Warren Buffet is considered as the world’s greatest investor of all time. He is one of the richest people in the world, and almost all of his wealth came from his investments. So what makes Warren Buffet credible in discussing property investments? The answer is simple, because he knows the inside out of the market; he can “see” the future of a market; and he can tell you whether investing on something is great or not.
There are a lot of people who are worried about investing in real estate mainly because they feel that the real estate market is falling. There are a lot of speculations about the fall of the market, and this is the reason why most people sit still and wait for the “perfect opportunity” to buy a real estate property. But did you know that Warren Buffet himself believed that there is no better opportunity to buy a property than the opportunity that we have today?
If you are going to take a look at the market, you will see that the mortgage rates and interest rates are low. In fact, they’ve been low for more than 4 years now, and the rates were never lower for more than 30 years. What this means is that if you are going to buy a property today, you will be able to buy it at a rate lower than what we have 30 years ago.
What makes it even more interesting is that only mortgage and interest rates are getting lower and lower; not the value of the property. If you are going to buy a property, you will be able to enjoy the perks of seeing how your investment appreciates, which is further amplified by the low mortgage and interest rates.
If you are going to wait for the market to subside, it may be too late for you, because we are already at a 30-year record. There are a lot of people who are saying that they will start investing for real estate properties after six months, because they believe that after six months, the price of real estate properties will be at its “rock bottom price”. Most of these people won’t be able to invest anything, because after six months, another speculation will come out and they will still believe it.
Investing needs great timing and skills. If you have the skills, you need to know the right time to invest. If you know the right time to invest, then you need to have the skills to determine the best investments to make. If you don’t have one of these important traits of a successful investor, you won’t be able to make a great investment. Just remember what Warren Buffet says; “There is no better opportunity for you to invest in the real estate market than the opportunity that is in front of you today”. The status of the real estate market is stable, but the mortgage and interest rates are low.