Purchasing an investment property when the market is down can be extremely profitable.
But you still have to make sure you’re getting a good deal in a buyers’ market – and wise investors won’t be so blinded by the chance of a ”bargain” that they ignore their long-term strategy – which all means it isn’t as simple as it might look.
In a sellers’ market almost any price a vendor puts on a property results in a sale and such buoyant conditions tend to hide ”over-enthusiastic” prices.
An appraiser can help when determining market value contact the appraisers at www.socalappraisalserv.com for assistances.
In a depressed market, it’s much easier to buy real estate at more realistic prices because there’s more supply than demand.
Real estate isn’t a uniform market, though. There are many sub-markets that perform differently.
Good properties in certain areas can still sell within 24 hours of being listed, whatever the prevailing conditions, so it’s vital you get up to speed with the buying tactics used by seasoned investors.
Read more at: http://smh.domain.com.au/home-investor-centre/learn-the-golden-rules-for-buyers-20111104-1myc4.html
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