Falling home prices spell opportunity for buyers.
Now Is A Great Time To Buy US Property No Comments »Falling home prices spell opportunity for buyers, even if they already own a home and don’t want to be a landlord.
Here are three smart ways to invest in today’s housing market.
Trade up. Now’s the time to buy a larger home in a better neighborhood at what will almost certainly be a good price. To be sure, buyers will have to sell their old home at a modest price. Still this could be an excellent time to improve quality of life at a bargain rate.
Buy a vacation home. Buyers, especially those who are a few years away from retirement, could find this is the perfect time to buy a place that will be more than a vacation home down the road.
Help offspring go from renters to owners. This is a great time to give the kids an advance on their eventual inheritance so they will have enough money for a down payment.
Source: The Wall Street Journal, Jonathan Clements (03/12/2008)
Coupled with the significant advantage of the currency exchange rate vs. the US Dollar, this is an outstanding time for purchasing property in the US. To learn more about real estate in the US, contact Mike Ten Eyck at mteneyck@reww.com.