Thursday, July 31, 2008
The most fun investment!
In recent months, a major portion of our time has been spent talking with potential buyers about whether or not now is the best time to buy. That answer is dependent on a lot of factors for each individual, but the one thing that I think is interesting is that many people are not basing their decision to purchase or not purchase on anything other than perceptions and media driven panic. While many segments of the market are in real trouble and even the strongest area slow, that is all terrific news for buyers. I can't tell you how often we hear stories of, "I had a chance to buy this great property 5 years ago, but...". Like any other investment, there are going to be ups and downs and the goal is to buy at the bottom, but the greatest thing about real estate as an investment is that you get to enjoy the property and build memories for your family and friends along the way. Many people are out there looking at their stocks right now and wishing they were something they could physically hurt! Many others are sitting on the dock in front of their lake house watching the kids catch bluegills. If you're in a position to afford a vacation property and have a long term outlook on your investments, it's a great time to start building those memories!!! We look forward to seeing you up north soon.
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