- John A. Paulson Doesn’t know why YOU aren’t buying
According to one of the biggest Real Estate Search Engines TRULIA, statistics show that nationwide the number of renters is on the rise… May it be due to all the foreclosures and Short sales that is forcing homeowners to rent? Possibly… but that’s not where I’m going with this!
In 72% of the largest cities across the nation, it is actually CHEAPER to buy versus renting. You may be asking your self, ” Why is that? ” well my friends its basic economics 101, that’s why… supply and demand folks.
If you want to buy a property then you’re in the perfect frame of mind, let me explain. The market is currently saturated with lots of short sales and foreclosures which are priced fairly well to either A) slow the foreclosure process down or B) just get the dead weight off the banks books. On top of that, interest rates are still incredibly low! Most people “wanting” to buy are on the fence thinking if they should or not. That leaves YOU, Mr./Mrs. highly motivated, i would have liked to have bought a home yesterday buyer, in a perfect position to take advantage of this incredible opportunity to buy a home that you might not have been able to afford in 2004-2006. What that boiled down to was ; lots of low-priced homes for sale + non motivated buyers misrepresenting the market = a great opportunity for you!
Now lets check out if you thought about renting. All of the foreclosed and short sold properties are leaving homeowners with the inability to purchase another property for a minimum 12 months (on a good day) so they have to rent. Estimated 75% of the market is distressed properties (banked owned or short sales), so with that 75% of sellers having to rent compared to the limited supply of rental property available, rent can be increased due to the basic supply and demand factor. Also, why would you rent, pay someone elses mortgage, Pay your money into something that you will never make back?
Plain and simple ladies and gentlemen, get off the fence and take advantage of the opportunity we are currently in regardless what the news says, they get paid to tell you the worst of the worst, and then twist it around to make it sound even worse!
There is a reason why John Paulson ( the man who predicted the subprime mortgage mess would cause the real estate market to collapse while others thought he was crazy) is saying NOW IS THE TIME TO BUY. If you take action now, you will be able to do what others can’t later! Call Cory today for your buying, selling, investing, or for a no cost, confidential meeting to discuss your current real estate situation!
