If you are in the mindset to getting a nice house for a really good price, then NOW is the time to buy that property. Whether you are in California home market, Arizona real estate, or any state in the USA; you would be best served if you purchased your next real estate product in 2010. We are never going to see lower prices than what we are experiencing now.
If you are upside down on your mortgage and the home’s value, its a good time to ask your accountant about the benefits of getting out from under now instead of struggling month after month because you believe the value will meet the mortgage amount. If you are paying higher than market value for your house in hopes of prices going back up to the original amount, ask your CPA if it makes sense to struggle with that payment. Housing prices will increase at the steady rate of 3 to 6% each year, so how far do you have to wait for the values to go past your mortgage amount? Think about it. Some family on the same street is paying 30 to 40% less than you are for the same house. Your dollar today is worth alot more than it will be 2 years from now. Talk to your accountant or financial advisor.
We have homes at below market prices for our preferred investors, so be sure to get on our list today so you can be one of the first to know when we have good deals available for sale. We help people get out of overleaveraged houses so they can make their dollars work better for them. Get on our mailing list or contact us if you have questions about stopping foreclosure and damaging your credit.
CA Homes and Real Estate is a blog from Alamo Capital Partners that gives information about the California real estate market and other points of interest in the lovely northern California region.
