Posted by: ilovethewestside | October 13, 2008

Opportunities in Real Estate

All of the recent changes in the economy have had an impact on the current real estate market. The important question to ask is: How does this affect me? If you are an investor, buyer, homeowner, selling your home their are opportunities amidst the current confusion.

Opportunities? Yes, in every crisis their is an opportunity involved. When others are going into crisis mode & focusing on the doom & gloom; many people are taking action & have been waiting for years for this exact real estate market.

Let’s break down the opportunities available for each party:

BUYERS

  • Interest rates are still historically low
  • A tax credit of $7,500 is still available
  • We are in a buyer’s market for the first time in 10 years (negotiate, negotiate, negotiate)
  • The benefits of owning still remain: tax deductions, protection from inflation, & leverage.
  • Short sale/foreclosures enable you to buy pennies on the dollar.

INVESTORS

  • Cross-country investing opportunities
  • Historically low interest rates
  • Seller financing is going to enhance buying power
  • Increased demand in rental markets due to inability to purchase & foreclosures
  • Buy for pennies on the dollar

HOMEOWNER/SELLER

  • Passive income through seller financing
  • Strong negotiating power on next purchase
  • Apply for property tax reductions
  • Make money on purchase
  • Rent home to leverage new purchase
  • Leverage tool for buying rental properties.

These are a few opportunities available. I’ve had several people & clients tell me they have been waiting for this kind of market to expand their real estate investments. While others are frozen in fear & skepticism the select few are taking action. Wherever you find yourself, move out of fear & into action. Opportunity is everywhere! Be willing to see it & then act.

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Responses

  1. I have never seen Real Estate this bad ever. When will it come to an end? Do you think the bailout plan will work?

  2. Interesting comment. I think that your questions are unrealistic & speculative. Everything has changed in real estate & we must change with it. The question is not, when will this end, will the bail out plan work? that is top down/trickle down theory…which if it does happen will take years!

    The questions to ask are; how can I be of service & continue to provide value in my personal & professional life. We are now entering into a phase in real estate where you must see the trees through the forest. Where is the opportunity? How can you help more people? How can you help people make & save more money?

    As Suzy Orman says, “People first, then money, then things.”

  3. Thank you, Kim, for posting this. Although this could be considered a challenging time for real estate, I am optimistic as a potential buyer and investor. Thank you for the guidance, as I’m looking forward to taking advantage of this buyers’ market with more expert guidance from you and your team!

  4. Wouldn’t the state of the market all depend on what your goal is? I mean, as a future buyer, I’m loving this market. But I’m sure as a seller, this market has to be crazy, if not even scary.

    Me, I can’t wait to see how this all plays out. I’m sure with the way things are going both here and around the world, that many, many things are going to be changing over the next 5-10 years. And honestly, I can’t wait!!

  5. Reunion Resort,
    I hate to be the bastard but I have clients who are having their best year ever from real estate investments.

    Is the glass have empty or full? For me, its half full.

    What do you want the bailout to do? The fire sale is on, you can watch or profit you can decided.

  6. […] Opportunity is available now more than ever in today’s real estate market. To find out how you can take action & participate contact Kim:  1-310-309-9130 […]


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