Realtors often become the catch-all for any real estate or housing market questions. You could ask Siri or Google, but you could call the real estate agent you met an open house. 

 

What are some of the questions that our real estate agents get asked?

“Is it a good time to buy?”

“Is it a good time to sell?”

“Is real estate a good investment?”

“Is it better for me to rent or to buy right now?”

“Are we headed into a recession?”

 

 

How many of those questions have popped into your mind the past couple months?

 

Real Estate is still considered one of the best investments. You can buy stocks, bonds, start a business (or invest in one) dump money into an IRA or 401(k), or buy property.

“Most millionaires I know made more money from owning real estate than any other investment,” says Peter Hernandez, president of the Western Region at Douglas Elliman, founder and president of Teles Properties. “You get a tangible, usable asset, whether you’re renting out an apartment or commercial building for income or buying a home. And there can also be tax benefits for investment properties. It’s always a good time to buy real estate.”* 

 

Most of us are not buying a new house every couple of years or even as frequently as we get a new car. We monitor our 401(K) accounts, savings accounts, stock portfolio, and other investments, but are you creating a 5 or 10 year plan for your real estate investments?

 

3 Opportunities for Home Owners in Today’s Real Estate Climate

Right now, mortgage interest rates are at 3.64 percent**. This is a huge opportunity to current home owners:

 

1 – You can refinance your current home

 

2 – You can sell your current home and purchase a replacement property taking advantage of today’s historic low interest rates (you might even have roughly the same monthly payment) 

3 – You can refinance your current home and purchase an investment property 

 

There will always be a demand for housing because people will always need a place to live. One of my biggest roles as a real estate agent is as an educator, a fiduciary to my clients, and a person who you feel comfortable to ask questions.

 

As we are coming into Quarter 4 — and the year has flown by — I’d love to sit down over coffee and talk with you about your real estate goals. Real estate investing might seem lofty and unattainable for the “average Joe” but it might be more within your reach than you realize — even in Southern California.

 
 
Source: 
**CAR Market Minute, September 30, 2019, https://www.car.org/marketdata/marketminute  

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.