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09-18-2009, 04:56 AM #1
Fixer Upper
- Join Date
- May 2009
- Posts
- 75
Which time i should Buy, Sell Or Invest in Real Estate?
There are significant Economic and Demographic conditions which may affect your decision to buy or sell in the current real estate market and one of the best tools to have on your side is information. Most all decisions, albeit, business or personal at some point involve historical background information in order to make an informed decision. For instance, Scottsdale, prior to the Real Estate Bubble enjoyed an average of 6.8% home appreciation rate year over year prior to 2006 while still maintaining relatively low median homes prices compared to national averages. This, along with affordable land, and office space brought many companies and investment opportunities to the Scottsdale area which in return drove home, land and office values up. This is commonly known as a spike and can be easily visualized when graphed properly year over year. Currently, we have noticed that home values have dropped, Mortgage interest rates are near historical lows, foreclosures are high and vacant pre-foreclosure and REO/Bank owned homes are abundant. This information if graphed appropriately would reveal a downward trend, again providing insight and knowledge to make an informed decision. In simple terms the below graph may illustrate the historical example just described.
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09-18-2009, 11:07 AM #2
Renter
- Join Date
- Sep 2009
- Posts
- 6
the best time to buy/sell REO properties is during recession, why? reo properties are sold in a cheaper price, if you are a Realtor selling a properties, there is a higher possibility that you can sell more because people wanted cheaper products.
Nicole Ruselle
Cape Coral REOs
Cape Coral REO Properties
Cape Coral For Sale REO Properties
REO Properties in Cape Coral, FLorida
"Great Deals on Cape Coral, Florida REO Properties"
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