Happy Investing in 2012

By
Real Estate Broker with Daytona Condo Realty, 386-405-4408

Well, it is 2012, and there are hopes that Real Estate market will stabilize and start improving, though I am not sure I know what it means. I see people buying properties at very low prices now, and they are not in a rush to start paying way more, so for them this is the best market ever, as they do not expect it to be so wonderfully depressed ever in our lifetime...

Sounds terrible, isn't it? But it shouldn't...

As I say, there is no such thing as bad market. In the same market and in every market somebody makes a killing and somebody loses a shirt. Happy InvestingThe fact that there are way more of those, who are losing their shirt, than making a killing, does not change anything. There are a lot of people who would not buy anything until they see that the market has improved.

But what does it really mean? That the prices go up, and there will be more willing buyers, and the sellers will be making more money? But if you are investor/buyer, are you in the market to pay more rather than less?

So, you would not buy a property today for 40c – 50c on a dollar, but rather wait till the market starts «improving». Which means that if you wait till it is obvious, it as well can mean that you are late again. And that you will pay too much too late, and will be burned again.

Of course, investors know and use it to their advantage. But investors are not those of us with some spare cash, who bought and sold a few properties. Investors buy when the prices are the lowest and not when the market is «improving», and are selling, when buyers start buying like crazy, meaning it is time for investors to unload.

Basically, investors buy in disaster market, and sell in "improved" market.

Of course, if you are the Seller, who missed to sell at the peak of the market a few years ago, waiting for «improving» market would make all the sense in the world. Actually, unless you can't hold to the property, selling today may be the worst decision one can make.

Judging by the prices (would cost more to build), this "improving" market is not far, and the wait should not be too long. And do not rush and sell the minute the prices start going up. Because there is inertia, and once started going up, it will continue for quite some time, and selling even a few months later can mean a world of difference in prices.

That's how it happen before, that's how it will be again... and again... and again.

Here is residential sales figures for the last few years in Daytona Beach Area. Pretty interesting. See the price psf? Ask a builder you know to see if he can build decent home for that price.

Happy Investing

Happy investing in 2012.

* Photo via Flickr.com byalq666

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Topic:
Real Estate General Information
Location:
Florida Volusia County Daytona Beach
Groups:
Advice for Buyers
Market Reports
Real Estate Trends
Silent Majority
Tags:
real estate investing
investing in real estate in daytona

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Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Virginia - That is AR (LOL). Looking for an exchage for dollar a point.

It happens here pretty much the same way.

January 13, 2012 05:12 PM
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Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Gabe - this is so true. People want to see others succeed but do not understand that they are not replicating their success, because timing is the key. you do the same thing later and the results are different.

January 13, 2012 05:14 PM
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Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Linda - and this is the key to investing. Buying when the prices are low and selling when the prices are high.

The rest is just BS.

January 13, 2012 05:16 PM
Rainer
170,695
Jark Krysinski
TeamYVR Team Leader, BA,ABR,IRES,IMSD,LLB
REMAX CREST REALTY WESTSIDE

Jon, i hope Vancouver real estate market also improve! LOl~ and my team and me are gonna encourage our clients to invest. It's the right time! Good luck to your business!

January 13, 2012 06:57 PM
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Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

jark - let it happen

January 13, 2012 07:11 PM
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