A few years back, there was economic bubble then a recession and many people lost their hard earned money they invested on property and it made it a scary option to invest hard earned money in real estate.
However, this same economic problem that rocked the entire world also made it possible for creating tons of opportunities for people having sound financial health to purchase a property well under market value and thus are in a profitable position today.
Here are a few reasons which make a market, a buyer’s marker, i.e. the right time to invest in real estate.
- Low Interest Rates on mortgages
Quite some time back, the mortgage rates were very low and it lured many people to invest in property as well as homes. However, some of them became greedy and ended up borrowing against their equity and that was a bad move and resulted in the downfall in the market of real estate. So Low Mortgage interest rates are an important indicator to be kept in mind.
- People Facing Foreclosure so there is a Higher Volume:
When there is foreclosure and people have to vacate the houses, the market always finds new renters and therefore the investors need not to worry about rental income or about paying back mortgage amount while investing in a property.
- Preferences of Houses over Apartments:
People often do not prefer staying in apartments or taking them on rent. Homeowners find it a step back if they have to shift into an apartment. It can be a great opportunity for investors. Another thing is that people having own houses are supposed to be better tenants as they treat the rented house as their own property. This feel in missing in apartments.
- Low Real Estate Prices:
If you find that in some market, the prices of real estate are falling or are real cheap, it is the right time to invest in them according to the economics of real estate. Whenever you consider buying your own property, you must check the prices prevalent at the places you prefer to invest. The prices should be reasonable and before taking decision, make sure that payments towards house should follow cut down trend instead of inflation.
- The Short Sale Market:
Whenever you find people with no equity and faced with a short sale market, consider that as golden opportunity for investment as you can find good property at throw away prices.
- High returns on Long-Term Investments
Despite of facing crisis owing to recession, real estate market is still profitable if you invest for long term as there are steady improvements in the price of land with passage of time provided it is valued properly. If you look back 20-30 years you will find that the value of real estate has appreciated with time and hence making it a worth to invest in it. If you are worried about paying mortgage, you always have the option of giving your property on rent. These are some of the advantages of investing in real estate whatever the market is doing.
Call our Blonde Girl Homebuyers office located here in Jacksonville Fl if you are considering getting rid of your house to one of those we buy houses companies. We specialize in buying houses that are in need of repair that people need to sell fast. We can pay you cash for your hose and close in as little as 7 days if needed. Call the number below:
3948 3rd St S # 134
Jacksonville Beach FL 32250-5847
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