICO scores as high as possible in order to obtain the best interest rateAttend open houses, get a feel for the market, connect with a Realtor, and pick their brainSave money, expect to sacrifice, the sub-prime fiasco has taught us – there is no free lunch DON’T Expect ...
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