The Questions Keep Coming

"Is it time to buy?"; "Is this the right time to invest in property?"; "Are you doing OK in this real estate crisis?"; "Are you upside down on any of your properties?"; "Should I sell my property or try to rent it out?"; "Are you buying now?".........these are just some of the questions I hear on a daily basis.

From Donald Trump to the small time investor, there is a uniformity of thought that this is the right time to buy. I wish I had a nickel for every time I've said, "Buy low and sell high". Doesn't it just make sense to buy real estate when it's substantially lower than it once was? I've said this before, "God isn't making any more land and the population is growing exponentially". This is the perfect recipe for making money.

Real estate is cyclical; it typically goes up in value for 5 years then corrects for 2 years. When I say, "corrects", I mean it gives back some of the appreciated value (usually 15 to 20%) from the current uptrend. This is actually a healthy part of the cycle because without corrections, real estate would be out of reach for the average person. Imagine if real estate went up each and every year. Homes would be in the millions making home ownership an elite only possibility. Granted, it sucks if you're trying to sell a property in a down market, but remember, if you're selling in a down market, you can purchase in the same environment which will save you thousands of dollars.

In my opinion, YES...this is the time to buy!