The Right Time To Buy For The Investor Or The First Time Home Buyer
May 8th, 2008 by eCommissionJeff Olson says it is the right time to buy in this down turn market.
(PRWEB) May 8, 2008 — Pearl Real Estate Marketing recently spent some time with Jeff Olson a REALTOR and Broker representing Madison Wisconsin Real Estate. Jeff is an experienced real estate investor and has become very knowledgeable with the Madison WI Real Estate market. As a lifetime resident of the area, he understands the local communities. He has assisted families in McFarland, Dane, Stoughton, Oregon, Cross Plains, Waunakee, Evansville, Sun Prairie, DeForest, Middleton, Cottage Grove, Mount Horeb, Windsor, and Verona.
Jeff provides services to first time home buyers and the savvy investor. On his website he helps people find the right property, assisting his clients in negotiations, financing and closing. He also provides website visitors with community information, school information, free reports and provides answers to specific real estate questions.
In this time of downturn market, Jeff is optimistic. “Buying a home is no different than buying stocks,” he stated. “A buyer wants to buy low and sell high.” With the strong depreciation of homes over the last several months, now is the time to begin the search for a new place. If it is going to be the first purchase of a home or an investment as a second home now is the time. If you don’t have to sell a home you should begin your search. The market will be nearing the bottom of pricing very soon. This will create room for appreciation. Most people take the bad news and hide under a rock until the storm has passed. The smart buyer knows that a down market is absolutely the best time to buy.
The high amount of foreclosures will move a large segment of the population back to renters instead of owners. In turn this will produce a great market for the rental investor. Quality foreclosure homes can be picked up for pennies on the dollar. Also, don’t forget the overnight rental market. Gas prices will make the average family take shorter trips and will create more regional traffic. Many existing second home owners, who bought at the top of the market, will lose in a declining market. Weekend rental rates will adjust downward or remain level as the market shrinks. If a weekend rental can be purchased at the right price there is rental income to be made.
For additional help, Jeff Olson may be contacted through his website or at (608)575-7522.
This press release is provided by Pearl Real Estate Marketing. Pearl Real Estate Marketing provides co-op advertising opportunities both nationally and locally for developers, builders and REALTORS. The co-op advertising focus is provided for Condos, Lakefront Property and Huntsville Alabama Real Estate. Marketing inquiries may be submitted by calling 256-513-1801.
