Everybody’s looking for a good deal. Sellers want the highest price possible and buyers want to buy a house below asking price. They both want the same thing — a good deal. Following years of a sellers market, many consumers are facing a more normalized market across the country. Particularly, in large metropolitan markets, the normalizing of the market has created a wait and see attitude on purchasing or selling real estate.

For the wise investor/home buyer, the cautionary phrase of “wait to buy real estate” should give way to “buy real estate then wait.” One of the keys to savvy real estate investing — whether for personal use or wealth building — is timing. In a seller’s market, every buyer who was serious about getting into a home, knew it was time for bidding up. Getting the best price with the best terms was not a winnable strategy for so many buyer. The name of the game was winning the house.

View the full story here

This entry was posted on Saturday, February 11th, 2006 at 9:17 am and is filed under Denver. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.