Personally, I'm a big fan of the entrepreneur and real estate investor Robert Kiyosaki, but even he considers himself a small investor compared to Donald Trump. I have read various books by these two real estate gurus, and whether you like them or not, they sure know their real estate - on a global scale.
Now I sit here in Kingsland, Georgia studying our local real estate while I'm also keeping one eye on how the national market and media are impacting the Kingsland, GA homes and our ability to sell them. Anyone who has turned on the TV in the past 12 months has heard about the impact that real estate has had on the overall economy and how the inventory of homes for sale have climbed.
Although the news seems to be strictly negative, it is important (to your pocket book) that you keep in mind the news is not bad news for home buyers in many real estate markets. In my opinion this includes the Kingsland, GA Real Estate Market. The news is actually a breath of fresh air for home buyers. In 2005 home buyers were at the mercy of home sellers (a seller's market) and now in 2008 the buyer has more options and better leverage (a buyer's market). If you plan on living in your home for three years or more you are in a solid position to buy a home while prices are lower and enjoy the ride UP!!
Here is what Donald Trump had to say about the current market (posted on his Trump University Blog on 5/12/08). I made no alterations other than to remove any links.
"It’s hardly a surprise but in the midst of today’s terrible economy and the nation’s housing crisis, the majority of Americans say they don’t plan to buy a home anytime soon.
In fact, more than a quarter of homeowners worry that their home will lose value over the next couple of years, and one in seven mortgage holders are afraid that they won’t be able to make their monthly payments in time over the next six months.
People are worried that housing prices will continue to fall which is good news if you want to buy but obviously terrible if you have a house to sell.
In addition, we have record-high foreclosure rates and an estimated 9 million homeowners actually owe more on their homes than they are actually worth. If you’re in that situation, the best thing you can do is to sit tight if you can and try to weather out the storm.
If you’re one of the fortunate few who is looking to buy, you could hardly be in a better position. Shop around, find a house and make an offer. Chances are, any good deal will get accepted and if you have decent credit you should be able to get financing.
I think the housing market is going to get better and it’s going to get better fairly quickly. The market is depressed and that’s when you want to go in. So if you have the money, now’s when you want to go out and buy.
But that’s just my opinion. After all, what does Donald Trump know about real estate!"
Don't take it from Paul Carlson. Either take it from Mr. Trump or use a little logic and ask yourself: "If I'm considering buying a Kingsland, GA Home, do I want to buy when the prices are low or do I want to wait until they climb back up?"
Whether you buy a Kingsland, Georgia Home now or you wait until prices are climbing, make sure you know how to buy properly. I cover the process on my site at http://www.KingslandGAHomesForSale.com and encourage you to read the information contained on my site.