On a recent show, Ophrah said that "The sole difference between the wealthy and the poor are those who own real estate, and those who do not!"
But it is Buyer Beware for homebuyers and investors these days. Here are a couple of points to keep in mind when looking for the ideal property.
1. Choose a safe, secure location within 3 miles of schools and main thoroughfares.
2. Never get emotionally tied to a property because Emotion = Cost.
3. Find a credible developer and financier by checking references with a Business Bureau.
4. Focus on one niche of real estate first and surround yourself with a Power Team.
5. Beat others to the punch with effective and low or no cost referral marketing.
Luxury real estate will be desirable and affordable for some time to come. New home sales in the US hit an all time high this past year and coupled with some of the lowest interest rates in 50 years, and a higher average income earnings per household, means people are buying bigger and more luxurious properties, with no end in the sight in the forseeable future.
Warmly,
Mary Wozny
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