I am sure you have heard the saying, “now is a great time to buy!” Almost every Realtor is echoing that phrase from coast to coast. They usually follow that up with
two reasons: Home prices are low and so are interest rates. Both true and good reasons, but I think you have to help people think even harder about why it’s a good time
to buy.
I saw this article today from Johnathan Clements of the Wall Street Journal and I think Johnathan gives people a few ideas why real estate and why now.
“Falling home prices spell opportunity for buyers, even if they already own a home and don’t want to be a landlord.
Here are three smart ways to invest in today’s housing market.
Trade up. Now’s the time to buy a larger home in a better neighborhood at what will almost certainly be a good price. To be sure, buyers will have to sell their old home at a modest price. Still this could be an excellent time to improve quality of life at a bargain rate.
Buy a vacation home. Buyers, especially those who are a few years away from retirement, could find this is the perfect time to buy a place that will be more than a vacation home down the road.
Help offspring go from renters to owners. This is a great time to give the kids an advance on their eventual inheritance so they will have enough money for a down payment. ”
