Oct
20
With the stock market in a tailspin, uncertain economic times, and an unpredictable election ahead of us, I am reminded of the value in owning real estate for the long term. For ten years, the home we live in was worth what we paid, yet we paid down a mortgage almost $30,000. Now it is almost paid for after doubling in value over a 5 year period. Along the way we were able to pick up some rental property, and thanks to the benefits of home ownership and the time benefit of home ownership, increase our net worth dramatically. Market swings are just part of the process. The inventory in Hampton Roads is near an all time high with almost 15,000 homes for sale, which means there are plenty of good buys out there. Interest rates are historically low so take advantage of the great buying opportunity. Like the stock market, the housing market will rebound and unfortunately, trying to time or pick the bottom is near impossible. Let me know of your personal success stories in real estate, particularly in or around the Kempsville community. Vote, help make a difference, and pick up a piece of rental property or buy your first home this year. It is the only sure fire way to own a piece of America and insure that you participate in the next great real estate recovery!!
Alan Price
Mr. Kempsville-Remax Allegiance
Nobody Knows Kempsville Better
1-866-222-0106
757-434-3532
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