Virginia Real Estate Blog: Do I know what is going on???

Do I know what is going on???

pumpkinsI had a friend recently ask me if I understood what was happening in the financial markets. I know I have an MBA, and I try to use it but... this is scary!  Given that halloween and fright night is just around the corner, perhaps this is appropriate... Anyway, I do know that big drops in the stock arket often trigger 'buy' motivations in investors. We see that happening today in the market - even with the overall stock market dropping, certain stocks will increase or be scooped up by savvy investors.

So, where is a safe place for your money?  I would contend that it is in property... real estate. Houses will not just up an disappear like a company or its stock.  Will prices fluctuate? Of course! Will your house be worth ZERO tomorrow?  Highly unlikely. Money in a mattress

And of course you have heard it before, it is a buyers market. There are bargains out there! Sellers NEED to sell. Many are offering fabulous incentives to buyers. Interest rates are low. There are a record number of homes to choose from. Realtors have the time to give buyers the attention they need and deserve!  So... don't put your money in a mattress... unless you buy the house for the mattress FIRST! 

Norfolk Real Estate Blog

Norfolk Real Estate

Fredericksburg VA Real Estate Agent

0 commentsBethany Phillips, MBA • October 10 2008 10:09AM

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