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Today, we're going to talk about three ways to capitalize on this year's real estate market.
- Surrounding inner city land prices are low. The last couple years, things have been really busy. Developers jumped into the market, driving land prices up in the inner city to an unsustainable point. Now, with oil prices down and sales volume down a lot. Developers have fled out of the way, and now we're seeing up to $100,000 discounts on inner city land! Now is a great time to grab up any RC2 properties. With the interest rates, you can generate a cash flow and sell the property again in a better market.
- Trade up. Low interest rates and a high supply of homes in higher price brackets make now a fantastic time to sell your current home and move up into a new price point. You can get a bigger discount on your purchase than what you have to give up on your sale. Right now is a rare time, because you will gain equity by moving up.
- Invest! The condo market is extremely oversupplied. This year is a great year for investing. You can capture some deals due to the high supply. Condo properties are very easy to manage, and if you've been waiting to purchase an investment property, this year is the year to do it!
