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Why Today's Housing Market Has Never Been Better

By Adam Baney, published May 18, 2007
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You've heard the stories, foreclosures are at an all time high, mortgage companies are folding like the tech industry in the late 90's, and the government is scurrying to fix the problem. Now what? BUY, that's what. Whether you are looking to buy your first home, or increasing your current investment property portfolio, now is your time to literally steal property, and steal is exactly what you can do.

With a record number of foreclosure property on the market, any buffoon with a credit score, and a decent income can legitimately start investing in property at a fraction of what the property could be worth. It should be noted that the current market may not be subject to the one month flip, or the infomercials promising million dollar profit's, but there is a whole lot of money to be made. The first step in any real estate buying process is to obtain a Certified Mortgage Planning Specialist, that's right, I said a mortgage specialist, not a Realtor. The reason being, a Realtor wants to sell you a home to make a profit, mortgage specialists are also is business to make money, however, they realize that you need to qualify for whatever property you are looking to buy, and therefore will be much more beneficial in the beginning of the process. Certified Mortgage Planning Specialists are also committed to your long term financial goals, not just one particular transaction. CMPS's are also very knowledgeable on what properties will be worthy investments, the last thing you want to do in this market is pay full price on a property, it kind of goes against the buy low, sell high theory.

Takeaways
  • It's a buyer's market
  • Record low prices
  • Everyone can benefit
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