The time to make a real estate investment in the Talega area has never been better. These homes were once valued at more than twice what they are currently selling for, and while the 50 percent reduction in price is a sign that the housing market is still not what it once was, it is almost a certainty that these historic lows will not last forever. It only makes sense to buy at this point if you are wanting to make a fortune in real estate because both homes and interest rates are at or near their all time lows. Before you pass up an opportunity such as this, here is what you need to consider:
When you buy into the Talega area, you're not just buying a home but a way of life. Instead of benefiting from the use of x amount of bedrooms and baths, you also have the advantages of swimming pools, community sport courts and clubhouses, world class golfing, and exclusive beach access via two-way trams that will take you there whenever you feel the need to go. The value that comes with a home purchase, in other words, must not be confined to the home itself. It must be expanded to the finer things that you will get as a result.
Less in Taxes
While falling home values and plummeting interest rates may be exemplary of a more serious problem with the US economy, what it means for the responsible home buyer is that he could find himself paying much less in taxes. Consider the 1 percent state tax in California, for instance. This tax is based on 1 percent of the value of your home purchase. Since prices are at historic lows, you can rest easy knowing that you will be paying less in taxes. Apply the savings to your retirement account or to that big purchase you've always wanted to make. When a home sells at million, that's ,000 in savings.
A Cyclical Marketplace
Real estate has always had its ups and downs. Never has the economy been so turbulent that interest rates and home prices have been so low, but you can rest assured that, if history is any guide (and it usually is), these savings opportunities won't last forever. Buying at the low end of the market could set you up for one of the biggest financial rewards you will ever experience. In order to take advantage of the marketplace, however, you need someone on your side, who knows the area and knows how to connect you to the real opportunities. Before you decide to "play it safe" and stay out of the market, see what a reputable agent has to say and make the best decision possible.