If you are still getting ready for the holiday season, and are in need of wrapping paper – this is NOT the time to do so…in fact, it’s the WORST time ever to buy it!
Well, it’s not a financial crisis, but just before the holiday, it’s the most expensive time to purchase it, and not only that, the busiest as well.
You see, everyone has been scrambling to get it, and also to wrap those last-minute gifts.
Here’s the truth as it relates to real estate – now is NOT the time to buy unless there is significant equity!
In fact – the reality is, that we are fast approaching the rapid discounting of property as the economy takes a turn in the coming months, or year and a half or so…if you are trying to force deals to make some money by holding anything – now is not the best time, it’s like buying wrapping paper just before the holidays instead of when it is deeply discounted right after the holidays…
For some time now, there has been an increase in values that has seen very little if any corrections, with a few exceptions. That means that with the coming financial gloom on the horizon, with interest rates being increased 8 times in the past 24 months, from about 0.25% to 2.25% – the market has been reacting negatively, in case you’ve been sleeping!
Until recently, we’ve seen a robust seller’s market in much of the country, but now – things are taking a turn in real-estate, along with the stock market and consumer’s confidence too.
This is setting us up for an opportunity in the real-estate market to start looking for motivated sellers, and price reductions for those sellers to be able to move on with their lives…
So, what I want you to be ready for – is the post-retail market price environment which will be like so many retail stores slashing their prices on wrapping paper, and other holiday goods, right after the season is over.
Get ready – it has the potential to be a great ride!
