There are lots of opportunities for investing in real estate this year. Here are the reasons why it is a good time to invest in real estates.
1. Interest rates of mortgage are low
The mortgage interest rates are low now, so it’s a good time to take loan for buying a house. The monthly repayments will be easy to make.
2. High volume of foreclosures
Due to the downturn of the real estate market few years back, the former homeowners have been displaced due to foreclosure. So, there are many renters in the market. Investors can now buy rented properties, and so don’t have to pay any mortgage payment.
3. Real estate prices are at a low
Real estate is cheap now in many areas. For most people, housing is the biggest expense; so, you may consider relocating to a place where you can get a good property at a reasonable price.
4. The short sale market
The short sale market has created great opportunities. It lets you get a non-foreclosure home at a good price. Short sale is a better option than foreclosure; as with foreclosure you don’t know the background of the previous owner.
5. Real estate is a very good long-term investment
Real estate is a good long-term investment. It is valued much higher than it was years back. It is a very profitable investment.
If you decide to invest on real estate, talk to an investor consultant. He or she will help you to look through possibilities and help you take the right decision.