Thursday, June 26, 2008

How To Make Money In Real Estate

HOW TO MAKE MONEY IN REAL ESTATE

Your profit in real estate is not made when you sell but rather when you buy. This is as true a rule as LOCATION, LOCATION, LOCATION! In spite of all the gloom and doom you hear on the news, only four States in the Country are in serious trouble: California, Nevada, Arizona and Florida. I know, when you listen to the news on TV, or read your morning paper, you hear about the 4 states in trouble, but not the 46 others who are continuing to do just fine or experiencing only mild declines. This "Gloom and Doom" news is having an impact on buyers and sellers-it is making them jittery. Sellers can convince themselves that no one is buying, but here in Rockport, Tx people are still buying & prices are holding steady. I have buyers who are actively looking for the right property - as so all of the other Realtors in my office. A "DOWN" market is the time to buy and savvy investors are picking up bargains left and right-not only here in Rockport, Tx but all across the country. I don't think it really matters if the "DOWN" is real or perceived, it will allow the patient buyer to pick up a wonderful property and make a great investment. My advice to my clients is ignore the news & make your own decision. Be patient but prepared to act quickly when you see a bargain. I wrote in my Blog a few days ago about a great house at a good price - that house was quickly bought by an investor who snapped it up and made a great buy! Buy now and make a great investment in Real Estate and build your personal wealth for the future.

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