Those ready willing and able buyers who are sitting on the sidelines and waiting for the “best time” to make a move may be ignoring the opportunities that may never come again-genuine bargains and great financing terms on the buyes’ side and little competition for those willing to take the plunge.
When properties do start going back up in value, the more expensive ones (golf course properties) are going to go up even faster. this is the time you should be buying the most expensive property you can comfortably afford.
Sure, if you are selling a home, you are selling for less–but you’re also buying for less. If you had a house that had a value once of $400,000 and it is now worth $300,000, you think you’re losing $100,000 in equity. But you need to remember that the house that once had a $800,000 value is now selling for $650,000. You make a net gain by moving up.
IT IS NOT A TIME TO BE TIMID. NOR IS IT A TIME TO BACK OFF.
