Is right now the best time to invest in a home?

Question

Is right now the best time to invest in a home?

Answer 1

hey, it depends where u live and the finacial position your in.

If you live in the US in general, nows a really good time to invest in property due to the amount of people who can no longer afford their homes because of the financial situation at the moment in the housing market. You can pick up some real bargains if you look around, mainly in property auctions from repossesions.

These houses are at rock bottom prices and the property market wont be in a slump forever, give it 5 years the market will have stabalised at the value of these properties will have grown significantly.

Whereas if you live in the UK now is not such a good time to invest, property prices in general are on the decline.

we sold our 4 bed detached in november for £210,000 the same house style on the same street are up for £180,000 now, and these prices are still dropping.

hope i helped

Answer 2

YES NO MAYBE... this is coming from someone who actively invest. You still have deals that you can get 60-65cents on the dollar BUT you really need to hunt these down AND I try to get them at 55-60 cents on the dollar because of the decline... now, you probably asking who the heck do you get these properties so cheap.  You just needed HIGHLY motivated sellers, who are willing to give you the keys.  You have sooo many to invest in realestate and if you are looking to wholesale (flipping contracts) and rehab (fix then sell at retail)... it is tough.... if you are willing to carry the paper (owner financing) with some cashflow, then probably... if you are looking to hold and buy then probably its a good bet also... but bottom line, I believe the market has not bottomed out... hold off until the banking with freddie and fannie blows over, interest rates stabilize, and when we have a new pres.

**please do not buy those "guru" stuff... most is regurgitated information you can get for free at the library, and most  "guru" make money off from the educational system**

RP. 2008 - had to throw that in =)

Answer 3

Depends on a lot of things. First off is how much you can afford to pay for a house, location location location. Then the sole purpose of a house...ie your residence or a rental. If its a residence then think of it more as a home than an investment property.

Its a buyers market alright....but regardless the time has to be right FOR YOU....all things considered. The best time to invest in a home is when you are nice and ready. It's all about making an informed purchase....and not just going with the flow.

Answer 4

Generally, yes.  Top foreclosure markets are: Nevada, Florida, Arizona and California.  If you live in one of these states, you are fortunate, because you can pick up houses for up to 50% off market value (depending upon how motivated the seller is).

Start looking, girl.  You own the world!

Answer 5

YES. All of the prices are down low, ppl are desperate to sell their houses. If your in a decent position, a house could be a great investment.