Last year I wrote a post about how things were going to be a little different going forward… down payment requirements, credit worthiness, but that there would be deals…
Last year I wrote a post about how things were going to be a little different going forward… down payment requirements, credit worthiness, but that there would be deals…
Two years ago we were staring at the beginnings of a financial crisis. Credit was clogged up, home values were sliding and the government was mulling over ways that they could intervene. They wanted to save everyone…
I had opinions then, and I have opinions now.
Last year I wrote a post about Contrarianism in investing. I still believe that the best opportunities go to those that run against the crowd. And oddly, the same conditions exist. Actually, in some cases… things might even be better.
There are still some new home developments going up around Gwinnett County, GA. Even though we keep hearing on the TV and radio that new construction has all but stalled, it hasn’t completely stopped.
And, December is traditionally the slowest month of the year for homes to go under contract (January is the slowest for closings…). So, there are a number of builders that are offering incentives for buyers during this time of year.
Without a doubt, EVERYONE is looking for a deal if they are in the real estate market. Barely a day goes by that I don’t get a call asking me about foreclosures and short sales.