No matter what the newspapers are telling: today is a good day to buy and sell real estate.
This morning’s paper had a small article about something what I have been trying to tell all my clients and anybody who wants to hear it: Strange but true: Real estate good investment now.
The article is about Real Estate Investments Trusts, more interesting for investors. However, with the home prices at the level where they are at right now and the rents tending to go up, it is a great time to either move up or stop renting and buy a home. Recently we did a rent versus own comparison and it did bring out an interesting fact for a lot of situations: If you keep on renting you will end up spending more per month.
And for the investors among you: if the rent versus own tips over in favor of the home owner, guess what that means if you are the landlord… that monthly rent check will bring cash flow!!!
And there are still some good loan programs out there, you’d be surprised!
Have a great day.
Mirjam – 707-486-2638