Hope Makes all Things Possible – Even in the Real Estate Market
Christopher Reeves once said, “Once you choose hope anything is possible.” We can all testify that he lived by this saying, as we all should, no matter what we choose to do, but especially if we aim higher than most. For instance, if you ask the average person about the current financial situation, or about buying or selling a house in the current real estate market, he will oooh and ahhh, and go on and on about how times are so difficult, and how there is nothing that can be done, and all you will hear is more and more negative speel coming out of his mouth. No matter where you go, you will find people like this. You know these are the boring ones, the people who have gone nowhere and done nothing in their life
But if you ask Dean Graziosi, or any upbeat, optimistic, happy and hopeful person in the real estate industry about how to buy or sell a house, he will tell you that, yes.. the real estate market is in a slump, but there are all kinds of possibilities within this slump.
According to the news and statistics the housing downturn is not over. In 75 of a hundred of the largest cities in the US, prices are thought to continue to fall during the next year. If you want to buy or sell houses in these cities, you will more often than not be told not to do it, but if you are learning from Dean Graziosi, this means you have a great opportunity here. You have the chance to invest a smaller amount in a home, and expect a much larger return on your investment within the next five to ten years.
In fact, you could even choose to purchase homes in cities that will see a quicker upward turn than any other place in the nation, that way you would make a quicker profit, than if you invested in homes in areas with a slower economy. You don’t always have to invest in homes that are in the same city in which you live.
For instance, if you invested in a home in Mcallen, Texas, you would probably pay a median home price of about $100,000 for real estate. You can expect a 2.5% increase in your investment within the next two years and about a 25% increase in value within the next 5 years. That’s a whole lot more than what you would make saving your money with banks.
If you decided to look in Rochester, New York, you would find a median home price of about $121,000, with an increase in price of about 3.4% in a couple of years and a 20% increase within the next five years.
Another great city Dean Graziosi would consider investing in is Birmingham Alabama, where home prices are at about $156,000 and a projected increase of about 3% in the next three years, with a projected 30% increase in the next five years.
As you can see there are still great real estate investments to be made, just not in what we knew a few years ago as the top cities to invest in (maybe these are changing). The real estate market is a real buyers market now, but it’s a purchase you want to make and keep for about five years in order to make a profit. In some cases, you can flip and make a profit, but you are better off hanging on to these investments for a while, renting them, or even mortgaging them yourself to make your profit.
Whatever you do and however you decide to make your real estate investments, there is no doubt, that money is to be made in the real estate market, no matter what the world economy looks like. People still need places to live, still need financing, and still buy homes.
