THE WALL STREET JOURNAL and Real Estate

Hallelujah!  At last the press is reporting good news about Real Estate the Sunday edition of the Wall Street Journal listed Real Estate as the number 2 investment for 2009.  (The number one investment in their opinion, stocks.)

 

Why is real estate an excellent investment, prices are down fixed-rate mortgages are at a historic low. 

 

The first order of business is to get your credit in order, schedule an appointment with your favorite lender and find out what you can afford. 

 

Then ‘hire’ a REALTOR®, sign a Buyer Broker contract with your agent allowing them to look & preview property and obtain information on your behalf.  The agent only gets paid at the close of the transaction.   

 

Get busy and find a piece of property you like along with your agent’s assistance negotiate an accepted offer.

 

Home prices are down and there are some wonderful opportunities for homeownership, Short Sales are plentiful but require strong hearts & patience and Bank owned properties (REO) move quickly and often are sold for more than the asking price.

 

Plan your strategy and get ready to invest in the real estate of your dreams.

 

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