Buyers : ACQUIRING A BARGAIN HOME IN TODAY’S MARKET: Strongsville Real Estate

By:
CJ Harrington
Keller Williams Realty
www.cjharrington.com
cjharrington.crs@gmail.com
440.336.0612

Date:
10-18-08

Whether you want to buy a house for personal use or as an investment, the first step is knowing how to cope with today's market. So, what are we dealing with in today's market?
Currently, we are facing what I like to call slump in the housing market. Sellers are in disbelief as to what their home is currently valued at, and buyers are taking full advantage of the excess supply and offering low to dismal bids in order to find the seller who is willing to jump. Which is reality, I am sure it is not what most people want to hear, but houses are selling for approximately what they would have sold for 2 years ago, and the smart buyer knows it is time to buy before things return to normal. So, if you are a buyer, know this. This is the market to take advantage of the current situation in home sales to acquire properties for minimum cash at bargain prices while taking minimum risk.
Whether you are investing in vacant land, commercial property, a car wash, and even a motel, single-family houses are the smartest purchases for either personal occupancy or as long-term investments. This is the time to embrace change, because it will never stop. Yet, I must warn you, buy two or three houses a year in these periods, because it's easy to buy houses but it can be difficult to sell them. Still, this is not something to worry about, in a few years the market will return to normal, and you will be on top. Plus, odds are, that you will not only be on top, but you will also be earning thousands in income as a result if done right.
So, what should you be looking for? Well, firstly, you should be watching the market for modest houses needing fix-up but not major capital improvements. Furthermore, you should be making your agent aware of your situation. This might be the time where you ask the question, "What do I need an agent for?" Well, I then would ask you, "do you consider yourself an expert and professional in your field?" Well, this is what an agent is to you, an expert and professional in their field who has the right resources and knows how to find the properties you are looking for in your market. Why? Because this is their job, just like an accountant knows numbers, a realtor knows properties. So, consider a realtor first, and don't waste your time, because it may be limited. Knowing this, back to some basics on the right property to buy.
Remember, it is the land that appreciates, for this reason, I advise against buying luxury homes in down markets. Instead, I suggest working-class houses in good neighborhoods that will grow in value as the land becomes more valuable, because the houses appeal to the majority of prospective tenants and future buyers. This is how you profit from change, buying the right properties at the right time. This might mean buying lower valued houses or even properties on the verge of foreclosure, but in the long run you will see the benefit, if you put in the research and made the right buy. So, don't be depressed with the market, be excited for the opportunities it brings.

For More Information!
Check Out Our Website :

www.cjharrington.com

For FREE Buyer AND Seller Reports!
Or just call my cell phone at 440.336.0612