In terms of a time period in history that would be good to
buy, it certainly is now! If you trace back history and Real Estate, you see
the trend of 4 years of values going up, 4 years down, and 4 years flat.
In southern NH we are 7 years into that cycle. What that
means is, historically we should start to see values starting to go up (ever so
slightly at first) in the next 18-24 months, which means NOW is the time to
buy.
Having traveled the country speaking for the last 3 plus
years, I have seen areas in the last 9 months that are really starting to come
to life. Clarksville TN is starting to boom with New Construction, and in the
Dallas Tx. Area, the investors are finding it harder and harder to find great
deals because they have been drying up. I can name many other areas, but this
gives you an idea.
Bottom line, if you are able to purchase property right now,
do all that you can in order to do such.
Best advice I can give if you are thinking of buying…. Is to
make sure you get pre-approved for a mortgage first. Getting pre-approved makes
you almost a cash buyer, and keep in mind there is a huge difference between “pre-qualified”
and pre-approved.
If you want or need the contact data for a great loan
officer, just let me know.
James Goddard
603-589-6900 (direct line)
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