Welcome to Douglasville Dealings

Thanks for visiting my maryannmc.com blog! This is where I plan to journal some of my everyday activities in the Douglasville and West GA real estate market as well as community news and happenings. I am sure there will be much to talk about as the current trends in the market have made for some interesting buyer and seller activity. The recent lender difficulties and consequent tightening of credit requirements have made it more difficult for many buyers, especially single parent and low income families who can pay a mortgage but may not have a large downpayment available. Many buyers are afraid to do anything, waiting for the bottom. Sellers are getting frustrated due to longer times on the market and some homes simply not selling.

It should be interesting to see how it all unravels over the next few months but as a long time real estate investor I have made money by "going against the grain" which means: if everyone is trying to sell, you should be trying to buy. As the great Will Rogers once said: "Buy Land. They ain't making any more of the stuff". I seriously doubt that anyone is going to lose any money long-term on real estate. My personal portfolio is a little light in real estate right now as I sold most of mine off for top dollar a couple of years ago at the height of the market when everyone said this situation was coming.  Investors look out as you may be bidding against me on some of these foreclosures in the dead of winter when few are looking. Hope everyone has a great weekend and I will see you tomorrow.

 del.icio.us  Stumbleupon  Technorati  Digg 

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.