Truckee Real Estate - Money Market to Real Estate
Thinking of Moving Your Money From the Market to Real Estate?
Now may be the time. With overall markets losing on a daily basis, watching your portfolio dwindle can be frustrating to say the least. It’s not your fault, you made good investments at the time, but with things changing so rapidly it’s a difficult situation to deal with.
Is there a safer alternative to invest your monies? With real estate prices at all time lows, interest rates holding at the current lows, now may be the time to get out of the market and into real property for many.
Currently I am working with a buyer who intends to do just that. Unfortunately, the bank has been slow in responding to her all cash offer and during a one week period, her portfolio dropped in value by a whopping 4%. Her situation could change tomorrow if the bank continues to wait to respond to a great offer. Common sense would tell us that cash for property is better for the bank being in the property holding mode.
So let’s look back at history…here in the Greater Truckee area, the past few years have seen close to 18% in price fall off. Not such great news for those who just entered the housing market during or purchased during the highs of the 2005 and 2006 years and need to sell now. Those, however, who purchased earlier or are purchasing now with a long term hold are in good financial positions.
The Why and How of it: interest rates are down from those years and those able to qualify can refinance into lower rates. Those that don’t have to sell know that historically property values have always increased in eventuality.
Your personal goal, like many, was to leave a legacy for your family thru wise investments. Property legacies have been the alternative for many wise investors over the years – rather than those stocks and bonds that are losing value all too rapidly. The family vacation home and lifestyle might just be the perfect option for you to pass on to your family.
Give me a call and we can discuss your thoughts while I can provide you with detailed insight into our current market. As a relatively stable housing market has provided many with family legacy trusts – it just might be the best option for you to consider.
Always your best in mind! Bonnie Jessee 530 412 3984 - website
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