Wednesday, October 28, 2009

Let me look in my crystal ball

Every other day I get asked "How is the market"? "Are home values going to go up?" "Will interest rates get lower?" "How long will it take for my house to sell?" and a host of questions along this line...My response " Let me look in my crystal ball." LOL.

While I wish I had the power to tell the future...My guess is as good as anyones...And if history is any indicator...Property values continue to demonstrate an upward trend over time...(that means if you look at most 10 year periods, despite all the ups and downs, the ups win). :)

Buying a home is still a good investment for 3 key reasons:

1) Tax Incentives - the tax code allows for write offs or cash back each year for home owners.

2) Equity - the difference between what you paid and what your home is worth can be cashed out or borrowed against during your ownership or at sale; and

3) Ownership Autonomy - You are in charge and grant permission for any changes to the property - occupancy issues (tenants or guests); painting; and remodeling - any idea you have to rearrange/tear down/or build up the property.

So when I look in my crystal ball, I see you calling me to assist you or someone you know with that next property transaction.

Call Clara 856-264-1058

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