mortagesandforeclosures

by George Mahone

You have probably been hearing over the news that mortgage and real estate market is depressing. People are losing homes, which is bad but instead of dwelling on the negative effects of this in our economy, we should start thinking that this can also be good for you.

This can be good to you in the sense that housing prices are now getting lower. For others, investment can be pretty simple - buy low and sell high. When you talk about any type o investment, real estate is the same way.

If you have not yet bought your first home, then right now could be the chance of a lifetime while prices have dropped to lows they may not see for years and years to come. So if you want to get a great deal on a house, right now could be your opportunity.

On the other hand, if you wait to buy a home in a year, prices may go back up 20% or more, And if that's the case, you may not be able to afford the home you really wanted, or you just lost out on a 20% return on your investment, and that's not fun.

Now can be the best time to for you to look around and get your dream home in such a very low price. It is important that you keep in mind that it's easier for you get a mortgage right now because the interest rates are also getting lower.

This is also the best time for you to own an investment property, like if you are planning to buy an apartment building; you have the best deals in the market today.

Putting your money in an investment property like a multiple home property best for an apartment building is a great deal these days too!

So what are you waiting for? Remember, buy low sell high. Don't buy high then sell low. Buy now while the prices are still low!

About the Author:

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