Opportunities in Real Estate

October 13th, 2008 at 8:52 pm

Author: kimandkristine | 6 Comments

All of the recent changes in the economy have had an impact on the current real estate market. The important question to ask is: How does this affect me? If you are an investor, buyer, homeowner, selling your home their are opportunities amidst the current confusion.

Opportunities? Yes, in every crisis their is an opportunity involved. When others are going into crisis mode & focusing on the doom & gloom; many people are taking action & have been waiting for years for this exact real estate market.

Let’s break down the opportunities available for each party:

BUYERS

Interest rates are still historically low
A tax credit of $7,500 is still available
We are in a buyer’s market for the first time in 10 years (negotiate, negotiate, negotiate)
The benefits of owning still remain: tax deductions, protection from inflation, & leverage.
Short sale/foreclosures enable you to buy pennies on the dollar.

INVESTORS

Cross-country investing opportunities
Historically low interest rates
Seller financing is going to enhance buying power
Increased demand in rental markets due to inability to purchase & foreclosures
Buy for pennies on the dollar

HOMEOWNER/SELLER

Passive income through seller financing
Strong negotiating power on next purchase
Apply for property tax reductions
Make money on purchase
Rent home to leverage new purchase
Leverage tool for buying rental properties.

These are a few opportunities available. I’ve had several people & clients tell me they have been waiting for this kind of market to expand their real estate investments. While others are frozen in fear & skepticism the select few are taking action. Wherever you find yourself, move out of fear & into action. Opportunity is everywhere! Be willing to see it & then act.

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Filed under : luxury real estate, Real Estate

Tags: how to make money in real estate, opportunities, real buyers, Real Estate, real estate & the economy

Response

6 Responses to Opportunities in Real Estate

reunion resort says:

October 14, 2008 at 6:53 pm

I have never seen Real Estate this bad ever. When will it come to an end? Do you think the bailout plan will work?
lovelylaluxury says:

October 14, 2008 at 7:13 pm

Interesting comment. I think that your questions are unrealistic & speculative. Everything has changed in real estate & we must change with it. The question is not, when will this end, will the bail out plan work? that is top down/trickle down theory…which if it does happen will take years!

The questions to ask are; how can I be of service & continue to provide value in my personal & professional life. We are now entering into a phase in real estate where you must see the trees through the forest. Where is the opportunity? How can you help more people? How can you help people make & save more money?

As Suzy Orman says, “People first, then money, then things.”
chriskfit says:

October 15, 2008 at 2:46 am

Thank you, Kim, for posting this. Although this could be considered a challenging time for real estate, I am optimistic as a potential buyer and investor. Thank you for the guidance, as I’m looking forward to taking advantage of this buyers’ market with more expert guidance from you and your team!
LA Blogger Gal says:

October 15, 2008 at 3:04 am

Wouldn’t the state of the market all depend on what your goal is? I mean, as a future buyer, I’m loving this market. But I’m sure as a seller, this market has to be crazy, if not even scary.

Me, I can’t wait to see how this all plays out. I’m sure with the way things are going both here and around the world, that many, many things are going to be changing over the next 5-10 years. And honestly, I can’t wait!!
Michael Acord says:

October 15, 2008 at 5:59 am

Reunion Resort,
I hate to be the bastard but I have clients who are having their best year ever from real estate investments.

Is the glass have empty or full? For me, its half full.

What do you want the bailout to do? The fire sale is on, you can watch or profit you can decided.
Wise Buyer Mindset in Real Estate, LA Times quote « Lovely LA Luxury Homes says:

October 28, 2008 at 9:33 pm

[...] Opportunity is available now more than ever in today’s real estate market. To find out how you can take action & participate contact Kim: 1-310-309-9130 [...]