We all know the Real Estate Market has declined anywhere from 20-50% in California. There are a lot of so called â€œexpertsâ€ issuing warnings that there may be further decline in values on the horizon, since there are still 14 million homeowners in the country that owe more on their homes than the home is currently worth. While this may be true, NO ONE really knows where the bottom of the market is. If you analyze Homebuilder and REIT stocks for 2010, you will see significant upturn, which is being interpreted by some analysts as a very good sign for the Real Estate industry.
I work with a number of savvy investors who understand that you donâ€™t invest in the General Market â€“ but you do invest in the Right Deal. This strategy is more sound now than ever, since in today's market, there are more desperate sellers and more deals than ever.
That is why I believe 2011 will be a great year to invest in Real Estate. Now, not every Foreclosure or Short Sale is a good deal. Make sure you properly analyze each scenario, before you make an offer to purchase. Work with a Realtor who understands not only comparative market analysis, but also financial analysis, as this is where you will make money if you choose The Right Property at The Right Price.
Please contact me if you are interested in finding The Right Property at The Right Price.
Home Sales Pro