2006-09-17 07:54:03 · 8 answers · asked by burst911 2 in Business & Finance ➔ Renting & Real Estate
Yes. It is slower but a good time to buy because it is a buyer's maket now.
2006-09-17 08:02:02 · answer #1 · answered by Amina 4 · 1⤊ 0⤋
There's no bad time because people will always need homes to live in; however, your location could drastically change over the next 3, 5, 10 or 25 years based on property values around you which would lower the value of your income or sell price. You've probably heard the success to any business is location, location, location. Real estate is a business too. What's hot today may not be hot in the future.
2006-09-17 15:05:49 · answer #2 · answered by Anonymous · 1⤊ 0⤋
yes it's the wrong to get into the real estate now . Look around everyone is getting into the real estate business . The real estate market is slowing and cannot support all these agents and mortgage brokers . It wont be long before all these new agents and mortgage broker will be back working @ 7 -11 again
2006-09-17 19:25:41 · answer #3 · answered by Chris N 2 · 0⤊ 0⤋
Anytime is a good time to get into real estate. Things are always going up and down, but in real estate you can hang in there and go for the ride, it always ends up going UP !
2006-09-17 15:04:24 · answer #4 · answered by Reba J 1 · 1⤊ 0⤋
In my opinion, as long as you are not in states like California where everything is crazily overpriced, then yes. I live in Washington and property are going up still, the market isn't a sellers market, but property value are going up. I bought a duplex myself, I'm 20 years old, and got a 0% down loan. Although I bought the property at top dollar I'v already made equity within the 4 months. So if I were you, start now, it'll pay off later if your smart about it. Best of Luck!
2006-09-17 15:01:17 · answer #5 · answered by Dispirited 2 · 1⤊ 0⤋
Hmm... with U.S. housing market continues to slump, you might end up flipping debt rather than asset.
Real estate properties can be a liability rather than asset. Flipping at this time is not a good idea.
This article is teaching buyer how to lowballing.
http://biz.yahoo.com/brn/060909/19463.html
These two describe current market.
http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814
http://money.cnn.com/2006/09/05/real_estate/Ofheo_home_prices/index.htm?postversion=2006090514
If you still want to "flip a house", could you buy from invidividual home owner. They need your funding more than big builders.
2006-09-18 06:35:13 · answer #6 · answered by Price is what you pay for value. 3 · 0⤊ 0⤋
I'm from New Jersey... I read an article on www.njville.com that stated now was the best time to get into New Jersey Real Estate.
Good Luck :)
2006-09-17 16:32:57 · answer #7 · answered by xxmarccohenxx 1 · 0⤊ 0⤋
I sure hope so, I am taking the state test next week!
2006-09-17 14:56:51 · answer #8 · answered by mickeyg1958 4 · 0⤊ 1⤋