Where are todays best real estate values?
Published by margomurray June 19th, 2008 in Real Estate Advice, Buying a home, Should I buy a home?, Is this the right time to buy a home?, Purchasing a Home. by margomurray Tags: for sale, homes for sale, homes in rancho santa margarita, Margo Murray, rancho santa margarita real estate.The housing market is soft. Hard times for some can mean opportunity time for others. Could now be a good time to step into the housing market and pick up a bargain?
Generally, it is a better time to be a buyer than a seller, but this is not so in every market. In San Francisco, for example, there are still more buyers than sellers for prime upper-end properties. You’re not likely to pick up a bargain there.
Many more markets are suffering from too much inventory and too few buyers. These markets would seem to offer the best opportunities. However, this is not necessarily so. Even though the price you pay is relatively low, it could take some time before the value of your investment increases.
Anecdotal evidence suggests that the best housing investments are properties that are always in demand. These are well-planned and well-constructed homes in prime locations that appeal to a wide cross section of home buyers.
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