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When is the Right Time to Buy a House?

Two things seem fairly certain in real estate. They are not making more land, they are making more people. In economic terms, this means that over time, demand will always outstrip supply. In some areas this is more true than others and that is where the research comes in. Don’t be lazy. Most people spend more time buying a pair of sneakers than they do shopping for houses. Relative to price, you may want to spend a bit more effort making a good choice. Buy when prices are low. Approach property purchases with a long term view and you will be fine. Expert investors look at shorter time frames and work with smaller margins of error.

Posted in Buying a first home, Buying Investment Property Tagged with: , , , ,

Getting Pre-Approved for a Loan

Property investment companies and those buying a first home are constrained by the same thing, access to money. In today’s economy, after the negative equity fallout, purchasing a property with a home loan or mortgage is more challenging than before, but this is a good thing.

Posted in Buying a first home, Buying Investment Property