16 August 2010
More on Market Timing
Posted by Lori Bender under: Naples Fl Homes for sale .
You can never consistently buy at the best time. It’s OK to miss the first part of a housing recovery, just don’t miss the second part of it. Those that came late to the last real estate run up, got caught in the end paying top dollar for their real estate investment when the bubble burst. Those are the property owners that are ‘under water’ now.
In the Naples, FL, area, great real estate deals are being made everyday right now and this may go on for quite awhile yet. It does seem as though prices have stabilized in some of the Naples residential areas, such as Lake Park, and that should tell anyone that prices on the rise are opportunities being missed. If you wait for a definite indication that things have turned around, you will have missed out on a good amount of appreciation already. Remember, your money is made on ‘the buy’ in real estate. Appreciation is an additional benefit.
It’s always hard to pay an extra $20,000 for a house you could have purchased a year ago–but don’t wait till it costs another $100,000 to buy a similar house or you will be caught, once again, buying at the top of the market. You have to have more insight and courage than that to be a successful real estate investor.
There are a handful of fabulous single family homes priced under $300,000 that should be closer to $700,000 available right now. If anyone is interested in more info about these homes, please e-mail me right away. You are not the only investor looking to buy in this area. There is great competition for deals in Naples, Florida. If you don’t know why, have you ever seen this town?
It’s gorgeous!
