The real estate market – one year up, one year down. Recently the trend has definitely been down.
In an ideal world, the rule for both markets is the same – buy low, sell high.
Unless you are into options trading (I believe that is the right term), whenever you buy in the financial markets, you pay at purchase. In real estate, very few pay up front.
Thus, our national real estate crisis.
But even in crisis, some will win. This who have the ability to purchase now while the prices are lower. Those who are first time home buyers with good credit histories. This who rented because the markets had priced them out. Many have opportunities, even as some have failed.
No, I do not revel in anyone’s loss. But there is joy in knowing some who had been priced out of the market now have opportunities!
Gary Waters, Florida licensed real estate agent, working with buyers and sellers in the Brevard County areas of Viera, Suntree, Rockledge and Cocoa.