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Sunday, October 04, 2009

Tell me it just isn't so....

Tell me it just isn't so....

Sometimes we wake up to a new reality. The truth is reality has not changed, only our perception.

I remember a long long time ago when I believed wrestling was the real deal. Had I known than it was just entertainment and my family was the only family who thought it was serious!!

While out for my early morning walk with my sidekick, Diesel the Boston
Terrier, I was pondering how some of the homes in my area
were bought several years ago for a lot more money than they are worth today.

I am not a building contractor but I would guess new construction could be built for a lot less than folks paid for these twenty something year old structures!

Some thought they were buying an investment. Some who were taking
out all these HELOCs (home equity line of credit) thought they were using their investment wisely.

Now, reality has set in...

A house should not be viewed as just another (or primary in some cases)
investment. A house should not be used as a bank where you borrow unwisely against your home.

The reality is the market is now providing opportunities for buyers - especially first time buyers who can receive up to $8,000 tax credits.

Gary L. Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region. Whether your interest lies in a 55+ community, a golf course community or water front, give me a call!

Read my blog Florida Homes for Sale.

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