Buy Low, Sell High. Exactly!
Nov 28 Filed under: Investor Interests
Everyone’s heard the age-old adage “buy low, sell high.” It’s the mantra of all successful investors, whether it is in real estate, stocks or other investment vehicles. It’s an incredibly simple statement and quite true, yet extremely complex when attempting to put into practice. Until now.
If ever there was a time when the market was predictable it is right now. We are in a low cycle for sure and you don’t need to be an investment guru to know it. Just listen to the news. They’ve been foretelling of this economic meltdown for some time. So what do you do? Adhere to the advice in the headline. Buy low.
The real estate investment market has not seen the declines in value as some other sectors have, but there are very good deals out there. Prices have settled from their previous run-up and falling interest rates are making it easier than ever to get double-digit positive returns on investment. However, there are still buyers out there who question whether we’ve “hit bottom” yet. If we haven’t we sure are close and it’s important to remember the best deals will be made just before the bottom is found. Trying to make a deal when the market is rebounding plays to the benefit of the seller when negotiating. The time to be in the market is now.
Don’t believe the news reports when they say the credit market has dried up. For some large national banks that’s true. However, for smaller local based banks who didn’t get caught up in the euphoria of financing greed, there is plenty of money to lend. Qualified buyers will find local financial institutions with the same lending requirements and criteria as they had two years ago. Good credit and a strong down payment will almost guarantee approval and today’s rates are very attractive.
If you are looking to establish a strong investment portfolio for your future the time is now for getting in on the ground floor of real estate investment. We may never again see a market so predictable as it is right now.