When Is the Perfect Time to Invest In Real Estate
TODAY’S FEATURED PROPERTIES
Is now the time to purchase real estate? Everywhere you turn, the media is telling you about how bad the real estate market is. Foreclosures and Short Sales are everywhere. The real estate inventory is huge in Highlands County. Every street you drive down has several "For Sale" signs. The picture is total gloom and doom. But, is it and for who? In Highlands County this morning there are 2,250 homes for sale. Nobody truly knows the bottom of any market. The only way to know the bottom, is when the market starts going back up. When prices are down, investment opportunities are up. I personally think this is a great time to buy and there must be a great investment opportunity in one of these 2,250 homes. Your first step to investing in real estate in this market is to consult with a professional Realtor who knows the condition of the real estate market where they live and work.
The next step to consider when making Real Estate investments is:
1. Cash Flow - rental income vs. mortgage payment
2. Mortgage Packages or Interest Rates
3. Insider Hot Spots (commercial or residential, your Realtor will know)
4. New Home Builder Deals (with interest payments on Spec Homes eating them up, these guys are willing to deal).
5. Second Home vs. Investment Property
6. Motivation of the Seller (Is the home sitting empty because of a transfer and now the seller has two mortgage payment to make).
With the help on an experienced Realtor, maybe it is time you take a look at these great opportunities. I meet with many investors throughout the year to discuss the ideal time for buying and selling real estate. Remember, Real Estate is not any different than the stock market. When everyone at work is talking "buy" or the media is talking appreciation, most likely you are too late. This ship has already sailed and you did not get on in time. Don’t be the one missing the boat in this fantastic market. Call or email Maureen Cool today to discuss if this is the right time for you to investment in Real Estate. Maureen is an expert on the Highlands County Real Estate Market. Perhaps the next best Real Estate deal in Sebring, Avon Park, or Lake Placid belongs to you!
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