Listen… there are what guest after guest on my radio show are calling ‘generational opportunities’ out in the real estate market today. If you are blessed, and have the funds to invest, do not wait any longer for the ‘bottom,’ — it’s here and the time to move was yesterday. Be sure you work with a reputable pro who knows you, your market and your wants/needs.
Many feel the same as I do about this market. According to a new Move, Inc., survey, interest in real estate as an investment has more than tripled in the past year. In fact, 17.2 percent of potential home buyers today say they plan to purchase a home in the near future as an investment compared to just 5.6 percent in March 2009.
The survey also found just over ten percent (12.3%) of Americans planning to purchase investment property in the near future say they will pay for the property using 100 percent cash, and 12.8 percent will use cash for more than 50 percent of the purchase price and finance the rest. Almost half (49.2%) say they will buy the property with less than 50 percent cash down and finance the remainder.
What do you think?
Invest well. Peace.