Are we in a buyers market ??

Calling all buyers, investors and the likes.. if you were holding out until the market hit its peak, WELL here we are. Smart move. The best time to buy is always on the down never on the up. Buying on the UP is risky, the risk comes into play in the event you need to sell or move for business purposes. So let me explain.. buying on the UP swing, which is usually high-priced properties over inflated numbers and high demand. Assume you bought a home at the peak for 1M, you love your home and all and have a fixed rate mortgage and life is going good. All of a sudden – WHAM you company wants to relocate you to OMAHA,  just sayin.. the market now has peaked and is where we stand right now at roughly 14-20 pct . shift from a year ago that equates to a loss of 140-200k. See how that hurts, see how many people find themselves here every single cycle.

So let’s say it stops there … Now the buyers that have been waiting to jump in decide that now is the time and they get to buy the Real Estate you bought for 1M for only 800k, they then have an opportunity to see the UPSWING when the cycle shifts… So if there are any first time buyers out there call me, if there are any people relocating call me.

Let’s figure out a plan and strategy to get you to your next chapter in the book of life.

After all that is what we are writing isn’t it? As for investment properties mainly multi family they too have come down significantly and for investors that were once willing to take a 3% CAP rate or 4% are now in the 5-6% range because they know, they know the prices are coming down, down and more down to a point where it will make cents and perhaps many dollars. THIS is the part of Real Estate I LOVE – talking and sharing my very simple approach to what can be a complex matter. SO here we are buyers and yes yes the rate is higher BIG DEAL the inventory is priced where you can finally afford to have a home and not be subject to a landlord. DIVE IN and get a fixed rate mortgage for 30 years, ok the payment remains the same for 30 long years – you can pre pay if it allows you to and hopefully you’ve done really good at work and your income GOES UP in those same 30 years. Real Estate is a win win situation for those that know how to play monopoly ..

Anyway I’m an oldie, but goodie – I love people so I love what I do , yeah yeah we can all be annoying that is normal…but let’s not be stupid with our money – we need that to retire. So make wise a choice and choose Real Estate …

Tyler Vincent Real Estate where the advice is FREE and the information is PRICELESS.

Call today and let’s discuss the market.