is going into real estate a good thing right now?

Question

Lately I have been thinking about going into real estate. Is this a good time to go in right now and is there any one that can give me some good advice about real estate?

Answer 1

It is a tough time to get into the market. I'm on the mortgage lending side, but very familiar with both. The market is slow and few people want to do much around the holidays. The good news is, everyone in the business gets lazy this time of year, so the competition will be down. Early next year should be rather busy, so if you start learning now, you can get a jumpstart early on. The market has been somewhat steady, although I have seen many rookies get out of the business because they're not making any money. It really depends on the kind of person that you are and your work ethic. If you know you can make it, it really doesn't matter when you start. If you are the type of person that will easily fail in this business, you are likely to do so even at the busiest time of year. Feel free to email at my home address me with any questions: [e-mail]

Answer 2

I've been watching the market for awhile -- and I'm on the sidelines. If you are in the US, the market is turning towards a buyers market, and prices have fallen, but not by much.

Most analysts are saying now that the US housing market slow down could be deeper than expected. I personally would watch until January or February. If interest rates are being cut, and prices are staying steady, it could be time to get into the market. If prices are still falling, you might want to stay out a bit longer (so you don't buy and lose money right off the bat.) In that case, I'd continue to follow the interest rates and housing prices for another few months.

I think, as a first time buyer, you'd want to try to get the best price with the best interest rate on your mortgage.

Your best bet if you really want to get into the market is to stay informed and read as much as you can. There are a lot of conflicting opinions out there, and you'll have to sift through the opinions and form your own. Of course, you'll also have to find the right property that is within your price range.

Answer 3

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Other real estate sites are also noted below:
http://www.brokerforyou.com/brokerforyou


http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm

http://www.san-diego-for-sale-by-owner.com

http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us

http://san-diego-coastal-real-estate.blogspot.com

http://sandiegofsbo.blogspot.com

http://downtown-san-diego-real-estate-views.blogspot.com

http://san-diego-coastal-real-estate.blogspot.com

http://sandiegofsbo.blogspot.com
http://www.brokerforyou.com/san-diego-real-estate-sales.html

http://downtown-san-diego-real-estate-views.blogspot.com

http://www.poway-real-estate.info

http://www.del-mar-real-estate.info

http://www.la-jolla-real-estate.info

http://www.los-angeles-real-estate-brokers.com

http://www.san-jose-real-estate-brokers.com

http://www.orange-county-real-estate-brokers.com

http://www.san-francisco-real-estate-brokers.com

http://www.sacramento-real-estate-broker.com

Answer 4

It's not the prime time for real estate, but if you are handy, you can try flipping houses.

Answer 5

Sure, specialize in foreclosures. That should be hot.

Answer 6

GO FOR IT
SOUNDS LIKE IT WILL WORK