When Is It A Good Time To Purchase Your Home?

Property prices have dropped 30-50% in last 18 months so experts believe now is a good time to buy. Buy a bigger property means that you will take a smaller loss on your current property but overall you will stil benefit. Experts reckon now is a good time to buy your ideal home. Our advice is that take experts’ advice with a pinch of salt as they never put their money on the line.

Investors are buying properties at all time low pricing points. Property prices usually double every 7 to 10 years.

Investors are able to fix mortgages for long term. This gives them greater security knowing that their mortgage payment will be a fixed amount and rents will be increase over the term.

If first time buyers can not buy, they will have to rent the property. Naturally this high demand pushes up rental prices as a result of high demand and fewer supply. Because of this supply and demand, landlord can charge a higher rent. A landlord will usually select a tenant who can pay the most rent. Hopefully you will appreciate how this tough market is creating opportunities for others. Let us explain.

In a rising market the rents are charge based on a percentage of property valuation. This means that when property prices are rising so are the rents because the landlords have a temptation to sell the property portfolio and it is up to the tenant to convince them to rent the properties to them. Tenants who can not buy want to rent the property and make high rent offers.

In a recession there are many opportuities. How you find these opportunities depends on your mindset, your risk attitude and how your knowledge about financial products.

If you are thinking about retiring then rising rent is not a good news for you because pensions are going down and cost of living is rising.

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