Is Real Estate The New Gold?

Real Estate May Be The New Gold!

I have been receiving a lot of questions lately about when should I buy a home. You see a number of my clients were waiting until the 2012 to purchase a new home. I am sure by now you know with the current housing market being battered for a number of years, most of these people were waiting until the bottom hit before they pursued that purchase of that new dream home. If I only had a crystal ball, I would be a rich man. This article is to help you determine if now is the right time to buy. Better yet, I will let the expert who predicted the housing bubble in the first place to help you with your decision.

Maybe He Is Not  A Prophet, But Close Enough!

A man by the name of John R. Talbott accurately predicted in 2003 that the housing market in the U.S. would crash. He even highly recommended in 2006 that if you were looking to sell your home, this would be the year to do it. Those that took his advice then made thousands of dollars on the sale of those homes. You see with the housing bubble, trillions of dollars were lost in home values across the country. Fast forward to 2012, the economy has started creating jobs. Foreclosures are currently less than they were this time last year. Lastly, an election year is ahead of us. What does all this spell? Consumer Confidence!!! Thats right, when people feel better the economy feels better. Don’t just take my word for it, visit Mr. Talbot’s post that he placed in the Huffington Post here: HOMES – BUY NOW!

Here is an excerpt:

So, run, do not walk to your neighborhood banker and either finance a new home purchase or take out the maximum amount of money he or she will lend you on a home equity loan and buy hard assets, not financial securities, with the money. When inflation comes roaring back the only perfect hedge is to be a borrower, not a lender or investor.

Are You Ready Now?

If you have been sitting on the fence waiting for the bottom of the market, it may have passed you by already. As the year progress, more and more people are going to get the word about buying a new home now. Look at it like the Great Gold Rush. By the time everyone knew that gold was out west, it was too late. Thats how it is typically when you receive information about a good investment. In this case you may be getting this information first!

To see what you can qualify for on your new home or if you just have questions about financing, give me a call at 615-294-6534. I look forward to hearing from you soon!

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