I received an email from a client today that has been contemplating a purchase of a home in my area for the last two years but things have interrupted the process. This was the year and January was the month.  The gist of his email can be summed up in this line, “Your area looks very bad. The 6th worse in the nation.” Of course he had read this news flash from some pundit that knows about as much about Real Estate as they about black holes and the theory of time travel.

My response was as follows:

I am sorry you have to read this trash. These are the same people that told us that the fed would not reduce interest rate until some time in 2008. That was in March or April of this year. I put on my Blog at that time that I felt that Interest rates would be reduced at the latest in the third qtr. and maybe further in the forth. I was correct. They take a segment of the market and make a broad statement. Yes, Real Estate is down. Will it stay down, No!! The current cause is short sales and foreclosures on investors that speculated.

I used to be a financial planner and told people that you invest in down markets and sell in up markets. It isn't a hard concept to grasp. Buy low, sell high. I think anyone that is looking to hold a property over three years has a gold mine that is waiting to be mined. Will they retire on the profits, no! They will see appreciation over the next few years, in my humble opinion. So, you can wait until it is a level market and that will give you peace of mind, minimal profits, or you can look at the market as I do and say there are few opportunities to buy low and sell high. We are in one now! What are you waiting for?

That is the "Gary View"!

Now I am not sure how the response will be to this, but it is honest and to the point.  If you want to wait until prices start to rise, then hold on, it won’t be long. If you want to listen to people that have no ideas of the real facts, keep reading the trash that is provided daily by a Media that could care less about you.

This is not rocket science! When things are on sale and you plan to hold, does it really matter if you get the rock bottom or just close. We may be at the bottom but regardless we are close. If people continue to listen to the uninformed and their conclusions, than we will see a lot of people missing opportunity. Opportunity doesn’t knock often but when it does, it doesn’t knock loud, you have to be listening.  I hope this message gets out!

Get off your duff and look!