I believe it's a no brainer.
- Prices will go up.Â
- Â Mortgage rates will go up.Â
- Â Rental rates will go up. Â
- Employment growth will make gains. Â
- Confidence will return.
I have rentals and rents are going up. Â If I were younger I'd be buying long term residential real estate now.
If I thought I was going to live somewhere for more than 5 years I'd buy now. Â
If I owned my first home but need/want a bigger one, I'd keep my first home and move up.
Oh but most of us are mere followers. Â We wait for the turn to be made in the economy and then lose out on the potential gains. Â It's not necessarily bad, it just is.
I'm looking at selling two of my properties soon, a condo and a townhome. Â I'm semi retired and want to quit working and then go on a trip for a year cross country. Â
And why not sell, I'm seeing multiple offers everywhere. Â And I know it sucks to deal with a bank so I have an advantage. Â Would you rather buy from me or a 3rd party short sale.
Clean homes are selling. Â And if they are not a short sales they have that great advantage. Â
Even though now is a really good time for everyone, I doubt we'll see an uptick until the campaigning for the next president starts. Â Then we'll see many pushing for jobs growth and home owership. Â And they will acutally do something about it.
Got a question, give me a call or email.
Have a great day.