THE SCRATCHBOARD

If you are a human living on this planet, you have had daily reminders every day from our media and community businesses how bad of an economy we are in right now. SO, what makes this a good time to invest in real estate?

This has been a very common question of late, but it rings true with the old addage of Buy Low, Sell High. Right now homes have been sitting on the market longer than the previously average sell times. Individuals are having to transfer locations because of layoffs and other reasons. Home prices have come down in record speed and homes in our area are, believe it or not, becoming affordable again!! Not to mention the influx of foreclosures and short sales for the hot-to-trot investors allowing you to really walk away with a steal of a deal.

Looking at the performance of the stock market and other investment alternatives, real estate is becoming increasingly appealing to the investing savy consumer. Rental markets have become flooded with potential renters and future home buyers and new construction sales have slowed making even newly built homes an option for investors to purchase and turn into rental property. Our market is very gradually positioning itself perfectly for another rise to fame and fortune. What goes up, must come down and vice versa.

There are many perks and incentives as well that are available for buying now, thanks to our government trying to get the markets moving! So, if you have been on the fence about buying over the last year, it's time to give a Realtor a call and see what your local market is offering in terms of real estate STEALS!! Live in it, Rent it, Remodel it, whatever you want. But whatever you do, remember to sell it later to reap the huge rewards of having bought in a down market.