Traditionally February And March Are A Little Quiet In Real Estate, So What Next?
It is quite common for things to go a little quiet after January and early February but this year has certainly been something different.
Many real estate agents are confirming that 2009 will be the time to buy quality real estate. Prices are down at the top end of the market and they say that this will be the year to get in there.
The lower end of the market, up to $500,000 seems to have still been reasonably constant, but that could all change if the Government stops its new home owners grant. Time will tell.
If you are selling or buying it would pay to bring in the professionals and get your property valued. Prices have changed so much in the last 18 months you could be doing yourself a disservice if you do not get it properly valued.
Keep a close eye on the market and get all your current details up to date if you are planning on purchasing any time soon.
Even though it is not the end of the financial year, it may pay to have an interim income and expenses statement made up by your accountant. If you do this you will only need to add on the last few months to complete it for the year, but it will give you an up-to-date financial view if you are planning on purchasing.
Filed Under: Property Investment • Property News
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