If you're tired of the stock market "roller coaster ride", the solution to your problem is right here. Let's begin with the facts that are stopping many would-be first time real estate investors and even some experienced pros, especially when you believe the stock market is beginning a great upswing. 1. We are in a turn-around economy (depressed, it you want to really be negative about it). Comment: Yes, the economy is slow. People are pulling back. Anyone who wants to sell their home, and can wait it out, is not willing to sell now, while prices are down. Those who MUST sell, are taking much less than they could have sold for six months or a year ago. But, it may not be all bad. My wife has a home listed that, six months ago would have sold in a minute for $380,000. Now, the price has been reduced to $325,000 and it still hasn't sold. Now consider this. The home was purchased a few years ago for $110,000. Sure, it would be nice to find a buyer at $380,000 but even a $310,000 selling price will result in a $200,000 profit for the seller. Remember, this applies to someone who must sell now. 2. Real estate just isn't selling. We are in a "buyer's market" (right now). Comment: We are in a buyer's market. If you have considered beginning your real estate investment program, now is the time to jump in with both feet. You'll have a large selection of properties from which to choose...at realistic prices. Even if you are starting out with a single family home to rent out, your selection of well priced homes should be plentiful. 3 Home prices are out of reach for many potential buyers. Comment: Fortunately, or perhaps unfortunately for home sellers, point number three works in buyer's favor. If you own a small home or apartment complex, you'll find all kinds of tenants who are priced out of the home buying market and must rent for the indefinite future. You'll have a ready market of potential renters. 4. This is the time you need to wait and see what is going to happen to the economy. Comment: If you are serious about becoming involved in real estate investing, now is NOT the time to wait and see. As soon as the economy turns around (which it always does), you will not have the selection of properties and potential tenants that you have right now. Now is the time to get serious about securing your financial future in real estate. If you don't, prices will be high again before you are ready... or knowledgeable in real estate investing. Let's add one more factor to make it even more dismal. 5. Many cities in the country have manufacturing plants that are out-sourcing, laying off employees and reducing or eliminating pension programs. Experian is a global leader in providing information, analytical and marketing services to organizations and consumers to help manage the risk and reward of commercial and financial decisions. Combining its unique information tools and deep understanding of individuals, markets and economies, Experian partners with organizations around the world to establish and strengthen customer relationships and provide their businesses with competitive advantage. For consumers, Experian delivers critical information that enables them to make financial and purchasing decisions with greater control and confidence. Clients include organizations from financial services, retail and catalog, telecommunications, utilities, media, insurance, automotive, leisure, e-commerce, manufacturing, property and government sectors. Copyright © 2010 Netbuc Site Owner: Udo Ginczek ALL RIGHTS RESERVED |
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