Wednesday, February 4, 2009

2009 Real Estate what's going to happen?

By Samuel Marks

In 2009 the real estate market may be as scary as those monsters of the silver screen that spooked us as children, but to others it is a chance to thrive. For those who are seeking to buy property whether a house or building the lower prices are a plus. Those looking to rid themselves of property are not seeing the same benefit as they are losing money. There are many reasons why one may be in favor or against the market in 2009. It will bill hard for one to sell their property and those looking to buy are finding it to be their market.

For the new couple that in the past may have struggled to find a place to live and start a family the market is a great thing. A few years ago the prices of houses were astronomical and a new life for young couples was seemingly out of reach. Now in 2009 their dreams can come true with out breaking the bank, this new couple will definitely be in favor of the markets current state. Again, the American dream is alive and well.

For those who already have the family and the house, but for unforeseen reasons need to sell their home the market can be devastating, as they wont achieve the price they believe is fair. The value that their house may have been estimated at only a few short years ago will more than likely have dropped. These sharp plummets have left a lot of people in disarray and they will obviously not be in favor of the current market. If possible try and hold out as long as you can before selling, renting may be an option until the market rise again in the future.

Business owners may benefit or be deterred by the change in the real estate market. In order to make up for the loss from their property value the rents on stores or offices may be raised to the dismay of many. If you are the one looking to start a business now may be the time to look for that building. For a business owner to pay rent on somebody else's property may no longer be the best option.

All-In-All holding on to your property or purchasing it at the low end is your best investment if you are in the financial mean at the current time. The real estate market will eventually rise again and your purchase price now will surely rise as well in time. Throughout time buying real estate has always been considered the best investment and should prove to be in the future.

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