Unprecedented Opportunity to Buy Real Estate

Posted 05/10/2010 by Rob Schmaus

I have discussed what I have seen happening recently in real estate markets in the north Seattle area.

I have discussed what I think will happen in the market in the coming year, 2010.

The tone has not been positive, but the beauty of real estate is that one man’s famine is another mans fortune. Right now, or in the next 3-6 months will be the absolute peak of the buyer’s market. We are nearing th bottom, It is just ahead of us now.

Wait until the end of this year and the bottom the market will have past you by and the best opportunities will be gone.

Interest rates are still at record lows, incentive programs are running strong, and inventories are high. All of this puts the buyer in the driver’s seat… strongly. If you have ever wondered how people got so rich in real estate though the first decade of this century, the answer is timing.

Timing is everything in real estate. We can’t control the market... but if we can read it correctly and act at the right time there is a lot of money to be made.