I just read an article on Yahoo Finance about 9 steps for building wealth in 2011. Here’s what it said about real estate:
Want to build wealth in 2011? Buy a home, Phipps says. Mortgage rates are low, selection is great, prices are about one-third lower than five years ago, “and, by the way, you can live in the investment,” he says.
Homeownership remains a long-term vehicle to financial independence and wealth, Phipps says.
Tip for success: Even though it sounds “pretty elementary,” it’s especially vital to “use common sense when buying and selling,” Phipps says. “Price at the market to sell. Buy what you need and can afford.”
Here’s the full article: finance.yahoo.com/retirement/article/112185/9-ways-to-build-wealth-in-2011?mod=retire-planning
Hey, if Yahoo says so…
I’ll tell you what… THIS IS THE BIGGEST REAL ESTATE SALE in the HISTORY of AMERICA. Interest rates are SO LOW. If you ride the fence waiting to see if prices will go up or down, you just might out think yourself as interest rates go up. Give the Columbia New Home Buyer Team a call and talk to team leader Adrian La Fosse about purchasing that dream home. He can be reached at 800-620-1323.
You can also visit their Columbia SC new homes website.