Certainly we don't need to read an article to know the sobering truth about the current market - it's abysmal. But the offer some great advice for people looking to buy right now - MAKE AN OFFER.Investors have long known that the best way to make money is to buy when things are on sale. The same goes for real estate. Some of my clients are looking to invest in foreclosures and short sales right now, making their investment dollar go a whole lot further than it did just a couple of years ago.
Real estate, like all things, is cyclical. When property values do rise again, and they will eventually, these savvy investors may find themselves more profitable on the properties they are buying now than on any other property.
Sellers are becoming more realistic, and some of them are simply upside-down on their property and will shed the responsibility for little to no profit - and sometimes at a loss. Which makes the advice of MAKE AN OFFER that much more important. You have no idea what someone will accept until you ask. As Donald Trump points out in the article, don't worry about hurting anyone's feelings. He advises, "Far too many people fear rejection, and they don't want to be insulting, but you would not believe what you can get by not being afraid to hear no. If you get a no you establish a low base to continue negotiations from, and it took you two seconds of time to ask, we all have that to spare."
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