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Real estate agents can provide you with information about how the local market has performed historically, in order to help you work out a strategy for investing in real property.
Historically, real estate has been a superb long-term investment. Many people have created fortunes on short-term investments in hot markets. Remember that the local market will be influenced by factors beyond your control, such as interest rates, economic trends, local employment opportunities, and the demand for and availability of rental housing. All of these factors are subject to change, so timing is crucial. A slow market can mean real values for buyers, but a fast market could heat up for several years, pricing timid buyers out of the market. Your real estate agent can't predict the future, but he or she can help you interpret the present.
Paddy Coan Prudential Jack White Vista Real Estate 865 N Seward Meridian Parkway, Suite 200 Wasilla, AK 99654 907 355 4209 Fax: 907 352 1890 paddycoan@NUMBER1EXPERT.com
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