We are often asked if this a good time to invest in real estate. The answer always is 'It Depends' and that answer is followed with a question and some advise!
Question we ask is - Do you want to invest in a primary home to live in or in an income producing property? This question then helps us clarify your needs with further details!
If buying for self to live in, the answer is buy (with certain exceptions), regardless of the market conditions. Why? Because no one has the crystal ball to know what the market will do next week, next month, next year, next decade. As long as you plan to live in the home long enough to go thru any downturn in the market, you are OK to buy! Why rent when buying is possible? Buying ensures more stability and more steady payments in most cases. Buying builds equity with time. Buying also offers tax deductions in most cases!
We spend a lot of time with our potential buyer clients to understand their needs and to make sure that buying is the right decision for them. If we feel that it is not good for them, we will tell them that. No commission is worth putting in jeopardy those who trust us.
If buying to invest, the answer ALWAYS is yes to buy as long as the numbers make sense! Investing should be done with little emotion and much logic! It could be for monthly cash flow or it could be for potential increase in value. Just falling in love with a property is not an investment strategy. Know your goal. Also know that not all properties will offer high returns. Higher the risk, higher the reward, a good phrase to remember. Know if you can tolerate the risk.
Thinking of buying your home, or an investment? Call our full time professionals at 732.494.2211 and let them guide you properly based on your needs! Our goal is not to sell you just for the sake of selling, our goal is to make sure that the purchase makes sense for you based on your current needs.
On Track Realty is a licensed real estate broker in NJ, serving clients since 1994 with honesty and integrity! If it is not right for our clients, it is not right for us, it is as simple as that! Has been our promise since inception, always will be.
Track us on internet at www.ontrackrealty.com. Like us on facebook at www.facebook.com/ontrackrealty.732.494.2211
Have any topics that you would like us to address? Please tell us and we will gladly advise on them!