Investors should definitely be looking. The market WILL rebound, and it is impossible to "time" the absolute bottom. It takes time to find the right property, and it is definitely a buyer's market, so they should be searching now.
- Matt Holstein, Associate Broker
Now is the time for investors to find the motivated sellers. A good broker can help find these properties and owners. A smart investor should make offers. If you can buy a good location with well designed property at the below reduced asking prices, chances are very good you will see a return on your investment. It’s not so important to hit the bottom of the bottom of the selling price curve as today’s average selling prices are well below historic levels. Real estate is a long term investment but you make your money when you buy. Buying low is happening now.
- Dale Potvin, Owner/Broker
The fundamentals of investing are to buy low and sell high. So while the market could certainly continue to go down more, we know that prices are definitely low now. Which means that buying a "good" property now, is a good investment. Either way, if it's a "good" property and if it reflects the current market pricing, when the economy recovers, it will yield high returns. What is a "good" property? Investors should go back to the basics of real estate - location, amenities & quality. It's better to lead the market than follow. The savvy investor will look at this market now.
- Tom Kilby, Associate Broker
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