Now is the right time for real estate investment. – Adeniyi
I can see two camps of people looking at this quote. One group would say that there are definitely times to be very leery, and the other group would suggest that real estate is such a solid investment that it is always a good time to invest, as Adeniyi states.
I personally think that a deal can be found at any time in real estate. The markets could be down, but that could create new opportunities. There is always a deal to be had, but you may have to look a little harder if you are in a seller’s market. However, there is advantages there as well, as it means that your market is thriving and your purchase may actually increase in value.
Other factors that can determine if it is a good time to invest are:
- Employment Rates
- Interest Rates
- Vacancy Rates
- Access to Funds
- If You Need a Mortgage or if You Have Liquid Assets to Purchase
- Whether You Are the Sole in Investor, or If You Have Partners
Always seek the advice of a great real estate expert or financial adviser and you should be good to go!