The thought I have for my blog is directed to those who are considering whether the time is right to buy a house or to buy investment property. The quote comes from the “Oracle of Omaha,” Warren Buffet.
“Be afraid when people are greedy, and be greedy when people are afraid.”
Now is a great time to buy a house! Interest rates are low, housing prices are relatively low and people are afraid. This is the time to act! Sitting on the fence wondering when or if the housing market is at it’s bottom, isn’t what Mr. Buffet is saying. The only way that anyone will really know when the housing market has bottomed out is when prices have begun rising. When you see that, you will have waited too long.
Warren Buffet has made himself into one of the weathiest men in the world by following his advice. Can things get worse for Real Estate? Sure, but they can also get better! This may be the opportunity to find that great home that you just really loved, but couldn’t afford a few years back. This is the opportunity to get into some great investment properties. Timing is everything, and if you wait, you may miss the opportunity.
This is a photo of a house in Cedar City. It is just a house that I have always admired, but there are several similar here that are available.
If you’re looking to buy or sell real estate in Cedar City, Utah; please give us a call. We would love to earn your business!