by Jacques Poujade
Now may seem like an uncertain time to financially invest in anything. The coronavirus global pandemic has rattled markets and left many people unemployed. With so much uncertainty, it can seem like a worrisome time to make new investments, and it’s understandable that people want to keep their current assets on hand. But actually, when it comes down to it, now is an excellent time to invest in real estate. Here are six reasons why now is a great time to invest in real estate.
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One side effect of the coronavirus pandemic is that mortgage rates are actually incredibly low. This could be great if you’re looking to finance your investment with a property mortgage, which is a common avenue for many investors, especially newer investors. This could save you thousands of dollars on your investment in the long run, making it much more profitable.
It can be jarring to realize how much stock investments fluctuated during the coronavirus pandemic. This was a stark reminder to many people that stock investments are far from stable, and they can be easily shaken. One of the best things about real estate investments is that they’re stable and relatively safe, and as far as investments go, you can really trust them to only increase in value.
It’s truly a buyer’s market, for many reasons, and one of them is that there are plenty of properties which weren’t able to sell because of the pandemic. This may mean that you can get your pick of the litter, or find a great deal on something.
When we look at the numbers, we can see that many cities are starting to experience official recoveries, as far as their housing markets go. This means that things are normalizing to their pre-coronavirus levels, and you can feel more confident in your decision to invest in real estate.
As the effects of the pandemic start to ebb, we’re seeing that there is already increased interest in properties, and increased amounts of mortgage applications. This means that there might be increased competition for properties, and even bidding wars around the corner. That’s why now is an excellent time to invest in real estate, before the market becomes oversaturated with competition.
If you’re looking to finance an investment, there are plenty of alternative lending solutions, outside of your traditional mortgages. This means if you’re looking to move quickly, or need an alternative solution for other reasons, there are definitely plenty of options for you. For example, there are hard money loans, which can give you the cash you need quickly to finance your investment purchase. Just because you’re in need of an alternative lending solution, doesn’t mean you shouldn’t consider investing in property.
There are plenty of reasons why now is a great time to invest in real estate. Connect with me on social media, if you want to talk about lending solutions, I’m happy to answer your questions.