Real Estate as an Investment a Business or a Home...
There is no doubt
the Seattle real estate market has been in a downturn. Experienced real estate
professionals know this happens as a normal course of business, as in other
years, and other downturns, real estate as an investment will recover.
The right time to buy and sell real estate is not based on what is said in newspapers, TV, the DJI, interest rate charts, unsold homes inventory charts or any other measure; but it is based on what your individual circumstances dictate. What is good for you, has very little to do with what is good for your neighbor...when it comes to buying/selling a home or business or an investment.
I'm not a cheerleader for the real estate industry. You might be surprised when you hear from me "don't buy it or don't sell it", for I'm not a salesperson but more of a trusted adviser. I'll provide you with the guidance, knowledge, information you'll need to make an informed buying or selling decision.
I'm always a bit perplexed when I take someone out into the market place and "we" find something that looks to be a great deal within the first few days of researching the market. Because I'll tell them "yes, that is a good deal" and "no, I don't advise you to buy it". Unfortunately we have not done enough looking. I know it's a good deal because I know the market, the problem is you've just begun to educate yourself about this market and I would suggest you make a more educated decision so you are fully confidant in your decision. Utilmatly the decision is yours to make and this property will probably sell to someone else real soon because it is a good deal. But we can always wait for the next good deal, it will come around...they always do.
~Lawrence P Nitkey
http://nitkey.wordpress.com/
Thu, 22 Dec 2011 18:01:00 +0000
Larry Nitkey on Dec 22, 2011 11:00AM
Sold ?AS IS?. This week?s legal Q&A via Washington Association of Realtors
Being a Realtor and member of both the National Association of Realtors as well as the Washington Association of Realtors. I get a weekly legal Q&A. As a Real Estate Broker I must stay up to date regarding laws as they apply to Real Estate. Some of these questions (I think) would be interesting to [...]![]()
Larry Nitkey on Oct 20, 2011 10:34AM
Legal Discriptions and Title Reports
The Buyer I recently represented got into contract with the Seller. All was well until we received the Title Report. How much time do we Real Estate Brokers take to look over the details within the report? Some of the things we MIGHT verify on the report could be the correct address and any “funny” [...]![]()
Larry Nitkey on Jul 14, 2011 11:41AM
This week?s legal Q&A via Washington Association of Realtors
Being a Realtor and member of both the National Association of Realtors as well as the Washington Association of Realtors. I get a weekly legal Q&A. As a Real Estate Broker I must stay up to date regarding laws as they apply to Real Estate. Some of these questions (I think) would be interesting to [...]![]()
Larry Nitkey on Mar 02, 2011 08:56PM
Interesting reading. Nice short and concise. 2011 Housing Trends ![]()
Larry Nitkey on Feb 24, 2011 11:37AM
Will Seattle Criminals soon to be a Protected Class?
But I don’t WANT to rent to sex offenders, crackheads, violent abusers or people convicted of drug dealing. However I may soon have too, and so might YOU if you own a rental property in Seattle or even just want to rent out a room in your home. The Mayor?s Office through the Seattle Civil [...]![]()
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