HEY EVERYBODY!!! THE TIME IS NOW!
Many people think that this is not a good time to invest in Real Estate, because the market is "unstable", because it might drop "a little bit more".For all this people, just think about the following:
The market in San Diego county has dropped 15 to 20% in the last year and a half, this is a larger drop than the one we went through in the 1980's and 1990's, none of those was larger than 14%.
Sellers are VERY motivated to sell, hence you can get an even bigger price cut.
If you are waiting for someone to come on the nightly news and inform that prices will officially start moving up again, it is not going to happen.
Interest rates are very attractive.
Economy is strong.
It is precisely this "instability" in the market, the one that creates uncertainty and fear in the mind of the sellers, and that is what works to the benefit of the buyer. The moment the market "stabilizes" it will also "stabilize" for the sellers. Then, at that point they will stop accepting low ball offers and the buyer's market will be officially OVER.
1 comment:
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