Saturday, January 31, 2009

2009 Real Estate what's going to happen?

By Henry Smoot

In 2009 the real estate market may be as scary as those monsters of the silver screen that spooked us as children, but to others it is a chance to thrive. For those who are seeking to buy property whether a house or building the lower prices are a plus. Those looking to rid themselves of property are not seeing the same benefit as they are losing money. There are many reasons why one may be in favor or against the market in 2009. It will bill hard for one to sell their property and those looking to buy are finding it to be their market.

For the new couple that in the past may have struggled to find a place to live and start a family the market is a great thing. A few years ago the prices of houses were astronomical and a new life for young couples was seemingly out of reach. Now in 2009 their dreams can come true with out breaking the bank, this new couple will definitely be in favor of the markets current state. Again, the American dream is alive and well.

On the other hand if you are a family who has decided to sell your house for the chance to move on for career or other reasons, getting the price you feel you deserve is going to be a hard task. The Value of your house from a few years earlier (which you may have expected to rise) will more than likely drop. This will definitely put people in a hard place, thus theses are the ones who will not take to the markets plummet. The solution here is to hold on to your property if selling is not a necessity right now.

Looking to start a new business or already have one but would prefer to own the building rather than rent? If so this market is best for you. If you are currently able to spend some money, now is the time to invest in property as low prices lead to a good chance for a great opportunity for your business or just as an investment. Paying rent to someone else may no longer be a necessity.

With the market currently in a down state the best advice that can be given is for those with property to hold on to it as it will definitely rise again in the future. Real estate is and always will be the best type of investment and should be treasured no matter where the market is at the current time. - 21151

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