It's a "Buyers Market!"

Are you one of those buyers that has seen all the media and bad press in 2007 & 08 about how bad the Detroit Metropolitan real estate market is?

It's amazing at how values dropping makes some claim that the current market is a bad market. What it is, is a "Buyers Market." It is a market where if you pay attention long enough and sit on the sidelines, you will witness first hand how there was a shift in wealth during this time and how those that acted and purchased property today, (those that took advantage of the depressed values) together with leveraged money at low interest rates created real wealth.


Let me ask you... when stock prices go down, (is it time to buy or time to sell?) IF you were in it for the short term, you may say sell. Almost any investor however should weigh the risks and generally speaking, those that made the real money in the end were the ones that looked at it as an investment for the long term. Those that rode the waves and as they say: "Bought low and sold high!" Real Estate should always be treated as a long term investment. You cannot really buy, sell and trade it like you would a stock anyway. Real property can take months in any market to move, (even in a sellers market) it could take 90 days to put your cash in your hands. Where a stock may be bought and or sold in a matter of minutes.


With all that said, if you are a buyer in the Oakland County real estate market, you will need a team of experts to represent you. A team such as (A knowledgeable Realtor, a financial planner and your funding sources.) Together, your team members can take you through which properties make sense and which do not make sense to add to your portfolio. Together, your strategy can be assembled: (Acquire, improve & Flip) OR, (Acquire, improve and hold.) Will you use a strategy to acquire Bank owned properties (REO's) or buy homes from private homeowners that are being offered on the open market? How will you evaluate these properties when they are found? Your Realtor & team member can help and there is no cost to you for buyer representation which is now in effect in Michigan. Your agent will explain the benefit's of "Buyer Agency" at your first meeting. There is typically no cost to you for this service as the buyers broker is compensated by the listing broker so its a win-win for you (the buyer.)


Values have dropped 15-25 & 30% over the past few years. Do you know that in some cases it took these sellers 5 to 10 years to achieve this type of equity position in their homes? Did you know that interest rates have almost never been lower than they are right now? Did you know that if you just bought one additional property and held onto it as an investment (if properly managed) your tenant could pay it off in just 22 years and could double or triple most peoples retirement portfolio?


Are you a seller that is a bit depressed by the fact that your home is not selling for as much as you would have expected it to or would have hoped for? ***If you are buying up and buying a more expensive home, chances are good that the loss in value that you have seen on your home will be more than offset by the loss in value of the home you purchase. (Even your principle residence should be looked at as an investment.) In many cases, it's a persons largest investment. A good financial planner can guide you properly towards your financial goals.


Will you be one of those that sat on the sidelines and watched this dramatic shift in wealth take place, OR will you be one of the ones who took action? This shift will take place with or without you.

Contact me today and let's get started with an entire team of professionals!